Susceptibility measurements performed on initial short (~ 16 m) cores PG1351 taken from Lake El'gygytgyn exhibited a large range in values. This observation led to the suggestion of widespread magnetite dissolution within the sediments due to anoxic conditions within the lake. Rock magnetic properties and their comparison with magnetic susceptibility, total organic carbon (TOC), and bulk δ13Corg proxies in core LZ1029-7, taken from the same site as the previously drilled PG1351, provide an insight into the character of the magnetic minerals present within the lake and can further the understanding of processes that may be present in the newer long core sediments. Susceptibility measurements (χ) of discrete samples corroborate the two order of magnitude difference seen in previous continuous susceptibility measurements (κ), correlating high values with interglacial periods and low values with glacial intervals. Hysteresis parameters indicate that the majority of the magnetic material to be magnetite of PSD size. TOC values increase while δ13Corg values decrease in one section of LZ1029-7, which is defined as the Last Glacial Maximum (LGM), and help confine the age of the core to approximately 62 ka. Increases in TOC during the most recent glacial interval suggest increased preservation of organic carbon during this period. High TOC and low magnetic susceptibility during the LGM support the theory of perennial ice cover during glacial periods, which would lead to lake stratification and therefore anoxic bottom water conditions. Low temperature magnetic measurements confirmed the presence of magnetite, but also indicated titanomagnetite and possibly siderite, rhodochrosite, and/or vivianite were present. The latter three minerals are found only in anoxic environments, and further support the notion of magnetite dissolution.