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Baldwin-Porter Property
URSA Major's 100%-owned Porter Baldwin property (formerly referred to
as the Agnew Lake property) now comprises over 947 claim units (37,880
acres) that cover a 15 km strike length extending from the Shakespeare
deposit towards the Sudbury intrusive complex. During 2004, URSA
conducted geological mapping, geophysical surveys including a MEGATEM
airborne electromagnetic (EM) survey and diamond drilling on the Porter
Baldwin property. In early 2004, drilling by the Company demonstrated
that rocks with similar characteristics and style of mineralization to
the Shakespeare deposit are present on the 100%-owned Agnew Lake
property. Drilling in early 2005 intersected minor sulphide
mineralization on the property at the same stratigraphic position as the
Shakespeare deposit. The results provide evidence of a magmatic sulphide
target of regional extent. The company is continuing to map and prospect
the property to develop new drill targets.
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