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Projects
Shakespeare Nickel Project
The Shakespeare nickel project is located 70 km west of Sudbury,
Ontario, is currently in a pre-production mining stage of development.
URSA Major completed the trucking of a 50,000 tonne bulk sample from the
Shakespeare West Deposit in October 2007. Batch processing of the sample
at Xstrata’s Strathcona mill was completed in October 2007, and in
November 2007 blending tests with Shakespeare ore and Strathcona ore
feed were also completed. Based on mill balances, the batch test
processed 45,487 dry metric tonnes (dmt) of ore with a head grade of
0.40% nickel, 0.46% copper, 0.026% cobalt, 0.186 g/t gold, 0.378 g/t
platinum, and 0.483 g/t palladium. Overall nickel and copper recoveries
into concentrates were 76.20% and 89.42% respectively. Cobalt recovery
into concentrate was 60.03%. Gold, platinum and palladium recoveries
into concentrate were 62.56%, 66.12%, and 46.28% respectively. The batch
ore sample produced 124.22 tonnes contained nickel in nickel
concentrate, 186.86 tonnes contained copper in both copper concentrate
and nickel concentrate, and 6.31 tonnes contained cobalt in nickel
concentrate. Contained gold, platinum and palladium are 5.30 kg (170
oz.), 11.38 kg (366 oz.), and 10.18 kg (327 oz.) respectively. More.
Porter-Baldwin Property
(including the Porter Option) - 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.
More.
Shining Tree Nickel Project
URSA Major has a 100% interest in a nickel-copper deposit located
near Shining Tree, Ontario. The Shining Tree property is located in
Fawcett Township, 110 km north of Sudbury, Ontario and consists of 40
staked mining claims covering an area of approximately 1,600 acres. In
early 2006, URSA Major reported the results of a resource estimate on
the Shining Tree deposit. Drilling to December 2005 has resulted in an
Indicated Resource of 1.02 million tonnes grading 0.71% nickel, 0.36%
copper plus an Inferred Resource of 1.49 million tonnes grading 0.67%
nickel and 0.36% copper at a cut off value of 0.30% nickel equivalent.
Mr. Rob Carter, P.Eng., of Wardrop Engineering Inc. supervised the
resource estimate, and is the Qualified Person under National Instrument
43-101. More.
Worthington Bell Property
In late 2006, URSA Major signed an option agreement to acquire a 100%
interest in a nickel-copper exploration property on the Worthington
offset dike, located in Lorne Township, 40 km west of Sudbury, Ontario.
URSA Majors’ Worthington Bell option covers 1.2 kilometers of strike
length of the Worthington offset dike. This dike extends for
approximately 12 kilometers from the Sudbury Igneous Complex and is the
host to several nickel-copper mines and deposits. Most notably, the
Totten Mine Extension, owned by CVRD-Inco is located approximately 6
kilometers northeast of URSA’s property on the Worthington offset dike.
The Totten Mine Extension contains approximately 10 million tonnes of
1.50% nickel, 2.0% copper and 4.8 grams per tonne of palladium and
platinum.
More.
Nickel Offsets Property
Subsequent to the year-end, URSA Major entered into a binding letter of
intent with United Reef Limited (“United Reef”)(TSXV:URP) whereby URSA
Major can earn a 70% interest in United Reef’s 100% owned Nickel Offsets
property, located 40 km northwest of Sudbury, Ontario. The Nickel
Offsets Property is located in Foy Township, Ontario and consists of
twelve contiguous patented mining claims and five unpatented mining
claims covering 358 ha (884 acres). The property hosts the
past-producing Nickel Offsets (Ross) Mine which between 1943 and 1957
produced 208,551 tons of nickel and copper ore with reported recoveries
of 4.56 million lbs of nickel and 3.32 million lbs of copper.
More.
KORES Alliance
URSA Major has a strategic alliance with Korea Resources Corporation (KORES)
to identify and acquire significant advanced base metal exploration
projects for exploration and development. More.
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