URSA Major Minerals Mobilizes Second Drill for Its Ontario Exploration Program and Initiates Drilling at the Fox Mountain Project, Thunder Bay Area

URSA Major Minerals Incorporated (TSX:UMJ) ("URSA Major" or the "Company") is pleased to announce that the Company has initiated a drilling program to test high-priority nickel-copper-platinum group metal targets on the Company's 100% owned Fox Mountain Project located 75 km...

Full description

Saved in:
Bibliographic Details
Published inMarketwire
Format Trade Publication Article
LanguageEnglish
Published Toronto Intrado Digital Media Canada Inc 31.03.2011
Online AccessGet full text

Cover

More Information
Summary:URSA Major Minerals Incorporated (TSX:UMJ) ("URSA Major" or the "Company") is pleased to announce that the Company has initiated a drilling program to test high-priority nickel-copper-platinum group metal targets on the Company's 100% owned Fox Mountain Project located 75 km north of Thunder Bay, Ontario. Two holes for a total of approximately 1,000 metres will be drilled to test airborne geophysical anomalies associated with prospective ultramafic intrusive rocks. In November 2010, URSA Major contracted Aeroquest Limited to complete a 610 line km airborne magnetic and time domain EM survey of the Company's Disraeli Property (total 207 claim units) that hosts ultramafic and gabbroic intrusions. The Aeroquest survey identified a number of geophysical anomalies and the Company is currently drill testing two anomalies that are located close to an access road. It is anticipated that the initial drilling program will be completed in mid-April. The Company anticipates that additional anomalies will be tested during the summer after the Company has had an opportunity to complete further geological mapping and prospecting. The Disraeli claims were acquired by staking, are 100% owned by the Company, and are not subject royalties.