NR - more detailURSA Major Minerals' Diamond Drill Exploration Program Underway on Nickel Targets at Worthington Bell Property, Worthington Offset Dike, Sudbury Area,
Mon Jun 25, 1:34 PM
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TORONTO, ONTARIO--(CCNMatthews - June 25, 2007) - THIS PRESS RELEASE IS URSA Major Minerals Incorporated (URSA Major)(TSX VENTURE: UMJ.V) announces that the company has commenced a diamond drill program on its Worthington Bell property, located in Lorne Township, 40 km west of Sudbury, Ontario.
The first drill hole U14-1A commenced on June 16, 2007 and is currently at a depth of approximately 490 meters. The hole was collared footwall to the offset dyke and was designed to drill down dip through the dike. The hole entered the Worthington offset dike at a depth of 298 meters and from 325 meters has intersected the favourable rock fragment bearing quartz diorite phase of the offset dike. Bruce W. Mackie P.Geo., URSA Major's VP of Exploration and Corporate Development stated, "This program is in the early stages and we are testing a prospective geological environment. We anticipate drilling a minimum of 2,000 meters until mid-summer and then will complete down hole EM surveys to identify further drill targets."
On the Worthington Bell Property, disseminated to net-textured sulphides (pyrrhotite, pentlandite, and chalcopyrite) have been previously exposed by surface trenching over a 250 meter strike length within the central, inclusion-bearing portion of the Worthington Offset Dyke. Near surface drilling on the property by previous operators has returned several mineralized intersections including a 2.62 meter intersection grading 1.26% Nickel, 0.45% Copper and 13.43 g/t platinum group metals plus gold. Harold Tracanelli, P.Geo. is the Qualified Person for URSA Major's drill program.
URSA Major's 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. CVRD-Inco recently announced that it will spend $400 (Cdn) to reopen the Totten Mine and expect it to be in full operation by 2011.