NRUrsa Major resumes drilling at Worthington-Bell
2007-10-18 13:14 ET - News Release
Dr. Richard Sutcliffe reports
URSA MAJOR MINERALS RESUMES DIAMOND DRILLING ON NICKEL TARGETS AT WORTHINGTON-BELL AND SHAKESPEARE PROJECTS, SUDBURY AREA, ONTARIO
Ursa Major Minerals Inc. has resumed drilling on the company's Worthington-Bell property, located in Lorne township, 40 kilometres west of Sudbury, Ont.
At Worthington Bell, as reported in Stockwatch on Oct. 5, 2007, Ursa Major recently completed two diamond-drill holes to depths of 977 metres and 725 metres, respectively. Both holes intersected the highly favourable rock-fragment-bearing quartz diorite phase of the offset dike with disseminated sulphide mineralization and localized sulphide veins. The two holes completed by Ursa Major, as well as holes drilled by previous operators, were probed with Lamontagne Geophysics Ltd.'s downhole UTEM system. This survey identified an electromagnetic conductor at a depth of approximately 500 meters which will be tested in the current drilling program.
Following the drilling at Worthington-Bell, the diamond drill will be moved to the Shakespeare nickel project. At Shakespeare, Ursa Major has planned a short-hole program to increase the confidence level in the near-surface reserve at Shakespeare West prior to mining operations and has planned a longer-hole exploration program to test the downplunge extension of the Shakespeare East deposit. Ursa Major has contracted George Downing Estate Drilling Ltd. for a minimum 3,000-metre program.
Dr. Richard Sutcliffe, Ursa Major's president and chief executive officer, stated: "We anticipate that Downing will be diamond drilling on our projects over the fall and winter drill season. This program will test highly prospective geological environments at both the Worthington-Bell and Shakespeare projects. We want to ensure that Ursa Major maintains an active exploration program in addition to the mining operation that is being developed at the Shakespeare project."
Harold Tracanelli, PGeo, Ursa Major's exploration manager, will supervise the drill program on the Worthington Bell and Shakespeare properties and is the qualified person for this program under National Instrument 43-101.
Ursa Major will be exhibiting at the Toronto Resource Investment Conference that is being held Oct. 21 and Oct. 22 at the Metro Toronto Convention Centre. Please come and see the company at booth No. 235.
This release was prepared by management of the company who takes full responsibility for its contents.
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