ONTARIO – URSA MAJOR MINERALS of Toronto is taking the next step toward development of its Shakespeare nickel-copper mine and mill 70 km west of Sudbury. The company has applied for regulatory approval from the Ontario Ministry of the Environment and is working on a closure plan for the Ministry of Northern Development and Mines.
Ursa wants to build a 4,500-t/d open pit and concentrator. The Shakespeare deposit contains a diluted probable reserve of 11.2 million tonnes grading 0.33% Ni, 0.35% Cu, 0.02% Co and 0.9 g/t PM. Ursa is the operator and earned an 86% interest in the property from Falconbridge in 2004. More information is available at www.UrsaMajorMinerals.com.