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NICKEL-COPPER DEVELOPMENT – Closure approved for Shakespeare property

ONTARIO - Production is a step closer at the Shakespeare nickel-copper property now that the closure plan has been ...



ONTARIO – Production is a step closer at the Shakespeare nickel-copper property now that the closure plan has been accepted by the ONTARIO MINISTRY OF NORTHERN DEVELOPMENT & MINES. The project near Sudbury is owned by URSA MAJOR MINERALS of Toronto.

The Shakespeare feasibility study proposed a three-stage development. First, a mine will be built and the ore processed at XSTRATA NICKELs Strathcona mill. The second stage covers building a 4,500-t/d concentrator at the mine site. Stage three is operation of two open pits and the on-site mill.

Currently, Ursa Major is test-mining a 50,000-tonne bulk sample. Roughly three-quarters of the sample has been delivered to the Strathcona mill. The deposit contains a diluted probable reserve of 11.2 million tonnes grading 0.33% Ni, 0.35% Cu, 0.02% Co and 0.09 g/t total precious metals. (See www.UrsaMajorMinerals.com)


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