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URANIUM EXPLORATION – Former Agnew Lake mine to get another look

NORTHERN ONTARIO - Plans are afoot to re-explore the former Agnew Lake uranium mine 40 km west of Sudbury. The prop...


NORTHERN ONTARIO – Plans are afoot to re-explore the former Agnew Lake uranium mine 40 km west of Sudbury. The property is wholly owned by URSA MAJOR MINERALS of Toronto. The company plans two drill holes beginning this month to test targets hosted in metasedimentary rocks.

The Agnew Lake uranium mine was operated by Kerr Addison between 1977 and early 1983 and produced a total of 1.88 million lb of U3O8. The underground mine was developed to over 980 m depth. Uranium was produced from the in-situ leaching of broken ore in stopes, as well as from heap leaching surface stockpiles. Ursa Major acquired its interest in the property by staking in 2002. The company staked an additional 35 claim units (567 ha) to extend the property position, which now covers over 6 km of favourable mineralized horizons.

The uranium mineralization at Agnew Lake is contained within a pyritic quartz-pebble conglomerate that unconformably overlies granitic rocks and is similar to mineralization in the Elliot Lake area to the west of the property. In addition to the uranium, the deposit also is reported to contain significant rare earth element mineralization.

Visit www.UrsaMajorMinerals.com for more information on the Agnew Lake project and Ursa Major’s other undertakings.


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