Re: Inspiration Mining Acquires Shares of Ursa Major Minerals Incorporated

Welcome To The Inspiration Mining HUB On AGORACOM

The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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EB Farnum

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Re: Inspiration Mining Acquires Shares of Ursa Major Minerals Incorporated

in response to

Re: Inspiration Mining Acquires Shares of Ursa Major Minerals Incorporated

tantallon

posted on Jul 11, 2010 11:05AM

Well this is an odd development and I’m not sure what to make of ISM buying into this small producer.

Tantallons’ comment “Since the TSX killed the Metal Mine spin off of Langmuir, could we then see Langmuir spun into Ursa Major. Hence giving ISM a controlling stake in it?...hmm interesting

Feb 4, 2010 some tidbits - Ursa began mobilising contractors to the site this week and mining and crushing operations are currently under way, the firm announced on Thursday. The company plans to begin truck haulage this month to deliver 200 000 t of ore for processing at Xstrata's Strathcona mill, in Sudbury, in 2010. Ursa and Xstrata signed a 24-month processing agreement for Shakespeare ore in November last year. Based on previous grades and metallurgical results, Ursa expects that it should produce contained metals in concentrate of around 1,1-million pounds of nickel, 1,7-million pounds of copper, 55 700 pounds of cobalt and 3 100 oz of precious metals.