Ursa turns drills at Nirinsk

Preliminary drilling and trenching by Ursa Major International (urs-t) are assessing two soil anomalies on the Nirinsk property in central Kazakstan.

The anomalies are seen as potential open-pit gold deposits.

Zones 1 and 2 measure 0.8 and 1.7 sq. km in extent, respectively, and range in value between 0.03 and 2 grams gold per tonne. Both are associated with the Kenjarik gold deposit, where Soviet geologists previously outlined a possible resource to a depth of 200 metres, consisting of 2.8 million tonnes grading 8.7 grams gold.

Ursa will test Zone 1 with 300 metres of diamond drilling and 160 metres of trenching, while Zone 2 will be tested by 560 metres of trenching. Nirinsk covers 68 sq. km and is situated 210 km northeast of Karaganda. Ursa has a 60% interest in the property and will fund US$500,000 in exploration over the next five years.