Ursa Major explores Nirinsk

Junior Ursa Major International (URS-T) has completed a due diligence review of its 60%-owned Nirinsk licence, situated 210 km northeast of Karaganda in central Kazakstan.

The 68-sq.-km licence contains the Kenjarik vein-gold deposit, which has a resource estimated at 2.9 million tonnes grading 8.7 grams gold per tonne to a depth of 200 metres.

The due diligence attempted to verify a Soviet-defined gold-in-soil anomaly measuring 3 km long by 1 km wide.

Ursa will begin a trenching program as well as carry out drilling on the Nirinsk licence in July.

The 1997 budget at Nirinsk has been set at a minimum $100,000, with an overall plan to fund US$500,000 worth of exploration over the next five years.

Elsewhere in Kazakstan, Ursa is in the early stages of exploring the Shahtny copper-gold occurrence on the Tekturmas and Kenespai licence areas, south of Karanga.

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