URSA Major Minerals Drills Iron-Oxide Skarn Mineralization at Fox Mountain Property

URSA Major Minerals Incorporated (TSX:UMJ) reports results from an initial two hole drilling program at its Fox Mountain project in Ontario.

The press release is quoted as saying,

Initially, the Company was targeting platinum group metal and nickel-copper sulphide mineralization on the property, however, the drill holes intersected a sub-horizontal four to five meter thick layer of massive magnetite-iron sulphide mineralization that is interpreted to be an occurrence of skarn mineralization within the Sibley Group sedimentary rocks.

For the complete press release, click here.