URSA Major Minerals Achieves Full Budgeted Nickel/Copper Ore Production and Grade at Its Shakespeare Nickel Mine in Sudbury Area, Ontario

URSA Major Minerals Incorporated (TSX:UMJ)announced that the Shakespeare Nickel Mine has achieved the full budgeted output and grade since resuming operations in June.

The press release is quoted as saying:

In 2010, 58,000 tonnes of ore have been delivered to Xstrata Nickel. The ore shipped in May and June 2010 averaged 0.40% nickel, 0.45% copper, 0.025% cobalt and 1.04 g/t precious metals which is above the average budgeted grade for 2010. To the end of 2010, URSA Major anticipates the production of approximately 208,000 tonnes of ore from the Shakespeare Mine and contained metals are anticipated to total approximately 1,055,000 pounds of nickel, 1,677,000 pounds of copper, 55,000 pounds of cobalt and 3,100 ounces of precious metals. The recovered and contained metals are subject to smelter recoveries and to further smelter deductions.

Click here to access the entire press release

Click here to access URSA Major Minerals Incorporated Corporate Site