URSA Major Minerals Reports Operational Profit of $2.4 million at Shakespeare Mine

URSA Major Minerals (TSX:UMJ) announced that its Shakespeare Mine profited nearly $2.4 million.

The press release is quoted as saying:

For the quarter ended January 31, 2011, the Company delivered 63,864 tonnes of ore to the Strathcona mill at a grade of 0.338% nickel, 0.400% copper, 0.027% cobalt, 0.365 g/t platinum, 0.391 g/t palladium, 0.191 g/t gold and 2.269 g/t silver.

To read the full press release, click here.