TORONTO, ONTARIO--(Marketwire - April 1, 2010) - Inspiration Mining Corporation (the "Corporation") (TSX:ISM)(FRANKFURT:OI8) is pleased to announce the results of exploration hole 51 and 52 in the Langmuir 1 Deposit area. The Langmuir property comprises 69 mining claims covering 1090 hectares in the Langmuir Township, 25 km southeast of Timmins, Ontario. It hosts the past nickel producing mines of Langmuir No. 1 and 2.
In its National Instrument 43-101 compliant resource estimate report for the Langmuir North Deposit and the Langmuir No 1 Deposit, Micon International Limited ("Micon") inferred 1.733 Mt @ 0.51% Ni on the Langmuir No. 1 and 8.324 Mt @ 0.40% Ni on the Langmuir North Deposits. In Langmuir No. 1, the main nickel sulfide mineralization is located in the first vertical 250m and extends to the NE for 250m in highly magnetic ultramafic flows.
In continuous efforts to increase the volume and grade of the Langmuir deposits, the Corporation has carried out systematic drilling in fertile lithologies on strike with the main mineralization.
Hole IMCEX-51 and 52 are located 300m NNE of the main Langmuir No. 1 deposit in similar ultramafic mineralized unit and show the following northwestward intersections:
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Hole ID From To Metres Ni %
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IMCEX-51 331.7 341.6 10.9 1.15
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IMCEX-52 18 34 16 0.214
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346 371.42 25.42 1.449
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Including 359 362 3 2.478
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Hole 51 also contains 34.3m @ 0.15% Ni, close to the 0.2% cut-off grade used by Micon in the Langmuir No. 1 resource calculation. In both cases, the nickel relates to disseminated and massive sulfides in serpentinized komatiitic flows locally showing spinifex textures.
The mineralisation located at short distance and at similar depth northeast of the main deposit, demonstrates the continuity of high nickel grades along the major ultramafic host unit and the possibility of significantly increasing the Langmuir No. 1 deposit tonnage.
The assaying of split core samples was conducted by Swastika Laboratories using 0.5g of pulverized rock dissolved in aqua regia and analyzed by Atomic Absorption with Ni detection of 0.01%. Blanks and standards are systematically inserted every 20 samples.
The Qualified Person in charge of the Langmuir Project and the person who prepared the technical data in this release is Andre Ciesielski, P. Geo, who is an arm's length party retained by the Corporation to carry out its exploration program on the Langmuir Project.
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Inspiration is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Inspiration cannot assure investors that actual results will be consistent with these forward looking statements and Inspiration assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.
FOR FURTHER INFORMATION PLEASE CONTACT:
Inspiration Mining Corporation
Randy Miller
President
416.842.9000
www.inspirationmining.com
or
For Investor Relations call:
Gale Capital Corporation
604.221.7604
604.221.7606 (FAX)
galecapital@shaw.ca
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
