Inspiration Mining

Welcome To The Inspiration Mining HUB On AGORACOM The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

over 13 years ago

in response to whaler's message

Here's a NR from April 01 2010

Mentions holes IMCEX 51 (results were in progress) and 52. We know both were listed in Kian's drill table of his Sept 09 43-101. So again why mention them so much later? Is it becuase they were never formally reported in a NR fashion? Or that at least one hole was in progress and unreported?

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Inspiration Intersects 1.15% Over 10.9 mt and 1.455% Ni Over 25.4 mt NNE of the Langmuir No. 1 Deposit Area

TORONTO, ONTARIO, Apr. 1, 2010 (Marketwire) -- 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.

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