I liked todays news and it goes nicely with what the company has told us they are doing immediately. I would think that if they are doing what I think they are by proving up new resources, Darcel will have been dead on with his valuation talk of $16.50/share being very conservative and that we will likely be bought out by a major. IMHO

"Langmuir Property: Inspiration Mining acquired the Langmuir property in November 2004, which includes the Langmuir #1 and Langmuir #2 mines with past production of 101,132 tonnes grading 1.74% nickel and 1,133,750 tonnes grading 1.45% nickel, respectively. Inferred resources totalling 1,017,400 tonnes grading 1.38% nickel remains in the Langmuir #1, #2, South and North zones of the property. Other zones such as the Emergency Tailings Pond and <B>mineralization along strike from the Langmuir #1 deposit remain to be explored.

Based on these facts, Inspiration Mining believes that the Langmuir property has not been exhaustively explored, leaving room for the discovery of additional zones of massive, net-textured and disseminated nickeliferous sulphide mineralization.</B>"

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From the last update we read:

Langmuir Property

The Langmuir Property, being the most advanced of the three properties, has been the primary focus of management's attention over the past two years. The property hosts the past producing Langmuir No. 1 Mine and a major portion of the past producing Langmuir No. 2 mine. (Figure 1)

The first phase of the diamond drilling program for Langmuir was focused on the large area of mineralization known as the "North Zone", an extension of the No.2 Mine. (Figure 2)

The other known target is the area surrounding the Langmuir No. 1 mine hosting multiple zones of mineralization defined as the West Zone, the Central Zone and the East Zone. (Figure 4)

Due to the fact that at both the North Zone and Langmuir No.1 Mine the known zones of mineralization are open both at depth and at length, the Company estimates it could continue the drilling program at the North Zone for approximately 2 to 3 months and at the Langmuir No.1 Mine for 12 to 14 months.

Drilling Programs

Langmuir No. 2 Mine & Surrounding Area: The current diamond drill program has proceeded uninterrupted since July 2005. Drilling during 2006 emphasized the Langmuir 2 North Zone and the South Zone, with drilling concentrated near the workings of the previous Langmuir No. 2 production and extending outward from the historic production areas. As of June 30, 2007, the Company has completed 63 drill holes (approx. 8,500m) on the North Zone and 3 drill holes on the South Zone as noted in a news release dated March 5, 2007. That drilling has tested this zone in detail to 100 meters depth with 3 holes penetrating substantially deeper up to 230m. That zone is yet open, both to the north and to depth. That drilling is summarized in a technical report by Kian Jensen, B.Sc., P.Geo., which was updated to December 31, 2007. The report can be viewed online under the Corporate Profile of the Company on the SEDAR web site

Figure 2 illustrates the detail location map of the Langmuir No. 2 Mine area with a composite of the eight levels of underground mine workings and the ore zones, the location of the electromagnetic anomalies, the historical overburden basal till geochemical anomalies, and the location of the Company's diamond drill holes since December 31, 2006.

The drilling consistently encountered 3 distinct zones of high-grade nickel mineralization surrounded by lower-grade haloes. The low-grade mineralization haloes have an averaged true width of 22m to 44m. The zone widens at depth (approx. 100m to 125m below the surface) to 75m to 117m true widths. The overall strike length of the North Zone is approximately 350m. The low-grade mineralized haloes range up to 0.769% nickel while narrow high-grade mineralization sections from 1m up to 10.5m true widths typically assaying between 1% and 4% nickel.

Figure 3 illustrates the drilling results of the Langmuir No. 2 Mine - North Zone. Starting at the top of Figure 3 is the skyline down to 285m elevation. Below the skyline is the narrow layer of unconsolidated overburden followed by the main section of the nickel mineralization halo of the North Zone. Also of note is the underground development of the former producing Langmuir No. 2 located in the bottom left side of Figure 3.

The diamond drilling at the Langmuir No.2 Mine - North Zone has indicated a long and broad nickel bearing mineralization zone containing 3 possible distinct komatiitic extrusive flows in a paleo-topographic depression with the higher-grade mineralization generally located in the basal flow but also located in the middle and upper flows. The majority of the drilling was concentrated to a depth of 100m below surface on approximately 25m centers. The deepest intersection was at a vertical depth of 230 m below surface with the pierce point of the zone at a depth of 150m.

Due to the continuation of the mineralization at depth and the potential for continued mineralization extending to the northeast of the identified mineralization, the Company plans to initiate a deep drilling program at the Langmuir No. 2 - North Zone by the end of the summer and continue exploration drilling along the northeast extension.

With the current land position and boundaries, the mineralization identified in the North Zone could be accessed by open pit to a depth of 200m with deeper mineralization accessed via ramp.

The Langmuir No. 1 Mine & Surrounding Area: Drilling activity during 2007 has focused on the area surrounding the potential zones earlier mined by the historic Langmuir No. 1 mine. That area was accessed by a spiral ramp completed in the early 1990's. Presently, the areas targeted in the vicinity of the No. 1 mine are referred to as the West, Central and East Zones around the area previously drilled. As of June 30, 2007, the Company has completed 66 diamond drill holes (over 15,000m) with 37 holes received back from the lab and reported.

In regard to that zone, in the technical report filed February 19, 2007 by Kian Jensen, B.Sc., P.Geo., the Company noted the following:

"The diamond drilling at the Langmuir No.1 Mine has indicated and confirmed historical drilling results of high-grade nickel mineralization in the East Zone. Due to the underground development and locations of the mined stopes, the Centre and West Zones have not been intersected in these drilling programs. The East Zone is located in the basal talcose ultramafic komatiites in contact with the underlying intermediate to mafic metavolcanics. A high-grade nickel bearing massive sulphide zone within the intermediate to mafic metavolcanics has been intersected in several of Inspiration's drill holes. Historically, the East Zone was approximately 400 feet long but with limited sampling indicated narrow widths. Inspiration's drilling has been concentrated in the northern portion and down plunge of the East Zone below the 315-foot mine level to a vertical depth of approximately 825 feet below surface. The current sampling practice of Inspiration has identified a broad halo zone of greater than 0.20% Ni with several higher grade intersections greater than 2.0% Ni exceeding 20 metres in true width."

The current drilling activity, which has occurred from January 1, 2007 through June 30, 2007, is focused on defining the mineralization extending out from the ramp from which past production occurred. Step-out drilling, as well as in-fill drilling, continues as the total length and depth of the mineralization has not yet been identified.

Though the detail in-fill drill program is ongoing (which was designed to outline the nickel bearing mineralization below the 315-foot mine level to a vertical depth of approximately 900-foot level, the mineralization zone remains open at depth and at length. Additional step-out holes to the north and south are ongoing to attempt to define the limits of the East Zone mineralization. Definition drilling between the 900-foot level and the 1,200-foot level and deep drilling below the 1,200-foot level is also ongoing to attempt to define the limits at depth.

Due to the encouraging drill results to date, the Company has commenced with the permitting processes for the dewatering of the Langmuir No. 1 Mine. Depending on the permitting process and the completion of the closure plan required for the advance exploration at the Langmuir No.1 Mine, the Company intends to begin dewatering as soon as possible, which could be as early as October 2007. The underground exploration activities are designed to continue outlining the nickel mineralization for a mineral resource calculation, extend the existing ramp to the 425 foot level, begin underground drilling via the ramp, and allow for a bulk sample of the nickel mineralization estimated to begin as soon as dewatering is complete.

The establishment of the grid and geophysical survey on the entire Langmuir Property began in July 2007 and should be completed in late September 2007. A soil geochemical survey (MMI equals Mobile Metal Ion geochemical assaying technique) commenced in late July 2007 with estimated completion in late September 2007.

Geological mapping and evaluating the geophysical and geochemical anomalies will be done in September to early October 2007 with diamond drill target selection and testing on an on-going basis from October to December 2007. Significant nickel mineralization located will be evaluated for economic feasibility with a detail diamond drilling program commencing in early 2008.

Exploration

Four of the seven basal till nickel geochemical anomalies have had single drill holes by the Company, while the rest are untested. Limited information is available on the results from historical diamond drilling.

Based on the recommendation of Kian Jensen, B.Sc., P.Geo, the Company plans additional diamond drilling to evaluate the seven basal till nickel geochemical anomalies and follow up drilling on historical nickel mineralization intersected by either Noranda or INCO as well as the following steps:

- Continuation of the definition diamond drilling at the Langmuir No.1 Mine.

- Establish a diamond drilling grid at the Langmuir No.1 Mine.

- Commence an exploration diamond drilling program to evaluated the seven historical basal till nickel geochemical anomalies.

- A minimum of 10 samples from each zone across the strike length and down dip should be collected for bulk density test work to compliment the current specific gravity database.

- Initial metallurgical work for Langmuir No.1 Mine and Langmuir No.2 Mine - North Zone.

The main objectives for the Company during 2007 and 2008 are to continue outlining the known nickel mineralization at the Langmuir No.2 Mine - North Zone and the Langmuir No.1 Mine and to locate other sources of nickel mineralization in one of several horizons with the largest covering a strike length of approximately 5 km.