TORONTO, ONTARIO, Feb 14, 2008 (MARKET WIRE via COMTEX News Network) -- Inspiration Mining Corporation (the "Corporation") (TSX: ISM)(FRANKFURT: OI8) is pleased to announce the results of the continuation of their diamond drilling program on its Langmuir Project, located in Langmuir Township south of Timmins, Ontario. The Langmuir Property consists of 69 unpatented contiguous mining claim units covering approximately 1090 hectares in the north-central portion of Langmuir Township, Porcupine Mining Division, and District of Cochrane, Ontario. The property is approximately 25 km southeast of Timmins, Ontario, and hosts the past producing Langmuir No.1 Mine, and majority of the past producing Langmuir No. 2 Mine.
Inspiration is continuing the drilling at the Langmuir Project - Langmuir No.2 Mine - North Zone. The detail fill-in drill program is designed to complete the definition of the nickel bearing mineralization to the 100 metre level.
The following table indicates the drill information for the North Zone drill holes: --------------------------------------------------------------------------- Drill Hole Grid Grid Dip Azimuth Section Section Length Northing Easting (Geodetic) Northing Easting (m) (metres) (metres) (metres) (metres) --------------------------------------------------------------------------- LN06-61 3130.61 1920.83 -50.12 299.10 3671.60 98.18 107.00 --------------------------------------------------------------------------- LN06-62 3140.98 1902.36 -48.84 300.57 3671.35 77.00 80.00 --------------------------------------------------------------------------- LN06-63 3223.78 1960.72 -49.97 304.75 3772.24 86.14 110.00 --------------------------------------------------------------------------- LN07-64 3122.98 1994.19 -48.82 296.17 3701.67 165.53 199.90 ---------------------------------------------------------------------------
Drill holes LN06-61 and LN06-62 were drill up-dip from previously released drill holes LN05-11 and LN06-60, approximately 48 metres and 69 metres to the west of LN06-60, respectively.
Drill hole LN06-63 was located approximately 43 metres west of previously released hole LN05-10 and approximately 9.5 metres east and 1.7 metres north of previously released drill holes LN05-19 and LN05-20. The nickel mineralization is located approximately 38 metres up-dip from LN05-10 and completes the detail fill-in drilling void between LN05-10, LN05-19 and LN05-20.
Drill hole LN07-64 is located approximately 21 metres east of previously released drill hole LN06-52 and approximately 29 metres west and 11 metres north of previously released drill hole LN05-2. The large nickel mineralization zone from 93.00 metres to 169.95 metres (core length) in LN07-64 is approximately 11 metres down-dip and 26 metres up-dip, with respect to LN06-52 and LN05-2.
The following assay results for drill holes LN06-61 to LN06-63 and LN07-64 at the Langmuir No.2 Mine - North Zone have been received, compiled and condensed to the following: -------------------------------------------------------------------------- Drill Hole From To Core True Core True Weighted (m) (m) Length Width Length Width Average (m) (m) (ft) (ft) Ni (%) -------------------------------------------------------------------------- -------------------------------------------------------------------------- LN06-61 35.54 75.20 39.66 32.88 130.12 107.87 0.339 ------------------------------------------------------------ and contains -------------------------------------------------------------------------- 50.00 68.00 18.00 14.92 59.06 48.95 0.409 -------------------------------------------------------------------------- with 52.00 57.85 5.85 4.91 19.19 16.11 0.374 -------------------------------------------------------------------------- and 62.00 67.00 5.00 4.15 16.40 13.62 0.561 -------------------------------------------------------------------------- -------------------------------------------------------------------------- LN06-62 25.70 70.76 45.06 38.21 147.83 125.36 0.262 ------------------------------------------------------------ and contains -------------------------------------------------------------------------- 25.70 40.66 14.96 12.69 49.08 41.63 0.298 -------------------------------------------------------------------------- or 28.00 30.75 2.75 2.33 9.02 7.64 0.461 -------------------------------------------------------------------------- and contains 55.00 61.63 6.63 5.62 21.75 18.44 0.362 -------------------------------------------------------------------------- -------------------------------------------------------------------------- LN06-63 10.27 42.80 32.53 27.28 106.73 89.50 0.227 ------------------------------------------------------------ and -------------------------------------------------------------------------- 54.50 83.68 29.18 24.47 95.73 80.28 0.558 -------------------------------------------------------------------------- and contains -------------------------------------------------------------------------- 56.36 61.64 5.28 4.43 17.32 14.53 0.942 -------------------------------------------------------------------------- with 57.20 58.00 0.80 0.67 2.62 2.20 1.090 -------------------------------------------------------------------------- and 58.64 59.29 0.65 0.55 2.13 1.80 2.660 -------------------------------------------------------------------------- and contains -------------------------------------------------------------------------- 76.87 83.68 6.81 5.71 22.34 18.73 0.932 -------------------------------------------------------------------------- containing 76.87 79.00 2.13 1.79 6.99 5.87 1.263 -------------------------------------------------------------------------- and 80.24 83.68 3.44 2.89 11.29 9.48 0.970 -------------------------------------------------------------------------- with 82.00 83.22 1.22 1.02 4.00 3.35 1.685 -------------------------------------------------------------------------- or 82.81 83.22 0.41 0.34 1.35 1.12 3.600 -------------------------------------------------------------------------- and -------------------------------------------------------------------------- 85.89 106.10 20.21 16.95 66.31 55.61 0.257 -------------------------------------------------------------------------- -------------------------------------------------------------------------- LN07-64 74.00 86.35 12.35 10.70 40.52 35.09 0.245 ------------------------------------------------------------ and -------------------------------------------------------------------------- 93.00 169.95 76.95 66.64 252.46 218.63 0.283 -------------------------------------------------------------------------- and contains -------------------------------------------------------------------------- 95.00 124.10 29.10 25.20 95.47 82.68 0.262 -------------------------------------------------------------------------- and 127.86 169.95 42.09 36.45 138.09 119.58 0.317 -------------------------------------------------------------------------- containing 137.00 159.00 22.00 19.03 72.18 62.43 0.369 -------------------------------------------------------------------------- or 140.00 144.00 4.00 3.46 13.12 11.35 0.511 --------------------------------------------------------------------------
The nickel bearing sulphide mineralization, with estimations ranging from 1% to 20% fine-grained disseminatations up to massive 100% sulphides, is contained within serpentenized komatiitic ultramaftic extrusive flows with occasional spinifex texture.
The assaying technique used is the industry standard for base metal assaying, which uses nitric and hydrochloric acids that extracts nickel only from sulphide mineralization and not from nickel silicate minerals.
The assaying of split core samples was conducted by Swastika Laboratories, and included the insertion of blanks and standards. The Qualified Person in charge of the Langmuir Project and the person who prepared the technical data in this release is Kian Jensen, B.Sc., P.Geo. (Ont).
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Inspiration Mining Corporation Randy Miller President (905) 853-7400 Website: www.inspirationmining.com For Investor Relations call: Gale Capital Corporation (604) 221-7604 (604) 221-7606 (FAX) Email: galecapital@shaw.ca
SOURCE: Inspiration Mining Corporation
http://www.inspirationmining.com mailto:galecapital@shaw.ca
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