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.
Message: Inspiration Intersects 0.650% Ni Over 19.07m or 62.56ft Containing 1.110% Ni Ove
Feb 20, 2008 10:30 ET
Inspiration Intersects 0.650% Ni Over 19.07m or 62.56ft Containing 1.110% Ni Over 6.01m or 19.72ft and 0.798% Ni Over 11.39m or 37.36ft Containing 1.015% Ni Over 8.00m or 26.25ft (True Width)
TORONTO, ONTARIO--(Marketwire - Feb. 20, 2008) - 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 holes LN06-65 to LN06-69 were drilled on the same section, which is approximately 25 metres north of previously released drill holes LN06-44 to LN06-48. The holes are approximately 20 metres apart with holes LN07-68 and LN07-69 at the same setup.
Drill holes LN07-70 and LN07-71, which are approximately 25 metres apart, were drill approximately 25 metres north of previously released drill holes LN07-66 and LN07-67, respectively, and approximately 25 metres south of previously released drill holes LN06-62 and LN06-61, respectively, and up dip from previously released drill holes LN06-42 and LN06-43.
The following assay results for drill holes LN07-65 to LN07-71 at the Langmuir No.2 Mine - North Zone have been received, compiled and condensed to the following:
Drill holes LN07-65 and LN07-66 did not intersect the upper zone due to thicker overburden than elsewhere on the property. Hole LN07-65 ended in the nickel mineralized zone and will be extended in the near future.
Drill hole LN07-67 intersected the two zones of mineralization; however the lower zone was narrower than expected due to two felsic dykes from 76.68m to 80.59m and from 86.38m to 95.57m (core lengths).
Drill holes LN07-68 and LN07-69 intersected the two zones of mineralization, however the lower zone were narrower than expected due to a felsic dyke from 108.57m to 117.57m and from 116.92m to 127.57m (core length), respectively.
Drill holes LN07-70 and LN07-71 are located approximately 38 metres and 19 metres up dip from previously released drill holes LN06-42. It appears that LN07-71 intersected lower grade nickel mineralization below the plunge of the higher grade nickel mineralization.
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).
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:
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Drill Hole Grid Grid Dip Surveyed Section Section Length
Northing Easting Azimuth Northing Easting (m)
(metres) (metres) (Geodetic) (metres) (metres)
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LN07-65 3112.13 1859.37 -52.34 300.12 3624.86 54.19 52.98
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LN07-66 3100.91 1877.91 -49.88 300.03 3624.42 75.86 78.86
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LN07-67 3090.24 1894.94 -50.20 300.43 3623.70 95.94 107.21
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LN07-68 3078.67 1914.10 -50.00 303.33 3623.26 118.32 158.09
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LN07-69 3078.51 1914.46 -61.21 300.88 3623.29 118.72 183.70
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LN07-70 3121.80 1889.45 -49.30 300.35 3648.28 75.41 86.08
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LN07-71 3110.39 1910.51 -50.34 298.25 3648.93 99.35 106.91
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Drill holes LN06-65 to LN06-69 were drilled on the same section, which is approximately 25 metres north of previously released drill holes LN06-44 to LN06-48. The holes are approximately 20 metres apart with holes LN07-68 and LN07-69 at the same setup.
Drill holes LN07-70 and LN07-71, which are approximately 25 metres apart, were drill approximately 25 metres north of previously released drill holes LN07-66 and LN07-67, respectively, and approximately 25 metres south of previously released drill holes LN06-62 and LN06-61, respectively, and up dip from previously released drill holes LN06-42 and LN06-43.
The following assay results for drill holes LN07-65 to LN07-71 at the Langmuir No.2 Mine - North Zone have been received, compiled and condensed to the following:
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Drill Hole From To Core True Core True Weighted
(m) (m) Length Width Length Width Average
(m) (m) (ft) (ft) Ni(%)
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LN07-65 41.60 52.98 11.38 9.32 37.34 30.58 0.350
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and contains
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50.00 52.00 2.00 1.64 6.56 5.38 0.477
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LN07-66 52.90 75.65 22.75 19.07 74.64 62.56 0.650
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and contains
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56.70 63.87 7.17 6.01 23.52 19.72 1.110
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or 61.10 63.87 2.77 2.32 9.09 7.61 1.390
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and contains
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73.00 75.65 2.65 2.22 8.69 7.28 0.353
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LN07-67 34.00 52.67 18.67 15.48 61.25 50.79 0.271
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and contains 49.00 51.00 2.00 1.66 6.56 5.45 0.618
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and
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80.59 86.00 5.41 4.49 17.75 14.73 1.004
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LN07-68 70.00 78.00 8.00 6.63 26.25 21.75 0.405
and
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97.00 108.57 11.57 9.59 37.96 31.46 0.635
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and contains
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97.34 99.17 1.83 1.52 6.00 4.99 0.931
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101.10 103.63 2.53 2.10 8.30 6.89 0.726
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105.00 107.96 2.96 2.45 9.71 8.04 0.751
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LN07-69 69.31 92.00 22.69 16.04 74.44 52.62 0.331
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containing 69.81 79.00 9.19 6.50 30.15 21.33 0.448
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and
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101.00 117.10 16.10 11.39 52.82 37.36 0.798
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and contains
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103.00 114.32 11.32 8.00 37.14 26.25 1.015
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with 104.00 106.00 2.00 1.41 6.56 4.63 1.303
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and 107.00 115.00 8.00 5.65 26.25 18.55 1.081
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or 108.00 111.00 3.00 2.12 9.84 6.96 1.423
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LN07-70 19.52 52.88 33.36 27.66 109.45 90.75 0.421
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and contains
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21.90 34.57 12.67 10.50 41.57 34.45 0.561
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or 21.90 25.90 4.00 3.32 13.12 10.89 0.843
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and 34.64 52.88 18.24 15.12 59.84 49.61 0.351
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and
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67.04 72.65 5.61 4.65 18.41 15.26 0.485
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or 68.04 70.42 2.38 1.97 7.81 6.46 0.818
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LN07-71 50.00 81.00 31.00 25.42 101.71 83.40 0.274
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and contains
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50.00 58.00 8.00 6.55 26.25 21.49 0.297
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56.00 58.00 2.00 1.64 6.56 5.38 0.580
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60.17 66.00 5.83 4.78 19.13 15.68 0.369
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66.00 81.00 15.00 12.29 49.21 40.32 0.233
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and
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89.00 92.87 3.87 3.17 12.70 10.40 0.618
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or 89.00 92.00 3.00 2.46 9.84 8.07 0.730
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Drill holes LN07-65 and LN07-66 did not intersect the upper zone due to thicker overburden than elsewhere on the property. Hole LN07-65 ended in the nickel mineralized zone and will be extended in the near future.
Drill hole LN07-67 intersected the two zones of mineralization; however the lower zone was narrower than expected due to two felsic dykes from 76.68m to 80.59m and from 86.38m to 95.57m (core lengths).
Drill holes LN07-68 and LN07-69 intersected the two zones of mineralization, however the lower zone were narrower than expected due to a felsic dyke from 108.57m to 117.57m and from 116.92m to 127.57m (core length), respectively.
Drill holes LN07-70 and LN07-71 are located approximately 38 metres and 19 metres up dip from previously released drill holes LN06-42. It appears that LN07-71 intersected lower grade nickel mineralization below the plunge of the higher grade nickel mineralization.
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.
For more information, please contact
Inspiration Mining CorporationRandy Miller
President
(905) 853-7400
Website: www.inspirationmining.com
or
For Investor Relations call:
Gale Capital Corporation
(604) 221-7604
(604) 221-7606 (FAX)
Email: galecapital@shaw.ca
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