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.

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Message: Something to read while we await an AGM

Something to read while we await an AGM

posted on Jun 10, 2008 06:17AM

From the ISM website. http://www.inspirationmining.com/exp...

Wonder when we shall see results from any "deep drilling" efforts?

"History of Property
The potential of the minerals was first tested in 1959. From 1970 through 1978, a small independent mining concern sank a shaft on the site known as Langmuir #2 to an approximate depth of 445 meters. That mining operation produced approximately 1,250,000 tons of ore averaging 1.45% nickel. In 1976, Noranda-INCO Joint Venture completed a ramp to approximately 230 feet to the deposit and calculated resources of approximately 164,000 tons grading 2.1% nickel. In 1990 to 1991, Timmins Nickel Incorporated, a small independent mining concern, completed a ramp to a 400-foot depth with 3 levels of development from which they mined approximately 111,500 tons of ore grading 1.74% nickel. They also calculated remaining inferred resources at approximately 125,000 tons with an average grade of 2.21% nickel.

Two other locations, designated Langmuir North and Langmuir South, were also tested. Langmuir North is calculated as having approximately 450,000 tons of inferred resources averaging 1.20% nickel and Langmuir South is estimated as having approximately 180,000 tons of inferred resources averaging 1.5% nickel. In 1991, Timmins Nickel Incorporated became bankrupt because of depressed nickel market and abandoned the claims. In 1998 the present chain of ownership then reclaimed those claims.

Past Operations
In summary, total production from the claims has been approximately 1,361,111 tons of ore with an average grade of 1.47% nickel. Inferred reserves are estimated at slightly over 1,000,000 tons with an average grade of 1.55% nickel. Extraction of this reserve was largely completed before reliable and affordable assaying procedures were available for platinum group elements. Consequently, the distribution in detail of these metals was not determined.

Explored Potential
Even though production has occurred and a number of test holes have been drilled, significant portions of the 864 hectares of the claims have yet to be tested. Historically, even those tests did not include assays for the platinum group elements, which are now known to be present. Even more interesting, what testing and extraction that did occur was relatively near the surface (generally no deeper than 75 meters, with only one going to the depth of 450 meters. As noted, deposits of this area are classified as Kambalda-type (See Footnote 1 above). That experience, combined with nearby recoveries in the Timmins district, indicates recoveries could go as deep as over 3,000 meters.

Apart from the locations previously mined or physically tested, several geophysical anomalies have been located from geophysical work carried out recently on the properties. The expected nickel target size for this type of disseminated nickel sulphide body is in the order of 1-1.5 million tons grading 1.5 -2.5% nickel and 3-6 grams per ton platinum group elements. Massive sulphides grade 12% nickel; disseminated sulphides grading possibly as high as 4.5% nickel, present a very attractive exploration target. There is sufficient exploration potential on the property to cover several million-ton targets.

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