Cleaver and Douglas
posted on
Aug 28, 2008 02:46PM
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.
So what do we know about the newer properties?
I do know that from looking at the last financials there was money spent in one of these areas in that last reported quarter
April 21, 2008 - 2:14 PM EDT |
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Inspiration Announces Allen Mann as Director of Operations
Inspiration Mining Corporation (the "Corporation") (TSX: ISM)(FRANKFURT: OI8) is pleased to announce that Allen Mann has joined the Executive Management team of the Corporation. Mr. Mann will be responsible for the expansion and development of operations at its Langmuir property near Timmins, Ontario as well as its expanded exploration activity at the recently acquired Cleaver and Douglas properties. Allen Mann is Chairman and one of the principal owners of TriDimension Energy, a substantial Dallas-based oil and gas company. He is also a principal owner, Director and/or President of various other entities with resource investments, including timber, oil, gas, and mining assets. Mr. Mann is a licensed attorney and Certified Public Accountant in the State of Texas since the early 1980s. He received both his undergraduate and law degree from SMU. The Corporation is a public junior mining company exploring for nickel deposits on its Langmuir property near Timmins, Ontario, as well as gold-copper on the Barton Syndicate Dry Fork property in Utah. Three Months Three Months Nine Months Nine Months Cumulative Ended Ended Ended Ended from date of June 30, June 30, June 30, June 30, inception 2008 2007 2008 2007 of project Cleaver Property, Ontario, Canada Balance, beginning of period $ 475,495$ - $ 98,000 $ - $ - Acquisition costs 90,000 - 150,000 - 188,000 Core cutting and maintenance 54,000 - 269,235 - 269,235 Mapping and surveying 9,000 - 167,885 - 167,885 Travel - - 3,375 - 3,375 Advance - - (60,000) - - Total expenditures during the period 153,000 - 530,495 - 628,495 Balance, end of period $ 628,495$ - $ 628,495 $ - $ 628,495 Douglas Property, Ontario, Canada Balance, beginning of period $ 50,228$ - $ 50,228 $ - $ - Acquisition costs - - - - 10,000 Core cutting and maintenance - - - - 21,420 Mapping and surveying - - - - 18,808 Total expenditures during the period - - - - 50,228 Balance, end of period $ 50,228$ - $ 50,228 $ - $ 50,228 |
Also this snippet from the MD&A
The company has engaged Geotech Ltd of Aurora, Ontario to complete an airborne electromagnetic VTEM and magneti csurveys coverage of the Langmuir, Cleaver and Douglas properties. This survey will be completed in the 4t
h quarter.