Micon International Commissioned for NI 43-101 Report
Inspiration Mining Corp. (the "Corporation") (TSX: ISM)(FRANKFURT: OI8) is pleased to announce it has commissioned Micon International of Toronto, Ontario, Canada to prepare a mineral resource estimate, a preliminary economic assessment (commonly referred to as a scoping study) and technical report on its Langmuir property. It is anticipated that the project will be undertaken in the following phases:
Phase I - Mineral resource estimates for Langmuir No. 1 in preparation of a bulk sample and mineral resource estimates for Langmuir No. 2. The mineral resource estimate will include Trend Analysis, Cut-Off Grade Estimates, Compositing, Bulk Density Review, Block Model Construction and Validation, and Open Pit Optimization for Langmuir No. 2.
Phase II - Preliminary economic assessments examining the potential economic viability of each zone of mineralization. This assessment will contemplate excavation of the mineralization at the Langmuir No.1 deposit by means of underground mining methods, and the excavation of the mineralization at the Langmuir No. 2 deposit by means of open pit mining methods. The results of the mineral resource estimates and preliminary economic assessment will be compiled in compliance with National Instrument 43-101.
Since 1959, the presence of nickel mineralization at the Langmuir property has been known with a small amount of production from the Langmuir No. 1 mine during the 1970-1978 period and again briefly during 1990-1991 using underground mining methods. Since 2005, Inspiration Mining has conducted an exploration and in-fill drilling program designed to identify the extension of the mineralization from the past producing zones at the Langmuir No. 1 deposit. At Langmuir No. 2, the Company has focused on the wide zones of mineralization extending from the past producing mine that may be exploited by means of open pit mining methods.
