Shall we re-read the news from November 17th? It's an expectation or anticipation made by the company and now stated publically in a NR of completion by mid December. So a couple things can be happening here. Micon has let them down just like us. We all await Micon to complete. Or ISM has it in their hands as it is now complete and we are seeing the company go though it for their first time just as we would be. I would think i9t is not something the company can sit on for very long once they do have a completed report delivered to their possession do you?
So firstly I would be looking to Micon for reason/s to why we have not seen this report yet. IMHO
| November 17, 2009 - 9:56 AM EST |
|
|
Update on the 43-101 Resource Estimate Report Amendment to Warrant Exercise Price
TORONTO, ONTARIO, Nov. 17, 2009 (Marketwire) -- Inspiration Mining Corporation ("Inspiration" or the "Corporation")(TSX:ISM)(FRANKFURT:OI8) is pleased to provide an update with respect to its 43-101 report being prepared by Micon International.
Further to its press release of May 16, 2008, the Corporation commissioned Micon International of Toronto, Ontario, Canada to prepare a mineral resource estimate and technical report on its Langmuir property. Details of the work undertaken by Micon International can be found in the Corporation's press release of May 16, 2008.
It is anticipated that the report will be completed by Micon by mid-December 2009. The delay in completing the report was a result of the Corporation undertaking additional fieldwork to ascertain the strike and depth extension of the mineralization. In addition, the updated 43-101 report, which was prepared by Kian Jensen, was delayed which had an impact on the ability of Micon to complete its report.
Mr. Randy Miller, the President and Chief Executive Officer of the Corporation, stated "We are excited that this process is nearing its completion. We believe that the report will provide the impetus for the Corporation to bring the Langmuir property to the next level."
|
