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: Langmuir or Metal Mines
Something to keep in mind as we move forward is a re-read of an old release that talked about the Langmuir project. Lump in the fact that we now have the Micon report and it's follow up exploration/drilling recommendations in hand today.
Bringing Langmuir "to the next stage" will be interesting to watch and as a shareholder in ISM, I look forward to seeing the spin out materialize come to fruition. IMHO
| October 6, 2009 - 9:30 AM EDT |
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Inspiration Files Updated NI 43-101 Report on Its Langmuir Property
TORONTO, ONTARIO, Oct. 6, 2009 (Marketwire) -- TORONTO, ONTARIO -- (Marketwire) -- 10/06/09 -- Inspiration Mining Corporation (the "Corporation") (TSX: ISM)(FRANKFURT: OI8) is pleased to announce that an updated NI 43-101 Report on its Langmuir Property, entitled "Technical Report of the Langmuir Property, Shaw Dome Area, NTS 42N/06 In Langmuir Township, Procupine Mining Division, District of Cochrane, Ontario Canada" (the "Report"), is now available for viewing on the SEDAR website (www.sedar.com) under the Corporation's profile. The Report, dated as of September 1, 2009, was prepared by Kian A Jensen, B.Sc., P.Geo. and summarizes the results of the Corporation's activity on the Langmuir Property. The Report provides a summary of the geophysical, geological, geochemical, and drilling results. The Report will be used in the preparation of a resource report, which is being prepared by Micon International Ltd., of Toronto. Drilling on the Langmuir Property was distributed among the multiple exploration targets and the two previously mined areas known as the Langmuir No. 1 and Langmuir No. 2 North Zone target areas. Of the total 89,000 meters of drilling, 34,000 meters was directed to Langmuir No.1, 34,000 meters to Langmuir No.2 North Zone, and 21,000 meters to several newly discovered exploration targets. Multiple exploration targets, which were generated by geochemical and geophysical surveys, have been drilled on a preliminary basis, with many remaining to be drill tested. Those drilled to date have yielded wide zones of low-grade nickel mineralization which require additional exploration. The Corporation is evaluating its options for possible underground exploration of the previously mined and partially developed Langmuir No.1 zone and has continued its program of environmental monitoring and evaluation in that area. Strengthening nickel markets in recent months may provide an impetus to accelerate this program. Randy Miller, President of the Corporation, stated "We are excited with the progress of the Langmuir Property and the updated 43-101 report which provides a basis from which the Corporation can build upon. The Report also provides the foundation from which the Corporation can continue to develop and prove the Langmuir Property as a significant nickel deposit." The Qualified Person who prepared the technical data in this release is Stewart Jackson, Ph D, P. Geol.
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