Inspiration Intersects 1.553% Ni Over 16.93m or 55.55ft Including 5.891% Ni Over 3.81m or 12.49ft (True Width)
07 Octobre 2008 - 4:30PM
Marketwired Canada
Inspiration Mining Corporation (the "Corporation") (TSX:ISM)(FRANKFURT:OI8) is
pleased to announce the results of the continuation of their diamond drilling
program on its Langmuir Project, located in Langmuir Township south of Timmins,
Ontario. The Langmuir Property consists of 69 unpatented contiguous mining claim
units covering approximately 1090 hectares in the north-central portion of
Langmuir Township, Porcupine Mining Division, and District of Cochrane, Ontario.
The property is approximately 25km southeast of Timmins, Ontario, and hosts the
past producing Langmuir No.1 Mine, and majority of the past producing Langmuir
No.2 Mine.
Inspiration is continuing the drilling at the Langmuir Project - Langmuir No.1
Mine. The detail fill-in drill program is designed to complete the definition of
the nickel bearing mineralization below the 300-foot mine level to a vertical
depth of approximately 900 feet below surface.
The following table indicates the drill information for the Langmuir No.1 Mine
drill holes:
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Grid Grid Section Section
Northing Easting Azimuth Northing Easting Length
Drill Hole (metres) (metres) Dip (Geodetic) (feet) (feet) (m)
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L108-117 1298.38 2600.37 -68.24 306.37 3591.13 11446.71 900.22
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L108-118 1264.71 2253.67 -49.90 302.97 3300.46 10341.47 179.42
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L108-119 1330.90 2407.03 -51.66 305.87 3595.20 10803.49 272.94
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L108-120 1330.76 2407.28 -62.69 305.55 3594.88 10804.38 310.75
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L108-121 1300.81 2600.52 -56.00 295.38 3599.10 11445.95 728.66
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Drill holes L108-117 and L108-121 were located approximately 174 metres or 571
feet east of previously reported drill hole L107-65 to evaluate the down dip and
down plunge nickel mineralization. Two low grade zone were intersected and may
represent the halo beside higher grade nickel mineralization at a vertical depth
of 1260 feet and 1625 feet in hole L108-121 and 1525 feet and 2650 feet in hole
L108-117.
Drill hole L108-118 was located at previously reported drill holes L107-81 and
L107-82 and to fill-in a gap beneath the 315 foot level for the resource
estimations.
Drill holes L108-119 and L108-120 were located approximately 50 metres or 163
feet east of previously report drill holes L107-79 and L107-80. These holes were
designed to outline the extent of the mineralization above and below hole
L107-80. Several narrow nickel bearing zones were intersected in both drill
holes. The lower intersection in hole L108-120 was terminated by a felsic
intrusive dyke.
The following assay results for drill holes L108-117 to L108-121 at the former
Langmuir No.1 Mine have been received, compiled and condensed to the following:
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Core True Core True Weighted
From To Length Width Length Width Average
Drill Hole (m) (m) (m) (m) (ft) (ft) Ni(%)
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L108-117 500.00 505.00 5.00 3.21 16.40 10.54 0.255
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and
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874.35 900.22 25.87 17.97 84.88 58.96 0.255
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L108-118 90.00 99.40 9.40 7.51 30.84 24.63 0.436
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93.00 94.90 1.90 1.52 6.23 4.98 0.714
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and
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102.80 108.80 6.00 4.79 19.69 15.72 0.541
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102.80 103.80 1.00 0.80 3.28 2.62 1.850
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and
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114.80 136.00 21.20 16.93 69.55 55.55 1.553
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containing 123.00 136.00 13.00 10.24 42.65 33.61 2.355
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or 130.15 134.98 4.83 3.81 15.85 12.49 5.891
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and
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154.80 155.50 0.70 0.56 2.30 1.83 1.075
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and
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173.60 174.10 0.50 0.40 1.64 1.31 1.185
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L108-119 233.00 235.00 2.00 1.60 6.56 5.24 0.464
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and
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241.00 243.00 2.00 1.60 6.56 5.24 0.593
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and
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263.00 264.80 1.80 1.44 5.91 4.72 0.767
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containing 263.00 263.86 0.86 0.69 2.82 2.25 1.110
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L108-120 224.04 227.00 2.96 1.98 9.71 6.50 0.412
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and
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274.80 276.37 1.57 1.05 5.15 3.45 0.424
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L108-121 469.00 471.40 2.40 1.92 7.87 6.29 0.625
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and
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608.00 612.00 4.00 3.15 13.12 10.34 0.548
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The nickel bearing sulphide mineralization, with estimations ranging from 1% to
20% fine-grained disseminatations up to massive 100% sulphides, is contained
within serpentenized komatiitic ultramaftic extrusive flows with occasional
spinifex texture.
The assaying technique used is the industry standard for base metal assaying,
which uses nitric and hydrochloric acids that extracts nickel only from sulphide
mineralization and not from nickel silicate minerals.
The assaying of split core samples was conducted by Swastika Laboratories, and
included the insertion of blanks and standards. The Qualified Person in charge
of the Langmuir Project and the person who prepared the technical data in this
release is Kian Jensen, B.Sc., P.Geo.(Ont), who is an arm's length party
retained by the Company to carry out its exploration program on the Langmuir
Project.