History time
posted on
May 12, 2008 08:16AM
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.
While I sit here and type to myself...........LOL
History on Langmuir from a 1990 News article. Ambition in the early 90's
Exploration confirms Langmuir ore body
Positive exploration by Timmins Nickel, Inc. at its Langmuir number one zone property has led to a decision to proceed to production.
Timmins Nickel president Stephen McIntype said the company feels the ore reserves and grades have been confirmed. "The priority right now is to add definition so we can start mining."
The property is located about 20 miles southeast of Timmins.
In the second of two underground drill holes completed as of early September, the company found an intersection of 40 feet of 3.44-per-cent nickel.
The intersection is nearly horizontal and is estimated to be nearly true width.
The first hole in the program recorded four feet of 2.78-per-cent nickel approximately 100 feet to the north.
McIntyre noted that the company is doing further confirmation work on the ore reserve.
Diamond drilling is continuing, with another 2,000 feet planned.
The drilling so far has confirmed and enhanced previous diamond drilling by Noranda which outlined a mineable reserve of 187,475 tons at a grade of 1.8-per-cent nickel.
In a telephone interview from Timmins Nickel's head office in Toronto, McIntyre said his company wanted to confirm the ore reserves indicated by Noranda data.
It sought to ensure there wasn't a "funny dip" in the ore body, he explained. "We're confident the reserves are the true width of the ore."
The ore zone slopes downward to the north, and McIntyre said there is a good chance of a continuation in that direction. He explained that the hypothesis is that, if exploration proceeds to the north and deeper, more ore could be found.
However, the possibility of further finds does not affect current decisions.
"We've got enough stuff to motivate what we're doing already," McIntyre said.
Success in this program is expected to enable Timmins Nickel to double its nickel production within six months.
"We have quite a feasible plan to double production right now," McIntyre said.
The Langmuir property would be a new mine which will employ about 30 people. It would produce about 500 tons per day.
Timmins Nickel recently completed de-watering of the Langmuir number one ramp which is within 250 feet of the ore zone.
McIntyre said the existence of a ramp is the reason why the deposit can be developed quickly.
The ramp was built in the mid-1970s as part of the exploration work by Noranda.
Timmins Nickel also operates the Redstone Nickel Mine about six miles away.
Timmins Nickel trades on the Toronto Stock Exchange under the symbol TMN."
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As you may know, here's our follow up info from the Inspiration website:
History of Property
The potential of the minerals was first tested in 1959. From 1970 through 1978, a small independent mining concern sank a shaft on the site known as Langmuir #2 to an approximate depth of 445 meters. That mining operation produced approximately 1,250,000 tons of ore averaging 1.45% nickel. In 1976, Noranda-INCO Joint Venture completed a ramp to approximately 230 feet to the deposit and calculated resources of approximately 164,000 tons grading 2.1% nickel. In 1990 to 1991, Timmins Nickel Incorporated, a small independent mining concern, completed a ramp to a 400-foot depth with 3 levels of development from which they mined approximately 111,500 tons of ore grading 1.74% nickel. They also calculated remaining inferred resources at approximately 125,000 tons with an average grade of 2.21% nickel.
Two other locations, designated Langmuir North and Langmuir South, were also tested. Langmuir North is calculated as having approximately 450,000 tons of inferred resources averaging 1.20% nickel and Langmuir South is estimated as having approximately 180,000 tons of inferred resources averaging 1.5% nickel. In 1991, Timmins Nickel Incorporated became bankrupt because of depressed nickel market and abandoned the claims. In 1998 the present chain of ownership then reclaimed those claims.
Past Operations
In summary, total production from the claims has been approximately 1,361,111 tons of ore with an average grade of 1.47% nickel. Inferred reserves are estimated at slightly over 1,000,000 tons with an average grade of 1.55% nickel. Extraction of this reserve was largely completed before reliable and affordable assaying procedures were available for platinum group elements. Consequently, the distribution in detail of these metals was not determined.