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.

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Message: MD&A Performance summary revisited

MD&A Performance summary revisited

posted on Oct 20, 2008 05:08PM

I am going to get a better table in the photo section and then throw it on here later for the tables 1 and 2. Buxom might find info like this handy ( 126 holes on LN alone)

Performance Summary

The main focus of Inspiration Mining Corporation in the Timmins Area was completion of the definition diamond drilling at the Langmuir No.1 Mine site and the Langmuir North Zone along with advancing the projects to the next evaluation level. That evaluation includes consolidating results in the form of NI 43-101 resource estimations and metallurgical analysis. Work has also included towards converting the Langmuir mineral claims into leasing surface and mining rights. Discussions with the First Nations have been opened. Additionally, environmental permitting work is underway. Preparations and applying for Advance Exploration status with the Ministry of Northern Development and Mines.

In that regard, the Company has engaged Micon International Ltd. of Toronto, Ontario to commence analysis for NI 43-101 resource estimation of the nickel mineralization at both the Langmuir North Zone and Langmuir No.1 Mine.

SGS Mineral Services of Lakefield, Ontario has been contracted to complete metallurgical analysis of the nickel mineralization zones encountered at the North Zone and Langmuir No.1 Mine.

Inspiration submitted a request to the Ministry of Northern Development and Mines for the leasing of the mining and surface rights and has contracted Sutcliffe Rody Quesnel Inc., Ontario Land Surveyors, of Timmins, Ontario to conduct the necessary land surveys for the leasing process.

The company has commenced the process of applying for Advance Exploration status with the Ministry of Northern Development and Mines for the Langmuir No.1 Mine site. This process involves governmental filings for various environmental permits and constructive discussions with representative of the First Nations in the Timmins area. Inspiration has engaged Blue Heron Solutions for Environmental Management Inc. of Timmins to assist in the permitting process. AMEC Earth and Environmental, Sudbury, Ontario office, has also been engaged to provide technical services for environmental baseline and groundwater studies, in addition to completing specific permit applications such as a Permit To Take Water for dewatering activities associated with the Langmuir No. 1 Mine.

The company has engaged Geotech Ltd of Aurora, Ontario to complete an airborne electromagnetic VTEM and magnetic surveys coverage of the Langmuir, Cleaver and Douglas properties. This survey will be completed in the 4

th quarter. An evaluation will be done of the survey results and correlated with ground geophysical surveys and geochemical soil surveys. Target selection will commence for follow-up exploration diamond drilling. st and 2nd quarters were received and integrated into the property database and correlation has begun with the results of the geophysical surveys. The company has commenced an exploration diamond drill program to evaluate several of the high nickel, copper, colbalt and zinc anomalies located on the Langmuir Property. This evaluation is expected to continue until late summer or early fall. th fiscal quarter. Upon completion of the geophysical survey, an exploration diamond drill program will commence to evaluate the geophysical targets. In addition, during the 4th quarter an evaluation will be commenced of several of the copper, nickel, lead, zinc and molybdenum geochemical soil anomalies. Mineralized showings will be sampled and evaluated for possible future diamond drilling. Mine and the North Zone areas. The third drill capable of drill lengths to 1,500 meters has been employed at both nickel mineralization areas. rd quarter, the corporation completed 5 drill holes on the Langmuir No.1 and 14 exploration drill holes to evaluate geophysical and geochemical anomalies. Table 1 indicates the diamond drilling totals for the various projects on the Langmuir Property.

The geo-technical support for the Langmuir project is being provided locally, such as the down-hole 3 directional surveying conducted by Reflex Instrument North America of Porcupine, Ontario; the geodetic collar locations surveyed by Talbot Engineering Services of Timmins, Ontario; surface water sampling by BZ Environmental Consulting of Timmins; and diamond drill core sample analysis by Swastika Laboratories Ltd. of Swastika, Ontario.

The combination of 3076 soil samples, 61 humus samples and 80 biogeochemical samples on the Langmuir property and the Douglas property from July 22 to November 9, 2007, have been submitted for geochemical analysis.

The geochemical enzyme leach soil analysis conducted on the Langmuir property and Douglas property during the 1

The Douglas Property option will be geologically mapped during the Company’s 4

During this quarter, the corporation has utilized three diamond drills on the Langmuir Property. The two smaller drills capable of drill lengths to 600 metres have been used to complete the shallow infill drilling and to evaluating the nickel mineralization below the 300 metre level at the Langmuir No.1 Mine and exploration targets outside of the Langmuir No.1

During the 3

Table 1: 3

rd Quarter Diamond Drilling Totals from April 1 to June 30, 2008.

Location

Drill Program

Commencement

Drill Program

Completion Drill Holes Core Size

Total

Footage (m) Total Samples

Langmuir No. 1 Mine

1-Apr-2008 30-Jun-2008 5 NQ

2,616 2,034



1-Apr-2008 30-Jun-2008 - NQ

- -



13-Apr-2008 30-Jun-2008 14 NQ

5,246 2,888

Totals for Three Month Period 19 7,862 4,922

Table 2 summarizes the diamond drilling totals for the drilling programs completed on the various projects on the Langmuir Property from July 20, 2005 to June 30, 2008. The corporation has completed 275 drill holes totaling 65,718.56 metres.

Table 2: Diamond Drilling Totals for the Projects on the Langmuir Property.

Location

Drill Program

Commencement

Drill Program

Completion Core Size

Langmuir No. 1 Mine

11-Dec-05 11-Jan-06 6 BQ

1,053 511



NQ

2,827 2,114



NQ

24,143 11,780



NQ

4,720 2,337



NQ

2,616 2,034

123 35,359 18,776

Langmuir No. 2 - North Zone

20-Jul-05 8-Dec-05 22 BQ

3,741 2,923



NQ

4,754 2,979



NQ

5,459 2,049



NQ

7,096 4,200



NQ

- -

126 21,050 12,151

Langmuir South Zone

9-Jan-07 14-Feb-07 3 NQ

1,518 281

3 1,518 281

Langmuir Exploration

11-Dec-06 25-Apr-07 9 NQ

2,546 827



NQ

5,246 2888

23 7,792 3715

275 6 5,719 34,923

Total Samples

Totals for Langmuir No. 1 Mine

Totals for Langmuir No. 2 - North Zone

TOTALS FOR LANGMUIR PROJECT

Totals for Langmuir South Zone

Totals for Langmuir Exploration

Drill

Holes

Total Footage

(m)

Inspiration Mining Corporation is pleased to assist in the continuing education and training of the next generation of exploration geologists by offering work term experience to two University of Waterloo Co-op Earth Science students.

13-Apr-08 30-Jun-08 14

1-Apr-08 30-Jun-08 -

1-Jan-08 31-Mar-08 25

17-Sep-07 15-Dec-07 38

16-May-06 8-Dec-06 41

1-Apr-08 30-Jun-08 5

1-Jan-08 31-Mar-08 17

7-Jan-07 15-Dec-07 83

10-Oct-06 15-Dec-06 12

Langmuir Exploration

Langmuir No. 2 - North Zone

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