INSPIRATION INTERSECTS 0.674% NI OVER 24.44M OR 80.18FT CONTAINING 1.091% NI OVE
posted on
Jan 08, 2009 06:57AM
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.
Inspiration Mining Corporation
Suite 1800, 130 King Street West, Toronto, Ontario M5X 1E3
Inspiration Intersects 0.674% Ni over 24.44m or 80.18ft containing 1.091% Ni over 7.98m or 26.18ft (True Width)
FOR IMMEDIATE RELEASE
Toronto, Ontario - Inspiration Mining Corporation (the “Corporation”) 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 25 km 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.2 Mine – North Zone. The detail fill-in drill program is designed to complete the definition of the nickel bearing mineralization. Several drill holes were terminated in nickel bearing mineralization and these drill holes have been extended.
The following table indicates the drill information for the North Zone drill holes:
Drill Hole |
Grid Northing (metres) |
Grid Easting (metres) |
Dip |
Azimuth (Geodetic) |
Section Northing (metres) |
Section Easting (metres) |
Length (m) |
LN08-124 |
3230.83 |
2001.64 |
-59.16 |
297.73 |
3798.80 |
118.06 |
199.82 |
LN08-125 |
3230.65 |
2002.02 |
-71.71 |
299.15 |
3798.83 |
118.47 |
203.45 |
LN08-126 |
3219.83 |
1970.06 |
-50.35 |
300.95 |
3773.49 |
96.21 |
169.89 |
Drill holes LN08-124 and LN08-125 were completed on Section 3800 North and below previously released drill holes LN06-30 and LN06-31 to follow up the down dip extension of higher grade nickel mineralization.
The intersections in LN08-124 range approximately from 97.55m to 115.12m vertically below surface while the intersections in LN08-125 ranges approximately from 155.02m to 174.53m. The intersection in LN08-125 is approximately 57.65m down dip from LN08-124.
Drill hole LN08-126 was completed on Section 3775 North to fill in a gap between previously released drill holes LN06-63 and LN05-10, which are stratigraphically approximately 10m above and 29m below LN08-126, respectively.
The above drill holes continue to confirm the presence of a higher-grade nickel bearing mineralization within the northern portion of the Langmuir No.2 North Zone.
The following revised assay results for drill holes LN08-124 to LN08-126, inclusively at the Langmuir No.2 Mine – North Zone have been received, compiled and condensed to the following:
Drill Hole |
From (m) |
To (m) |
Core Length (m) |
True Width (m) |
Core Length (ft) |
True Width (ft) |
Weighted Average Ni (%) |
LN08-124 |
|
115.20 |
154.00 |
38.80 |
28.38 |
127.30 |
93.11 |
0.462 |
and contains |
||||||||
|
116.30 |
125.56 |
9.26 |
6.77 |
30.38 |
22.21 |
0.872 |
|
|
119.05 |
122.70 |
3.65 |
2.67 |
11.98 |
8.76 |
1.004 |
|
|
123.53 |
125.56 |
2.03 |
1.48 |
6.66 |
4.86 |
1.146 |
|
|
129.70 |
137.08 |
7.38 |
5.40 |
24.21 |
17.72 |
0.720 |
|
|
132.27 |
134.33 |
2.06 |
1.51 |
6.76 |
4.95 |
0.972 |
|
|
146.83 |
152.03 |
5.20 |
3.80 |
17.06 |
12.47 |
0.439 |
LN08-125 |
|
138.80 |
193.85 |
55.05 |
29.98 |
180.61 |
98.36 |
0.390 |
and contains |
||||||||
|
161.29 |
184.84 |
23.55 |
12.83 |
77.26 |
42.09 |
0.634 |
|
or |
170.33 |
182.36 |
12.03 |
6.55 |
39.47 |
21.49 |
0.944 |
|
with |
170.33 |
171.82 |
1.49 |
0.81 |
4.89 |
2.66 |
2.222 |
|
and |
174.72 |
177.38 |
2.66 |
1.45 |
8.73 |
4.76 |
1.382 |
LN08-126 |
|
69.43 |
98.57 |
29.14 |
24.44 |
95.60 |
80.18 |
0.674 |
and contains |
||||||||
|
69.68 |
74.40 |
4.72 |
3.91 |
15.49 |
12.83 |
0.513 |
|
|
78.10 |
94.69 |
16.59 |
13.91 |
54.43 |
45.64 |
0.869 |
|
with |
85.17 |
94.69 |
9.52 |
7.98 |
31.23 |
26.18 |
1.091 |
|
or |
85.17 |
89.40 |
4.23 |
3.55 |
13.88 |
11.65 |
1.366 |
|
or |
85.17 |
86.15 |
0.98 |
0.82 |
3.22 |
2.69 |
2.455 |
|
and |
||||||||
|
101.88 |
112.50 |
10.62 |
8.91 |
34.84 |
29.23 |
0.328 |
|
|
101.88 |
106.23 |
4.35 |
3.65 |
14.27 |
11.98 |
0.424 |
|
and |
||||||||
|
119.00 |
123.45 |
4.45 |
3.73 |
14.60 |
12.24 |
0.596 |
|
|
122.75 |
123.45 |
0.70 |
0.58 |
2.30 |
1.90 |
1.940 |
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. (On), who is an arm's length party retained by the
Company to carry out its exploration program on the Langmuir Project.
For further information, please contact Randy Miller, President of the Company, at tel: 905.853.7400, www.inspirationmining.com
For Investor Relations call:
Gale Capital Corporation
Ph. 604.221.7604
Fax 604.221.7606
The TSX has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.