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: Micon and their 43-101

Micon and their 43-101

posted on Jan 16, 2009 08:03AM

I assume most people put more faith in a bullboard posting than actual company documents. So I was surprised to review the Annual Information Report that was released before year end. I think Whaler already discussed the number of samples that will be re-assayed at alomost 10,000!

On page 12 it states that the Micon report will be based on the "current diamond drilling results and the results of the re-assaying". I wonder if they were half done the report when the re-assays came back with more information. It does say the re-assaying was to check for nickel (again) copper, gold, platinum, palladium and specific gravity.

We saw how long it takes to get an assay done already, but to wait for more re-assayed values? Could those not take as long, especially if the re-assaying is to include more minerals? Lets face it 10,000 re-assayed samples is more than what most junior companies assay for in an entire year of drilling.

So while I leaned toward the misled about the long delay of Micon's 43-101, I now wonder if there is good reason for the delay. Remember folks this is Micon's 43-101 for Inspiration. Not just Inspirations 43-101. Still would like to see the report by PDAC. Pretty please.

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