Inspiration Intersects 0.465% Ni Over 89.21 M or 292.68 Ft Containing 1.112% Ni

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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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Inspiration Intersects 0.465% Ni Over 89.21 M or 292.68 Ft Containing 1.112% Ni

posted on Jan 21, 2009 06:41AM

Inspiration Intersects 0.465% Ni Over 89.21 M or 292.68 Ft Containing 1.112% Ni Over 7.47 M or 24.51 Ft (True Width) (ccnm)

Drill holes LN08-127 to LN08-130, respectively, were completed on Section 3700 North and below previously released drill hole LN05-2 to follow up the down dip extension of higher grade nickel mineralization. The intersections range from 113.61m to 186.69m in drill hole LN08-127 to 252.21m to 294.13m in drill hole LN08-130 vertically below surface. Felsic dykes terminated the bottom of the nickel mineralization in drill hole LN08-127.

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 LN08-127 to LN08-130, inclusively at the Langmuir No.2 Mine - North Zone

Drill Hole From (m) To (m) Core True Core True Weighted
Length Width Length Width Average
(m) (m) (ft) (ft) Ni(%)
------------------------------------...
------------------------------------...

------------------------------------...
------------------------------------...
LN08-127 139.92 237.25 97.33 78.74 319.32 258.33 0.390
------------------------------------...
or 162.57 235.30 72.73 58.84 238.62 193.04 0.431
------------------------------------...
and contains
------------------------------------...
186.47 190.50 4.03 3.22 13.22 10.56 0.932
------------------------------------...
198.50 208.30 9.80 7.93 32.15 26.02 0.504
------------------------------------...
213.75 219.34 5.59 4.58 18.34 15.03 0.509
------------------------------------...
223.76 227.00 3.24 2.65 10.63 8.69 0.702
------------------------------------...
231.90 235.30 3.40 2.79 11.15 9.15 0.546
------------------------------------...
------------------------------------...

------------------------------------...
------------------------------------...
LN08-128 143.00 261.20 118.20 89.21 387.80 292.68 0.465
------------------------------------...
or
------------------------------------...
168.00 252.95 84.95 64.11 278.71 210.33 0.545
------------------------------------...
and contains
------------------------------------...
184.30 203.10 18.80 14.19 61.68 46.56 0.915
------------------------------------...
184.30 185.82 1.52 1.15 4.99 3.77 1.188
------------------------------------...
187.50 189.10 1.60 1.21 5.25 3.97 1.306
------------------------------------...
193.20 203.10 9.90 7.47 32.48 24.51 1.112
------------------------------------...
213.60 216.57 2.97 2.24 9.74 7.35 0.576
------------------------------------...
234.60 252.95 18.35 14.06 60.20 46.13 0.700
------------------------------------...
or 244.20 252.95 8.75 6.70 28.71 21.98 0.926
------------------------------------...
and
------------------------------------...
267.20 276.05 8.85 6.68 29.04 21.92 0.268
------------------------------------...
or 271.52 276.05 4.53 3.43 14.86 11.25 0.319
------------------------------------...
------------------------------------...

------------------------------------...
------------------------------------...
LN08-129 196.00 326.59 130.59 90.72 428.44 297.64 0.338
------------------------------------...
and contains
------------------------------------...
219.50 225.30 5.80 4.03 19.03 13.22 0.352
------------------------------------...
287.50 293.00 5.50 3.82 18.04 12.53 0.413
------------------------------------...
301.42 317.69 16.27 11.30 53.38 37.07 0.629
------------------------------------...
with 304.50 314.91 10.41 7.23 34.15 23.72 0.818
------------------------------------...
or 306.15 310.49 4.34 3.01 14.24 9.88 1.062
------------------------------------...
or 306.75 308.30 1.55 1.08 5.09 3.54 1.399
------------------------------------...
319.95 326.12 6.17 4.29 20.24 14.07 0.895
------------------------------------...
with 319.95 321.85 1.90 1.32 6.23 4.33 1.103
------------------------------------...
and
------------------------------------...
329.47 334.70 5.23 3.63 17.16 11.91 0.469
------------------------------------...
------------------------------------...

------------------------------------...
------------------------------------...
LN08-130 226.00 332.04 106.04 66.73 347.90 218.93 0.324
------------------------------------...
and contains
------------------------------------...
226.00 277.00 51.00 32.10 167.32 105.31 0.244
------------------------------------...
277.00 290.00 13.00 8.18 42.65 26.84 0.700
------------------------------------...
with 285.23 287.12 1.89 1.19 6.20 3.90 1.568
------------------------------------...
290.00 316.80 26.80 16.87 87.93 55.35 0.276
------------------------------------...
316.80 321.78 4.98 3.13 16.34 10.27 0.759
------------------------------------...
with 319.35 321.78 2.43 1.53 7.97 5.02 1.116
------------------------------------...
and
------------------------------------...
338.10 345.00 6.90 4.34 22.64 14.24 0.204

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