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.
Message: Micon recommendations?
Well in a week or two it will be a YEAR since the long awaited Micon report on Langmuir.
Shareholders have heard virtually nothing on the status or progress in following those extra drilling recommendations from Micon either? The NR that a drill was being mobilized back in July07/10 was a start, and then we got a little something on Nov02/10 showing results for 4 holes at LN1...Here's the take away from that NR:
"Chief Executive Officer, Mr. Randy Miller states: "We continue to be encouraged by the significant progress being in the field in identifying meaningful additional tonnage of nickel mineralization at our Langmuir property and look forward to providing an updated 43-101 by Q1 2011."
A new COO and President was named as well on Oct04/10
| October 4, 2010 - 11:36 AM EDT |
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"Ian Stewart Appointed as President and Chief Operating Officer of Inspiration Mining Corporation"
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Here's what we do know about Micon/ISM intentions for 2010:
| February 2, 2010 - 12:35 PM EST |
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"Inspiration to Proceed With the Continued Exploration of Its Langmuir, Gold and Moly/REE Properties
TORONTO, ONTARIO, Feb. 2, 2010 (Marketwire) -- Inspiration Mining Corporation (the "Corporation") (TSX:ISM)(FRANKFURT:OI8) is pleased to announce that it is proceeding with the exploration of its Langmuir Nickel, Cleaver gold and Desrosiers rare earth properties. Langmuir Property Based on the recommendation of Micon International Limited in its National Instrument 43-101 compliant resource estimate report (the "Micon Report") for the Langmuir North Deposit and the Langmuir No 1 Deposit (a copy of which can be viewed under the Corporation's profile on the SEDAR website (www.sedar.com)), the Corporation intends to commence a diamond drilling program. The Micon Report indicated resources of 1,733,000 tonnes grading 0.51% nickel, and 8,324,000 tonnes grading 0.40% nickel in the Langmuir 1 and Langmuir North deposits, respectively for a total of 10,057,000 tonnes and identified at least four (4) exploration target areas of mineralization that are believed to hold the potential to host an additional 20 to 40 million tonnes of nickel mineralization of similar grades. The proposed diamond drilling program will focus on the four (4) targets as outlined in the Micon report along with additional exploration targets that were discovered during a program of geochemical and geophysical surveying." This is a table from the Micon report: |
Curious to see how much of that $4.5 million has been spent on exploration and comparing it to how much has been spent on the ISM NCIB or in acquiring nearly 20% of the outstanding and issued stock in Ursa Major Minerals?
Here's the stock price performance since the highly anticipated Micon report was released.
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