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Inspiration Advances Langmuir Project and Engages NordPro to Provide Engineering and Geological Services
Published : August 15, 2011
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Mots clés associés :   Nickel |

TORONTO, ONTARIO--(Marketwire - Aug. 15, 2011) - Inspiration Mining Corporation ("Inspiration" or the "Corporation") (News - Market indicators)(FRANKFURT:OI8) is pleased to announce the engagement of NordPro Mine and Project Management Services Ltd. ("NordPro") of Thunder Bay, Ontario to provide engineering and geological services on the Corporation's Langmuir Property. In addition, the Corporation is pleased to announce results from its ongoing infill and detail drilling program at the Langmuir Open Pit Nickel Deposit.

The Langmuir property comprises 69 mining claims covering 1121 hectares in the Langmuir Township, 25 km southeast of Timmins, Ontario. It hosts the past nickel producing mines of Langmuir No. 1 and 2. Two main deposits were drilled and identified by Inspiration on which indicated nickel resources were estimated at 1.7 Mt @ 0.51% for Langmuir 1 and 8.3 Mt @ 0.4% Ni for Langmuir North deposits (43-101 Micon Report, Jan 2010).

With the 2011 infill and detail drilling program nearing completion, the Corporation is pleased to report that it now has sufficient data and has engaged a team led by NordPro in order to provide an updated NI 43-101 Resource Report.

Highlights of the services to be provided by NordPro include:
   
1. Rebuilding of Block Models for Langmuir.
   
2. Completing an NI 43-101 compliant resource estimate utilizing the new Block Models.
   
3. Providing guidance and support in the optimization of future exploration drilling programs.
   
4. Providing direction for oriented core directional drilling to support Geotechnical evaluations.
   
5. Providing open pit analysis and optimization strategies for pit wall slopes.

"We are very pleased to be working with the NordPro team on this important initiative. The breadth of experience within the team is superb and we are confident that the updated 43-101 Report will give the Corporation and it's shareholders a more complete understanding of the potential for the Langmuir deposit", said Ian Stewart, President, Inspiration. 

KCC-Allerston is a lower grade, high tonnage nickel-mineralized zone located 2 km northwest of the Langmuir1 deposit, revealed by exploration drill programs in 2008 and 2009 (listed in 43-101 Report, Sept 2009, a copy of which can be obtained under the Corporations profile on the SEDAR website (www.sedar.com)). The zone is hosted in intrusive komatiitic ultramafic and mafic rocks conformably intercalated with intermediate and felsic volcanic sequences dipping to the SE and in contact with a late-Archean tonalitic pluton to the southwest. The zone is trending to NNE and extends at least over 700 m horizontally.

In March 2011, the Corporation embarked on a 3. 000 meter drill program designed to delimit the extension of the mineralized body and to fill voids between previous drilling with spacing between 60 and 100 meters.

Results with 0.2% Ni cutoff are as follows:

2011 Drill Program
 
Id From To Length (m) Ni Weight Av %
*KCC11-6 50 103 53 0.24
  120 171 50 0.26
  174 192 17 0.32
  197 245 48 0.24
*KCC11-7 116 325 207 0.22
*KCC11-8 158 386 228 0.23
*KCC11-9 134 348 213 0.23
*KCC11-10 68 172 104 0.24
  175 238 63 0.22
*KCC11-11 47 100 53 0.21
  116 323 208 0.22
*KCC11-12 142 309 165 0.22
New Assays        
KCC11-13 216 416 200 0.23
KCC11-14 2 106 104 0.23
KCC11-15 1 109 108 0.22
KCC11-16 3 97 94 0.21
KCC11-17 2 113 111 0.23
KCC11-30 47 155 108 0.22
KCC11-32 76 151 75 0.23
KCC11-37 53 155 102 0.23
all intersection lengths should be considered as true widths
* Previously released in MD&A dated March 31, 2011

The Qualified person in charge of the Langmuir Property and the person who prepared the technical data in this release is Andre Ciesielski, P.Geo.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Inspiration is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Inspiration cannot assure investors that actual results will be consistent with these forward looking statements and Inspiration assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Inspiration Mining Corporation
Ian Stewart
President of the Corporation
416-842-9000
www.inspirationmining.com
or
For Investor Relations call:
Gale Capital Corporation
604-221-7604
604-221-7606 (FAX)
galecapital@shaw.ca

Inspiration Mining Corporation

EXPLORATEUR
CODE : ISM.TO
ISIN : CA45772J1093
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Inspiration Mining est une société d’exploration minière de nickel et de cuivre basée au Canada.

Inspiration Mining détient divers projets d'exploration en USA et au Canada.

Ses principaux projets en exploration sont LANGMUIR, DESROSIERS PROPERTY et JASPER CLAIMS au Canada et DRY FORK en USA.

Inspiration Mining est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 574 350 CA$ (530 929 €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 7,69 CA$, et son plus bas niveau récent le 22 mai 2015 à 0,02 CA$.

Inspiration Mining possède 16 410 000 actions en circulation.

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Financements de Inspiration Mining Corporation
02/02/2011Provides Update on Ursa Major Matter
27/01/2011Responds to Proposed Private Placement by Ursa Major
Nominations de Inspiration Mining Corporation
19/09/2011Appoints New Director
06/05/2011Announces Intention to Put Forward an Alternate Slate of Dir...
21/04/2011Announces Retirement of Chief Financial Officer James Davis ...
Projets de Inspiration Mining Corporation
30/07/2012(Langmuir)Commences Strategic Review Process for Its Langmuir Nickel P...
15/08/2011(Langmuir)Advances Langmuir Project and Engages NordPro to Provide Eng...
03/02/2011(Langmuir)Identifies Additional Mineralized Zones at Its Langmuir Open...
Communiqués de Presse de Inspiration Mining Corporation
17/12/2015TORONTO, ONTARIO--(Marketwired - Nov. 19, 201 ... more
08/10/2015Inspiration Completes Private Placement
31/08/2015Inspiration Files Amended Annual Information Form
07/08/2015Inspiration to Delist from Toronto Stock Exchange
23/07/2015Inspiration Announces Lease of Property and Private Placemen...
10/04/2015TSX Delisting Review - Inspiration Mining Corporation (Symbo...
28/10/2014IIROC Trade Resumption - ISM
28/10/2014Inspiration Responds to Recent Email Campaign
04/09/2014Inspiration Completes Survey of Langmuir Property
02/09/2014IIROC Trade Resumption - ISM
02/09/2014Inspiration Responds to Recent Email Campaign
02/09/2014IIROC Trading Halt - ISM
29/08/2014Inspiration Responds to Trading Activity
02/06/2014Inspiration to Proceed With the Dewatering of Langmuir No. 1...
26/05/2014Inspiration Updates Dewater Process
20/05/2014Inspiration to Dewater Langmuir No. 1 Mine and Advance the L...
20/05/2014Inspiration to Dewater Langmuir No. 1 Mine and Advance the L...
08/04/2014Inspiration Mining Corporation (the "Corporat ... more
08/04/2014Inspiration Continues to Advance the Langmuir Property
08/04/2013Increases Interest in Potash Dragon
03/04/2013Provides Corporate Update
20/09/2012Reports on Progress With Potash Property
14/08/2012Commences With Transient Electromagnetic Survey Over Potash ...
25/06/2012Acquires Interest in Potash Property
11/07/2011to Launch Normal Course Issuer Bid
16/06/2011Reminder of Voting Cut-Off for Upcoming Shareholders Meeting...
22/03/2011Drills 167M of 0.26% Ni Including 1M of 1% Ni Providing Defi...
22/03/2011Drills 167M of 0.26% Ni Including 1M of 1% Ni Providing Defi...
16/03/2011Provides Revision to Its Press Release Dated February 3rd, 2...
25/02/2011Reaffirms Commitment to Proceed With Requisition of A Meetin...
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