NICKEL NEWS
JULY 24, 2006 - 13:59 ET Show Text
Inspiration Collars Into .542 % Nickel Over 32.26 M or 105.85 Ft-True Widths-
TORONTO, ONTARIO--(CCNMatthews - July 24, 2006) - Inspiration Mining Corporation (the "Corporation") (TSX VENTURE:ISM)(FRANKFURT:0I8) 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, 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 continues drilling the Langmuir Project -- Langmuir No.2 Mine North Zone, which is located from approximately 80m to 536m northeast of the mine shaft.
The following assay results are from drill hole LN06-27 that was drilled on North Zone Section 37+75m North. Drill hole LN06-27 was drilled approximately 22.6m, 48.6m and 69.13m up-dip from LN05-19, LN05-20 and LN05-10, respectively. The following table indicates the drill information for these drill holes.
TABLE
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Drill hole LN06-27 collared into the nickel mineralization at a drill length of 20.00m that represents a vertical depth of overburden of 14.92m or 48.95 feet.
The nickel bearing sulphide mineralization, with estimations ranging from 1% to 20% fine grained disseminations and sulphide blebs up to several centimetres in size, is contained within serpentenized to talcose 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.
Assays have been received, compiled and condensed; the assay results for LN06-27 are as follows:
TABLE
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The assaying of sawn 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. (Ont).
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