Inspiration Intersects 1.771% Ni Over 10.10m or 33.14ft (True Width)
Tuesday March 6, 11:00 am ET
biz.yahoo.com
TORONTO, ONTARIO--(CCNMatthews - March 6, 2007) - Inspiration Mining Corporation (the "Corporation") (TSX VENTURE:ISM - News; FRANKFURT:OI8 - News) 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, and 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 is continuing the drilling at the Langmuir Project - Langmuir No.1 Mine. The detail fill-in drill program is designed to complete the definition of the nickel bearing mineralization below the 300-foot mine level to a vertical depth of approximately 900 feet below surface.
The following assay results for drill holes L107-20 and L107-21 at the former Langmuir No.1 Mine have been received, compiled and condensed to the following:
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Drill Hole From (m) To (m) Core True Core True Weighted
Length Width Length Width Average
(m) (m) (ft) (ft) Ni(%)
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L107-20 94.00 115.50 21.50 16.71 70.54 54.82 0.337
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and
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102.00 109.00 7.00 5.36 22.97 17.59 0.419
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and
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124.00 137.18 13.18 10.10 43.24 33.14 1.771
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and
contains
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125.05 131.10 6.05 4.63 19.85 15.19 2.473
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with 125.05 126.00 0.95 0.73 3.12 2.39 3.770
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126.00 127.00 1.00 0.77 3.28 2.51 2.550
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127.00 128.00 1.00 0.77 3.28 2.51 2.060
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128.00 129.00 1.00 0.77 3.28 2.51 2.010
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129.00 130.00 1.00 0.77 3.28 2.51 2.485
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130.00 131.10 1.10 0.84 3.61 2.76 2.070
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and 131.10 135.25 4.15 3.18 13.62 10.43 0.872
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with 134.00 134.60 0.60 0.46 1.97 1.51 1.545
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134.60 135.25 0.65 0.50 2.13 1.63 0.930
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and 135.25 137.18 1.93 1.48 6.33 4.86 2.174
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135.25 135.92 0.67 0.51 2.20 1.69 4.175
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135.92 136.92 1.00 0.77 3.28 2.52 0.510
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136.92 137.18 0.26 0.20 0.85 0.65 3.420
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L107-21 109.30 125.00 15.70 10.51 51.51 34.48 0.354
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with 109.30 113.60 4.30 2.88 14.11 9.45 0.475
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121.00 125.00 4.00 2.68 13.12 8.79 0.417
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and
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130.00 137.00 7.00 4.68 22.97 15.35 0.362
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with 132.00 133.00 1.00 0.67 3.28 2.20 1.070
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and
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145.40 154.58 9.18 6.14 30.12 20.14 0.839
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with 145.40 150.90 5.50 3.68 18.04 12.07 0.821
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146.30 148.18 1.88 1.26 6.17 4.13 1.182
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152.70 154.58 1.88 1.26 6.17 4.13 1.479
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153.60 154.58 0.98 0.66 3.22 2.17 2.195
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The following table indicates the drill information for the Langmuir No. 1 Mine drill holes:
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Drill Hole Grid Grid Dip Azimuth Section Section Length
Northing Easting (Geodetic) Northing Easting (m)
(metres) (metres) (feet) (feet)
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L107-20 1279.21 2258.36 -50.20 301.63 3349.88 10349.07 167.24
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L107-21 1279.17 2258.79 -58.40 298.38 3349.98 10350.49 205.24
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These drill holes are located approximately 50 feet north of previously released drill holes L105-1 and L105-2 and approximately 50 feet north and 75 feet west of previously released drill holes L106-13 and L106-14.
The nickel bearing sulphide mineralization, with estimations ranging from 1% to 20% fine-grained disseminatations up to massive 100% sulphides, is contained within 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.
The assaying of split 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).
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Randy Miller
Inspiration Mining Corporation
President
(905) 853-7400
Website: www.inspirationmining.com
Investor Relations
Gale Capital Corporation
(604) 221-7604
(604) 221-7606 (FAX)
Email: galecapital@shaw.ca
Source: Inspiration Mining Corporation |
