Quantcast
Last updated on April 23, 2014 at 21:24 EDT

Inspiration Intersects 0.276% Ni Over 33.30m or 109.25ft (True Width)

August 29, 2008

TORONTO, ONTARIO–(Marketwire – Aug. 29, 2008) – Inspiration Mining Corporation (TSX:ISM)(FRANKFURT:OI8) (the “Corporation”) 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.2 Mine-North Zone. The detail fill-in drill program is designed to complete the definition of the nickel bearing mineralization below the 100 metre level.

The following table indicates the drill information for the North Zone drill holes:

——————————————————————– ——– ——————————————————————– ——– Drill Hole____ Grid____ Grid____ Dip__ Azimuth____Section__ Section__Length __________ Northing__Easting________ (Geodetic)__Northing__ Easting______(m) ____________(metres) (metres)____________________ (metres)__(metres) ——————————————————————– ——– ——————————————————————– ——– LN08-115____2983.50__2034.07__- 67.37____301.05____3600.82____269.80__371.73 ——————————————————————– ——– LN08-116____2983.48__2034.12__- 70.80____298.48____3600.82____269.86__408.82 ——————————————————————– ——– LN08-117____2983.31__2034.43__- 76.98____298.52____3600.84____270.21__558.49 ——————————————————————– ——– ——————————————————————– ——–

Drill holes LN08-115 to LN08-117 inclusively were completed on the same drill setup located approximately 102 metres east of previously released drill holes LN08-109 and LN08-110 in the southern portion of the North Zone and were designed to follow the down plunge nickel mineralization from previously release drill holes.

Drill hole LN08-115 intersected wide nickel mineralization, which may be the halo of the zone intersected in previously released drill holes LN08-107 (0.526% Ni over 34.81m and containing 1.024% Ni over 9.95m, true width) and LN08-108 (0.917% Ni over 17.75m and containing 1.058% Ni over 12.02m, true widths).

Drill hole LN08-116 approximately 60 metres down dip from hole LN08-115 did not intersect the zone or halo nickel mineralization and may be beneath the plunge of the zone intersected in holes LN08- 107 and LN08-108.

Drill hole LN08-117 intersected 3 smaller zones of nickel mineralization beneath the plunge of the zone intersected in holes LN08-107 and LN08-108. These zones, ranging in true widths from 5.63m to 1.29m are approximately 453 metres to 505 metres vertically below surface.

The following assay results for drill holes LN08-115 to LN08-117 at the Langmuir No.2 Mine-North Zone have been received, compiled and condensed to the following:

——————————————————————– ——– Drill Hole________ From (m) To (m)__ Core__ True____Core____True__Weighted __________________________________ Length__Width__Length__ Width__ Average ______________________________________ (m)____(m)____(ft)____(ft)____Ni (%) ——————————————————————– ——– ——————————————————————– ——– LN08-115____________311.70 363.50__ 51.80__33.30__169.95__109.25____ 0.276 ________———————————————————— ——– ________and contains ________———————————————————— ——– ____________________311.70 312.70____1.00__ 0.64____3.28____2.10____ 0.547 ________———————————————————— ——– ____________________344.50 348.10____3.60__ 2.31__ 11.81____7.58____ 0.457 ________———————————————————— ——– ________and ________———————————————————— ——– ____________________370.25 371.00____0.75__ 0.48____2.46____1.57____ 0.510 ——————————————————————– ——– ——————————————————————– ——– LN08-116____________371.00 380.00____9.00__ 5.16__ 29.53__ 16.93____ 0.213 ——————————————————————– ——– ——————————————————————– ——– LN08-117____________466.00 476.94__ 10.94__ 5.63__ 35.89__ 18.47____ 0.237 ________———————————————————— ——– ________and ________———————————————————— ——– ____________________501.40 505.30____3.90__ 2.01__ 12.80____6.59____ 0.436 ________———————————————————— ——– ________and ________———————————————————— ——– ____________________520.60 524.00____3.40__ 1.75__ 11.15____5.74____ 0.564 ________———————————————————— ——– ________and contains ________———————————————————— ——– ____________________521.50 524.00____2.50__ 1.29____8.20____4.23____ 0.658 ________———————————————————— ——– ________or__________521.50 522.60____1.10__ 0.57____3.61____1.87____ 0.940 ——————————————————————– ——–

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), who is an arm’s length party retained by the Company to carry out its exploration program on the Langmuir Project.

(c) 2008 Marketwire. Provided by ProQuest LLC. All rights Reserved.