RE: RE: RE: Looks like our IR guy has a new gig..."Whaler, can you elaborate, I don't see anything newsworthy.
v."
Vanchester, do you notice anything different in the way things are being disseminated now?
Here's todays newsworthy item and probably not a lot different that what a keen investor may have dug out of the last MD&A. I welcome the proactive move to update and inform investors in a more user friendly method. Easily consumed by the news hungry majority. Well done ISM and Gale Capital!!
14:22 EDT Wednesday, September 16, 2009
TORONTO, ONTARIO--(Marketwire - Sept. 16, 2009) - Inspiration Mining Corporation (the "Company") (TSX:ISM) (FRANKFURT:OI8) continues its exploration program on the Desrosiers Property (the "Property") which is prospective for molybdenum plus multiple other elements including, tantalum, tungsten, rhenium, lithium, bismuth, silver and rare earth elements. Geophysical surveying, geochemical sampling, drilling, and bulk sampling are required for the evaluation of a complex system of pegmatite, granite, and syenite hosted minerals enveloped by surrounding 'greenstone' volcanic rocks, all of Precambrian age. This program is in progress, together with a baseline study to be commenced this season in preparation for additional bulk sampling in the future to compliment and verify historical sampling that has been conducted on the property over several campaigns of exploration.
The Property consists of 42 claim units acquired by the Company together with an additional 219 claim units staked to cover additional potential within the favourable volcanic belts which surround the intrusive-associated complex mineralization known from 35 showings.
Surface trenching and sampling during historical work has demonstrated molybdenum values from 0.03 to 10.64% across widths from 2 cm. to 2 meters. Historical bulk samplingfrom the property is reported by D. Bending in his NI 43-101 Report dated 2008 to have returned 1% MoS2 from a 50 ton sample and 2.25% MoS2 from a 165 ton bulk sample. Previous work including drilling to approximately 200 feet suggests a geological exploration target of an open-pittable tonnage of 100,000 tons of molybdenum-bearing mineralization. Bending recommended an exploration program of $232,000 in two phases to evaluate potential for molybdenum, rhenium, silver, tungsten, lithium, beryllium, tantalum, and rare earth elements, as well as the potential for copper, zinc, and nickel within the granite-pegmatite and volcanic greenstone belt.
The Property lies 150 km southwest of the City of Timmins in Desrosiers Township, Porcupine Mining Division, District of Sudbury, Ontario. The Property is accessible by gravel and bush roads from paved Highway 144. Local access can be attained with tracked vehicles or by float plane to Alike Lake.
The Company looks to continue work on this project throughout the current field season, with drilling to begin by as quickly as possible. Results will be released when assays are available.
The Qualified Person in charge of the Property and the person who prepared the technical data in this release is Stewart Jackson, Ph D, P. Geol.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gale Capital CorporationInvestor Relations604.221.7604604.221.7606 (FAX)galecapital@shaw.ca
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release