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Nickel77on Aug 15, 2011 10:57am
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Doingthejob/ISM News
Doingthejob/ISM News
Once again, no date given of an approximate release of the updated NI 43-101 Resource Report; but then again Doingthejob; with grades like those shown, it is probably best ISM doesn't rush things!
Inspiration Mining drills 228 m of 0.23% Ni at Langmuir
2011-08-15 09:56 ET - News Release
Mr. Ian Stewart reports
INSPIRATION ADVANCES LANGMUIR PROJECT AND ENGAGES NORDPRO TO PROVIDE ENGINEERING AND GEOLOGICAL SERVICES
Inspiration Mining Corp. has engaged NordPro Mine and Project Management Services Ltd. of Thunder Bay, Ont., to provide engineering and geological services on the company's Langmuir property. In addition, the company has released results from its continuing 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 newBlock Models.3. Providing guidance and support in the optimization of future explorationdrilling programs.4. Providing direction for oriented core directional drilling to supportGeotechnical evaluations.5. Providing open pit analysis and optimization strategies for pit wallslopes.
"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 %----------------------------------------------------------------------------(i)KCC11-6 50 103 53 0.24----------------------------------------------------------------------------120 171 50 0.26----------------------------------------------------------------------------174 192 17 0.32----------------------------------------------------------------------------197 245 48 0.24----------------------------------------------------------------------------(i)KCC11-7 116 325 207 0.22----------------------------------------------------------------------------(i)KCC11-8 158 386 228 0.23----------------------------------------------------------------------------(i)KCC11-9 134 348 213 0.23----------------------------------------------------------------------------(i)KCC11-10 68 172 104 0.24----------------------------------------------------------------------------175 238 63 0.22----------------------------------------------------------------------------(i)KCC11-11 47 100 53 0.21----------------------------------------------------------------------------116 323 208 0.22----------------------------------------------------------------------------(i)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(i) 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.
We seek Safe Harbor.