Inspiration Mining Corporation
TSX : ISM
FRANKFURT : OI8

Inspiration Mining Corporation

October 11, 2006 09:00 ET

Inspiration Continues to Intersect Nickel Mineralization 0.514% Nickel Over 207.61 Feet 'True Width'

TORONTO, ONTARIO--(CCNMatthews - Oct. 11, 2006) - Inspiration Mining Corporation (the "Corporation") (TSX VENTURE:ISM)(FRANKFURT:OI8) 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 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 detail fill-in drill program is designed to complete the definition of the nickel bearing mineralization from sub-surface to a vertical depth of approximately 100 meters.

LN06-39, LN06-40 and LN06-41 were drilled 16.57m, 31.73m and 52.03m respectively, up-dip from previously released drill holes LN06-38 on Section 3725 North.

The following table indicates the drill information for these drill holes:



------------------------------------------------------------------------
------------------------------------------------------------------------
Drill Hole Grid Grid Dip Surveyed Section Section Length
Northing Easting Azimuth Northing Easting (m)
(ast)
------------------------------------------------------------------------
------------------------------------------------------------------------
LN06-39 3182.86 1929.68 -50.00 298.58 3721.28 79.72 107.00
------------------------------------------------------------------------
LN06-40 3194.22 1916.36 -50.00 300.18 3724.46 62.51 80.37
------------------------------------------------------------------------
LN06-41 3204.49 1899.00 -48.79 299.58 3724.67 42.34 56.00
------------------------------------------------------------------------
------------------------------------------------------------------------


Drill hole LN06-39 collared in low nickel mineralization ranging from 0.173% Ni over 1.00m to 0.306% Ni over 1.00m for an average of 0.226% Ni over 16.22m (13.29m True Width) before entering the nickel mineralization zone.

Drill holes LN06-40 and LN06-41, being drill up-dip of LN06-39, collared into the nickel mineralization and therefore the intervals do not represent the complete zone.

Inspiration has received, compiled and condensed the assay results for LN06-39, LN06-40 and LN06-41 as follows:



------------------------------------------------------------------------
------------------------------------------------------------------------
Drill Hole From (m) To (m) Core True Core True Weighted
Length Width Length Width Average
(m) (m) (ft) (ft) Ni (%)
------------------------------------------------------------------------
------------------------------------------------------------------------

------------------------------------------------------------------------
------------------------------------------------------------------------
LN06-39 10.18 87.43 77.25 63.28 253.44 207.61 0.514
-----------------------------------------------------------------
or
-----------------------------------------------------------------
27.77 87.43 59.66 48.87 195.73 160.34 0.601
-----------------------------------------------------------------
and contains
-----------------------------------------------------------------
27.77 47.20 19.43 15.92 63.75 52.22 0.798
-----------------------------------------------------------------
with 33.20 44.50 11.30 9.26 37.07 30.37 0.943
-----------------------------------------------------------------
or 33.20 35.00 1.80 1.47 5.91 4.84 1.720
-----------------------------------------------------------------
and 37.70 41.40 3.70 3.03 12.14 9.94 1.186
-----------------------------------------------------------------
and contains
-----------------------------------------------------------------
49.00 56.00 7.00 5.73 22.97 18.81 0.341
-----------------------------------------------------------------
and contains
-----------------------------------------------------------------
58.00 76.26 18.26 14.96 59.91 49.07 0.608
-----------------------------------------------------------------
with 60.00 65.00 5.00 4.10 16.40 13.44 1.047
-----------------------------------------------------------------
with 71.00 76.26 5.26 4.31 17.26 14.14 0.558
-----------------------------------------------------------------
and contains
-----------------------------------------------------------------
78.40 87.43 9.03 7.40 29.63 24.27 0.617
-----------------------------------------------------------------
with 82.40 85.40 3.00 2.46 9.84 8.06 1.150
------------------------------------------------------------------------
------------------------------------------------------------------------

------------------------------------------------------------------------
------------------------------------------------------------------------
LN06-40 10.47 67.80 57.33 46.96 188.09 154.07 0.536
-----------------------------------------------------------------
and contains
-----------------------------------------------------------------
10.47 37.07 26.60 21.79 87.27 71.48 0.590
-----------------------------------------------------------------
with 11.50 16.50 5.00 4.10 16.40 13.44 0.939
-----------------------------------------------------------------
with 26.10 31.00 4.90 4.01 16.08 13.17 0.702
-----------------------------------------------------------------
and contains
-----------------------------------------------------------------
41.00 47.40 6.40 5.24 21.00 17.20 0.382
-----------------------------------------------------------------
and contains
-----------------------------------------------------------------
50.60 67.80 17.20 14.09 56.43 46.22 0.632
-----------------------------------------------------------------
with 55.10 62.00 6.90 5.65 22.64 18.54 0.891
------------------------------------------------------------------------
------------------------------------------------------------------------

------------------------------------------------------------------------
------------------------------------------------------------------------
LN06-41 15.20 37.25 22.05 18.49 72.34 60.66 0.545
-----------------------------------------------------------------
and contains
-----------------------------------------------------------------
with 15.20 21.20 6.00 5.03 19.69 16.51 0.524
-----------------------------------------------------------------
with 26.00 35.70 9.70 8.13 31.82 26.69 0.667
-----------------------------------------------------------------
or 26.00 28.00 2.00 1.68 6.56 5.50 0.895
------------------------------------------------------------------------
------------------------------------------------------------------------


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.

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. (On).

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Inspiration Mining Corporation
    Randy Miller
    President of the Company
    (905) 853-7400
    Website: www.inspirationmining.com
    or
    For Investor Relations call:
    Gale Capital Corporation
    (604) 221-7604
    (604) 221-7606 (FAX)
    Email: galecapital@shaw.ca