Inspiration Mining Corporation
TSX : ISM
FRANKFURT : OI8

Inspiration Mining Corporation

July 16, 2007 11:58 ET

Inspiration Intersects 0.695% Ni Over 21.68m or 71.13ft With 2.354% Ni Over 3.87m or 12.70ft (True Width)

TORONTO, ONTARIO--(Marketwire - July 16, 2007) - 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.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 L107-38 to L107-42 at the former Langmuir No.1 Mine have been received, compiled and condensed to the following:



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Drill Hole From To Core True Core True Weighted
(m) (m) Length Width Length Width Average
(m) (m) (ft) (ft) Ni (%)
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L107-38 32.67 37.22 4.55 3.49 14.93 11.45 0.655
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with 32.67 35.80 3.13 2.40 10.27 7.88 0.800
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and
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53.40 60.10 6.70 5.13 21.98 16.83 0.743
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with 53.40 55.30 1.90 1.45 6.23 4.77 1.122
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and
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81.90 83.20 1.30 1.00 4.27 3.28 0.648
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L107-39 20.30 25.00 4.70 3.32 15.42 10.89 0.236
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and
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61.50 69.70 8.20 5.80 26.90 19.03 0.571
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with 62.40 64.20 1.80 1.27 5.91 4.18 0.903
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with 68.00 69.70 1.70 1.20 5.58 3.95 0.789
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L107-40 151.00 198.00 47.00 27.63 154.20 90.65 0.424
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and
contains
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151.00 165.80 14.80 8.70 48.56 28.54 0.502
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with 151.00 155.00 4.00 2.35 13.12 7.71 0.565
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157.00 162.00 5.00 2.94 16.40 9.64 0.453
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163.00 165.80 2.80 1.65 9.19 5.40 0.745
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and
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178.00 198.00 20.00 11.76 65.62 38.58 0.479
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with 178.00 187.00 9.00 5.29 29.53 17.36 0.512
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191.00 194.00 3.00 1.76 9.84 5.79 0.806
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195.00 198.00 3.00 1.76 9.84 5.79 0.549
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and
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213.40 217.60 4.20 2.47 13.78 8.10 1.043
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with 213.40 214.20 0.80 0.47 2.62 1.54 1.035
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216.55 217.60 1.05 0.62 3.44 2.03 2.960
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L107-41 100.00 128.30 28.30 21.68 92.85 71.13 0.695
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and
contains
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101.00 108.00 7.00 5.36 22.97 17.59 0.645
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or 104.00 108.00 4.00 3.06 13.12 10.05 0.854
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and
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123.25 128.30 5.05 3.87 16.57 12.70 2.354
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cont-
aining 126.27 127.25 0.98 0.75 3.22 2.46 6.390
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and 127.25 128.30 1.05 0.80 3.44 2.64 3.305
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and
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130.55 145.27 14.72 11.28 48.29 37.01 0.272
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with 135.00 137.25 2.25 1.72 7.38 5.66 0.468
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139.65 145.27 5.62 4.31 18.44 14.13 0.302
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and
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159.80 161.50 1.70 1.28 5.58 4.20 0.399
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L107-42 116.00 121.00 5.00 3.15 16.40 10.33 0.395
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with 119.00 121.00 2.00 1.26 6.56 4.13 0.541
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and
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136.00 137.80 1.80 1.13 5.91 3.71 0.407
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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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L107-38 1299.84 2230.57 -50.56 301.95 3402.14 10248.26 260.02
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L107-39 1269.43 2225.67 -56.22 302.45 3301.11 10248.32 96.31
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L107-40 1371.43 2351.30 -63.91 304.47 3697.27 10601.78 260.40
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L107-41 1206.45 2230.62 -50.41 304.83 3099.73 10297.34 170.65
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L107-42 1206.21 2230.89 -60.80 303.75 3099.09 10298.34 213.07
---------------------------------------------------------------------------


Drill hole L107-38 was planned to intersect the underground stope or drift on the 200-foot level to evaluate the remnants of the East Zone, which previously reported to have been mined. The intersections are approximately 100 feet up-dip from previously released drill hole L105-1. This drill hole intersected 2 mineralized zones, in the hanging wall before intersecting the East Zone.

Drill hole L107-39 was located 100 feet to the south of L107-38 and intersected the East Zone stope on the 250-foot level at 92m with the hanging wall of the stope containing low to anomalous nickel values.

Drill hole L107-40 was drilled approximately 300 feet north of L107-38 and 150 feet east of previously reported drill holes L107-26 to 28 inclusively and approximately 50 feet down dip.

Step out drill holes L107-41 and 42 are located approximately 76 feet west and 90 feet south of previously released drill holes L107-29 and 30. Both holes intersected the East and West Zones. The zones located in hole L107-42 were approximately 80 to 88 feet down dip from hole L107-41. The East Zone intersection at the 300-foot level is approximately 79 feet south of the known East Zone stope boundary.

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 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