Inspiration Mining Corporation
TSX : ISM
FRANKFURT : OI8

Inspiration Mining Corporation

May 01, 2007 09:33 ET

Inspiration Intersects 1.754% Ni over 23.82m or 78.15ft with 15.553% Ni over 1.29m or 4.23ft (True Width)

TORONTO, ONTARIO--(CCNMatthews - May 1, 2007) - Inspiration Mining Corporation (the "Corporation") (TSX: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 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 table indicates the drill information for the Langmuir No. 1
Mine drill holes:

-------------------------------------------------------------------------
Drill Hole Grid Grid Dip Azimuth Section Section Length
Northing Easting (Geodetic) Northing Easting (m)
(metres) (metres) (feet) (feet)
-------------------------------------------------------------------------
L107-32 1298.29 2329.59 -47.20 302.90 3449.01 10569.79 221.30
-------------------------------------------------------------------------
L107-33 1298.25 2329.86 -62.70 304.33 3449.03 10570.67 317.55
-------------------------------------------------------------------------
L107-34 1298.21 2330.15 -51.64 303.87 3449.04 10571.65 230.70
-------------------------------------------------------------------------


The following assay results for drill holes L107-32 to L107-34 at the
former Langmuir No.1 Mine 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 (%)
---------------------------------------------------------------------------

---------------------------------------------------------------------------
L107-32 150.00 154.00 4.00 3.19 13.12 10.47 0.405
-------------------------------------------------------------
and
-------------------------------------------------------------
164.00 193.83 29.83 23.82 97.87 78.15 1.754
-------------------------------------------------------------
and
contains
-------------------------------------------------------------
164.00 173.96 9.96 7.95 32.68 26.08 0.467
-------------------------------------------------------------
with 164.00 168.00 4.00 3.19 13.12 10.47 0.649
-------------------------------------------------------------
173.96 185.00 11.04 8.82 36.22 28.94 1.164
-------------------------------------------------------------
with 177.00 183.00 6.00 4.79 19.69 15.72 1.506
-------------------------------------------------------------
185.00 193.83 8.83 7.05 28.97 23.13 3.944
-------------------------------------------------------------
with 190.65 193.83 3.18 2.54 10.43 8.33 10.138
-------------------------------------------------------------
or 191.38 193.00 1.62 1.29 5.31 4.23 15.553
---------------------------------------------------------------------------


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

---------------------------------------------------------------------------
L107-33 117.15 120.12 2.97 1.79 9.74 5.87 0.245
-------------------------------------------------------------
and
-------------------------------------------------------------
216.66 260.00 43.34 26.08 142.19 85.56 0.533
-------------------------------------------------------------
and
contains
-------------------------------------------------------------
216.66 224.83 8.17 4.92 26.80 16.14 0.547
-------------------------------------------------------------
230.00 239.10 9.10 5.48 29.86 17.98 0.920
-------------------------------------------------------------
with 232.00 236.60 4.60 2.77 15.09 9.09 1.255
-------------------------------------------------------------
or 234.00 236.60 2.60 1.56 8.53 5.12 1.501
-------------------------------------------------------------
241.86 246.30 4.44 2.67 14.57 8.76 0.752
-------------------------------------------------------------
with 241.86 242.80 0.94 0.57 3.08 1.87 1.435
-------------------------------------------------------------
257.00 260.00 3.00 1.81 9.84 5.94 0.777
---------------------------------------------------------------------------


---------------------------------------------------------------------------
L107-34 167.60 171.62 4.02 2.99 13.19 9.81 0.215
-------------------------------------------------------------
and
-------------------------------------------------------------
179.35 211.00 31.65 23.52 103.84 77.17 0.547
-------------------------------------------------------------
and
contains
-------------------------------------------------------------
179.35 183.00 3.65 2.71 11.98 8.89 0.780
-------------------------------------------------------------
185.00 196.60 11.60 8.62 38.06 28.28 0.764
-------------------------------------------------------------
with 187.00 190.00 3.00 2.23 9.84 7.32 0.902
-------------------------------------------------------------
and
with 193.00 195.70 2.70 2.01 8.86 6.59 0.978
-------------------------------------------------------------
202.55 209.00 6.45 4.79 21.16 15.72 0.719
---------------------------------------------------------------------------


Drill holes L107-32 and L107-34 were drilled at the same location approximately 125 feet east of previously released drill holes L106-17 to L106-19. Drill hole L107-32 was designed to intersect the nickel mineralization between previously released holes L106-17 and L106-18 but deviated closer to hole L106-18 than planned.

Drill hole L107-33 intersected a wider intersection with high nickel values than previously released drill hole L106-19, which was approximately 126 feet down dip from hole L106-19 and approximately 413 feet down dip from the 315 foot underground development.

Drill hole L107-34 accomplished what L107-32 was originally designed to intersect. This hole is approximately 77 feet down dip of the mineralization intersected in previously released hole L106-18 and approximately 63 feet up dip of the mineralization intersected in previously released hole L106-19.

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