TORONTO, ONTARIO--(Marketwire - Nov. 17, 2010) - Inspiration Mining Corporation ("Inspiration" or the "Corporation") (TSX:ISM)(FRANKFURT:OI8) is pleased to announce that it intends to proceed with a geophysical exploration program in Q2 2011 that will address both gold and base metal targets. The Dry Fork property, optioned by Inspiration in 2004, contains 31 contiguous lode claims and lies 6.4 KM north-northwest of Kennecott's Bingham Canyon copper -gold-molybendite mine and within 600M of Kennecott's past producing Melco and Barneys Canyon gold mines. In the period from 1988-2001, production from the two mines aggregated approximately 1.4 Million ounces of gold.
Inspiration has been actively working with Kennecott on acceptable arrangements regarding the 2011 Geophysical program that will allow for a safe, efficient and effective survey while addressing various considerations important to Kennecott. Inspiration is confident that an agreement will be reached in the near term that will allow for the Work Program to proceed as planned in Q2 of 2011.
"Although we remain primarily focused on our Langmuir Nickel project in Timmons Ontario, we are keen to advance our initial plans on Dry Fork given its superior location and encouraging historic surface geology", said Ian Stewart, President and COO of Inspiration.
Inspiration intends to proceed initially with GAR/SPG surveying whereby high angle structurally controlled gold mineralization in the near-surface to moderate depth (300 meter) range will be targeted using the gradient array resistivity (GAR) grid method with concurrent measurements of spontaneous potential (SP). The GAR/SPG survey would consist of approximately 31 grid lines totaling 42 kilometers in length. Immediately following the GAR/SPG survey, a Ground Magnetic Survey will be conducted to ascertain any evidence of anomalous features commonly associated with altered and mineralized intrusive bodies.
Forward Looking Statements
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