Re: Inspiration Intersects 0.465% Ni Over 89.21 M or 292.68 Ft Containing 1.112%
posted on Agoracom by Buxom1 on Jan 23, 09 11:51PM
Whaler do you know if there is open pit boundary conditions with respect to being able to mine the ore from these drill results?
Happy Trails,
-B1-

Re: Inspiration Intersects 0.465% Ni Over 89.21 M or 292.68 Ft Containing 1.112%
posted on Agoracom by Whaler on Jan 24, 09 03:40AM
Not off hand, but I await the report/s from the experts at Micon and ISM, who very likely have this answered.
I do recall a discussion along these same lines just 2 weeks ago
http://agoracom.com/ir/Inspiration/f...

Re: Connecting the dots "Open Pit Potential" From Filings
posted on Agoracom Whaler on  Jan 09, 09 12:18PM

From the filings (Pg. 8 of the Dec 29 AIF) just released, Note that in the filings some references to drilling are made for June 2007 and back as far as Dec 2006. So to use the term "end of summer" in the quote, keep this in mind.
The diamond drilling at the Langmuir No.2 Mine – North Zone has indicated a long and broad nickel bearing mineralization zone containing 3 possible distinct komatiitic extrusive flows in a paleo-topographic depression with the higher-grade mineralization generally located in the basal flow but also located in the middle and upper flows.
The majority of the drilling was concentrated to a depth of 100m below surface on approximately 25m centers.
The deepest intersection was at a vertical depth of 230 m below surface with the pierce point of the zone at a depth of 150m.
Due to the continuation of the mineralization at depth and the potential for continued mineralization extending to the northeast of the identified mineralization, the Company plans to initiate a deep drilling program at the Langmuir No. 2 – North Zone by the end of the summer and continue exploration drilling along the northeast extension.
With the current land position and boundaries, the mineralization identified in the North Zone could be accessed by open pit to a depth of 200m with deeper mineralization accessed via ramp.

Part IV Maintaining a Listing — General Requirements
Sec. 401.
Once approval has been given for its securities to be listed, in order to maintain the listing privilege a company must fulfill a number of requirements on a continuing basis. These requirements are described in this and subsequent Parts.

Sec. 406.

Appendix B Disclosure Standards for Companies Engaged in Mineral Exploration, Development & Production

1.0 Introduction
The disclosure of the results of exploration and development activity on mineral properties must comply with the requirements of the Toronto Stock Exchange Policy Statement on Timely Disclosure, the Ontario Securities Act and all applicable policies and rules of the Ontario Securities Commission and any other securities regulatory body having jurisdiction over an issuer listed on the Exchange. In particular, the requirements of National Instrument 43-101 must be followed.

Toronto Stock Exchange

TSX Company Manual 

4.2 Obligation to File a Technical Report in Connection with Certain Written Disclosure About Mineral Projects on Material Properties
(1) An issuer must file a technical report to support scientific or technical information in any of the following documents filed or made available to the public in a jurisdiction of Canada describing a mineral project on a property material to the issuer, or in the case of paragraph (c) below, the resulting issuer:

f) an annual information form that includes material scientific or technical information about a mineral project on a property material to the issuer

(4) Subject to subsections (5), (6), and (7), the technical report referred to in subsection (1) must be filed not later than the time the document listed in subsection (1) that it supports is filed or made available to the public.
(5) Despite subsection (4), a technical report about mineral resources or mineral reserves that supports a news release must

(a) be filed not later than 45 days after the news release; and
(b) if there are any material differences in the mineral resources or mineral reserves between the technical report filed and the news release, be accompanied by a news release that reconciles those differences.

(6) Despite subsection (4), if a property referred to in an annual information form first becomes material to the issuer less than 30 days before the filing deadline for the annual information form, the issuer must file the technical report within 45 days of the date that the property first became material to the issuer.
(7) Despite subsection (4), a technical report that supports a directors' circular must be filed not less than 3 business days prior to the expiry of the take-over bid.

Ontario Securities Commission

National Instrument 43-101

Standards of Disclosure for Mineral Projects