Inspiration Updates Dewater Process
May 26 2014 - 5:26PM
Marketwired
Inspiration Updates Dewater Process
TORONTO, ONTARIO--(Marketwired - May 26, 2014) - Inspiration
Mining Corporation (the "Corporation")
(TSX:ISM)(PINKSHEETS:IRMGF)(FRANKFURT:OI8) would like to announce
that it is in the process of moving forward on its Langmuir Nickel
Property in the Timmins area of Ontario. The Corporation has
performed all of the requisite filings and steps for the conversion
of its claims to a lease and is now waiting for final approval from
the Ministry of Northern Development &Mining. The Corporation
is focused upon the advanced exploration of the higher grade
underground mineralization at the location of the Langmuir No. 1
Mine.
The next step for the exploration of the Langmuir No. 1 Mine is
for the Corporation to access the underground mine which was last
operated by the former owner, Timmins Nickel, when it simply
stopped production due to bankruptcy filing in 1991. The
underground ore body was being accessed through the existing ramp.
When production was interrupted, that ramp was simply abandoned and
over time it was flooded with ground water which is its present
condition.
The dewatering of the ramp will provide direct access to the
underground workings at a fraction of the costs if the ramp did not
exist. The necessary approvals for the dewatering will be primarily
dependent upon environmental issues. Anticipating those issues, the
Corporation retained BZ Environmental to complete a comprehensive
baseline study of the whole Langmuir property. That report, which
was undertaken in 2006 and completed in 2007, involved separate
surveys of water quality, sediment quality and benthic macro
invertebrate survey, which are the necessary basis for the
environmental impact of advanced exploration and, ultimately,
mining of the property.
Following the completion of the BZ Environmental, the
Corporation engaged Blue Heron Solutions for Environmental
Management Inc. ("Blue Heron") to initiate the necessary
environmental permitting initiatives in order for the Corporation
to obtain the necessary approvals for the dewatering of the
Langmuir No. 1 Mine. Using the BZ Environmental Report, Blue Heron
identified the required ministerial, environmental and local
approvals to commence the dewatering process and completed
conceptual engineering related to the dewatering process.
In preparation for the dewatering process and other advanced
exploration activities, Blue Heron, acting as an independent third
party consultant, has reviewed the baseline study and completed the
conceptual engineering related to the dewatering process. From
that, it determined that the dewatering process does not trigger
any environmental assessment under the Canadian Environmental
Assessment Act.
These activities are required in order for the Corporation to
submit the necessary permit applications for the dewatering
process. Apart from that, the Corporation is progressing to the
necessary consultations with the appropriate stakeholders and
aboriginal parties in order to ensure that all future exploration
activities on the Langmuir property are done in an efficient and
responsible manner.
"The Corporation has made tremendous strides in obtaining the
necessary approvals and permits necessary to commence the
dewatering process," stated Randy Miller, the President of the
Corporation, "and are awaiting final governmental approval. Upon
the receipt of such approval, the Corporation will take its next
significant step in the advancement of the Langmuir Property."
The TSX has
not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
Forward-Looking
Statements
This news release contains "forward-looking statements"
within the meaning of the United States Private Securities
Litigation Reform Act of 1995 and applicable Canadian securities
legislation. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as
"plans", "anticipated", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Inspiration is subject
to significant risks and uncertainties which may cause the actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements contained in this
release. Inspiration cannot assure investors that actual results
will be consistent with these forward-looking statements and
Inspiration assumes no obligation to update or revise the
forward-looking statements contained in this release to reflect
actual events or new circumstances.
Inspiration Mining CorporationRandy MillerChief Executive
Officer416-842-9000416-865-3368www.inspirationmining.com