Inspiration Mining Corporation is a public junior mining company that trades on the Toronto Stock Exchange under the symbol "ISM", and on the Frankfurt Stock Exchange under the symbol "OI8".
The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario. It is also exploring nickel-gold-copper on its Cleaver and Douglas properties. The company is also exploring for molybdenum and rare earth elements at its recently acquired Desrosiers property.
The Company owns, through its 100% owned subsidiary Metal Mines Inc., a 100% interest in 28 contiguous unpatented mining claims containing 69 claim units and covering 1,079 ha (2,212 acres) which lies within Langmuir Township, Porcupine Mining Division, District of Cochrane, Ontario. The property is approximately 25km (15.5 miles) southeast of the City of Timmins, Ontario, and the city centre is approximately 21.8km (13.5 miles) west of Xstrata's Copper/Nickel metallurgical site.
The Cleaver Property currently consists of 13 contiguous unpatented mining claim containing 192 claim units and covering 3,072 ha (7,680 acres), which lies within the northeastern portion of Cleaver Township, the southeastern portion of Fallon Township, the southwestern portion of Fasken Township and the northwestern portion of McNeil Township, Porcupine Mining Division, District of Cochrane, Ontario, and is located approximately 46.7km (29 miles) south of South Porcupine, Ontario and approximately 15km (9.4 miles) south of the Langmuir Property.
The Douglas Property currently consists of 7 contiguous unpatented mining claims containing 104 claim units and covering 1,408 ha (3,520 acres), which lies within the Douglas Township, Porcupine Mining Division, District of Cochrane, Ontario, and is approximately 4.1 km west of the Cleaver Property. The former Texmont Nickel Mine is located approximately 9.6 km to the west-southwest of the Douglas Property.
In November 2008 the Company acquired all of the issued and outstanding securities of 1691063 Ontario Ltd. Thus acquiring a 100% interest in 42 claim units known as the Desrosiers Property. The Desrosiers Property (located in the Desrosiers Township) is approximately 150km southwest of the City of Timmins. Based on the mineral showings in the area, the Company has now staked 17 additional claims consisting of 219 claim units adjacent to the original property. When added to the original 680ha (1,680 acres) Desrosiers claims the Company now holds a total land base of appoximately 4,184 ha (or 10,400 acres).
The Company also owns a lease on, and an option to acquire a 100% interest (less a 5% NSR) ownership in, 31 contiguous lode claims (the "Barton Syndicate Property" or "Dry Fork Property") covering 246 ha, located approximately 35 km southwest of Salt Lake City, Utah, in the United States.