The Gold Property
Inspiration Mining has the rights to 100% interest (less a 5% Net Smelter Return less mining, millng, concentration, etc. expenses), in 31 contiguous lode claims covering 246 ha located approximately 35 km southwest of Salt Lake City, Utah, in the United States.  (See attached map.)  This property is referred to as the Barton Syndicate Claims.

Location of claims
The claims are located about 6.4 km north-northwest of Kennecott’s Bingham Canyon copper-gold-molybdenite mine, the world’s largest man-made excavation. The past-producing Melco gold mine also owned by Kennecott is located approximately 600 m northeast of the Barton Syndicate claims.

The General Area
The claims are located in rugged topography at the head of Dry Fork Canyon, on the eastern slope of the Oquirrh Mountains. Elevations on the property range from about 1,980 m in the east to 2,440 m in the west part of the Property.

Neighbouring mines
Just over 6 km north east of the Barton Syndicate claims is Kennecott’s Bingham Canyon Mine.  Bingham Canyon Mine is one of the world's biggest open pit mines (it's visible from space). Annual production at Bingham Canyon is nearly 300,000 tons of copper, about 300,000 ounces of gold, 3.5 million ounces of silver, and 4.5 million tons of molybdenum. In operation since 1906, Bingham Canyon has produced about 17 million tons of ore -- more than any other mine in history. It has plenty of ore left.

Lying just 600 meters to the southwest of the Barton Syndicate claims, and apparently on the same trend line, is the Melco gold mine, which was also owned by Kennecott.  Just beyond the Melco gold mine is the Barneys Canyon gold mine. Preproduction reserves at Barneys Canyon were calculated at 8.6 million tonnes grading 1.64 g/t gold.  Preproduction reserves at the Melco were calculated at 2.8 million tonnes grading 2.4 g/t gold.  In the 1988-2001 period production from the two mines aggregated 43,540 kilograms (1.4 million ounces) of gold.

Past Geology
Historical exploration programs by Kennecott Utah Copper Corporation (and affiliated / successor corporations) identified several gold and arsenic geochemical anomalies on the property. A 1989 induced polarization / resistivity survey conducted to the northeast of the property identified a resistivity low anomaly that is spatially coincident with the Melco and Barneys Canyon gold mines. This geophysical feature extends onto the property and has been partially tested with two reverse circulation drill hole, which returned weakly anomalous gold, arsenic and mercury values, consistent with geochemical associations noted at the neighbouring gold mines.

Road Access
The Barton Syndicate claims are accessed by gravel and un-improved roads north of the Bingham Canyon Mine.

Available Refining facilities
Kennecott operates a huge refining infrastructures at its Bingham Canyon Mine which lies in close proximity of the Barton Syndicate Claims, easily accessible by road.

Explored Potential
The Barton Syndicate Property lies along a southwest structural trend that passes through Kennecott’s recent Barneys Canyon and Melco discoveries. The conceptual exploration target for the Barton Syndicate Property is sediment hosted, disseminated gold deposit amenable to open pit mining.

Business Plan for the Property
Inspiration Mining has only recently gained control of the Barton Syndicate property under an agreement to expend CND $600,000 in exploration on the property over the next four years.  If sufficient reserves are identified for commercially mining, the Company then has the right to mine those reserves; subject to it paying a 5% Net Smelter Reserve (less all mining, milling, smelting, transportation, etc. expenses) as defined.  It has a further option to purchase 100% of the property for $10,000,000.

Summary
Presently, gold sells on the world commodity market, recently bringing in the range of US $600 per ounce .  Should the planned geological study programs confirm that the property does contain ore in the quantity and of the quality of the nearby Melco and Barneys Canyon mine sites, potential gross values or the Barton property could approach substantial value.  Although it is far too early to project whether and in what amount reserves are in fact present, the location, geological information and history of the Barton Syndicate property make it a very interesting prospect target.

Business Plan - Exit Strategies
The Company is undertaking to complete detailed core drillings and other geology to quantify and define the mineral reserves.  When completed, its intentions are to negotiate the potential sale of those reserves to a major mining company.  Meanwhile, its stock is traded on the TSX Venture Exchange under the trading symbol ISM and on the Frankfurt Stock Exchange  under the Symbol OI8.