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Published byKenneth Johnston Modified over 8 years ago
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INSPIRATION MINING CORP. JASPER PROPERTY
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Jasper Property Jasper Property is located on Vancouver Island in British Columbia approx 120 km from Myra Falls.
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Share Structure Authorized Capital 100,000,000 shares Issued and Outstanding 8,156,554 shares Special Warrants O/S 380,000 units Options Issued 550,000 Opt. F/T Special Warrants1,691,333 units Unit Offering Fully Diluted 12,003,554 shares
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Financing MINIMUM 1,000,000 F/T Special Warrants @$.30 840,000 units @ $.25 Including financing and if all warrants and options are exercised this would raise approx. $2.5 million MAXIMUM 2,000,000 F/T Special Warrants@ $.30 1,680,000 Units @ $.25 Fully diluted if all warrants are exercised there would be approx. 18.2 million shares issued
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Overview Jasper Prop is 100% owned by Inspiration Consists of 82 Mineral Claims(2050 ha) Extensive surface work has been done since 1970 New showings have been discovered by cutting of new roads. 120 km from Myra Falls. Our target is a Myra Falls VMS type deposit
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Massive Sulphide Showings 4+ km strike length from north to south Eight showings from end to end of strike J Branch Main Showing is 44m long and 2m wide at the north end The Pan Showing is at the South end
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Pan Road Showing SAMPLES 4.6% Cu 17.4% Zn 7.1% Cu 19.3% Zn 2.1% Cu 22.3% Zn 17.2% Pb all samples have Au & Ag values
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J-Branch Main Showing Four showings were sampled in outcrop 2.0%-4.9% Cu 4.5%-17% Pb 18%-32% Zn 76.8 ppm Ag & 315 ppm Au
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Economics Good infrastructure in place roads, power, water, workforce etc. Very close proximity to existing mine therefore 2 mil. tonnes would be an orebody last deposit found at Myra Falls was 12 mil. tonnes
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History The surface work began on the Property in 1970 There has been a number of companies that have conducted exploration work on the claims The claim group has never been consolidated under one ownership until recently
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History All massive sulphide showings were discovered on the Jasper Property due to new road cuts on the property Showings are conformable massive sulphide layered beds In 1994 claims were finally assembled under one ownership
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History Inspiration options all the claims in 1995 Inspiration acquires property outright by way of Bill of Sale, event Number 3086088 dated May 9, 1996 Property has sat dormant since then due to poor market conditions Property has never been drilled
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Myra Falls Production & Reserves to Date 40 m. tonnes 2.1 g/tonnes Au 49.0 g/tonne Ag 1.8% Cu 0.5% Pb 6.1 % Zn
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RECOMMENDATIONS A phased $500,000 exploration program is recommended Drill targets are indicated at the J-Branch Main Showing Pan Showing is also ready to drill with a minimal amount of exploration work
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