|By Marketwired .||
|June 2, 2014 06:22 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/02/14 -- Inspiration Mining Corporation (the "Corporation") (TSX: ISM)(FRANKFURT: OI8)(PINKSHEETS: IRMGF) would like to announce that it intends to proceed with the dewatering of the existing ramp (the "Ramp") to the Langmuir No. 1 mine. The Corporation intends to dewater the Ramp in order to commence an advanced exploration program in the higher grade mineralization ore body which occurs in the Langmuir No. 1 mine. The dewatering process requires a permit to take water ("PTTW") application to the Ministry of the Environment. The PTTW is required to ensure safe working conditions and to supply process water for the mining operations. To support its application, the Corporation retained AMEC Earth & Environmental, a division of AMEC Americas Limited ("AMEC"), to undertake a hydrogeological study.
The Ramp was used by the property's former owner, Timmins Nickel, to extract over 100,000 tonnes of ore with an average of 2.2% nickel. Langmuir No. 1 mine is an underground mine which is only accessible through the use of the Ramp, which extends to a length of 1,650 feet. Upon the cessation of operations by Timmins Nickel, the Langmuir No. 1 mine and the Ramp were allowed to be filled with ground and rain water.
The results of the AMEC study were issued on September 3, 2008. That study was quite extensive and had to be based on a large number of factors, including surface water drainage, nature of the overburden and bedrock, groundwater chemistry, the details, underground water flow, and a multitude of environmental factors. The preparation of also required consideration not only all historical data for the area as well as the baseline environmental report by BZ Environmental. Details not otherwise available were developed through additional DDH drilling by AMEC to provide information.
In addition, a numerical 3D steady-state groundwater flow (MODFLOW) model was developed to estimate seepage into the underground workings at the Langmuir No.1 mine site and to access the zone-of-influence associated with the long-term mine dewatering operations. The model is based on the previously developed groundwater flow model for the McWatters Mine Site located at a distance of about 2 km to the south of the Langmuir No.1 Mine site.
Model simulations, conducted for the Langmuir No 1 mine site by AMEC, showed that:
-- Long-term groundwater seepage into the increased (by about 25%) existing underground mine workings is expected to be about 150 m, -- Zone-of-influence, defined by the 0.3 m drawdown contour, is predicted to not exceed about 2 km from the mine site, -- Reduction of the groundwater flow contribution to the unnamed creek, originating at a distance of about 750 m to the south-east of the mine site, is predicted to be 50 m, and -- Total groundwater flow contribution to Night Hawk Lake and its tributaries is predicted to be reduced by about 65 m due to the dewatering of the Langmuir No.1 Mine.
Based on the above, AMEC concluded in its report that dewatering of the underground workings at the Langmuir No. 1 mine site may have a relatively limited impact on the nearby surface water features. However, impact on other surface water features, located further away from the mine site, is expected to be non-measurable or negligible.
"The dewatering process will represent a significant step forward in the advancement of the property," stated Randy Miller, the President of the Corporation. "The dewatering of the ramp is necessary for the Corporation to access the higher grade ore body in the Langmuir No. 1 Mine. Once access is obtained, the Corporation will be in a position to further advance the 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 Corporation
Chief Executive Officer
Nowadays, a large number of sensors and devices are connected to the network. Leading-edge IoT technologies integrate various types of sensor data to create a new value for several business decision scenarios. The transparent cloud is a model of a new IoT emergence service platform. Many service providers store and access various types of sensor data in order to create and find out new business values by integrating such data.
Oct. 9, 2015 04:00 AM EDT Reads: 544
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction....
Oct. 9, 2015 04:00 AM EDT Reads: 218
Containers are changing the security landscape for software development and deployment. As with any security solutions, security approaches that work for developers, operations personnel and security professionals is a requirement. In his session at @DevOpsSummit, Kevin Gilpin, CTO and Co-Founder of Conjur, will discuss various security considerations for container-based infrastructure and related DevOps workflows.
Oct. 9, 2015 04:00 AM EDT Reads: 229
Achim Weiss is Chief Executive Officer and co-founder of ProfitBricks. In 1995, he broke off his studies to co-found the web hosting company "Schlund+Partner." The company "Schlund+Partner" later became the 1&1 web hosting product line. From 1995 to 2008, he was the technical director for several important projects: the largest web hosting platform in the world, the second largest DSL platform, a video on-demand delivery network, the largest eMail backend in Europe, and a universal billing syste...
Oct. 9, 2015 04:00 AM EDT
The broad selection of hardware, the rapid evolution of operating systems and the time-to-market for mobile apps has been so rapid that new challenges for developers and engineers arise every day. Security, testing, hosting, and other metrics have to be considered through the process. In his session at Big Data Expo, Walter Maguire, Chief Field Technologist, HP Big Data Group, at Hewlett-Packard, will discuss the challenges faced by developers and a composite Big Data applications builder, foc...
Oct. 9, 2015 04:00 AM EDT Reads: 488
DevOps and Continuous Delivery software provider XebiaLabs has announced it has been selected to join the Amazon Web Services (AWS) DevOps Competency partner program. The program is designed to highlight software vendors like XebiaLabs who have demonstrated technical expertise and proven customer success in DevOps and specialized solution areas like Continuous Delivery. DevOps Competency Partners provide solutions to, or have deep experience working with AWS users and other businesses to help t...
Oct. 9, 2015 04:00 AM EDT Reads: 206
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
Oct. 9, 2015 04:00 AM EDT Reads: 279
As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ability. Many are unable to effectively engage and inspire, creating forward momentum in the direction of desired change. Renowned for its approach to leadership and emphasis on their people, organizations increasingly look to our military for insight into these challenges.
Oct. 9, 2015 03:45 AM EDT
Chris Van Tuin, Chief Technologist for the Western US at Red Hat, has over 20 years of experience in IT and Software. Since joining Red Hat in 2005, he has been architecting solutions for strategic customers and partners with a focus on emerging technologies including IaaS, PaaS, and DevOps. He started his career at Intel in IT and Managed Hosting followed by leadership roles in services and sales engineering at Loudcloud and Linux startups.
Oct. 9, 2015 03:00 AM EDT Reads: 198
The cloud has reached mainstream IT. Those 18.7 million data centers out there (server closets to corporate data centers to colocation deployments) are moving to the cloud. In his session at 17th Cloud Expo, Achim Weiss, CEO & co-founder of ProfitBricks, will share how two companies – one in the U.S. and one in Germany – are achieving their goals with cloud infrastructure. More than a case study, he will share the details of how they prioritized their cloud computing infrastructure deployments ...
Oct. 9, 2015 03:00 AM EDT Reads: 729
There are so many tools and techniques for data analytics that even for a data scientist the choices, possible systems, and even the types of data can be daunting. In his session at @ThingsExpo, Chris Harrold, Global CTO for Big Data Solutions for EMC Corporation, will show how to perform a simple, but meaningful analysis of social sentiment data using freely available tools that take only minutes to download and install. Participants will get the download information, scripts, and complete en...
Oct. 9, 2015 03:00 AM EDT Reads: 290
WebRTC services have already permeated corporate communications in the form of videoconferencing solutions. However, WebRTC has the potential of going beyond and catalyzing a new class of services providing more than calls with capabilities such as mass-scale real-time media broadcasting, enriched and augmented video, person-to-machine and machine-to-machine communications. In his session at @ThingsExpo, Luis Lopez, CEO of Kurento, will introduce the technologies required for implementing thes...
Oct. 9, 2015 03:00 AM EDT Reads: 719
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
Oct. 9, 2015 02:00 AM EDT Reads: 2,205
Data loss happens, even in the cloud. In fact, if your company has adopted a cloud application in the past three years, data loss has probably happened, whether you know it or not. In his session at 17th Cloud Expo, Bryan Forrester, Senior Vice President of Sales at eFolder, will present how common and costly cloud application data loss is and what measures you can take to protect your organization from data loss.
Oct. 9, 2015 02:00 AM EDT Reads: 574
Today’s connected world is moving from devices towards things, what this means is that by using increasingly low cost sensors embedded in devices we can create many new use cases. These span across use cases in cities, vehicles, home, offices, factories, retail environments, worksites, health, logistics, and health. These use cases rely on ubiquitous connectivity and generate massive amounts of data at scale. These technologies enable new business opportunities, ways to optimize and automate, al...
Oct. 9, 2015 02:00 AM EDT Reads: 165