20:31:31 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Inspiration Energy Corp (2)
Symbol ISP
Shares Issued 29,847,729
Close 2025-05-08 C$ 0.215
Market Cap C$ 6,417,262
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Inspiration applies for Rottenstone North drill permit

2025-05-09 10:01 ET - News Release

Mr. Charles Desjardins reports

INSPIRATION ENERGY APPLIES FOR DRILL PERMIT AT ROTTENSTONE NORTH GOLD PROJECT

Inspiration Energy Corp. has submitted a drill permit application to the Saskatchewan Ministry of Environment for its 100-per-cent-owned Rottenstone North gold project, located in Northern Saskatchewan, Canada, approximately 115 kilometres north of La Ronge, Sask. The project consists of one mineral claim covering approximately 4,512 hectares.

Inspiration's project is directly northwest and borders Ramp Metals Inc.'s Rottenstone SW gold project, which reported multiple gold zones from discovery hole Ranger-01 that included 73.55 grams per tonne gold and 19.50 grams per tonne silver over 7.5 metres from 227 metres, including 182 grams per tonne gold and 60.8 grams per tonne silver over 1.5 metres from 230.0 metres (see Ramp Metals' news release dated June 17, 2024). In December, 2024, Ramp Metals also announced very encouraging news, stating it had discovered new target zones on their discovery. One of these new zones, the Rush target, is directly bordering Inspiration's project. Inspiration management cautions that past results or discoveries on properties in proximity to Inspiration may not necessarily be indicative of the presence of similar mineralization on the company's properties.

The project is located within the Rottenstone domain, a regional northeast-southwest geological corridor, that includes the past-producing Rottenstone nickel/copper/platinum group element/gold mine, which, from 1965 to 1968, produced approximately 26,057 tonnes of high grade grading 3.28 per cent nickel, 1.83 per cent copper and 9.63 grams per tonne platinum plus palladium plus gold (Saskatchewan Mineral Deposits Index No. 09587).

"This is a significant step for Inspiration and a signal of renewed focus on the growth of the company," stated Charles Desjardins, chief executive officer of Inspiration. "New targets uncovered by Ramp Metals right up against our project potentially bode well for our upcoming drill programs, upon approval of our drill permit applications. This gold project is at the right address in Saskatchewan, which is one of the most business- and mining-friendly regions in the world. We look forward to getting drill equipment and boots on the ground, especially in light of this new discovery right at our border. Now that we have closed two financings, the company is going to embark on work and marketing programs starting this month. These are very exciting times for Inspiration."

National Instrument 43-101 disclosure

Dr. Scott Jobin-Bevans, PGeo (No. 0183), independent adviser to the company, is a qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects. Dr. Jobin-Bevans has reviewed and approved the technical content in this news release.

References

Certain contents of this release were obtained from the on-line mineral assessment file system in Saskatchewan, which provides access to non-confidential mineral assessment files, allowing users to search and explore valuable information related to mineral exploration and mining.

About Inspiration Energy Corp.

Inspiration Energy is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop properties of merit and to conduct exploration on the company's properties.

We seek Safe Harbor.

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