AC'97 front panel, mic not working

I lost my old panel which worked ok, I'm using a new panel but the microphone is not working.
I had interference from the usb ground to the audio ground (that's why panel is scratched/wired)
Audio output works perfectly.
The only change from when my mic worked is the panel, every configuration and drivers are the same.
Motherboard asus m5a97 r2.0, (diagram attached is from motherboard manual).
I already tried both HD and AC'97 setting on bios, with the old panel I used AC'97.

For the PCB/motherboard connections:
black = AGND
white = Line out_R
green = Line out_L
red = MIC2 (I already tried connecting it only to MICPWR and to both MIC2+MICPWR)

Any ideas what is the problem?
could it just be the jack on the panel or is there something else wrong?

Thanks

fireberd said:

Trace out the wiring, both in the AC97 plug that connects to the motherboard and the jack. An Ohmmeter can be used to verify the wiring from the AC97 plug to the Pink mic jack Tip, Ring and Sleeve.

I don't have one but I'll try that as soon as I get my hands on one, thanks.
Any idea what should be the correct wiring for the red cable? (MIC2/MICPWR/MIC2+MICPWR)

I couldn't get an ohmmeter but I tested with my phone line (don't try this at home... lol).
Mic red cable was faulty on 2 places(middle and near the connector), I just changed it with a piece from an old UTP cable.

For my setup right now I have connected both MIC2+MICPWR on red.

Thanks fireberd for the idea.