Brilliant Mining Corp.

Published : January 14th, 2009

39% Increase of Deacon Indicated Mineral Resource to 157.4 Million Lbs Lanfranchi Nickel Mine, Kamb

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Australia | Canada | Diamond | Nickel |
Brilliant Mining Corp. Suite 1440, 625 Howe St.
Vancouver BC, V6C 2T6

Toll Free: 1-888-331-2269

BMC: TSX-V

39% Increase of Deacon Indicated Mineral Resource to 157.4 Million Lbs
Lanfranchi Nickel Mine, Kambalda District of Western Australia

January 14, 2009

Vancouver, B.C. - Brilliant Mining Corp. (BMC: TSXV) (�Brilliant� or the �Company�) today reported an updated Deacon Indicated and Inferred Mineral Resource from its 25% owned Lanfranchi Nickel Mine, located in the world class Kambalda Nickel District of Western Australia.

Key Point Summary:

  • 39% increase in Indicated Mineral Resource at the Deacon ore body to 2.44 Mt at 2.93% for 71,400t (157.4 MLbs) of Ni metal
  • 250m down plunge extension of Indicated Mineral Resource
  • Almost total conversion of Inferred to Indicated Mineral Resource
  • Detailed mine plan to convert Indicated Resource into Ore Reserve status is currently underway
  • 4.14 Mt at 2.63% Global Lanfranchi Mine Mineral Resource for 109,000t (240.1 Mlbs) of Ni metal

Deacon Ore Body Resource Update

Following the completion of 7,844 metres (m) of additional infill and down-plunge extensional drilling at Deacon, a revised Mineral Resource estimate reported a 39% increase in the Indicated Mineral Resource category to 2.44 Mt at 2.93% for 71,400t (157.4 MLbs) of Ni metal (See Table 1).  This represents a 250m down plunge extension of the Indicated Mineral Resource as well as almost total conversion of Inferred to Indicated Mineral Resource (See Figure 1).

Detailed mine plans to convert this resource in to Ore Reserve status is currently underway.  Previous resources to reserve conversion at Deacon have achieved conversion rates of 95% on a nickel metal basis.

Table 1: Deacon Mineral Resource Estimate � 100% Basis*

 

 

December 31 2008

June 30 2008

Resource

 

Category

 

Tonnes

Ni

Ni Metal

Tonnes

Ni

Ni Metal

(,000)

(%)

(tonnes)

(Mlbs)

(,000)

(%)

(tonnes)

(Mlbs)

Deacon

 

Indicated

2,440

2.93

71,400

157.4

1,780

2.88

51,400

113.2

Inferred

     20

2.03

     400

0.9

460

2.64

12,200

26.9

Notes:
1. Resources estimated at 1.0% Ni cut-off
2. All mineralized zone interpretations were reviewed and modified where necessary by BM Geological Services Pty Ltd (BMGS) in consultation with Lanfranchi Joint Venture staff prior to resource estimation.
3. BMGS believes that the current geological models are fundamentally sound and provides an appropriate basis for mine planning and project evaluation.
4. Additional notes detailing with the Resource Estimation Parameters utilized are listed at the bottom of this press release
*. 25% of the reported Mineral Resource is attributable to Brilliant Mining

Lanfranchi Project Global Resource Update

The revised Deacon Mineral Resource estimate has correspondingly upgraded the Lanfranchi Project global  Mineral Resource estimate to 4.14 Mt at 2.63% for 108,900t (240.1 MLbs) of Ni metal in the Indicated category (See Table 2).

 

Table 2: Lanfranchi Project Mineral Resource Estimate � 100% Basis*

 

 

December 31 2008

June 30 2008

Resource

Category

Tonnes

Ni

Ni Metal

Tonnes

Ni

Ni Metal

(,000)

(%)

(tonnes)

(Mlbs)

(,000)

(%)

(tonnes)

(Mlbs)

Total

Measured

227

2.93

6,643

14.6

227

2.93

6,643

14.6

Indicated

4,138

2.63

108,900

240.1

3,481

2.55

88,873

195.9

Inferred

1,182

1.53

18,060

39.8

1,622

1.84

29,846

65.8

Notes: See July 31, 2008 Company press release for details
* 25% of the reported Mineral Resource is attributable to Brilliant Mining

Deacon Down Plunge Delineation Drill Program

The resource delineation drill program from the Deacon 5920 hanging wall dedicated drill drive was completed in December 2008.  A total of 43 drill holes comprising 7,844m were completed and form the basis for the revised Mineral Resource estimate.  The latest drill program in-filled the previously defined Mineral Resource sufficiently to permit most of the Inferred Resource to be classified as Indicated. The drilling also extended the Deacon Indicated Mineral Resource beyond the previous Mineral Resource Limit for an additional 150m down-plunge to the south. 

Figure 1: Deacon Resource 3-D Model in Long Section

Significant Drill Intercepts Down-Plunge of Reserve limit include:

  • 2.87% Ni over 24.6m
  • 3.27% Ni over 25.8m
  • 2.68% Ni over 22.2m
  • 2.60% Ni over 19.3m; over 200m down-plunge of Reserve limit

Drill results for the three holes completed on Section 513425mN (275m down-plunge of Deacon Reserve limit) contrast from the fence drilled on Section 513475mN indicating either a possible change in orientation, structural dislocation or an apparent termination of the mineralization.  The small number of pierce points on the last drill section does not provide a clear interpretation.  Further drilling is required to determine the continuation of the mineralized channel.

The project is supervised by John Williamson, P.Geol., of Edmonton, Alberta. Mr. Williamson is CEO and a Director of Brilliant, and is the qualified person as defined by National Instrument 43-101.

**Table 1 Notes:
The Deacon Mineral Resource Estimate, which is JORC-compliant, has been prepared by BM Geological Services Pty Ltd and Lanfranchi Nickel Mines personnel; and has been reconciled to the mineral resource and mineral reserve categories as set out by and adopted by the CIM Council. The estimate is based on a 3D Surpac block model utilizing a block size of 10m NS x 10m EW x 2m vertical with 5.0m x 5.0m x 1.0m sub-cells. The model comprises 152 underground Diamond drill holes for a total of 21725m of Diamond drilling with a total of 6297 core samples collected. All holes have been accurately located using theodolite survey instruments and down-hole �Reflex EZ Shot� survey cameras.  Grade interpolation is by Inverse Distance techniques using an oriented search ellipse based on the geometry of the mineralization. Models for validation and verification have also been completed using Ordinary Kriged interpolations. 

The tonnes and grade of the Mineral Resource estimate is the material constrained within the interpreted mineralization wireframes which were constructed on sectional interpretations no greater than at 50m centres (infill drilled areas provided for the construction of sectional interpretations at 25 and 12.5m centers) to a 1.0% Ni cut-off grade.  When present, high grade massive nickel sulphide mineralization was domained separately.

The Deacon Mineral Resource is largely classified as Indicated due to the good continuity of the mineralization, the adequate drill hole spacing and the confidence gained from QA/QC checks and data validation.  A small zone of mineralization at the extremities of the resource has been classified as Inferred due to the lack of sample support and/or poor continuity of grade and lithological controls.

All core samples collected have been half cored using a Diamond saw. The minimum sample size was set at 20cm and the maximum sample size was set at 1.00m.  KalAssay Laboratories in Kalgoorlie (KalAssay) have completed all assaying of the samples collected by LNM. The analytical technique employed to analyze all samples is a 4 acid digest with an ICP finish.

About Brilliant Mining Corp.

Brilliant Mining Corp. is focused on the production, development and exploration of nickel opportunities world wide. The Company currently has a 25% interest in the producing Lanfranchi Nickel Mine in Western Australia and has the Michikamau nickel project in central Labrador, Canada. 

On behalf of the Board of Directors

�Mike Sieb�
Mike Sieb, B.Sc., MBA
President

Brilliant Mining Corp.

For further information about Brilliant Mining Corp., or this news release, please visit our website at www.brilliantmining.com, or contact:

Mike Sieb
President
604-646-4525
mikes@brilliantmining.com
Derek Iwanaka
Investor Relations 
604-646-4524 
info@brilliantmining.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain disclosures in this release, including management's assessment of Brilliant�s plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Brilliant's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Brilliant expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

- -
<
Data and Statistics for these countries : Australia | Canada | All
Gold and Silver Prices for these countries : Australia | Canada | All

Brilliant Mining Corp.

EXPLORATION STAGE
CODE : BLT.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Brilliant Mining is a nickel exploration company based in Canada.

Brilliant Mining holds various exploration projects in Canada.

Its main exploration property is MISCHIKAMAU in Canada.

Brilliant Mining is listed in Canada. Its market capitalisation is CA$ 38.1 millions as of today (US$ 30.9 millions, € 27.7 millions).

Its stock quote reached its highest recent level on January 16, 2009 at CA$ 0.56, and its lowest recent point on April 19, 2013 at CA$ 0.03.

Brilliant Mining has 149 450 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Brilliant Mining Corp.
2008 Annual Report
2007 Annual report
Financings of Brilliant Mining Corp.
4/18/2006Revises private placement terms
Project news of Brilliant Mining Corp.
10/8/2014Montana Exploration Corp. announces agreement to acquire Bri...
1/29/2009(Lanfranchi)Record Nickel Metal Production for December 2008 Quarter Lan...
1/14/2009(Lanfranchi)39% Increase of Deacon Indicated Mineral Resource to 157.4 M...
9/19/2008(Lanfranchi)Contained Nickel Reserves Increase to 146 million pounds and...
9/4/2008(Lanfranchi)450,000 Tonnes of Ore Approved for Delivery Lanfranchi Nicke...
8/1/2008(Kambalda)June Quarterly Production Update Lanfranchi Nickel Mine, Kam...
8/1/2008(Kambalda)Resource and Exploration Update Lanfranchi Nickel Mine, Kamb...
7/17/2008(Kambalda)Strong Production Growth Forecast - Lanfranchi Nickel Mine K...
4/23/2008(Lanfranchi)Record Quarterly Production – 49% Increase over December 200...
4/23/2008(Lanfranchi)7.0% Ni over 1.22m from First Hole on Northern Tramways Dome...
3/31/2008(Lanfranchi)Production Commences 18 Months After Discovery at High-Grade...
3/13/2008(Lanfranchi) Drill Program to Commence Lanfranchi Nickel Mine, Kambalda ...
1/31/2008(Lanfranchi)Record Quarterly Production?47% Increase over September Quar...
1/30/2008(Lanfranchi)Significant Conductor Identified on Northern Overturned Tram...
11/29/2007(Kambalda)5.4% Ni Delivered from Winner during First Month Production ...
10/30/2007(Kambalda)Winner Production Commenced Oct. 14?First Month Ore Deliveri...
10/29/2007(Lanfranchi)High Grade Massive Ni Sulphide Intersected on Overturned Nor...
10/4/2007Intersects Nickel Sulphide Mineralization at Michikamau Proj...
9/13/2007(Lanfranchi)High Grade Massive Ni Sulphide Zone Delineated, Lanfranchi O...
8/10/2007(Lanfranchi)Deacon Ore Reserve Economic Input Summary; Lanfranchi Nickel...
7/31/2007(Lanfranchi)June 2007 Quarterly Update
7/10/2007(Kambalda)Drilling Validates Tramways Dome Theory; 3.4% Ni over 1 Metr...
7/3/2007(Kambalda)Resource Delineation Drill Program Underway on Lanfranchi Ex...
6/25/2007(Mischikamau)Commences Exploration Program at Michikamau Ni-Cu-Co-PGE Pro...
5/29/2007(Kambalda)21,000 Tonnes (46.8 Million Lbs) Ni Metal Production Target ...
Corporate news of Brilliant Mining Corp.
4/20/2015Brilliant Announces Proposed Investment in Ram Power
4/15/2015Brilliant Announces Appointment of CFO and New Head Office
4/10/2015IIROC Trading Resumption - BLT
4/10/2015Announces Plans for A Return of Capital; Change of Business ...
4/10/2015Brilliant Announces Plans for A Return of Capital; Change of...
4/10/2015IIROC Trading Halt - BLT
4/9/2015Brilliant Receives Final Payment from Government of Equatori...
3/24/2015Brilliant Receives Third Payment from Government of Equatori...
2/26/2015IIROC Trading Resumption - BLT
2/26/2015IIROC Trading Halt - BLT
2/26/2015Brilliant Receives Second Payment from Government of Equator...
2/11/2015Brilliant Announces Cancellation of Shares
2/11/2015IIROC Trading Resumption - BLT
2/11/2015IIROC Trading Halt - BLT
2/11/2015Brilliant Provides Update on Payment From Government of Equa...
1/30/2015Brilliant Provides Update on Agreement With Government of Eq...
1/22/2015IIROC Trading Resumption - MPL; BLT
1/22/2015Brilliant Announces Agreement with the Government of Equator...
1/22/2015IIROC Trading Halt - BLT
11/25/2014Brilliant Resources and Montana Exploration Announce Termina...
10/8/2014Brilliant Announces Letter Agreement Setting Out Terms of Ac...
6/12/2014Brilliant Proceeds to Arbitration Against the Government of ...
11/19/2008Will Be Exhibiting at the San Francisco Hard Assets Conferen...
9/26/2008Will Be Exhibiting at the Toronto Resource Investment Confer...
6/23/2008TSX Venture 50 Ranks Brilliant Mining In Top 10 Mining Compa...
6/16/2008Ore Deliveries Unaffected - Lanfranchi Nickel Mine, Kambalda...
5/29/2008Retires $5 Million Convertible Debenture with Cash Payment
5/15/2008Cash Position Increases Receives $3.4 Million from Warrant E...
4/16/2008Visits Kamloops, White Rock and Victoria
1/29/2008Presents at 2008 World Outlook Financial Conference
1/15/2008Chairman s Message - Brilliant Mining 2007 Year in Review
11/1/2007Strong Conductor Down-Plunge of Deacon?Surface Drill Program...
9/24/2007Reports Significant Increase to Nickel Reserves and Resource...
8/7/2007Deacon Ore Reserve Exceeds 43,000 Tonnes of Nickel Metal; Tr...
8/1/2007Brilliant Nickel Production Un-hedged, Lanfranchi Nickel Min...
7/17/2007Quarterly Nickel Ore Deliveries Lanfranchi Nickel Mine, Kamb...
7/16/2007Commences Drilling at Michikamau Ni-Cu-Co-PGE Project: Labra...
6/20/2007Recognized as Top 10 Mining Company For 2007 TSX Venture 50 ...
3/5/2007Initial Deacon Resource Exceeds Expectations; 1,325,000 Tonn...
5/26/2006closes acquisition of Donegal Resources Pty Ltd.;…
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (BLT.V)
0.255+0.00%
TSX-V
CA$ 0.255
06/26 15:59 -
0%
Prev close Open
0.255 0.255
Low High
0.250 0.255
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.255 -1.92%
Volume 1 month var.
114,001 -1.92%
24hGold TrendPower© : -6
Produces
Develops
Explores for Cobalt - Copper - Nickel
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 1/23/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.66-0.71%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53+1.14%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.22+2.38%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :