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5.4% Ni Delivered from
Winner during First Month Production Lanfranchi Nickel Mine, Kambalda
District of Western Australia
Vancouver , B.C. - Brilliant Mining Corp. (BMC: TSXV)
("Brilliant" or the "Company") today reported that the
first month of deliveries from the high-grade Winner ore body totaled 4,670
tonnes of ore grading 5.37% Ni. In October, the Winner ore body contributed
40% of the total ore delivered, setting a new record for Ni metal delivered
in one month from the 25% owned Lanfranchi Nickel Mine, located in the world
class Kambalda Nickel District of Western Australia.
Key Point
Summary:
- Winner
ore deliveries total 4,670
tonnes of ore grading 5.37% Ni for 251 tonnes of Ni metal
- Winner
represents 40% of Ni metal deliveries from 21% of ore deliveries
- Winner
was a major contributor to a record one-month Ni metal ore deliveries
from the Lanfranchi Mine for October which totaled 22,680 tonnes of ore grading
2.75% Ni for 623 tonnes of Ni metal
- Winner
ore production commenced October 14, 2007
"The significant contribution from the high-grade Winner orebody
in its first production month provides an indication of the potential that
can be achieved through ramp up" states John Williamson, CEO of
Brilliant Mining "In addition to bringing Winner on-stream, the Deacon
orebody is scheduled to be in production early next year and is projected to
provide an even greater impact".
October Production
The Lanfranchi JV delivered 22,680 tonnes of ore with an average grade of
2.75% Ni for 623 tonnes of Ni metal for the month of October 2007. Ore
production from the high-grade Winner orebody commenced on October 14, 2007
contributing 4,670 tonnes of ore grading 5.37% Ni for 251 tonnes of contained
Ni metal. This represents 40% of the total Ni metal derived from only
21% of the ore tonnes delivered.
Table 1 - Lanfranchi Mine October Ore Deliveries by
Source - 100% Basis (i)(ii)
|
Orebody
|
Ore Delivered
(DMT)
|
Ni Grade
(%)
|
Ni Metal
(Tonnes)
|
Ni Metal
(Lbs)
|
% of Ni Metal Deliveries
|
|
Winner
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4,670
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5.37
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251
|
552,949
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40%
|
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Other
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18,010
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2.07
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372
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820,721
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60%
|
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Total
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22,680
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2.75
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623
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1,373,671
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100%
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(i) 25% of the
reported ore deliveries or production is attributable to Brilliant Mining
Corp.
(ii) DMT = dry metric tonnes, T =
tonnes, Lbs = pounds
Winner Orebody
The Winner orebody contains a Probable Mineral Reserve of 144,003 tonnes of
ore grading 4.26% Ni metal and an Indicated Resource of 111,680 tonnes
grading 6.16% Ni. Ore sourced from Winner will be a key component for
future growth with a targeted level of approximately 8,000-10,000 tonnes of
ore per month when full level production is attained.
The Winner orebody is
located approximately 1 kilometre east of the main Lanfranchi workings with
access provided by an independent portal and decline. The upper mine
level at Winner is situated 155m below surface and has an elongated cigar
shape with a plunge of 30-40 degrees which is typically 10-20m thick in the
east/west plane and 30-60m thick in the north/south plane. The mineralization
is predominantly massive sulphides on the basalt/ultramafic contact with
minor disseminated sulphides hosted in the ultramafic.
Key Production
Catalysts
The main factors that will contribute to the significant ramp-up in
production are:
- Ore from the now producing
high-grade Winner orebody; and
- Ore from Deacon orebody with
a Probable Reserve estimated at 1,695,433 tonnes at 2.54% Ni for 43,009
tonnes of Ni metal and scheduled for first development ore production
November 2007 and first longhole stope ore production March 2008 (See Company press release dated August 7,
2007 and 43-101 technical report filed on SEDAR for details)
Brilliant Mining Corp.
owns a 25% interest in the Lanfranchi Joint Venture ("Lanfranchi
JV"), which owns the Lanfranchi Nickel Mine together with associated
infrastructure, mining leases and mineral claims. The remaining 75% interest
in the Lanfranchi JV is held by Sally Malay Mining Limited.
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.
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 3 active
nickel projects in Canada, including the Michikamau property in central
Labrador.
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:
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.
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