Brilliant Mining Corp.

Published : July 31st, 2007

June 2007 Quarterly Update

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

Toll Free: 1-888-331-2269

BMC: TSX-V

June 2007 Quarterly Update 5.37% Ni Over 24.1m at Lanfranchi Extension Resource Delineation Program Lanfranchi Nickel Mine, Kambalda District of Western Australia

Vancouver, B.C. - Brilliant Mining Corp. (BMC:TSXV) ("Brilliant" or the "Company") today reported the nickel ore production and an update of operations for the quarter ending June 30, 2007 ("June 2007 Quarter") from its 25% owned Lanfranchi Nickel Mine, located in the world class Kambalda Nickel District of Western Australia.

Key Point Summary:

* 60,864 tonnes of ore mined(i) in last quarter represents a 17% increase from previous quarter
* Very strong geophysical conductor at base of Deacon Inferred Resource
* 5.37% Ni over 24.1 metres drill intercept at Lanfranchi Extension
* Continued success at the Tramways Dome North Drill Program

Production

The Lanfranchi Nickel mine produced 60,864 dry metric tonnes(i) of ore averaging 2.19% Ni during the quarter for 1,330 tonnes (2.9 million lbs) of Ni metal contained.  Compared to the previous quarter, this represents an increase of 17% increase in ore production.

Table 1 - Lanfranchi Project Operating Statistics - 100% Basis(i)

 

Details

Units

3 months
ending
30 Jun 2007

3 months
ending
31 Mar 2007

3 months
ending
31 Dec 2006

Mining

Ore mined

DMT

60,864

52,030

61,173

 

Ni grade

%

2.19

2.21

2.39

 

Ni metal

DMT

1,330

1,149

1,465

 

Contained

Lbs

2,932,148

2,533,111

3,230,000

 

Cu grade

%

0.20

0.19

0.20

Deliveries

Ore delivered

DMT

 57,558

52,082

61,631

 

Ni grade

%

2.22%

2.21

2.39

 

Ni metal

T

1,278

1,150

1,473

 

Contained

Lbs

2,817,000

2,535,000

3,247,000

 

Cu grade

%

0.19

0.19

0.20

(i)  25% of the reported ore mined or delivered is attributable to Brilliant Mining Corp.
(ii) DMT = dry metric tonnes, T = tonnes, Lbs = pounds

The continued strategy at the Lanfranchi Mine will be to focus on capital development in the near term to maximize production and revenues in the long term.  Currently, two out of three mine crews are committed to the capital development of the Lanfranchi orebody, Winner orebody and Deacon Resource.  The incorporation of these new sources of material into the active mine plan will have a dramatic impact on the production profile with nickel metal production projected to double over the next three quarters from current levels.

Winner Development

A section of deep weathering was encountered early in the quarter, temporarily slowing the Winner decline development, but advance rates returned to budget during May once the ground conditions improved.  Ore delivery to surface from Winner is on track to commence early next quarter. The Probable Mineral Reserve at Winner is 144,003 tonnes of ore at 4.26% Ni for 6,139 tonnes (13.5 million lbs) of Ni metal.

Deacon Resource Down-Plunge Drill Program

A 500m platform EM hole (HS301A) below Deacon from near the base of the Helmut South decline was completed, however, due to technical difficulties, approximately only the top 300m of the hole was surveyed.  The results indicate a very strong geophysical conductor to the bottom of the hole.  The extent of the geophysical survey remained within the lower limits of the inferred resource (as shown in Figure 1). 

Figure 1: Deacon Resource Plan View

Figure 2: Deacon Resource Cross-Section

Due to the strength of the conductor, two parallel EM drill holes are planned to commence shortly to test the area 200m beyond the current base of the Deacon resource.

Deacon Resource Up-Plunge Drill Program

The drilling focus during the quarter shifted to the up-plunge portion of the Deacon channel structure, between Helmut and the currently defined top of the Deacon resource at approximately 514000mN.  An initial eleven hole drill program comprising 2,030 meters was completed from Stockpile 5 off the Helmut South Decline at -444mRL.

The aim of this program was to define the general shape and direction of the channel structure to determine an appropriate position for the development of a dedicated hanging wall drill drive to facilitate resource definition drilling of the up-plunge extent of Deacon.

No significant mineralization was encountered about the ultramafic/basalt contact in any of the Stockpile 5 drill holes, although broad intervals of highly altered, iron sulphide rich basalt were intersected in several drill holes. Assays are awaited for these zones. The Stockpile 5 drilling indicates an abrupt shift in the orientation and shape of the Deacon/Helmut channel structure occurring at about 514000mN (the previously defined northern limit of the Deacon mineralisation). 

The Stockpile 5 drill station location was marginally suitable to target the extrapolated position of the up-plunge extent of Deacon due to the oblique nature of the drilling.  The interpreted deviation in the Deacon mineralization or ultramafic/mafic contact from the projected trend produced a highly problematic scenario and indeterminate results.  Therefore, a detailed assessment of the Stockpile 5 drilling is required before any definitive comments can be made about the up-plunge extent of the Deacon mineralisation and before a dedicated drill drive can be positioned.

Lanfranchi

A resource definition drill program has commenced to evaluate the next 80 vertical metres of down-plunge continuation of the Lanfranchi orebody. The program, which will be undertaken from an extended 15K hanging wall drill drive (Figure 4), will comprise 40 drill holes for 4,100 drill metres.

To date, 26 holes (LAN123-148) comprising 2,437 drill metres, have been completed with assay results received from the first ten holes as summarized in Table 1 with locations shown in Figure 3 & 4.  The best result was returned from LAN127 grading 5.37% Ni over 24.1 metres (true thickness projected to be approximately 5 to 6 meters thick; due to oblique angle of drilling).  The results to date are in alignment with the historical nature (grades and thickness) of the Lanfranchi Orebody and provide continued evidence for the mineralization at Lanfranchi to continue in a similar fashion.

Table 1: Summary of Lanfranchi Drill results


Hole Id

Target RL

Azimuth

Dip

Depth

From

To

Drill Intercept

Ni %

LAN123

-300

301  

-42.5 

35.0 

29.90 

31.33 

1.43    

9.06

LAN124

-300

32  

-39.0 

59.1 

42.00 

45.00 

3.00    

1.61

LAN125

-300

47  

-20.9 

81.5 

75.70 

77.45 

1.75    

7.66

LAN126

-300

250  

-26.7 

59.0 

35.00 

38.00 

3.00    

1.04

LAN127

-300

244  

-14.1 

107.1 

68.80 

92.90 

24.10    

5.37

LAN128

-320

57  

-63.3 

51.2 

37.00 

38.70 

1.70    

4.64

LAN129

-320

57  

-45.5 

68.1 

63.00 

65.00 

2.00    

2.15

LAN130

-320

57  

-33.2 

85.2 

78.00 

78.87 

0.87    

0.51

LAN131

-320

57  

-25.8 

123.0 

 

 

 

NSG

LAN132

-320

57  

-21.0 

154.4 

 

 

 

NSG

 Notes: NSR - no significant result; RL - Mine Level measured in vertical metres; All other lengths measured in metres

Figure 3:  Proposed drill program for Lanfranchi - Plan View
 
Note:   Drill holes LAN123 to LAN148 have been completed; drill holes Lan149 to Lan162 are proposed.
Drill hole footwall pierce points locations are marked by a black Diamond.

Figure 4:  Proposed drill program for Lanfranchi - 3D Schematic looking West

The drill rig currently stationed to perform the reserve/resource delineation drilling of the Lanfranchi Extension will intermittently, throughout the drill plan, undertake other more time sensitive and higher priority drill projects, such as the upcoming stope definition drill program on the Winner Orebody and the down-plunge platform EM hole at Deacon (see above). The drill will then return to continue the program at the Lanfranchi Extension.  Therefore results from this program may be released intermittently.

The Lanfranchi orebody, namesake of the Lanfranchi Nickel Mine, has been mined over a down-plunge length of 1.5 kilometres, with historical production totalling 1.4 million tonnes at 2.32 per cent Ni.

Tramways Dome North Drill Program

Surface drilling to explore the northern side of the Tramways Dome for possible overturned channel structures commenced during the quarter.  Five drill holes on an east-west fence pattern at 200m drill centres have been completed to date, targeting the inferred overturned ultramafic komatiite / mafic basalt contact ("overturned contact").  All five holes have successfully intersected the overturned contact, providing strong support for the overturned dome model and dramatically increasing the prospective area to host nickel channels within the property boundaries.

Figure 5:  Tramways Dome North Drill Plan

Hole TD8030 collared in ultramafic and intersected 1m grading 3.4% Ni on the upper contact.  The presence of nickel mineralization proximal to the hinge of the overturned fold highlights the potential for the continuity of mineralization on the overturned contact of the Tramways Dome.

The initial program will test a 2km wide section of the Northern Tramways area between 390000mE and 392000mE.  The program consists of 17 to 20 proposed drill holes for 8,000 to 9,000 drill metres and will cost approximately AUD$1.2 million.  The targeted Ni sulphide channels are not exposed at surface and therefore, the Lanfranchi JV relies on down-hole geophysics as the primary tool for exploration discovery.

Figure 6:  Tramways Dome Cross-Section

Down-hole geophysics will be performed on all the pertinent current and historic holes to determine the presence of near-hole conductors indicative of areas of mineralized sulphides.  Drilling is planned to recommence on the highly prospective overturned contact once the geophysical survey has being completed and the results are compiled.

Schmitz

A program of deep EM holes was completed from the Schmitz hanging wall drill drive during the quarter.  Four holes targeted the down plunge continuation of the Schmitz orebody and a fifth drill hole was drilled to test the projected Skinner position further to the west.  Very thin zones of "Schmitz-like" mineralisation were intersected in SMT111 and SMT112. Drill holes SMT113 and 114, further down plunge, were essentially barren. SKN105 intersected some weak disseminated mineralisation in the projected down plunge Skinner position. Assay results are pending.

About Brilliant Mining

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 Lanfranchi project is supervised by John Williamson, PGeol, of Edmonton, Alberta. Mr. Williamson, CEO and a Director of Brilliant Mining, is the qualified person as defined in National Instrument 43-101.

Brilliant Mining Corp. (BMC: TSXV) 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 Corporation, 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 0.52-0.76%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 :