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Brilliant Mining Corp.

Publié le 24 septembre 2007

Reports Significant Increase to Nickel Reserves and Resources Lanfranchi Nickel Mine, Kamb

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Mots clés associés :   Canada | Nickel |
Brilliant Mining Corp. Suite 1440, 625 Howe St.
Vancouver BC, V6C 2T6

Toll Free: 1-888-331-2269

BMC: TSX-V

Brilliant Reports Significant Increase to Nickel Reserves and Resources Lanfranchi Nickel Mine, Kambalda District of Western Australia

Vancouver, B.C. - Brilliant Mining Corp. (BMC: TSXV) (“Brilliant” or the “Company”) today announced the filing of an updated NI 43-101 technical report.  The technical report encompasses the recent key exploration and development activities at the Tramways Tenements, host to the producing Lanfranchi Nickel Mine, located in the world class Kambalda Nickel District of Western Australia.  Since the previous March 2006 technical report, global ore reserves and mineral resources have greatly increased at Tramways.

Key Point Summary:

  • 222% increase in Proven and Probable Reserves from 19,000 to 61,300 tonnes of nickel metal*
  • 85% increase in Measured and Indicated Resources from 53,350 to 98,700 tonnes of nickel metal*
    * Comparison of Lanfranchi Nickel Mine Resources and Reserves between March 2006 and August 2007 technical reports

“The tripling of reserves at the Lanfranchi Mine translates into both increased longevity for the operation and revenues to Brilliant Mining,” states John Williamson, CEO Brilliant Mining. “The dramatic growth in the resource inventory of the project in a short 18 month reporting period directly reflects on the remarkable underlying value of the asset”.

Table 1: Tramways Tenements– Global Ore Reserves and Mineral Resources**

Resources

Measured + Indicated

Inferred

 

Tonnes (,000)

Grade (Ni%)

Ni
Tonnes

Ni Lbs
(,000)

Tonnes (,000)

Grade (Ni%)

Ni
Tonnes

Ni Lbs
(,000)

March 2006 Golder Report

2,425 

2.2

53,350 

117,617 

1,243

1.6

19,888 

43,846 

August 2007 BMGS Report

3,786 

2.6

98,700 

217,596 

1,577

1.9

30,498 

67,237 

Percentage Increase

56%

 

85%

 

27%

 

53%

 

 

 

 

 

 

 

 

 

 

Reserves 

Proven + Probable

 

 

 

 

 

Tonnes (,000)

Grade (Ni%)

Ni
Tonnes

Ni Lbs (,000)

 

 

 

 

March 2006 Golder Report

577 

3.3

19,025 

41,942 

 

 

 

 

August 2007 BMGS Report

2,368 

2.6

61,293 

135,128 

 

 

 

 

Percentage Increase

311%

 

222%

 

 

 

 

 

** Underlying economic assumptions and mine design parameters detailed in the Company’s August 2007       Technical Report on the Lanfranchi Nickel Project written by BM Geological Services Pty. Ltd. of       Kalgoorlie, Western Australia and  filed on www.sedar.com.
** All resources estimated utilizing a lower assay cut off grade of 1% Ni, except Deacon and Schmitz: 1.6%       Ni lower assay cut off.

The Helmut South orebody, due to a higher level of confidence garnered through the past two years of mining and development, is classified as a Measured Mineral Resource of 457,000 tonnes grading 2.44% Ni and a Proven Ore Reserve of 410,000 tonnes grading 2.17% Ni.  All other reserves and resources at Tramways are classified as Probable Ore Reserves, Indicated Mineral Resources and/or an Inferred Mineral Resources.

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:

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.

nr_lnm_ls
Figure 1 – Lanfranchi Mine Longitudinal Section displaying Mineral Resources and Ore Reserves

- -
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Brilliant Mining est une société d’exploration minière de nickel basée au Canada.

Brilliant Mining détient divers projets d'exploration au Canada.

Son principal projet en exploration est MISCHIKAMAU au Canada.

Brilliant Mining est cotée au Canada. Sa capitalisation boursière aujourd'hui est 38,1 millions CA$ (30,9 millions US$, 27,7 millions €).

La valeur de son action a atteint son plus haut niveau récent le 16 janvier 2009 à 0,56 CA$, et son plus bas niveau récent le 19 avril 2013 à 0,03 CA$.

Brilliant Mining possède 149 450 000 actions en circulation.

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