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Putting this on my watch list and will update the ibox since it has the wrong chart displayed, I'm beginning to do more research into mining in West Africa.
IT is something of a metallurgical mystery, but there are now two types of gold - hot gold and cold gold. The hot stuff is found in West Africa...
http://www.heraldsun.com.au/business/in-the-black/how-gold-fever-runs-hot-and-cold/story-e6frfinf-1226053621277
I was interested in reading Resent PRs, and diceting info about Sillenger Exploration Corp. ("Sillenger") / Ivory Resources / West Africa
http://www.brilliantmining.com/investors/news_releases/
May 11, 2011:
Brilliant Announces Closing of $28.7 Million Transaction Involving Acquisition of Ivory Resources Inc.
Edmonton, Alberta – Brilliant Mining Corp. (BLT: TSX-V) (the "Company" or "Brilliant") is pleased to announce that it has closed and received final approval from the TSX Venture Exchange ("Exchange") for a $28.7 million transaction (the "Transaction")
http://www.brilliantmining.com/investors/news_releases/index.php?&content_id=171
10 followers and zero posts in over 2 years? I'm trying to get to the bottom of recent developments -
Brilliant Announces Closing of $28.7 Million Transaction Involving Acquisition of Ivory Resources Inc.Marketwire(Wed May 11)
http://finance.yahoo.com/news/Brilliant-Announces-Closing-ccn-396724977.html?x=0&.v=1
ah it was under 10 cents not long ago
There you go, RR -- 20 cents like you said.
LC
Should move back up to .60 looking ahead 3 to 6 months.
RJ.
now yours for 11 pennies
lol still not buying it maybe 20 cents now
Press Release
Brilliant Mining Corp.: Ore Deliveries Unaffected Lanfranchi Nickel Mine, Kambalda District, WA
Monday June 16, 11:51 am ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2008) - Brilliant Mining Corp. (TSX VENTURE:BMC - News; "Brilliant" or the "Company") wishes to advise that the recently announced disruption to both the gas supply in Western Australia (WA) and BHP Billiton's nickel smelting operations at Kalgoorlie should not result in any business interruption for the Company's 25% owned high-grade Lanfranchi Nickel Mine, Kambalda District, Western Australia.
Electricity at Lanfranchi is supplied and distributed under contract from BHP Billiton. BHP Billiton has advised the Company that the supply of electricity to the Lanfranchi Mine is unlikely to be affected as a result of the current disruption to the gas supply.
BHP Billiton announced on 12 June 2008 that as a result of a deterioration of the Kalgoorlie Nickel Smelter furnace it would be bringing forward a planned furnace rebuild. The duration of the rebuild is estimated to be approximately four months. During this period the Lanfranchi Mine will continue to deliver ore to BHP Billiton's Kambalda Concentrator and BHP Billiton has advised the Company that at this stage it does not foresee that ore deliveries to the Kambalda Concentrator will be affected.
On behalf of the Board of Directors
Yep time to reload.
don't matter there not building any new ones as that keeps the supply down
"these posts are not of a licensed investment advisor or analyst nor does he give out buy, sell or hold advice to anyone"
"A Blind Bat could do a better job at regulation"
The chart is following nickel, what are oil refineries made out of?
http://www.estainlesssteel.com/stainless-steel-news.shtml
T
back to 60 cents????
Brilliant Mining starts commercial production at Deacon
2008-03-31 07:07 MT - News Release
Mr. John Robins reports
BRILLIANT MINING CORP.: PRODUCTION COMMENCES 18 MONTHS AFTER DISCOVERY AT HIGH-GRADE DEACON OREBODY LANFRANCHI NICKEL MINE, KAMBALDA DISTRICT OF WESTERN AUSTRALIA
Brilliant Mining Corp. has commenced commercial production from the recently discovered high-grade Deacon orebody at the Lanfranchi nickel mine, Kambalda district, Western Australia.
Key point summary (100-per-cent basis):
* Commencement of production at Deacon with a probable reserve of 1.7 million tonnes grading 2.54 per cent Ni for 43,000 tonnes (95 million pounds) contained Ni metal;
* Deacon orebody -- 18 months from discovery to production;
* Deacon will significantly contribute to the ramp-up in production at the Lanfranchi nickel mine targeted at 400,000 tonnes grading 2.65 per cent for 10,500 tonnes (23.1 million pounds) Ni metal for calendar 2008.
The Deacon orebody -- a success story
The Deacon orebody was discovered in September, 2006, and subsequent drill delineation, resource estimation, reserve modelling and capital development were completed in 18 months. The Deacon orebody now represents 70 per cent of the proven and probable reserves for the entire property. This highlights the overall exploration potential for the project and the ability to bring a new discovery into production within a short time frame.
Planned increase in production at Lanfranchi mine
The company announced a preliminary production forecast (see news release in Stockwatch dated May 29, 2007) for the high-grade Lanfranchi nickel mine and remains on track to achieve targeted production levels. The commencement of mining from Deacon signals a major milestone for the Lanfranchi mine as the scales dramatically shift from capital development toward production with four out of five scheduled orebodies now in production. An updated production forecast is currently under way and expected to be finalized by the end of the second quarter 2008.
Looking good:BMC (CDN) as of 01 Feb 2008 at 10:06 AM EST
Last Price: 1.22 CAD
Market: CA
Change: +0.12
Last Traded: 01 Feb 2008 at 10:02 AM EST.
Tick:
Bid / Size: 1.22 / 100
Ask / Size: 1.25 / 89
Open: 1.14
Previous Close: 1.10
Annual Dividend: 0
Ex Dividend Date: N/A
Earnings: -0.23
Yield: 0.00%
P / E Ratio: 0.00
Beta: 1.57
Shares Out (Thousand): 68,772
Volume: 177,000
Average Volume: 467,729
Day High / Low: 1.25 / 1.14
52-Week High / Low: 2.90 / 1.00
View Full Page Chart: 1 day 5 day 1 month
3 month 6 month 1 year
Analyst Consensus:
Brilliant Mining drills conductor at Lanfranchi mine
2008-01-30 06:37 MT - News Release
Mr. Mike Sieb reports
BRILLIANT MINING CORP.: SIGNIFICANT CONDUCTOR IDENTIFIED ON NORTHERN OVERTURNED TRAMWAYS DOME LANFRANCHI NICKEL MINE, KAMBALDA DISTRICT OF WESTERN AUSTRALIA
Brilliant Mining Corp. has provided an update on exploration activities along the Northern Overturned Tramways dome. The most recent drilling targeting the overturned basalt-komatiite contact has returned a significant off-hole geophysical conductor, including semi-massive sulphides and additional down-hole electromagnetic (DHTEM) anomalies.
Highlights of the program include:
* Significant off-hole DHTEM conductor identified (hole TD8039);
* High-grade semi-massive nickel sulphides intersected on the overturned basalt-ultramafic contact;
* Aggressive $2.5-million exploration program planned on the Northern dome in 2008;
* Two high MgO channel facies zones confirmed.
"These recent results continue to reinforce the significant exploration potential that the overturned northern limb of the Tramways Dome represents," states John Williamson, chief executive officer of Brilliant Mining, "and is directly reflected in the aggressive level of exploration set for 2008."
The recently completed drill program was designed to test, by a combination of drilling on 100-metre-spaced sections and down-hole electromagnetic (EM) surveys, a 1.5-kilometre-wide section (389900mE to 391400mE) across the overturned Tramways dome area. Site geologists believe this region of the Tramways dome is most likely to contain the overturned continuation of the Helmut/Deacon and Schmitz/Winner channel structures which have provided the majority of nickel production for the Lanfranchi project in the past.
Four out of 12 drill holes intersected encouraging evidence of mineralization on the overturned northern limb of the Tramways dome:
* 7.76 per cent Ni over 0.88 m was intersected between 252.3 to 253.18 metres down hole in drill hole TD8036 (Section 390500mE) approximately 20 metres below the overturned basalt-komatiite contact;
* 5.8 per cent Ni over 0.14 m was intersected at the overturned contact in hole TD8040;
* 3.0 per cent Ni over 0.15 m was intersected at the overturned contact in hole TD8039;
* 1.4 per cent Ni over 1.0 m was intersected down hole and below the overturned contact in hole TD8040.
Two drill holes identified geophysical anomalies on the overturned northern limb of the Tramways dome:
* Drill hole TD8039 identified a significant conductor below and to the west of the mineralized intersection;
* Drill hole TD8036 identified a conductor indicating the bulk of mineralization lies below the reported intersection.
In addition, geochemical analysis has identified two zones exhibiting favourable high MgO (30 to 40 per cent), low Ti and Al signatures which are indicative of channel facies ultramafics. The geochemical signature observed is similar to the setting reported within the main Tramways channel structures that are host to the Helmut/Deacon and Schmitz/Winner orebodies.
Future exploration plans for the Northern dome
This initial success of exploration on the Northern dome has encouraged the company to continue drill testing the overturned position of the Schmitz/Helmut channels. Additional drilling is planned farther to the west, toward the projected overturned position of the main Lanfranchi orebody to determine whether the Northern dome model is persistent over the a longer strike length.
In 2008, the Lanfranchi joint venture has budgeted $2.5-million for continuing exploration of the Northern Tramways dome. Follow up of mineralization and DHTEM responses within the two "channel facies" zones together with extra infill drill holes between existing drill sections and deeper drill traverses will be the focus of the next phase of work.
We seek Safe Harbor.
Nice bottom
Chairman’s Message - Brilliant Mining 2007 Year in Review
January 15, 2008
Brilliant Mining Corp. (BMC: TSX-V) achieved many key corporate, exploration, and production milestones in 2007, setting the stage for extensive growth through 2008. This past year has consisted of aggressive exploration programs in both Australia and Canada, coupled with significant investments in capital development to advance the Company’s producing assets. In addition, Brilliant Mining was recognized as one of the leading companies listed on TSX Venture Exchange in 2007.
2007 MAJOR ACHIEVEMENTS
Strengthened balance sheet; added to corporate treasury and eliminated all senior bank debt
Increased mine life; upgraded Probable Ore Reserves by 222% from 19,000 to 61,300 tonnes Ni metal
Expanded production; commenced mining the high-grade Winner ore body
Delivered successful exploration results; validated overturned dome model
Corporate Development Highlights
Added CDN $9.0 million to treasury from warrant and option exercises
Repaid CDN $3.5 million senior bank debt
Commenced un-hedged production as of August 1, 2007
Named to the 2007 TSX Venture 50TM, a ranking of Canada’s top emerging public companies listed on TSX Venture Exchange
Asset Growth
Drill delineation programs successfully added multiple years of mine life by increasing nickel reserves and resources at the Deacon, Winner and Lanfranchi ore deposits within the Lanfranchi Nickel Mine.
Tripled Proven and Probable Reserves from 19,000 to 61,300 tonnes of nickel metal*
Increased Measured and Indicated Resources from 53,350 to 98,700 tonnes of nickel metal*
Estimated Deacon’s Probable Reserve at 1,695,400t at 2.54% Ni for 43,009 tonnes of Ni metal
Identified a strong geophysical conductor extending 50 metres down-plunge of the Deacon resource, suggesting future exploration potential
Increased Winner Probable Reserve to 144,000t at 4.26% Ni for 6,139t Ni metal*
Increased Winner Indicated Resource to 111,680t at 6.16% Ni for 6,879t Ni metal*
* Comparison of Lanfranchi Nickel Mine Reserves and Resources between Company’s March 2006 and August 2007 NI 43-101 technical reports.
Production Increased
Intensive capital development during 2007 has positioned the Company for a substantial ramp-up in production at the Lanfranchi Nickel Mine. In April, a third mining crew was added to complement the two existing crews, increasing available operational productivity by 50%. The three crews focused on continued production at Helmut South and development of the high-grade Winner and Deacon ore bodies.
Winner commenced production in October 2007 and is the second of five ore bodies planned to come online within the next 12 months
Winner boosts monthly mine production to a record 22,680 tonnes at 2.75% Ni for 623 tonnes of Ni metal in October
Winner ore deliveries total 4,670 tonnes at 5.37% Ni for 251 tonnes of Ni metal in the first month of operation
The Deacon ore body is currently being developed and is scheduled for production in March 2008
Exploration Success
During the 2007 exploration season Brilliant Mining delivered positive results at both the 25% owned Tramways Tenements, host to the producing Lanfranchi Mine in the world class Kambalda nickel district, Western Australia, and the 100% owned Michikamau property in Central Labrador, Canada.
Tramways Tenements, WA
In late 2007, the Company further validated the “Tramways Overturned Dome Model” through drilling. Eight out of the last eight holes intersected the overturned and the unexplored ultramafic-mafic target horizon associated with Kambalda Ni channels, a discovery which essentially doubles the prospective area of the property to host Ni channels. One drill hole intersected 7.76% Ni over 0.88m within the overturned ultramafic sequence approximately 20 metres below the overturned contact horizon, demonstrating the potential to host high grade massive Ni sulphide mineralization.
Michikamau Project, Central Labrador, Canada
Eleven drill holes were completed totaling 1,100 metres during the 2007 exploration program. Multiple near surface nickel-copper-cobalt sulphide drill intersections were encountered and highlighted by a 21.7m intersection grading 0.51% Ni, 0.36% Cu and 0.09% Co at the Juno target; and including 1.3m at 0.71% Ni, 0.45% Cu and 0.12% Co. Early stage exploration to date points to a large and complex mineralizing environment with clear indications for nickel enrichment in the system.
Both project areas are highly prospective for additional discoveries and definitely warrant a significant exploration focus for 2008.
Summary
Our efforts over the past 12 months have laid a solid foundation for growth. 2008 promises to be an exiting and profitable year for Brilliant shareholders as the Company: reaches targeted annualized production rates as the Deacon, Lanfranchi and Schmitz ore bodies are brought on stream; continues exploration programs at Lanfranchi and Michikamau; and pursues other corporate opportunities.
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
“John Robins”
John Robins, P.Geo.
Chairman
Brilliant Mining Corp.
Don Coxe loading up before reco
Here are all the house positions for V: BMC from 12/1/2007 to 12/11/2007.
17 Records Returned
House Positions
Exch House Bought $Value Ave Sold $Value Ave Net $Net
V 9 BMO Nesbitt 617,699 827,952 1.34 76,700 101,399 1.32 540,999 -726,553
V 27 Dundee 80,000 108,000 1.35 46,450 61,813 1.33 33,550 -46,187
V 89 Raymond James 40,000 53,600 1.34 10,000 13,500 1.35 30,000 -40,100
V 36 Latimer 13,000 17,100 1.32 0 13,000 -17,100
V 80 National Bank 30,700 40,060 1.30 20,000 26,915 1.35 10,700 -13,145
V 59 PI 50,000 65,500 1.31 50,500 67,411 1.33 -500 1,911
V 85 Scotia 5,000 6,850 1.37 6,000 8,100 1.35 -1,000 1,250
V 81 HSBC 0 2,000 2,700 1.35 -2,000 2,700
V 74 GMP 0 2,600 3,406 1.31 -2,600 3,406
V 5 Penson 0 6,000 7,840 1.31 -6,000 7,840
V 83 Research Cap 0 6,499 8,638 1.33 -6,499 8,638
V 79 CIBC 0 7,000 9,330 1.33 -7,000 9,330
V 7 TD Sec 16,300 21,566 1.32 40,150 53,266 1.33 -23,850 31,700
V 88 E-TRADE 0 29,800 40,717 1.37 -29,800 40,717
V 1 Anonymous 4,600 6,001 1.30 84,300 113,923 1.35 -79,700 107,922
V 2 RBC 0 224,000 301,122 1.34 -224,000 301,122
V 33 Canaccord 7,300 9,855 1.35 252,600 336,404 1.33 -245,300 326,549
Total 864,599 1,156,484 1.34 864,599 1,156,484 1.34 0 0
BMO Nestbitt locked in 1.30/1.35 appears to be just about the only buyer for the last couple of weeks.
Weird tape today.
36 trades and BMO has been the only buyer.
Nobody else wants it I guess.
Brilliant Mining Corp.: 5.4% Ni Delivered from Winner During First Month Production, Lanfranchi Nickel Mine, Kambalda District of Western Australia
Marketwire
Brilliant Mining Corp.
November 29, 2007 - 08:01:44 AM
Brilliant Mining Corp.: 5.4% Ni Delivered from Winner During First Month
Production, Lanfranchi Nickel Mine, Kambalda District of Western Australia
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2007) - Brilliant Mining
Corp. (TSX VENTURE:BMC) ("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)
-------------------------------------------------------------------------
Ore Ni % of
Delivered Grade Ni Metal Ni Metal Ni Metal
Orebody (DMT) (%) (Tonnes) (Lbs) Deliveries
-------------------------------------------------------------------------
Winner 4,670 5.37 251 552,949 40%
-------------------------------------------------------------------------
Other 18,010 2.07 372 820,721 60%
-------------------------------------------------------------------------
Total 22,680 2.75 623 1,373,671 100%
-------------------------------------------------------------------------
(i) 25% of the reported ore deliveries or production is attributable to
Brilliant Mining Corp.
(ii) DMT equals dry metric tonnes, T equals tonnes, Lbs equals 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, B.Sc., MBA, President
Brilliant Mining Corp.
Another news release:
News Releases
STRONG CONDUCTOR DOWN-PLUNGE OF DEACON – SURFACE DRILL PROGRAM PLANNED LANFRANCHI NICKEL MINE, KAMBALDA DISTRICT OF WESTERN AUSTRALIA
November 1, 2007
Vancouver, B.C. - Brilliant Mining Corp. (BMC:TSXV) (“Brilliant” or the “Company”) today provided an update on the platform EM drilling and drill plans down-plunge of Deacon orebody at the Tramways Tenements host to the operating Lanfranchi Nickel Mine in the Kambalda District of Western Australia.
Key Point Summary:
Strong geophysical conductor interpreted 50 metres down-plunge of Inferred Resource limit at Deacon
Surface drill program planned down-plunge of Deacon
“The strong geophysical response observed down-plunge of the Deacon orebody provides a high degree of confidence that the mineralization continues below existing drilling and demonstrates the potential to add significant mine life to the operation” states John Williamson, CEO of Brilliant Mining.
Down-Plunge Platform EM Drilling
Platform EM drilling and corresponding geophysical surveys were completed during the last quarter to determine the down-plunge continuation of Deacon from a drill station located at the base of Helmut South.
Hole HS313 was drilled down-plunge of Helmut South along the east side of the projected Deacon Channel resulting in a strong off-hole conductor centred approximately 310 metres down-hole. The conductor was interpreted to be orientated parallel, located above and towards the west of the drill hole (See Figure 1).
Hole HS312 intersected Deacon mineralization between 90 metres and 204 metres and between 270 metres to 280 metres and was surveyed by down-hole geophysics (DHEM) only below 260 metres. Modelling of the geophysical response identified a large conductor oriented sub-parallel and situated above the drill hole trace.
Both conductors are highly conductive and interpreted to represent a continuation of the Deacon Ni sulphide channel thereby extending the mineralization 150 metres beyond the current Probable Reserve limits and 50 metres beyond the Inferred Resource boundary. (See Figure 1)
Contact parallel EM holes are exploratory tools utilized in an underground mine environment to detect the down-plunge continuation of known mineralization well beyond the existing production levels. The aim is for the drill trace to remain in the footwall rock unit and maintain a parallel orientation in proximity to the contact horizon that hosts the mineralization so as to be able to detect the nickel sulphide conductor through a geophysical survey.
Deacon Planned Down-Plunge Surface Drilling
The current Deacon Probable Ore Reserve extends to 513,664mN and down plunge of this Northing. The Indicated and Inferred Resources extend a further 100 metres to 513,555mN. In order to expedite the conversion of resources to reserves, the current plan adopted by the Lanfranchi JV is to drill the down-plunge extensions to Deacon from surface using directional diamond drilling and wedging. This program will involve drilling a single parent diamond hole into the deposit and then using a standard casing wedge to drill any number of daughter diamond holes off the parent hole (See Figure 1). Currently 6 wedge holes are planned. The program is expected to commence in the first half of 2008.
Figure 1: Deacon Down-Plunge Plan Map showing DHEM conductive zone and proposed surface drill pierce points
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 owned by Sally Malay Mining Limited.
The project is supervised by John Williamson, PGeol, of Edmonton, Alberta, CEO and a Director of Brilliant, and is the qualified person as defined in 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.
The street seems to like it:
BMC (CDN) as of 29 Oct 2007 at 02:55 PM EST
Last Price: 1.80 CAD
Market: CA
Change: +0.15
Last Traded: 29 Oct 2007 at 02:55 PM EST.
Tick:
Bid / Size: 1.78 / 500
Ask / Size: 1.80 / 5
Open: 1.70
Previous Close: 1.65
Annual Dividend: 0
Ex Dividend Date: N/A
Earnings: 0.00
Yield: 0.00%
P / E Ratio: 0.00
Beta: 1.69
Shares Out (Thousand): 68,767
Volume: 503,295
Average Volume: 186,424
Day High / Low: 1.85 / 1.70
52-Week High / Low: 2.90 / 0.58
Brilliant Mining Corp.: High Grade Massive Ni Sulphide Intersected on Overturned Northern Limb Tramways Dome
Marketwire
Brilliant Mining Corp.
October 29, 2007 - 08:01:14 AM
Brilliant Mining Corp.: High Grade Massive Ni Sulphide Intersected on
Overturned Northern Limb Tramways Dome
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2007) - Brilliant Mining
Corp. (TSX VENTURE:BMC) ("Brilliant" or the "Company") today announced that
drilling has intersected high grade massive nickel sulphide on the overturned
northern flank of the Tramways Dome. Eight surface drill holes have now been
completed along the Northern Tramways Dome area at the Tramways Tenements,
host to the producing Lanfranchi Nickel Mine, located in the world class
Kambalda Nickel District of Western Australia. All eight holes appear to have
intersected overturned Kambalda Komatiite (ultramafic) sequences below Lunnon
(footwall) Basalts, supporting the Overturned Dome model structure at the
property. Drill hole TD8036 intersected 0.88m grading 7.76% Ni within the
overturned ultramafic sequence approximately 20 metres below the overturned
contact horizon.
Key Point Summary:
- Exploration north of the Lanfranchi Mine supports "Tramways Overturned Dome
Model" - ultramafic Komatiite intersected below the basalt sequence in all
eight recent drill holes
- 7.76% Ni over 0.88m (high-grade Ni massive sulphide) intersected within the
overturned ultramafic sequence approximately 20 metres below the overturned
contact horizon
- Geochemistry indicates Channel Facies ultramafic rocks; a similar setting as
host for the main Tramways' orebodies
- Drilling and down-hole EM surveying is ongoing
"The discovery of high grade massive nickel sulphide and signature ultramafic
channel facies geochemistry north of the existing mine workings is an
extremely positive advancement for the Tramways Overturned Dome model" states
John Williamson CEO of Brilliant Mining "and has significant ramifications for
the future potential of the property."
The drilling program currently underway is designed to test, by a combination
of drilling on 100 metre spaced sections and down-hole Electro Magnetic "EM"
surveys, a 1.5 kilometre wide section (389900mE to 391400mE) across the
overturned Tramways Dome area. Site geologists believe this region of the
Tramways Dome is most likely to contain the overturned continuation of the
Helmut/Deacon and Schmitz/Winner channel structures (See Figures 1 and 3)
which have provided the majority of nickel production for the Lanfranchi
Project in the past.
To date, two drill holes have intersected encouraging evidence of
mineralization on the northern side of the Tramways Dome.
- 7.76% Ni over 0.88m was intersected between 252.3-253.18 metres down hole in
drill hole TD8036 (section 390500mE) approximately 20 metres below the
overturned contact (See Figures 2 and 4); and
- 3.41% Ni over 1.0 metre was intersected between 79-80 metres down hole in
drill hole TD8030 (section 391000mE) on the normal facing contact (previously
released July 10, 2007)
While the mineralization in TD8030 was intersected on the normal facing basalt
ultramafic contact the mineralization in TD8036 was intersected within the
overturned ultramafic sequence approximately 20 metres from the contact
position. Geochemical analysis of holes TD8030, TD8031 and TD8036 has returned
favourable high MgO (30-40%), low Ti and Al signatures which are indicative of
channel facies ultramafics. The geochemical signature observed is similar to
the setting reported within the main Tramways channel structures that are host
to the Helmut/Deacon and Schmitz/Winner orebodies.
At this stage, the massive sulphide zone appears to be due to structural
re-mobilization processes. Such occurrences are not uncommon in Komatiite
complexes in and around Kambalda. The source of the Ni sulphide is commonly
considered and potentially due to the presence of a nearby larger body of
mineralisation. Such instances are observed at Tramways with the re-mobilized
4420 massive sulphide zone in close proximity to the Helmut - Helmut South
orebodies and the Skinner massive sulphide structure in relation to the
Schmitz orebody.
Multi-element analysis of the remaining holes is yet to be returned from the
laboratory. Figure 3 is a plan view of the recent drill hole locations
relative to the overturned ultramafic contact projected to surface.
To view Figure 1: Tramways Tenements - Northern Drill Plan, please visit the
following link:
http://www.ccnmatthews.com/docs/bmc1029_1.pdf
To view Figure 2: Massive Sulphides in Hole TD8036, please visit the following
link:
http://www.ccnmatthews.com/docs/bmc1029_2.pdf
To view Figure 3: Tramways Dome - Drill Planview, please visit the following
link:
http://www.ccnmatthews.com/docs/bmc1029_3.pdf
To view Figure 4: Tramways Dome - 390500mE Cross Section, please visit the
following link:
http://www.ccnmatthews.com/docs/bmc1029_4.pdf
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, B.Sc., MBA, President
Brilliant Mining Corp.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brilliant Mining Corp. Mike Sieb President (604) 646-4525 Email:
mikes@brilliantmining.com
Brilliant Mining Corp. Derek Iwanaka Investor Relations (604) 646-4524
Email: info@brilliantmining.com Website: www.brilliantmining.com
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
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SUBJECT: Sally Malay lifts its nickel output target Posted By: CalifDreaming
Post Time: 10/22/2007 11:21
« Previous Message Next Message »
Sally Malay lifts its nickel output target
The latecomer in the Kambalda nickel mining renaissance, Sally Malay Mining, is setting its sights on becoming a strong mid-tier producer during next year, through increased action at Kambalda and at its Sally Malay mine in the Kimberleys of Western Australia’s far north.
Author: Ross Louthean
Posted: Monday , 22 Oct 2007
PERTH -
Sally Malay Mines Ltd (ASX: SMY) has set a target of ramping up its equity nickel production next financial year to 20,000 tonnes of metal, excluding cobalt and copper by-production. This figure was the target for "The 10 Year Plan" highlighted in the company's recently-released 2007 annual report.
The company's managing director, Peter Harold, told Mineweb today that key projects for this major lift in output are the Deacon mine as part of the Lanfranchi operations at Kambalda, the Copernicus open cut joint venture with Thundelarra Exploration Ltd and exploration and development on the Sally Malay Deeps.
Sally Malay has come a long way since mid 2004 when it commissioned the Sally Malay mine which ships its concentrates through the nearby port of Wyndham to the refining facilities of the Jinchuan Group in China. In fiscal 2004/05 it produced just over 5,000t of equity nickel metal and in 2006/07, with the Helmut South mine at Kambalda more than 12,000t of contained nickel.
As with the other mid tier nickel miners which took over the mines in that region then owned by WMC Resources (the big Kambalda concentrator is now operated by BHP Billiton's regional subsidiary Nickel West), Sally Malay is basking in ever increasing production and the sustained healthy nickel price.
Sally Malay joined two of these companies, Mincor Resources Ltd, Independent Group in producing stellar profits. The third, Consolidated Nickel, a subsidiary of takeover target Consolidated Minerals Ltd, had a fairly ordinary year, in part due to substantial mine development demands.
For 2006/07 Sally Malay had a net profit of $A88.1 million ($US77.52 M), declared a maiden dividend of A12 cents (US10.5¢) and declared cash and receivables of $A134.6 M ($US118.4 M).
Planning is underway to develop the Copernicus open cut in which Sally Malay holds a 60% stake and by mid 2008 it could be delivering an annualised 250,000 tonnes of ore to the Sally Malay mine concentrator, with that deepening mine contributing about 750,000 tpa to the mill.
Harold said whether the open cut (which has adequate ore for about five years mining life) extends into a decline is dependent on more exploration on the plunging orebody and also that a robust nickel price still exists in about five years time.
While there is no final detail, he said it was possible that Thundelarra's 40% share of Copernicus concentrates would also be shipped out through Wyndham to Jinchuan.
Sally Malay's 25% partner on the Lanfranchi operations is Canadian company Brilliant Mining Corporation (TSX-V: BMC) which had a team in Perth this week to discuss exploration and development issues.
This fiscal year's exploration budget for all projects is $A5.1 M ($US4.48 M), including equity participation by partners.
The upgraded Deacon resource to 58,000t of contained nickel and development of the smaller, high grade Winner deposit (6,140t) will see these two projects playing an important role at the Lanfranchi complex over the next two years. Deacon adjoins the Helmut South deposit which has a resource of 11.138t of contained nickel.
Harold told Mineweb that the company was looking at other potential acquisitions and joint ventures. He said that while prices for properties and companies in these buoyant conditions were high, there were still some attractive looking propositions.
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October 17, 2007
Brilliant Mining Corp. (A Discovery Group Company) to present at
Toronto and New Orleans Investment Conferences
During the month of October Brilliant Mining Corp. is conducting an extensive international roadshow culminating with our presence at both the Toronto Resource Investment Conference and the 2007 New Orleans Investment Conference – we hope to see you at one or both of these events.
Toronto Resource Investment Conference
October 21 - 22, 2007
Metro Toronto Convention Centre
South Building, Exhibition Hall D, 222 Bremner Blvd., Toronto ON
Booth
Time: Sunday 10am – 6:00pm and Monday 9am – 5:00pm
Location: 309 & 311
Presentation
Date: Monday, October 22, 2007
Time: 11:30am
Location: Workshop #2
The 2007 New Orleans Investment Conference
October 21 - 25, 2007
New Orleans Marriott Hotel
555 Canal Street - New Orleans, Louisiana
Booth
Time: Monday 10am – 6:00pm, Tuesday 10am – 7:30pm, Wednesday 10am – 5:00pm
Location: 308
Presentation
Date: Wednesday, October 24, 2007
Time: 2:45pm
Location: Galerie 6, Second Floor
If you have any questions or would like to speak with a representative during the conference, please contact Derek Iwanaka toll free at 1-888-331-2269 or 604-218-6313. Alternatively, you can email info@brilliantmining.com
Rocketred theres your bounce:
I do believe we may get another bounce from here.
and Ni is twice the price as March 2006
News:
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”.
Interesting week so far:
Nickel September 19,13:01
Bid/Ask 15.0706 - 15.1613
Change +1.2943 +9.39%
Low/High 13.7764 - 15.2068
Notice of Annual General and Special Meeting of the
shareholders to be held Oct. 5th, 2007
Brilliant Mining drills 33 m of 11.3% Ni at Lanfranchi
2007-09-13 07:41 MT - News Release
Mr. Mike Sieb reports
BRILLIANT MINING CORP.: HIGH GRADE MASSIVE NI SULPHIDE ZONE DELINEATED, LANFRANCHI OREBODY
Brilliant Mining Corp. has provided the results of 27 holes from a continuing resource delineation drill program for the Lanfranchi extension in the Lanfranchi nickel mine, located in the Kambalda nickel district of Western Australia. Of particular significance was the delineation of a high-grade massive Ni sulphide zone to the west and alongside the projected extension of the Lanfranchi Ni channel.
Key point summary:
* 27 drill holes reported to date;
* Program extends Lanfranchi Ni sulphide mineralization;
* High-grade massive Ni sulphide corridor identified on the western margin, with best intersections:
o 11.30 per cent Ni over 33.0 metres(i);
o 7.46 per cent Ni over 13.8 metres(i);
o 5.37 per cent Ni over 24.1 metres(i).
* Resource delineation drill program continues.
(i) Preliminary modelling indicates a one- to two-metre true thickness.
John Williamson, chief executive officer and director of Brilliant Mining, stated, "Underground drilling at the Lanfranchi mine repeatedly confirms the continuation of mineralization down plunge of the existing nickel sulphide channels and provides a high level of confidence for a sustained growth in the resource inventory of the project."
To date, 27 holes have been completed as part of the Lanfranchi extension underground resource delineation drill program with assay results reported in the attached table. Nickel sulphide mineralization has been extended 60 metres down plunge from the lowest production level and across widths exceeding 200 metres. The Lanfranchi Ni channel remains open to depth.
Grades and thicknesses encountered in this drill program are in alignment with past production experience in the Lanfranchi nickel channel. Under the previous operator, the Lanfranchi orebody produced 1.4 million tonnes of ore grading 2.32 per cent nickel, along a 1.4-kilometre plunge extent, with true thickness generally ranging from one to three metres. Mining widths of the Lanfranchi nickel channel have historically ranged between 100 to 200 metres.
A high-grade massive nickel sulphide zone has been delineated along the western margin of the drill program. Drill highlights include 33 m grading 11.3 per cent Ni from hole LAN148 and 13.8 m grading 7.46 per cent from hole LAN137. An initial interpretation suggests a very low angle intercept with an estimated true thickness of one to two metres hosted in the basalt and situated marginally below the normal ultramafic/basalt contact target horizon. The massive Ni sulphide zone appears open both up and down plunge and possibly to the west. The Lanfranchi joint venture is currently completing the initial 40-hole resource delineation drill program with the intention to model all the results as a whole for a better understanding of the extent and orientation of the high-grade zone.
DRILL RESULTS AT LANFRANCHI EXTENSION (1) (2)
Drill
hole From To Interval
ID (m) (m) (m) Ni% Cu%
LAN123 29.9 31.3 1.4 9.06% 0.23
LAN124 42.0 45.0 3.0 1.61% 0.11
LAN125 75.7 77.5 1.8 7.66% 0.91
LAN126 35.0 38.0 3.0 1.04% 0.05
LAN127 68.8 92.9 24.1 5.37% 0.34
LAN128 37.0 38.7 1.7 4.64% 0.42
LAN129 63.0 65.0 2.0 2.15% 0.14
LAN130 78.0 78.9 0.9 0.51% 0.03
LAN131 - - - NSG NSG
LAN132 - - - NSG NSG
LAN133 46.7 50.6 3.9 1.64% 0.06
LAN134 48.1 48.5 0.4 0.88% 0.02
LAN135 56.3 56.5 0.2 4.01% 0.18
LAN136 64.5 66.2 1.7 1.81% 0.03
LAN137 107.0 120.8 13.8 7.46% 0.46
LAN138 120.0 122.0 2.0 1.27% 0.10
LAN139 63.6 66.9 3.3 6.10% 0.63
LAN140 47.0 56.8 9.8 1.13% 0.09
LAN141 73.0 75.4 2.4 6.38% 0.34
LAN142 79.0 80.3 1.3 0.52% 0.02
LAN143 90.2 91.0 0.8 0.83% 0.02
LAN144 58.0 59.2 1.2 5.39% 0.31
LAN145 63.2 64.0 0.8 3.18% 0.04
LAN146 70.6 71.0 0.4 1.69% 0.26
LAN147 82.8 83.4 0.6 5.40% 0.28
LAN148 96.0 129.0 33.0 11.30% 0.96
LAN149 121.0 139.7 18.7 3.06% 0.15
I'm in for a good bounce an that is all
Looks like your timing was good.
Took it off my ticker
Kinda lost track of it
Thx
bought today at 1.25/300k cross just went though
News:
Brilliant Mining Corp.: Deacon Ore Reserve Exceeds 43,000 Tonnes of Nickel Metal; Triples Reserve Base at Lanfranchi Nickel Mine, Kambalda District of Western Australia
CCNMATTHEWS
Brilliant Mining Corp.
August 7, 2007 - 09:30:02 AM
Brilliant Mining Corp.: Deacon Ore Reserve Exceeds 43,000 Tonnes of Nickel
Metal; Triples Reserve Base at Lanfranchi Nickel Mine, Kambalda District of
Western Australia
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 7, 2007) - Brilliant Mining
Corp. (TSX VENTURE:BMC) ("Brilliant" or the "Company") today announced that an
initial Probable Ore Reserve of 1,695,400t at 2.54% Ni for 43,000 tonnes (94.8
million lbs) Ni metal has been estimated for the Deacon orebody at the 25%
owned Lanfranchi Nickel Mine, located in the world class Kambalda Nickel
District of Western Australia.
Key Point Summary
- Initial Deacon Probable Reserve estimated at 1,695,433 at 2.54% Ni for
43,009 tonnes of Ni metal
- Resource to Reserve conversion rate of 95% achieved based on total nickel
tones
- Lanfranchi Project on track with ramp up to 500,000t ore per annum from
2008/09
"The addition of the Deacon Ore Reserve triples the known reserve base and
confirms the longevity of the Lanfranchi Nickel Mine," stated John Robins,
Chairman, Brilliant Mining. "Advancing Deacon from a new discovery in October
2006 to a 95 million pound Ni Ore Reserve by August 2007, demonstrates
impressive execution by the Lanfranchi JV operations team and the ability to
meet future production targets."
Brilliant Mining to begin Ni deliveries at spot prices
2007-08-01 06:47 MT - News Release
Mr. John Williamson reports
BRILLIANT NICKEL PRODUCTION UN-HEDGED; LANFRANCHI NICKEL MINE, KAMBALDA DISTRICT OF WESTERN AUSTRALIA
Brilliant Mining Corp.'s future nickel ore deliveries will be paid at spot nickel prices.
Key point summary:
* All nickel ore deliveries commencing Aug. 1 will be paid at spot nickel (Ni) prices;
* Current spot nickel prices are more than 2.5 times greater than hedged nickel prices currently received.
"Since we acquired the project, we have ramped up mining operations, discovered new nickel resources, eliminated all bank debt and increased the corporate cash treasury; despite the unfavourable nickel hedge contracts we inherited," stated John Williamson, chief executive officer of Brilliant Mining Corp. "With the nickel hedge contracts unwinding and our production profile increasing, the future for Brilliant is very promising."
Brilliant Mining acquired a 25-per-cent interest in the Lanfranchi joint venture in May, 2006. Through the acquisition, the company became party to a series of monthly forward nickel contracts, initially set at $6.75 (U.S.) per pound at the commencement of the contract period and decreasing to $5.50 (U.S.) per pound until the end of the term.
The current spot price of nickel, at over $14.00 (U.S.) per pound, is more than 2.5 times greater than the hedged nickel prices currently received, thus the projected net revenue received by Brilliant per pound of nickel mined will now increase significantly. The company has not entered into any additional nickel hedge contracts at this time.
The project is supervised by John Williamson, PGeo, of Edmonton, Alta. Mr. Williamson, chief executive officer and a director of Brilliant Mining, is the qualified person as defined in National Instrument 43-101.
Yes thats huge especially with the hedge coming off.
One of the key points:
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.
R.J.
Brilliant drills 5.37 per cent nickel over 24.1 metres
2007-07-31 08:27 MT - News Release
Mr. Mike Sieb reports
JUNE 2007 QUARTERLY UPDATE; 5.37% NI OVER 24.1M AT LANFRANCHI EXTENSION RESOURCE DELINEATION PROGRAM; LANFRANCHI NICKEL MINE, KAMBALDA DISTRICT OF WESTERN AUSTRALIA
Brilliant Mining Corp. has reported the nickel ore production and an update of operations for the quarter ending June 30, 2007, from its 25-per-cent-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-per-cent increase from previous quarter;
* very strong geophysical conductor at base of Deacon inferred resource;
* 5.37 per cent nickel 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 per cent Ni during the quarter for 1,330 tonnes (2.9 million pounds) of Ni metal contained. Compared with the previous quarter, this represents an increase of 17-per-cent increase in ore production.
LANFRANCHI PROJECT OPERATING STATISTICS -- 100% BASIS(i)
Three months Three months Three months
Units ending ending ending
Details (ii) June 30, 2007 March 31, 2007 Dec. 31, 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 T 1,278 1,150 1,473
metal
Contained Lbs 2,817,000 2,535,000 3,247,000
Cu grade % 0.19 0.19 0.20
SUMMARY OF LANFRANCHI DRILL RESULTS
Drill
Hole Id Depth From To intercept Ni %
LAN123 35.0 29.90 31.33 1.43 9.06
LAN124 59.1 42.00 45.00 3.00 1.61
LAN125 81.5 75.70 77.45 1.75 7.66
LAN126 59.0 35.00 38.00 3.00 1.04
LAN127 107.1 68.80 92.90 24.10 5.37
LAN128 51.2 37.00 38.70 1.70 4.64
LAN129 68.1 63.00 65.00 2.00 2.15
LAN130 85.2 78.00 78.87 0.87 0.51
LAN131 123.0 NSG
LAN132 154.4 NSG
Update:
08:07 AM EST Brilliant Mining Corp.: June 2007 Quarterly Update; 5.37% Ni Over 24.1m at Lanfranchi Extension Resource Delineation Program; Lanfranchi Nickel Mine, Kambalda District of Western Australia
Maybe pulling some core :)
The 2007 exploration program, combining both ground geophysics and drilling, is currently under way. The 1,500-metre diamond drill program is initially testing the Sword Far North area of the Michikamau property where five grab samples averaging 1.14 per cent Ni, 0.67 per cent Cu and 0.194 per cent Co were collected in 2006 (see news in Stockwatch on Aug. 30, 2006). This year's targets have been refined and selected, based on this year's 100-line-kilometre ground magnetic and electromagnetic geophysical program.
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