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."