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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”.
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