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.
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