Vancouver, B.C.
- Brilliant Mining Corp. (BMC: TSXV) ("Brilliant" or the
"Company") today announced the commencement of commercial
production from the recently discovered high-grade Deacon orebody at the
Lanfranchi Nickel Mine, Kambalda District, Western Australia.
Key Point
Summary
(100% basis)*
- Commencement of production
at Deacon with a Probable Reserve of 1.7 Mt grading 2.54% Ni for 43,000
tonnes (95 million lbs)* 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% for 10,500 tonnes (23.1 million
lbs)* 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 modeling and capital development were completed in 18
months. The Deacon Orebody now represents 70% 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 timeframe.
Planned Increase
in Production at Lanfranchi Mine
The Company announced a
preliminary production forecast (see news release dated May 29, 2007) for the
high-grade Lanfranchi Nickel Mine and remains on track to achieve targeted
production levels (Fig 1). The commencement of mining from Deacon
signals a major milestone for the Lanfranchi Mine as the scales dramatically
shift from capital development towards production with 4 out of five
scheduled orebodies now in production. An updated production forecast
is currently underway and expected to be finalized by the end of the second
quarter 2008.
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 100% interest in the Michikamau property in central
Labrador.
Figure 1 : Lanfranchi Nickel Mine Production - Historic and Targeted (100% basis):
BMC share%%
On behalf of the Board of
Directors
"John
Robins"
John Robins, P.Geo.
Chairman
Brilliant Mining Corp.
For further information
about Brilliant Mining Corp. and this news release, please visit our website
at www.brilliantmining.com or
contact:
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.