Brilliant Mining Corp.: Production Commences 18 Months After Discovery at High-Grade Deacon Orebody Lanfranchi Nickel Mine, Kambalda District of Western Australia
VANCOUVER, BRITISH COLUMBIA–( EMWNews – March 31, 2008) – Brilliant Mining Corp. (TSX VENTURE:BMC) (“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)(i)
– Commencement of production at Deacon with a Probable Reserve of 1.7 Mt grading 2.54% Ni for 43,000 tonnes (95 million lbs)(i) 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)(i) 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 can be viewed at the following address: http://media3.EMWNews.com/docs/BMC_FIG1_0331.pdf
On behalf of the Board of Directors
John Robins, P.Geo., Chairman
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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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