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Brilliant Mining Releases Record Fourth Quarter Production Results
Lanfranchi Nickel Mine, Western Australia Vancouver, B.C. - Brilliant Mining Corp. (BMC:TSXV) ("Brilliant" or the "Company") reports the production results from its 25% owned Lanfranchi Nickel Mine, located in the world class Kambalda Nickel District of Western Australia for the period ending September 30, 2006.
Production The Lanfranchi JV (Brilliant Mining 25% & Sally Malay 75%) produced a record 55,547 tonnes of ore during the quarter ending September 30, 2006 at an average grade of 2.29% Ni for 1,272 tonnes of contained nickel metal. This resulted in a 19% increase in tonnes mined compared to the previous quarter and a 5% increase in contained nickel metal. Table1 – Lanfranchi Mine Operating Statistics (100% Lanfranchi JV)
Small scale airleg mining in the Lanfranchi Remnants continued to make a contribution to production during the quarter. Winner Orebody The Lanfranchi JV has approved development of the Winner high grade orebody. Winner is located approximately 1km north of the main Lanfranchi workings and up-dip of Schmitz. The orebody is located 155m vertical below surface and 170m above the existing Schmitz development. It has an elongated cigar shape with a flat dip of 30-40 degrees and is typically 10-20m thick in the east/west plane and 30-60m thick in the north/south plane. The JORC Indicated Resource is 110,551 tonnes at 5.56% Ni at a 1%Ni cut-off and contains 6,147 tonnes of Ni metal. A feasibility study was completed during the quarter and a Mining Reserve of 132,369 tonnes at 4.1% Ni containing 5,426 tonnes of Ni metal was estimated. Access to the orebody will be via a separate decline from a new box-cut position 2.6km north of the current Lanfranchi office/workshop complex. The tender for the box-cut has been awarded and the contractor has mobilised to site. A decline will then be driven in fresh rock commencing in February 2007 utilising Lanfranchi JV personnel and equipment. The mining method proposed is cut and fill with paste backfill similar to the method employed at Helmut South and will ensure high ore recovery rates and maximum flexibility. The duration of the overall project is expected to be 29 months, based on four months for surface works and 25 months of decline development and mining. New Deacon Discovery The latest drill program completed in the vicinity of the Helmut South orebody encountered massive and broad zones of matrix nickel sulphide mineralisation well outside the previously defined resource limits of the Helmut South orebody. This new mineralised zone has been named "Deacon". Three follow-up holes were drilled into Deacon from existing ore drive positions with best results including 90.9m grading 2.29% Ni and 111.0m grading 2.90% Ni (see Figure 1). Massive sulphide on the basal contact at Deacon returned 6.21m at 7.55% and Ni 2.34m at 5.81% Ni. The assay results for these drill holes are summarized in the table below. Table 2- Lanfranchi Project – Deacon Discovery – Additional Resource Potential
Note: NSR – no significant result, barren basalt contact. It should also be noted that the drill positions and orientations of the five holes completed in this drill program were not optimal to test the thickness of the mineralisation and that each mineralised interval is expected to have a considerable down plunge component. A dedicated drill drive will be developed in the next few months to provide an improved orientation to conduct drill delineation on this new zone which is open to depth. Figure 1 - New Deacon Discovery – Plan View
4420 Zone The recently discovered high-grade footwall lode encountered in the Helmut South 4420 level returned significant intercepts of 12m at 3.17% Ni and 11m at 3.29% Ni. The Lanfranchi JV is currently modeling a resource from the recently completed delineation drill program on the 4420 zone. Schmitz Extension Mine planning work on the Schmitz Extension Mineable Reserves of 86,049t at 2.92% Ni for 2,512t Ni contained (assuming mechanized, longhole stoping) continued during the quarter. This could be mined concurrent with Winner next year. The project is supervised by John Williamson, PGeol, of Edmonton, Alberta, CEO and a Director of Brilliant, and is the qualified person as defined in National Instrument 43-101. About Brilliant Mining Brilliant Mining Corp. (BMC: TSXV) 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" Mike Sieb, B.Sc., MBA For further information about Brilliant Mining Corp. or 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. |
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