|
URL: http://brilliantmining.com/investors/news_releases/index.php?content_id=47&page_number=1
Vancouver, B.C. - Brilliant Mining Corp. (BMC:TSXV) ("Brilliant") is pleased to announce the receipt of May nickel sales with Brilliant´s share of gross proceeds totaling AUD $1.99 million from the 25% owned Lanfranchi Nickel Mine, located in the world-class Kambalda nickel district of Western Australia.
"The gross proceeds received in May begin to illustrate the potential revenue growth that can be attained as increased production is realized through the ramp-up phase at the Lanfranchi Nickel Mine", states Brilliant President Mike Sieb "with the resulting benefit to Brilliant shareholders magnified in the future as nickel prices continue to set record highs."
The May proceeds were derived from the delivery of 13,998 tonnes of nickel ore grading 3.08% nickel to the BHP Billiton concentrator at Kambalda. Brilliant will continue to receive nickel and copper sales revenues from the Lanfranchi Mine via a long-term Ore Tolling and Concentrate Purchase Agreement with BHP Billiton.
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.
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.
On behalf of the Board of Directors
"Mike Sieb"
Mike Sieb, B.Sc., MBA President Brilliant Mining Corporation
For further information about Brilliant Mining Corp. or this news release, please visit our website at www.brilliantmining.com, or call:
Mike Sieb
President
604-331-2263 |
Derek Iwanaka
Investor Relations
604-331-2269 |
Tony Reda
Investor Relations
604-646-4534 |
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.
|