Brilliant Mining Corp.

Brilliant Mining Corp.

October 27, 2005 14:37 ET

Brilliant Confirms High Grade Gold and Anomalous Uranium Discoveries Grab Samples Return Values of up to 131.2 g/t Au (3.83 oz/ton)

EDMONTON, ALBERTA--(CCNMatthews - Oct. 27, 2005) - Brilliant Mining Corp. (TSX VENTURE:BMC) ("Brilliant") is pleased to announce that claims staked at Chesterfield Inlet, Nunavut, as a result of its 2005 exploration program, include discoveries of high-grade gold mineralization in outcrop and anomalous uranium showings.

In 2005, Brilliant conducted 333.2 line-km of airborne surveys, which identified a large area with coincident magnetic and electromagnetic anomalies along the south side of Chesterfield Inlet at the east end of Baker Lake in the vicinity of Cone Hill, where previous sampling had identified anomalous gold occurrences with high-grade values up to 15.9 g/t Au.

Site visits in late August and early September focused on the Cone Hill area and confirmed the presence of highly altered and mineralized (sulphidized) iron formation horizons that were traced for over 7km along strike. Of the 27 rock samples collected from outcropping iron formation in the Cone Hill area, five have returned assays containing in excess of 1g/t Au, with one sample returning an initial assay of 126.7 g/t Au, which was re-assayed and returned a value of 131.2 g/t Au (3.83 oz/ton).

The Chesterfield Inlet area is considered highly prospective for high-grade gold mineralization. The overall geologic setting at Chesterfield has many similarities to the Meliadine Gold District ( greater than 3 million ounces) located 150 kilometers southeast of the Chesterfield Property. Both properties have gold hosted in highly deformed and sulphide-rich banded iron formation located in close proximity to major first-order structural breaks.

In addition to the gold potential of the Cone Hill area, permits near Chesterfield Inlet that are under option by Brilliant cover the erosion edge of rocks comprising the Proterozoic Baker Lake Group, which are considered highly prospective for uranium mineralization. The unconformity between the ca. 1850 Ma Baker Lake Group and underlying Archean rocks is exposed for over a 25 kilometer strike-length along the western part of the Chesterfield Property. This unconformity is host to several Uranium showings along its overall greater than 100 kilometer trace.

The FOX Occurrence is one such Uranium showing located on the Chesterfield Property and was discovered by Noranda Ltd in the early 1980's. Historic grab samples near the unconformity yielded up to 0.15% U3O8. Reconnaissance sampling by Brilliant this season returned anomalous values up to 0.06% U3O8, confirming the Uranium potential of the region. No Uranium exploration has been reported in the region since the early 1980's.

Pursuant to its option agreement with Falconbridge Ltd., Brilliant has staked 12 claims near Chesterfield Inlet totaling 28,408.8 acres (11,497ha), which cover the Bowell Island Ni occurrence, the Cone Hill gold occurrence and approximately 10 km of the 25 km exposed Baker Lake Group unconformity around the Fox Uranium occurrence (see news releases of January 14 and October 14, 2005).

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Brilliant Mining Corp.
    Sean Mager
    President and CEO
    (780) 437-6624 ext.234
    Brilliant Mining Corp.
    Rob Carpenter, Ph.D., P.Geo.
    (604) 646-4520