Brilliant Mining Corp. (TSX VENTURE: BLT) (the "Company" or
"Brilliant") is pleased to announce that more than 55,000 (80%) of
approximately 68,000 total line kilometres have been flown during
its ongoing geophysical survey of mineral potential for the
continental Rio Muni region of Equatorial Guinea ("EG") in
West-Central Africa.
Brilliant CEO, John Williamson, stated, "We consider EG to be a
rich geological environment with a clear political mandate to
diversify its economy beyond off-shore petroleum by 2020. We are
pleased to be a partner of choice for this ground breaking endeavor
and look forward to developing a long and fruitful relationship
between EG and our investors. After an extended period of data
collection, the preliminary results are encouraging and we are now
turning our attention to processing the data, prioritizing targets
and exercising our exclusive rights in EG in order to commence
ground exploration early in 2012."
Brilliant expects that survey flights will be completed by
November of 2011 and the Company will then compile and analyze
results to deliver a report to the Government of EG on the
geological potential of the country in exchange for exclusive
rights to select mineral and/or hydrocarbon targets resulting from
the survey for further exploration and development.
Flight production since January 2011 has averaged between 200
and 300 line kilometres per day due to weather delays typical of
the equatorial west-coast rainforest. With the rainy season coming
to a close in EG, daily flight production is expected to improve
through completion of the remaining 13,000 line kilometres, which
will cover approximately half of the most prospective terrane based
on the locations of the known mineral occurrences.
The territory of Equatorial Guinea includes the islands of
Bioko, Annobon, Corisco, Elobey, and Mbane, and the mainland
enclave of Rio Muni, which is bordered to the north by Cameroon and
to the south and east by Gabon. The total surface area of the
country is 28,051 km2, with mainland Rio Muni accounting for
approximately 26,000 km2. Beyond its oil and gas potential, the Rio
Muni offers the wide variety of largely untested mineral potential
that is expected on an Archaean cratonic setting with later
Pan-African overprinting; with possibilities for gold, diamonds,
columbo-tantalite, platinum-group elements, bauxite and base
metals.
Brilliant has commenced detailed processing, geological
interpretations and target generation for areas over which the
survey has been completed. It will take several months to complete
this process due to the sheer scale of the project. However, the
initial data quality from the survey appears good, and will improve
with additional processing and interpretation. The resulting data
sets are many times higher resolution than the historical data and
have already shed light on known occurrences as well as identified
new areas of potential.
About Equatorial Guinea
The Republic of Equatorial Guinea is the only Spanish-speaking
country in Africa, and one of the smallest nations on the
continent. In the late-1990s, American companies helped discover
the country's oil and natural gas resources, which only within the
last five years began contributing to the global energy supply. The
United States has become the largest cumulative bilateral foreign
investor in EG, which supplies 17% of US natural gas, with
investments estimated at over $12 billion. With its newfound
petroleum wealth, Equatorial Guinea is now working to serve as a
pillar of stability and security in its region of West Central
Africa.
President Teodoro Obiang Nguema Mbasogo is Chairman of the
African Union and the capital city Malabo is the home of the
Community Parliament of CEMAC, the Economic Community of Central
African States. The country hosted the 2011 Summit of the African
Union and substantial investment is being made to improve
infrastructure and the standard of living throughout the country,
including highways, electricity networks, potable water,
sanitation, and schools. Infrastructure projects and constitutional
reform are part of the government's multi-year Horizon 2020
development plan, put in motion by President Obiang, which strives
to make Equatorial Guinea an emergent and sustainable economy by
2020. For more information, visit
www.guineaecuatorialpress.com.
About Brilliant Mining Corp.
BRILLIANT MINING CORP. (TSX VENTURE: BLT) is a well-funded
exploration company in search of resource opportunities worldwide.
Brilliant is currently pursuing an innovative growth strategy in
West and Central Africa, whereby it recently acquired exclusive
preferential rights to explore for resources in Equatorial Guinea
in exchange for the delivery of a national airborne geophysical
survey. Driven by an internationally experienced technical and
management team, as well as a newly financed treasury, Brilliant is
well positioned for the discovery and development of high quality
mineral and hydrocarbon projects.
On behalf of the Board of Directors
John Williamson, P. Geol., CEO, President & Director
Brilliant Mining Corp.
For further information about Brilliant Mining Corp. or this
news release, please visit our website www.brilliantmining.com.
Brilliant Mining Corp. is a member of the Discovery Group of
Companies, for more information on the group visit
www.discoveryexp.com.
Caution concerning forward-looking information
This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities laws. This information and statements address future
activities, events, plans, developments and projections. All
statements, other than statements of historical fact, constitute
forward-looking statements or forward-looking information. Such
forward-looking information and statements are frequently
identified by words such as "may", "will", "should", "anticipate",
"plan", "expect", "believe", "estimate", "intend" and similar
terminology, and reflect assumptions, estimates, opinions and
analysis made by management of Brilliant in light of its
experience, current conditions, expectations of future developments
and other factors which it believes to be reasonable and relevant.
Forward-looking information and statements involve known and
unknown risks and uncertainties that may cause Brilliant's actual
results, performance and achievements to differ materially from
those expressed or implied by the forward-looking information and
statements and accordingly, undue reliance should not be placed
thereon.
Risks and uncertainties that may cause actual results to vary
include but are not limited to the availability of financing;
fluctuations in commodity prices; changes to and compliance with
applicable laws and regulations, including environmental laws and
obtaining requisite permits; political, economic and other risks;
fluctuations in foreign exchange rates; as well as other risks and
uncertainties which are more fully described in our annual and
quarterly Management's Discussion and Analysis and in other filings
made by us with Canadian securities regulatory authorities and
available at www.sedar.com. Brilliant disclaims any obligation to
update or revise any forward-looking information or statements
except as may be required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Brilliant Mining Corp. Brian Budd Director of
Corporate Development 604-697-2861 or Toll Free: 1-888-331-2269
info@brilliantmining.com www.brilliantmining.com
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