|
Not for Distribution to U.S. Newswire Services or for Dissemination in
the United States
For Immediate
Release
July 18, 2008
Trading Symbol: GBK - TSX-V
NEWS RELEASE
2008
Goldbrook Nickel Exploration Program Underway
Vancouver,
British Columbia - Goldbrook Ventures Inc.
("Goldbrook") is pleased to announce that it has commenced its
2008 nickel-copper PGE sulphide exploration program in the Raglan Belt,
northern Quebec. It has contracted three
diamond drill rigs for the project. Field crews mobilized
to the Belanger base camp in early July and drilling commenced July 11th.
Drills are provided by Bradley-Nuvumiut (Rouyn-Noranda) for a
program consisting of minimum
of 12,000 metres of BQ-size core. The program will also
include geological mapping, prospecting and an extensive remote sensing
survey.
Goldbrook
Ventures Inc. has signed a Letter of Intent ("LOI") with Jilin
Jien Nickel Industry Co., Ltd. ("Jien") of Panshi, Jilin, China
(press release June 20, 2008) with respect to a joint venture for the
exploration and development of Goldbrook's Raglan district properties, which
is comprised of some 891,000 acres in northern Quebec.
The
primary focus of the 12,000
metre drilling program is to extend the limits of the
known sulphide zones at the
Getty and Sylvie zones and enhance the resource estimates
for these zones. In addition, drilling of the new Mystery zone
will be a high priority to test the strong downhole geophysical target
associated with nickel sulphides intersected in the 2007 drilling
program. As well, the drill program will test for new mineralized zones
below numerous surface showings on the established 18 km long Getty trend
and on the sub-parallel but under explored Timtu trend a kilometre to the
north.
Drilling
in 2007 extended the Getty zone to a total of 350 metres along strike and
up to 200 metres down plunge with a thickness of 15 to 50 metres. The
Getty zone was discovered by Goldbrook in 2004, when an intercept of 49.3 metres at 1.35% Ni, 0.61%
Cu and 2.88 g/t PGE (Getty Zone) was drilled under the
surface showing. Wardrop Engineering Inc. is in the process of completing
an NI43-101 compliant resource estimate for the Getty and Sylvie
showings.
In
addition to the drilling program Goldbrook has contracted with SpecTIR,
(Nevada, USA) for comprehensive Hyperspectral and SEBASS surveys of the
property, in addition to a LIDAR survey along the significant Belanger
trend, all to assist the ongoing exploration work defining mineral
potential and drill targets.
Goldbrook
also announces that pursuant to the company's stock option plan, an
aggregate of 5,000,000 incentive stock options have been granted to
certain directors, officers, employees and consultants. The Options
have an exercise price of $0.125 with a five year term.
Jamie
Pardy, P.Geo., Exploration Manager for Goldbrook, and Qualified Person as
defined by NI 43-101, is responsible for executing the field program.
ON BEHALF OF THE BOARD
(signed)
"Brian Grant,"
President
For
further information please contact: (604) 683-8083.
Website: www.goldbrookventures.com
This
news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The
securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws and may not be offered or sold
within the United States or to U.S. Persons unless registered under the
U.S. Securities Act and applicable state securities laws or an exemption
from such registration is available. This press release contains
"forward-looking information" that is based on Goldbrook's
current expectations, estimates, forecasts and projections. This
forward-looking information includes, among other things, statements with
respect to Goldbrook's mineral discoveries, plans, outlook and business
strategy. The words "may", "would", "could",
"should", "will", "likely",
"expect," "anticipate," "intend",
"estimate", "plan", "forecast",
"project" and "believe" or other similar words and
phrases are intended to identify forward-looking
information.Forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause Goldbrook's actual
results, level of activity, performance or achievements to be materially
different from those expressed or implied by such forward-looking
information. Such factors include, but are not limited to: uncertainties
related to drilling results; the ability to raise sufficient capital to
fund exploration; changes in economic conditions or financial markets;
changes in prices for Goldbrook's mineral products or increases in input
costs; litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; technological or
operational difficulties or inability to obtain permits encountered in
connection with exploration activities; and labour relations matters.This
list is not exhaustive of the factors that may affect our forward-looking
information. These and other factors should be considered carefully
and readers should not place undue reliance on such forward-looking
information. Goldbrook disclaims any intention or obligation to
update or revise forward-looking information, whether as a result of new
information, future events or otherwise.
THE TSX VENTURE EXCHANGE DOES NOT
ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THE CONTENT OF THIS
PRESS RELEASE.
|
|