Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
�
For Immediate Release���������������������������������������������������������������������������������� May 8, 2008
Trading Symbol: GBK - TSX-V�
NEWS RELEASE�
Goldbrook announces multiple intersections of nickel-copper-PGE-Au mineralization in 23 drill holes at Getty��
Vancouver, British Columbia - Goldbrook Ventures Inc. ("Goldbrook") is pleased to announce drill hole assay results for its 100% owned Getty Deposit in the Raglan Belt, northwest Quebec (see Tables 1 and 2). Goldbrook's extensive exploration program in 2007 included the completion of 133 holes for 20,563.8 metres on six separate deposits known as Getty, Sylvie, Bravo B4, R2, Timtu and Mystery. �These deposits outcrop along a 40 km strike length of the favourable Belanger-Delta Horizon.�
The Getty Deposit is comprised of disseminated, semi-massive and massive Ni-Cu-PGE sulphides within the ultramafic-mafic intrusions of the Belanger Trend. �The Getty mineralization comes to surface and has a strike length of approximately 325 metres and widths of 15 to 50 metres. �Drilling has intersected mineralization down to 200 metres depth although the deposit is also open at depth to the west and northwest.� Getty is located one kilometre west of the Sylvie Zone and about 5 km NNE of the company's Belanger base camp.���
The 2007 drilling at Getty followed up previous successful drilling and tested a strong geophysical target consisting of a TEM (SQUID) conductor combined with positive airborne VTEM and Magnetic signatures.� Maps and a section for the Getty prospect are available for viewing on the Goldbrook website: http://www.goldbrookventures.com/EN/raglan/getty.�
In 2007 the Getty Deposit was tested by 56 Diamond drill holes for a total of 9358.5 metres. �Two of these holes (GET07-019 and GET07-056) were drilled specifically for metallurgical test work.� Table 1 shows the significant mineralized intervals for 25 of these holes. Highlights include:��
�������� Drill hole GET07-003 intersected 1.31% Ni and 1.67% Cu over 8.6m from 10 to 18.60 metres downhole. This includes a 1m intersection at 16.1 metres downhole averaging 3.60% Ni, 5.18%Cu and 2.51 g/t PGE+Au.
�������� Drill hole GET07-005 intersected 0.69% Ni, 0.63% Cu and 1.30 g/t PGE+Au over 43.1m from 38 to 81.10 metres downhole.
�������� Drill hole GET07-007 intersected 0.86%Ni and 0.74% Cu over 11.4m from 15.8 to 27.2 metres downhole. In addition, a second interval returned 0.84% Ni and 0.72% Cu over 5.8m from 40.80m to 46.60m downhole. Within this second interval a higher grade zone contains 1.47% Ni and 3.49 g/t PGE+Au over 2.25m from 43.35m to 45.6m downhole.
�������� Drill hole GET07-008 intersected 0.87% Ni and 0.62% Cu over 37.30m from 10 to 47.30 metres downhole. This interval includes 5 metres of 1.23% Ni at 13 to 18 metres downhole, and a second 4.60 metre interval of 1.41% Ni from 37 to 41.6 metres downhole.
�������� Drill hole GET07-012 intersected 15.50m of 1.27% Ni, 0.53% Cu and 1.68 g/t PGE+Au from 61.90 to 77.40 metres downhole. This interval includes 2.0m of 2.46% Ni, 1.53% Cu and 2.71 g/t PGE+Au from 69.00 to 71.00 metres downhole as well as a second interval of 3.00% Ni, 0.70% Cu and 1.97 g/t PGE+Au over 2.08m from 74.22 to 76.30 metres downhole.
�������� Drill hole GET07-016 intersected 0.63% Ni and 0.51% Cu over 1.85m from 16.5 to 18.35 metres downhole. A second interval of 4.75 metres width from 22.05 to 26.80 metres returned 1.12% Ni and 1.09% Cu. This second interval also includes 0.80 metres of 4.09% Ni and 0.84% Cu and 2.10 g/t PGE+Au from 24.9 to 25.70 metres downhole.
�������� Drill hole GET07-036 intersected 15.05 metres of mineralized core with values of 0.67% Ni and 0.50% Cu from 18.5 to 33.55 metres downhole. A second interval of 4.35 metres averaging 0.57% Ni from 51.75 to 56.1 metres downhole is also present in this hole.
�������� Drill hole GET07-047 intersected 5.90 metres of mineralized core, averaging 0.71% Ni and 0.35% Cu. This intersection includes a 0.70 metre section from 86.1 to 86.8 metres grading 2.50% Ni and 0.63% Cu.
�������� Drill hole GET07-052 intersected 23 metres of mineralized core averaging 0.57% Ni and 0.42%Cu from 80.4 to 103.4 metres downhole.�
Table 1. Composited assay results 2007 Getty prospect drilling�
Hole ID
|
�
|
From
|
To
|
Interval
|
Ni
|
Cu
|
Co
|
Au
|
Pt
|
Pd
|
PGE+Au
|
�
|
�
|
metres
|
�
|
�
|
�
|
�g/t
|
�g/t
|
�g/t
|
�g/t
|
GET07-001
|
1
|
9.30
|
19.70
|
10.40
|
0.85
|
0.48
|
0.05
|
0.35
|
0.29
|
0.89
|
1.54
|
�
|
incl1i
|
16.30
|
19.70
|
3.40
|
1.33
|
0.52
|
0.06
|
0.03
|
0.40
|
1.11
|
1.54
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-002
|
1
|
8.00
|
16.50
|
8.50
|
0.65
|
0.43
|
0.03
|
0.07
|
0.25
|
0.90
|
1.23
|
�
|
2
|
20.55
|
27.75
|
7.20
|
1.00
|
0.49
|
0.05
|
0.04
|
0.38
|
1.59
|
2.01
|
�
|
incl 2i
|
20.55
|
21.27
|
0.72
|
3.62
|
0.35
|
0.19
|
0.02
|
0.73
|
0.88
|
1.63
|
�
|
incl 2ii
|
26.27
|
27.25
|
0.98
|
1.26
|
0.55
|
0.06
|
0.03
|
0.24
|
1.89
|
2.15
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-003
|
1
|
10.00
|
18.60
|
8.60
|
1.31
|
1.67
|
0.06
|
0.12
|
0.47
|
1.15
|
1.73
|
�
|
incl1i
|
16.10
|
18.60
|
2.50
|
2.29
|
2.48
|
0.10
|
0.02
|
0.55
|
1.67
|
2.25
|
�
|
incl1ii
|
16.10
|
17.10
|
1.00
|
3.60
|
5.18
|
0.16
|
0.03
|
0.59
|
1.89
|
2.51
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-004
|
1
|
47.30
|
57.25
|
9.95
|
0.74
|
0.40
|
0.04
|
0.07
|
0.33
|
0.87
|
1.27
|
�
|
2
|
59.60
|
63.30
|
3.70
|
0.56
|
0.32
|
0.03
|
0.49
|
0.28
|
1.19
|
1.96
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-005
|
1
|
38.00
|
81.10
|
43.10
|
0.69
|
0.63
|
0.03
|
0.04
|
0.30
|
0.96
|
1.30
|
�
|
incl1i
|
40.50
|
48.40
|
7.90
|
0.95
|
0.43
|
0.05
|
0.02
|
0.32
|
0.81
|
1.15
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
Hole ID
|
�
|
From
|
To
|
Interval
|
Ni
|
Cu
|
Co
|
Au
|
Pt
|
Pd
|
PGE+Au
|
�
|
�
|
metres
|
�
|
�
|
�
|
�g/t
|
�g/t
|
�g/t
|
�g/t
|
GET07-007
|
1
|
15.80
|
27.20
|
11.40
|
0.86
|
0.74
|
0.03
|
0.03
|
0.25
|
0.87
|
1.15
|
�
|
incl1i
|
23.20
|
26.70
|
3.50
|
1.49
|
0.60
|
0.06
|
0.02
|
0.30
|
1.14
|
1.46
|
�
|
2
|
40.80
|
46.60
|
5.80
|
0.84
|
0.72
|
0.04
|
0.02
|
0.23
|
1.67
|
1.92
|
�
|
incl2i
|
43.35
|
45.60
|
2.25
|
1.47
|
0.27
|
0.07
|
0.02
|
0.25
|
3.22
|
3.49
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-008
|
1
|
10.00
|
47.30
|
37.30
|
0.87
|
0.62
|
0.04
|
0.03
|
0.30
|
1.11
|
1.44
|
�
|
incl1i
|
13.00
|
18.00
|
5.00
|
1.23
|
0.67
|
0.05
|
0.04
|
0.41
|
0.94
|
1.39
|
�
|
incl1ii
|
25.00
|
30.30
|
5.30
|
0.99
|
0.73
|
0.04
|
0.03
|
0.26
|
0.94
|
1.23
|
�
|
incl1iii
|
37.00
|
41.60
|
4.60
|
1.41
|
0.68
|
0.06
|
0.04
|
0.43
|
2.73
|
3.20
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-009
|
1
|
11.80
|
14.20
|
2.40
|
0.53
|
0.38
|
0.03
|
0.02
|
0.23
|
0.50
|
0.74
|
�
|
2
|
18.50
|
19.50
|
1.00
|
0.52
|
0.35
|
0.03
|
0.02
|
0.31
|
0.84
|
1.17
|
�
|
3
|
23.00
|
31.00
|
8.00
|
0.89
|
0.49
|
0.04
|
0.03
|
0.34
|
1.15
|
1.52
|
�
|
4
|
33.00
|
33.70
|
0.70
|
0.98
|
1.12
|
0.05
|
0.02
|
0.41
|
1.17
|
1.60
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-010
|
1
|
55.00
|
57.00
|
2.00
|
1.08
|
0.48
|
0.05
|
0.04
|
0.23
|
2.86
|
3.12
|
�
|
2
|
57.50
|
58.50
|
1.00
|
0.54
|
0.22
|
0.03
|
0.02
|
0.27
|
0.64
|
0.93
|
�
|
3
|
60.00
|
65.00
|
5.00
|
0.54
|
0.31
|
0.03
|
0.38
|
0.27
|
1.14
|
1.79
|
�
|
4
|
69.40
|
70.00
|
0.60
|
0.55
|
1.86
|
0.03
|
0.01
|
0.04
|
0.55
|
0.60
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-012
|
1
|
61.90
|
77.40
|
15.50
|
1.27
|
0.53
|
0.07
|
0.02
|
0.35
|
1.31
|
1.68
|
�
|
incl1i
|
69.00
|
71.00
|
2.00
|
2.46
|
1.53
|
0.13
|
0.01
|
0.74
|
1.96
|
2.71
|
�
|
incl1ii
|
74.22
|
76.30
|
2.08
|
3.00
|
0.70
|
0.16
|
0.02
|
0.68
|
1.27
|
1.97
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-016
|
1
|
16.50
|
18.35
|
1.85
|
0.63
|
0.51
|
0.03
|
0.04
|
0.20
|
0.71
|
0.95
|
�
|
2
|
22.05
|
26.80
|
4.75
|
1.12
|
1.09
|
0.05
|
0.50
|
0.32
|
1.01
|
1.84
|
�
|
incl 2i
|
24.90
|
25.70
|
0.80
|
4.09
|
0.84
|
0.16
|
0.03
|
0.82
|
1.26
|
2.10
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-019
|
�
|
Metallurgical test hole
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-020
|
1
|
36.10
|
52.95
|
16.85
|
0.76
|
0.53
|
0.04
|
0.11
|
0.32
|
1.03
|
1.47
|
�
|
2
|
56.45
|
58.35
|
1.90
|
0.89
|
0.77
|
0.04
|
0.08
|
0.34
|
1.50
|
1.91
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-021
|
1
|
29.00
|
33.60
|
4.60
|
0.67
|
0.48
|
0.03
|
0.08
|
0.28
|
0.90
|
1.26
|
�
|
2
|
36.50
|
38.50
|
2.00
|
0.56
|
0.56
|
0.03
|
0.05
|
0.24
|
0.91
|
1.19
|
�
|
3
|
40.50
|
42.50
|
2.00
|
0.52
|
0.41
|
0.03
|
0.02
|
0.17
|
0.72
|
0.91
|
�
|
4
|
47.50
|
64.00
|
16.50
|
0.66
|
0.39
|
0.03
|
0.08
|
0.27
|
1.05
|
1.39
|
�
|
5
|
74.75
|
80.30
|
5.55
|
0.64
|
0.43
|
0.04
|
0.03
|
0.28
|
1.08
|
1.39
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-026
|
1
|
96.50
|
98.60
|
2.10
|
1.05
|
0.26
|
0.04
|
0.02
|
0.19
|
0.48
|
0.69
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-029
|
1
|
43.30
|
43.75
|
0.45
|
3.39
|
0.61
|
0.19
|
0.02
|
0.20
|
1.01
|
1.23
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
Hole ID
|
�
|
From
|
To
|
Interval
|
Ni
|
Cu
|
Co
|
Au
|
Pt
|
Pd
|
PGE+Au
|
�
|
�
|
metres
|
�
|
�
|
�
|
�g/t
|
�g/t
|
�g/t
|
�g/t
|
GET07-036
|
1
|
18.50
|
33.55
|
15.05
|
0.67
|
0.50
|
0.03
|
0.02
|
0.23
|
0.76
|
1.01
|
�
|
2
|
51.75
|
56.10
|
4.35
|
0.57
|
0.20
|
0.03
|
0.01
|
0.17
|
0.67
|
0.86
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-037
|
1
|
22.00
|
27.00
|
5.00
|
0.62
|
0.44
|
0.02
|
0.02
|
0.25
|
1.04
|
1.30
|
�
|
2
|
29.00
|
30.00
|
1.00
|
0.51
|
0.40
|
0.02
|
0.01
|
0.17
|
0.59
|
0.78
|
�
|
3
|
36.00
|
40.00
|
4.00
|
0.54
|
0.45
|
0.02
|
0.05
|
0.21
|
0.66
|
0.92
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-045
|
1
|
65.06
|
66.06
|
1.00
|
2.28
|
0.14
|
0.13
|
0.02
|
0.20
|
0.65
|
0.87
|
�
|
2
|
69.06
|
73.06
|
4.00
|
0.80
|
0.58
|
0.05
|
0.01
|
0.18
|
0.70
|
0.89
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
�
|
GET07-047
|
1
|
81.60
|
87.50
|
5.90
|
0.71
|
0.35
|
0.04
|
0.03
|
0.26
|
0.78
|
1.07
|
�
|
incl1i
|
86.10
|
86.80
|
0.70
|
2.50
|
0.63
|
0.14
|
0.03
|
0.43
|
0.58
|
1.04
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GET07-048
|
1
|
112.10
|
115.70
|
3.60
|
0.66
|
0.67
|
0.05
|
0.05
|
0.28
|
1.28
|
1.62
|
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GET07-050
|
1
|
141.50
|
142.25
|
0.75
|
0.93
|
0.21
|
0.05
|
0.01
|
0.11
|
0.31
|
0.43
|
�
|
2
|
146.45
|
153.35
|
6.90
|
0.81
|
0.52
|
0.05
|
0.01
|
0.21
|
0.81
|
1.03
|
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|
3
|
155.75
|
156.45
|
0.70
|
1.33
|
0.44
|
0.07
|
0.04
|
0.13
|
0.77
|
0.94
|
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|
4
|
157.92
|
159.70
|
1.78
|
1.00
|
1.00
|
0.06
|
0.02
|
0.17
|
0.52
|
0.72
|
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|
incl4i
|
157.92
|
158.45
|
0.53
|
2.75
|
1.63
|
0.16
|
0.02
|
0.41
|
0.97
|
1.39
|
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GET07-051
|
1
|
87.90
|
90.80
|
2.90
|
0.64
|
0.47
|
0.03
|
0.52
|
0.37
|
0.95
|
1.84
|
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GET07-052
|
1
|
80.40
|
103.40
|
23.00
|
0.57
|
0.42
|
0.03
|
0.02
|
0.25
|
0.74
|
1.01
|
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|
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|
GET07-056
|
�
|
Metallurgical test hole
|
Note: true widths estimated to be 80-95% of the core lengths reported due to the irregular shape of the nickel sulphide zone.�
Getty Prospect drill hole collar coordinates and details: �http://www.goldbrookventures.com/EN/raglan/getty
Wardrop Engineering Inc. ("Wardrop") is in the process of completing an NI43-101 compliant resource estimate and report for the Getty and Sylvie showings.� All available drilling, assay, geological and metallurgical data will be incorporated into this estimate.
Previous released results for the Getty deposit include the discovery hole BEL04-21 (Sept. 27, 2004), which included 1.35% Ni, 0.61% Cu, and 2.88 g/t PGE over an intersection length of 49.35 metres. �Goldbrook is planning additional zone delineation and resource drilling of the Getty deposit for the upcoming field season.
Core samples from the 2007 drill program were prepared and assayed by ALS Chemex Laboratories in North Vancouver, BC (certified ISO 9001:2000).� Assay results for nickel, copper, and cobalt were determined by acid digestion and ICP-AES finish.� Platinum, palladium and gold were determined by lead fire assay and ICP-AES finish.� In addition to quality control by ALS Chemex, Goldbrook inserts Certified Reference Materials, blanks and duplicates into sample batches for independent verification of quality control.��
Christopher Moreton, P.Geo., of Wardrop Engineering Inc. (Toronto), a Qualified Person as defined by National Instrument 43-101, has reviewed and is responsible for the technical content of this press release.� G. Carter, P.Geo., Vancouver, is an independent consultant who has carried out a full QAQC review of the 2007 Goldbrook Raglan project assay data, prior to this release, and has verified the data validity.
��ON BEHALF OF THE BOARD:
�(Signed) "Brian Grant, P.Geo.," President and COO
�
For further information, please call: (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.
�
�
|
Goldbrook Ventures Inc
|
|
EXPLORATION STAGE |
|
CODE : GBK.V |
|
ISIN : CA38076R1091 |
|
CUSIP : 38076R 10 9 |
| |
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Goldbrook Ventures is a gold exploration company based in Canada. Goldbrook Ventures holds various exploration projects in Canada. Its main exploration properties are NUVILIK, RAGLAN / BELANGER, SYLVIE, UNGAVA, SCOTT and MASUPARIA PROJECT in Canada. Goldbrook Ventures is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 80.8 millions as of today (US$ 78.8 millions, € 62.9 millions). Its stock quote reached its highest recent level on December 31, 2003 at CA$ 0.80, and its lowest recent point on December 24, 2008 at CA$ 0.04. Goldbrook Ventures has 230 989 000 shares outstanding. |