Goldbrook Ventures Inc

Published : September 10th, 2009

Drills 95.4 m of .78% Ni - Discovers New Zone

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For Immediate Release                                                                                         September 10, 2009
Trading Symbol: GBK - TSX-V 

NEWS RELEASE

 

Goldbrook drills 95.4 metres of 0.78% Ni, 1.19% Cu and 4.10 g/t PGE+Au at

Mystery and discovers new zone of mineralization 

Vancouver, British Columbia - Goldbrook Ventures Inc. ("Goldbrook") is pleased to announce the first results from its 2009 Raglan project Diamond drilling program. This program is carried out under an Option-Joint Venture agreement with Jilin Jien Nickel Industry Co., Ltd. of China.  Goldbrook contracted four drill rigs from Bradley-Nuvumiut (Rouyn-Noranda) for a minimum of 15,000 metres of BQ-size core. The exploration program also includes geological mapping, prospecting and an extensive airborne VTEM geophysical survey.  Field crews mobilized to the Belanger base camp in mid June.  As of late August a total of 77 holes totaling over 14,000 meters had been completed.

Mystery Prospect
The 2009 drilling at Mystery was designed to help define the size and extent of the main Mystery zone discovery of 2008, which is about 10 kilometres west of Goldbrook's Getty-Sylvie deposits.  In the course of this exploration Goldbrook has now discovered what is termed the "Mystery North zone" located in the hanging wall of the Mystery ultramafics about 75 metres north of the Mystery Main zone mineralization.  Drilling continued in August to further test both the North and Main zone mineralization.

 This release reports lab assay data for MYS09-003, the first drillhole to identify the distinct North zone mineralization, and confirmed the location of the Mystery Main zone on section 490875 East.  Drillhole MYS09-003 intersected sulphides over 51.55 metres from 15.5 to 66.7 m downhole (core intersection not true width) which are now identified as the Mystery North zone. This same drillhole also intersected the Mystery Main zone sulphides over 95.40 metres from about 316.4 to 411.8 metres downhole, or to a vertical depth of about 375 metres. This drillhole also extended the known depth of the Mystery Main zone from about 300 to 375 metres vertically from surface.  Drilling continued to test the Mystery mineralization and core samples have been submitted to ALS Chemex in Vancouver with further assays pending. 

Drilling to date confirms the potential of the Ni-Cu-PGE sulphide zones at Mystery.  The Mystery drill program results from testing a coincident EM and magnetic response from a 2007 airborne geophysical VTEM survey, and a very strong downhole EM anomaly obtained during the 2007 drill program.  The mineralization has been tested to a depth in excess of 375 metres below surface and remains open to depth and east and west of the current drill pattern. 

Highlights of the Mystery drillholes MYS09-003, at 490875E, -65 degrees include:

         Mystery North zone intersection is 51.55 metres from 15.15 to 66.7 metres downhole, with an average grade of 0.85% Ni, 0.58% Cu and 0.90 g/t PGE+Au; and,

         Mystery Main zone intersection of 95.4 metres from 316.4 to 411.8 metres downhole with an average grade of 0.78% Ni, 1.19% Cu and 4.10 g/t PGE+Au.

Table 1.  Composited Assay Results 2009 - Mystery Prospect

Hole ID

Intersection

From

To

Interval

Ni

Cu

Co

Pt

Pd

Au

PGE+Au

 

 

metres

percent

grams/tonne

Mystery North zone

 

 

 

 

 

 

 

 

 

 

MYS09-003

1

15.15

66.70

51.55

0.85

0.58

0.05

0.12

0.73

0.05

0.90

 

incl. 1a

15.15

46.40

31.25

1.14

0.73

0.06

0.13

0.96

0.04

1.13

 

incl. 1a-1

15.15

31.60

16.45

1.30

0.74

0.08

0.14

1.47

0.06

1.67

 

incl. 1a-2

24.75

31.60

6.85

1.65

1.01

0.09

0.14

2.31

0.07

2.52

 

incl. 1a-3

39.40

46.40

7.00

1.90

1.34

0.09

0.16

0.38

0.03

0.57

 

incl. 1b

63.80

66.70

2.90

2.15

0.86

0.14

0.29

0.65

0.04

0.98

 

 

 

 

 

 

Mystery Main zone

 

 

 

 

 

MYS09-003

2

316.40

411.80

95.40

0.78

1.19

0.04

0.77

3.20

0.13

4.10

 

incl. 2a

370.00

385.00

15.00

1.01

1.57

0.05

1.01

4.28

0.08

5.37

NOTE:  Intersections are reported as actual core lengths, true widths may be less than core widths depending on drillhole angle and orientation of the intersected mineralized zone

 

Table 2.  Mystery Prospect Drillhole Collar Coordinates and Details 2009

HOLE-ID

Datum

UTM Zone

Easting

Northing

Elevation

Length     (m)

Dip

Azimuth

MYS09-003

NAD83

18

490875

6806744

380

430.7

-65

180

Explanatory notes:  Elevation and length are in metres; dip & azimuth are in degrees

 

Other Exploration  

In addition, to late-August Goldbrook has drilled over 77 holes on other targets along the Belanger trend totaling over 14,000 metres of a planned 15,000 metre program in progress. Samples from these holes have also been submitted to ALS Chemex in Vancouver and assays are pending.

Summary 

The 2009 exploration program is focused on developing new Ni-Cu-PGE sulphide targets, particularly along the Belanger and related trends, as part of Goldbrook's longer term exploration objectives of the company.  In addition to testing new targets and the known Timtu and Pad zones for extensions, continued drilling around the Mystery zone is a high priority for the 2009 drilling season.  Further assay results will be released as they become available. 

Jamie Pardy, PGeo, (Quebec Special Authorization number 121) and G. Carter, PGeo, (Quebec Special Authorization number 122) Vancouver, are qualified persons as defined by National Instrument 43-101 and have reviewed and verified the information contained in and are responsible for the technical content of this press release.  

ON BEHALF OF THE BOARD:

 

 

(signed) "Brian Grant, PGeo" President and COO

 

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 HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.

 

 
. <
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Gold and Silver Prices for these countries : China | All

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.

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Corporate Presentations of Goldbrook Ventures Inc
11/21/2009Goldbrook positioned for nickel production in Quebec
4/7/2008Research note
Annual reports of Goldbrook Ventures Inc
2008 Annual Report
Financings of Goldbrook Ventures Inc
10/12/2011Announces Non Brokered Private Placement
Nominations of Goldbrook Ventures Inc
3/28/2011Announces Executive Appointment
4/30/2010Appoints New CEO and Director
Project news of Goldbrook Ventures Inc
8/19/2011(Nunavik)Nunavik Nickel Project Update
7/21/2011(Nunavik)Entitled to 25% Interest in Nunavik Nickel Project
7/13/2010(Raglan / Belanger)Commences 2010 Drill Program on Raglan Project
6/24/2010(Raglan / Belanger)Raglan Project Mobilizes Summer Field Crews
4/14/2010(Nunavik)Receives NI 43-101 on Nunavik Nickel Project
11/12/2009(Raglan / Belanger)2009 Drilling Enhances Mystery Ni-Cu-PGE Sulphides
10/6/2009(Raglan / Belanger)Discovers Deep Extension to Ni-Cu-PGE Sulphides at TIMTU
6/30/2009(Raglan / Belanger)Announces Start of Raglan Drilling Program 2009
5/26/2009(Raglan / Belanger)Exploration Update
11/7/2008Intersects 76.3 metres .91% Ni, 1.11% Cu 2.94 g/t PGE + AU
9/3/2008(Raglan / Belanger)Discovers Ni-Cu-PGE Sulphide Zone at Mystery
5/9/2008(Raglan / Belanger)Announces Multiple Intersections at Getty
5/1/2008(Raglan / Belanger) Announces 6.05 Metres 2.72% Nickel at Sylvie
6/3/2005(Raglan / Belanger)Anglo American form Raglan joint venture
Corporate news of Goldbrook Ventures Inc
1/31/2012JJ Offer and GBK Directors' Circular Recommending Tender to ...
1/20/2012Executes Support Agreement with Jilin Jien for Friendly $0.3...
12/22/2011Announces Arbitration Award
12/20/2011Announces Results of 2011 Shareholders Meeting
12/19/2011(Nunavik)Noel Nunavik Nickel
11/30/2011Jilin Jien Requests Consent to Make an Offer
9/22/2011Arbitration Update
7/26/2011Clarifies Arbitration Award
4/19/2011Files Petition in the Supreme Court of British Columbia
3/31/2011Announces Notice of Arbitration
8/13/2010from Michael A Berry Morning Notes
7/8/2010Receives Additional 2010 Exploration Funding
6/29/2010(Nunavik)LOI with SNC Lavalin for Nunavik Nickel Project
6/2/20102010 Exploration Update
6/1/2010Are You The Winner ?
3/26/2010Participates in Hong Kong Conference
3/24/2010Receives Additional Funding For 2010 Exploration Program
3/3/2010Receives Initial Funding for 2010 Exploration
1/21/2010Chairman's Update
1/15/2010Confirms Delisting of Canadian Royalties
1/13/2010and Canadian Royalties Complete Plan of Arrangement
1/5/2010/Jien Offer Approved By Canadian Royalties Shareholders
11/23/2009Special Report on Goldbrook Ventures Inc.
11/12/2009Jien Canada Takes Up Shares & Debentures of Canadian Royalti...
10/29/2009Expands Pad Zone
10/28/2009Jien Canada Reports Tender Results
10/16/2009Jien Canada And Canadian Royalties Sign Agreement
9/21/2009Expands Mystery Ni-Cu-PGE Sulphide Zone
9/10/2009Drills 95.4 m of .78% Ni - Discovers New Zone
8/27/2009Offer Represents Full and Fair Value
8/10/2009Jilin Jien and Goldbrook Formally Commence All- Cash Bid for...
6/26/2009Northern Miner Article
6/17/2009Announces Camp Mobilization
2/11/2009Receives Initial Funding for 2009 Exploration
11/26/2008Receives Quebec Refund
11/26/2008and Jilin Jien Nickel Hold Signing Ceremony in Beijing
11/26/2008Re-Elects Directors
11/3/2008Mystery Zone Additional Results
9/15/2008Expands Ni-Cu-PGE Sulphide Zone at Mystery
8/29/2008Signs Agreement with Jilin Jien Nickel
8/25/2008looks to China for partnership
8/22/2008Extends Letter of Intent with Jilin Jien Nickel
8/7/2008Extends LOI with Jilin Jien Nickel
7/18/20082008 Exploration Program at Raglan Underway
6/20/2008Enters LOI with Jilin Jien Nickel
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