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Goldbrook Ventures Inc

Publié le 12 novembre 2009

2009 Drilling Enhances Mystery Ni-Cu-PGE Sulphides

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November 12, 2009

 

 

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States

 

For Immediate Release                                                                                 November 12, 2009
Trading Symbol: GBK - TSX-V

NEWS RELEASE 

Goldbrook 2009 Drilling Enhances Mystery Ni-Cu-PGE Sulphides

DDH MYS09-011 intersects 54.3 metres of 0.84% Ni, 0.98% Cu and 2.97 g/t PGE+Au

Vancouver, British Columbia - Goldbrook Ventures Inc. ("Goldbrook") is pleased to announce additional 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 included geological mapping, prospecting, geochemistry and a 9000-km airborne VTEM geophysical survey.  Eighty-seven (87) drillholes totaling 16,180 metres were completed in 2009. 

The 2009 drilling program along the Belanger trend consisted of testing Ni-Cu-PGE zones with high potential for expansion, particularly the Mystery, Timtu and Pad zones, and also testing underexplored prospects and new targets as part of longer-term exploration objectives. Initial results of the 2009 drill program at Mystery were reported September 10 with a 95.4 m intersection on the Mystery Main deposit and discovery of the Mystery North zone.  A news release dated September 21 announced additional information on the Mystery Main and Mystery North zones. 

This news release completes reporting of the 2009 drilling results, and focuses on the Mystery area.

Drilling on the central and west part of the Mystery Main zone along sections 490825 and 490875 confirmed the up-dip presence of economic sulphides. This is in addition to a depth extension on section 490875 (see release Sept.10, 2009). The 2009 drilling brings the total depth dimension in the vicinity of section 490875 of the Mystery Main zone to over 375 vertical metres below surface and it remains open to depth. 

MYSTERY MAIN ZONE:

The Mystery Main zone is extended eastward with a significant 54.3 m intercept in drill hole MYS09-011, bringing the total strike length of the deposit to over 175 m.  This deposit is still open to depth and to the east, and has an apparent steep eastern plunge. 

         Drillhole MYS09-006 intersected 18.0 metres of sulphides from 69.0 to 87.0 metres downhole with an average grade of 0.71% Ni, 0.75% Cu and 2.54 g/t PGE+Au. 

         Drillhole MYS09-011 intersected 54.3 metres from 244.7 to 299.0 metres downhole averaging 0.84% Ni, 0.98% Cu, 0.05% Co and 2.97 g/t PGE+Au. 

         Drillhole MYS09-013 intersected 18.0 metres from 35.0 to 53.0 metres downhole averaging 0.50% Ni, 0.61% Cu, 0.03% Co and 2.60 g/t PGE+Au. 

         Drillhole MYS09-016 intersected 6.0 metres from 51.0 to 57.9 metres downhole averaging 0.59% Ni, 0.70% Cu, 0.04% Co and 1.41 g/t PGE+Au. 

MYSTERY NORTH ZONE 

The 2009 drilling at Mystery (see release Sept. 10, 2009), discovered the Mystery North zone located within the hanging wall of the Mystery ultramafics and about 75 metres north of the Mystery Main zone mineralization. Further drilling has better defined the North zone as a high-grade Ni-Cu zone of approximately 5 to 8 metres true width and with a vertical depth in excess of 170 metres.  

         Drillhole MYS09-004 intersected 2.2 metres from 115.8 to 118.0 metres downhole with an average 1.24% Ni, 0.69% Cu, 0.08% Co and 1.67 g/t PGE+Au. 

         Drillhole MYS09-005 intersected 6.2 metres from 155.60 to 161.80 meters downhole averaging 0.50% Ni, 1.26% Cu, 0.02% Co and 1.66 g/t PGE+Au, and 2.70 metres from 183.3 to 186.0 metres downhole with an average of 2.58% Ni, 1.13% Cu, 0.15% Co and 0.99 g/t PGE+Au. 

         Drillhole MYS09-008 intersected of 3.1 metres from 116.4 to 119.5 metres downhole with an average grade of 1.64% Ni, 0.53% Cu, 0.08% Co and 0.61 g/t PGE+Au. 

 

Table 2. Mystery Prospect Drill hole Collar Coordinates and Details 2009

Hole ID

Datum

UTM

Easting

Northing

Elevation

Length

Dip

Azimuth

 

 

Zone

 

 

 

(m)

 

 

MYS09-004

NAD83

18

490876.7

6806807.9

379.5

140.0

-43.9

180

MYS09-005

NAD83

18

490876.7

6806807.9

379.5

242.0

-58.0

180

MYS09-006

NAD83

18

490874.4

6806690.4

388.5

116.0

-44.9

180

MYS09-008

NAD83

18

490899.1

6806806.9

379.1

166.0

-45.0

180

MYS09-011

NAD83

18

490924.3

6806664.8

391.4

375.0

-59.0

180

MYS09-013

NAD83

18

490873.9

6806664.8

391.4

78.0

-45.0

180

MYS09-016

NAD83

18

490824.9

6806688.4

385.7

94.3

-45.0

180

MYS09-018

NAD83

18

490851.9

6806805.1

380.0

177.0

-45.0

180

Summary

The 2009 exploration program focused on expanding known resources and developing new Ni-Cu-PGE sulphide targets, particularly along the Belanger and related trends, as part of Goldbrook's longer term exploration objectives for the company. Until late September Goldbrook drilled 87 holes along the Belanger trend totaling over 16,180 metres. Samples from this drilling have been submitted to ALS Chemex in Vancouver and this release is the final compilation of drill results for the 2009 field season. In addition to testing new targets and the Timtu and Pad zones, continued drilling of the Mystery zone was a very high priority. In addition to its successful drilling program, Goldbrook executed a regional geological program including geological mapping, sampling and target assessment along with a 9000 line-km airborne VTEM survey. Data from these programs is providing information to help identify new drill targets in addition to the 6 principal zones that have been drilled to-date consisting of  Mystery Main and North, Getty, Sylvie, Pad, Timtu and Bravo B4.  

The Company will formulate an exploration program for 2010 that will include additional drilling in the Mystery area, and further drilling in the Timtu area to continue expansion of that significant zone both along strike and on its newly identified depth potential (reported October 19, 2009). Drilling is also contemplated at other promising zones along the Belanger trend including Bravo, lesser known prospects such as Delta Northeast, at new targets developed from 2009 regional work and also at locations at the eastern end of its large 860,000 acre land holding. 

Analyses 

Drillcore samples from the 2009 drill program were assayed by ALS Chemex Laboratories in Vancouver, BC [ISO 9001:2000 certified].  Sample preparation was completed at its Yellowknife facility.  Assay results for nickel, copper and cobalt were determined by HNO3-HCL digestion and ICP-AES finish and report nickel in sulphides.  Platinum, palladium and gold were determined by fire assay fusion and ICP-AES finish.  In addition to the ALS Chemex quality control procedures, Goldbrook inserts Certified Reference Materials, blanks and duplicates into the sample batches for independent quality control. 

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 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 e ncountered 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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CODE : GBK.V
ISIN : CA38076R1091
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Goldbrook Ventures est une société d’exploration minière d'or basée au Canada.

Goldbrook Ventures détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont NUVILIK, RAGLAN / BELANGER, SYLVIE, UNGAVA, SCOTT et MASUPARIA PROJECT au Canada.

Goldbrook Ventures est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 80,8 millions CA$ (78,8 millions US$, 62,9 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2003 à 0,80 CA$, et son plus bas niveau récent le 24 décembre 2008 à 0,04 CA$.

Goldbrook Ventures possède 230 989 000 actions en circulation.

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Présentations des Compagnies de Goldbrook Ventures Inc
21/11/2009Goldbrook positioned for nickel production in Quebec
07/04/2008Research note
Rapports annuels de Goldbrook Ventures Inc
2008 Annual Report
Financements de Goldbrook Ventures Inc
12/10/2011Announces Non Brokered Private Placement
Nominations de Goldbrook Ventures Inc
28/03/2011Announces Executive Appointment
30/04/2010Appoints New CEO and Director
Projets de Goldbrook Ventures Inc
19/08/2011(Nunavik)Nunavik Nickel Project Update
21/07/2011(Nunavik)Entitled to 25% Interest in Nunavik Nickel Project
13/07/2010(Raglan / Belanger)Commences 2010 Drill Program on Raglan Project
24/06/2010(Raglan / Belanger)Raglan Project Mobilizes Summer Field Crews
14/04/2010(Nunavik)Receives NI 43-101 on Nunavik Nickel Project
12/11/2009(Raglan / Belanger)2009 Drilling Enhances Mystery Ni-Cu-PGE Sulphides
06/10/2009(Raglan / Belanger)Discovers Deep Extension to Ni-Cu-PGE Sulphides at TIMTU
30/06/2009(Raglan / Belanger)Announces Start of Raglan Drilling Program 2009
26/05/2009(Raglan / Belanger)Exploration Update
07/11/2008Intersects 76.3 metres .91% Ni, 1.11% Cu 2.94 g/t PGE + AU
03/09/2008(Raglan / Belanger)Discovers Ni-Cu-PGE Sulphide Zone at Mystery
09/05/2008(Raglan / Belanger)Announces Multiple Intersections at Getty
01/05/2008(Raglan / Belanger) Announces 6.05 Metres 2.72% Nickel at Sylvie
03/06/2005(Raglan / Belanger)Anglo American form Raglan joint venture
Communiqués de Presse de Goldbrook Ventures Inc
31/01/2012JJ Offer and GBK Directors' Circular Recommending Tender to ...
20/01/2012Executes Support Agreement with Jilin Jien for Friendly $0.3...
22/12/2011Announces Arbitration Award
20/12/2011Announces Results of 2011 Shareholders Meeting
19/12/2011(Nunavik)Noel Nunavik Nickel
30/11/2011Jilin Jien Requests Consent to Make an Offer
22/09/2011Arbitration Update
26/07/2011Clarifies Arbitration Award
19/04/2011Files Petition in the Supreme Court of British Columbia
31/03/2011Announces Notice of Arbitration
13/08/2010from Michael A Berry Morning Notes
08/07/2010Receives Additional 2010 Exploration Funding
29/06/2010(Nunavik)LOI with SNC Lavalin for Nunavik Nickel Project
02/06/20102010 Exploration Update
01/06/2010Are You The Winner ?
26/03/2010Participates in Hong Kong Conference
24/03/2010Receives Additional Funding For 2010 Exploration Program
03/03/2010Receives Initial Funding for 2010 Exploration
21/01/2010Chairman's Update
15/01/2010Confirms Delisting of Canadian Royalties
13/01/2010and Canadian Royalties Complete Plan of Arrangement
05/01/2010/Jien Offer Approved By Canadian Royalties Shareholders
23/11/2009Special Report on Goldbrook Ventures Inc.
12/11/2009Jien Canada Takes Up Shares & Debentures of Canadian Royalti...
29/10/2009Expands Pad Zone
28/10/2009Jien Canada Reports Tender Results
16/10/2009Jien Canada And Canadian Royalties Sign Agreement
21/09/2009Expands Mystery Ni-Cu-PGE Sulphide Zone
10/09/2009Drills 95.4 m of .78% Ni - Discovers New Zone
27/08/2009Offer Represents Full and Fair Value
10/08/2009Jilin Jien and Goldbrook Formally Commence All- Cash Bid for...
26/06/2009Northern Miner Article
17/06/2009Announces Camp Mobilization
11/02/2009Receives Initial Funding for 2009 Exploration
26/11/2008Receives Quebec Refund
26/11/2008and Jilin Jien Nickel Hold Signing Ceremony in Beijing
26/11/2008Re-Elects Directors
03/11/2008Mystery Zone Additional Results
15/09/2008Expands Ni-Cu-PGE Sulphide Zone at Mystery
29/08/2008Signs Agreement with Jilin Jien Nickel
25/08/2008looks to China for partnership
22/08/2008Extends Letter of Intent with Jilin Jien Nickel
07/08/2008Extends LOI with Jilin Jien Nickel
18/07/20082008 Exploration Program at Raglan Underway
20/06/2008Enters LOI with Jilin Jien Nickel
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