Not for Distribution to U.S.
Newswire Services or for Dissemination in the United States
For
Immediate
Release
May 1, 2008
Trading Symbol: GBK - TSX-V
NEWS RELEASE
Goldbrook
announces additional nickel sulphide mineralization
at Sylvie including 6.05
metres averaging 2.72% Ni, 1.37% Cu
and 7.115 g/t
PGE+Au in drill hole SYL07-018
Vancouver,
British Columbia - Goldbrook Ventures Inc.
("Goldbrook" or "Company") is pleased to announce the
assay results for an additional four holes drilled on its 100% owned
Sylvie Prospect during the 2007 exploration season in the Raglan Belt,
northwest Quebec (see Tables 1 and 2). Results for sixteen other
holes were released earlier (see press releases dated Nov. 27 2007 and
Feb. 14 2008). During the 2007 exploration season, Goldbrook
carried out an extensive exploration program and completed 133 holes for
20,563.8 metres on six separate prospects known as Getty, Sylvie, Bravo
B4, R2, Timtu and Mystery. These prospects outcrop along a 40 km
strike length of the favourable Belanger-Delta Horizon.
Sylvie is hosted within the gabbro-pyroxenite
margin at the east end of an ultramafic-mafic intrusive complex one
kilometre east of the Getty Prospect and 5.5 km NNE of the Company's
Belanger base camp. The 2007 drilling program at Sylvie followed up
previous successful drilling and tested a strong bulls-eye, moving-loop
TEM (SQUID) conductor. Wardrop
Engineering Inc. ("Wardrop") is in the process of completing an
NI 43-101 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. Maps
and a cross-section for the Sylvie prospect are available for viewing on
the Goldbrook website: http://www.goldbrookventures.com/EN/sylvie/
Thirty-three (33) holes were drilled on the
Sylvie showing in 2007. Twenty (20) of those holes have intersected
significant high grade Ni-Cu-PGE sulphide mineralization. The
results for sixteen (16) holes have already been released while the
results for the remaining four holes are as follows:
- Drill
hole SYL07-003 intersected 0.5 metres core length averaging 0.55% Ni
and 0.42% Cu.
- Drill
hole SYL07-007, drilled on the east side of Sylvie showing, contains
three significant intersections:
- 2.7
metres core length from 54.6 m downhole, averaging 0.65% Ni and
0.55% Cu with 1.020 g/t PGE+Au
- 8.4
metres core length at 61 metres downhole averaging 0.55% Ni and
0.50% Cu with 1.264 g/t PGE+Au
- 0.5
metre core length at 73.5 metres downhole averaging 0.98% Ni and
1.29% Cu with 1.007 g/t PGE+Au.
�
Drill hole
SYL07-018 contains two intersections of significant interest:
�
The first section
of 0.65 metres core length is from 100.25 metres downhole and averages
1.59% Ni, 2.38% Cu with 2.352 g/t PGE+Au.
�
A second section
of 13.05 metres core length is from 109.1 metres downhole and averages
1.66% Ni, 1.06% Cu and 4.707g/t PGE+Au. This latter intersection
includes two
higher grade intervals,
one of 0.60 metres core length at 109.6 metres downhole (interval 2i in
Table 1) containing 11.910 g/t PGE+Au, and a second intersection (interval
2ii in Table 1) of 6.05 metres core length starting at 111.2 metres
downhole averaging 2.72% Ni, 1.37% Cu, and 7.115 g/t PGE+Au.
�
Drill hole
SYL07-019 intersected 5.55 metres core length of massive and net-textured
sulphides averaging 0.51% Ni and 0.67% Cu (interval 1 in Table 1) from
170.75 metres down hole. This section includes (interval 1i in Table 1)
0.7 metres core length averaging 3.13% Ni and 4.134 g/t PGE+Au from
175.60 metres downhole.
The composited assay results for the mineralized
intersections in all four Sylvie holes are presented in Table 1.
Table 1: Composited assay results
Note: true widths are estimated to be 80-95% of
the core lengths reported due to the irregular shapes of the nickel
sulphide zones.
Previously released results for the Sylvie
prospect include drill hole SYL07-023 (released Nov. 14, 2007) which
intersected 18.5 m of mineralization grading 1.41% Ni, 0.67% Cu and 3.232
g/t PGE+Au. In addition, hole SYL07-032 (released Nov. 27, 2007)
contains 6.3 m grading 3.13% Ni, 1.22% Cu and 2.227 g/t PGE+Au while
drill hole SYL07-033 (released Nov. 27, 2007) contains 7.9 m of 3.23% Ni,
0.93% Cu and 1.569 g/t PGE+Au.
This new data, combined with historic and
previous drilling data, indicates that Ni-Cu-PGE sulphide mineralization
has been intersected intermittently for approximately 125 metres along
strike and to depths of up to 200 metres down dip at Sylvie. The
Sylvie Prospect is shallow and remains open to the west and
down-dip.
Goldbrook will be including additional zone
delineation and resource drilling of the Sylvie Prospect in future
program planning.
Core samples from the 2007 drill program were
prepared and assayed by ALS Chemex Laboratories in North Vancouver, BC
(ISO 9001:2000 certified). 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) and 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 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.
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