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Goldbrook Ventures Inc

Publié le 01 mai 2008

Announces 6.05 Metres 2.72% Nickel at Sylvie

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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

http://newscaster.creativespirit.bc.ca/uploadedFiles/96/files/GBKPicture1.png

Note: true widths are estimated to be 80-95% of the core lengths reported due to the irregular shapes of the nickel sulphide zones.

http://newscaster.creativespirit.bc.ca/uploadedFiles/96/files/gbkPicture2.pngTo replace this placeholder, please upload the original image (C:\DOCUME~1\user\LOCALS~1\Temp\msohtmlclip1\01\clip_image003.wmz) on server and insert it in the document.


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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Goldbrook Ventures Inc

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CODE : GBK.V
ISIN : CA38076R1091
CUSIP : 38076R 10 9
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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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