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Goldbrook Ventures Inc

Publié le 06 octobre 2009

Discovers Deep Extension to Ni-Cu-PGE Sulphides at TIMTU

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October 6, 2009


 

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

 

For Immediate Release                                                                                           October 6, 2009
Trading Symbol: GBK - TSX-V

NEWS RELEASE

 

Goldbrook discovers deep extension to Ni-Cu-PGE Sulphides at TIMTU

TIM09-003 cuts 35.40 metres of 0.86% Ni, 0.67% Cu and 1.81 g/t PGE+Au

 

Vancouver, British Columbia - Goldbrook Ventures Inc. ("Goldbrook") is pleased to announce the 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 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 early September a total of 87 holes totaling over 16,000 meters had been completed. 

Timtu zone- Section 508015 East 

Drilling at Timtu in 2009 was designed to test the potential of nickel sulphides discovered in 2007.  This release reports results for the first three Timtu drillholes on section 508015 East. As a result of this program Goldbrook has discovered Ni-Cu-PGE mineralization at vertical depths greater than 200 metres which is interpreted as a folded, down-dip extension of the Timtu mineralization previously intersected near surface, and this release also documents the discovery of a Copper zone in the footwall sediments adjacent to the ultramafic Ni-Cu-PGE mineralization. The depth extension and copper zone discoveries highlight the significance of Timtu. 

The drilling extended the known Timtu zone within the ultramafic rocks and also discovered in drillhole TIM09-003 what is termed the "Copper" zone of about 8 to 10 metres (core intersection) within the sediments adjacent to the ultramafic footwall. TIM09-003 also intersected the Timtu zone at depth which was previously identified near surface in 2007. The copper rich zone is characterized by very low nickel and PGE values and is considered a zone of remobilized copper sulphides. 

Intersections on section 508015 East tripled the known vertical extent of the Timtu mineralized zone, and confirmed a vertical depth in excess of 200 metres. Mineralization appears continuous from surface along both limbs of an S-folded peridotite and remains open to depth. Drilling east and west of this section also intersected Ni-Cu-PGE mineralization, extending the zones to the east and west. Results for these adjacent drillholes are pending.  

The highlights of these drilling results are as follows: 

  • Drillhole TIM09-001 (-90 degrees) intersected (1) the main South zone mineralization as expected, with 5.10 metres from 93.30 to 98.40 metres downhole averaging 0.96% Ni, 0.77% Cu, 0.05% Co and 4.08 g/t PGE+Au.
  • Drillhole TIM09-002 (-65 degrees) intersected (1) the northern contact twice and contains within the ultramafic hangingwall about 61.3 metres of continuous mineralization from 96.0 to 157.30 metres averaging 0.25% Ni, 0.25% Cu and 0.75 g/t PGE+Au. This repetition of the contacts caused the re-evaluation of the Timtu geological model and provided evidence to support deeper drilling in search for a continuation of sulphides at depth.
  • Drillhole TIM09-003 (-79 degrees) intersected both the Timtu and copper zones with multiple significant nickel, copper and PGE intersections. The first intersection (1) includes 6.0 metres from 94.0 to 100.0 metres downhole, averaging 0.53% Ni, 0.51% Cu and 1.56 g/t PGE+Au;
  • Drillhole TIM09-003: A second intersection (2) includes 35.40 metres from 150.6 to 186.0 metres downhole of 0.86% Ni, 0.67% Cu, and 1.81 g/t PGE+Au; and additionally, intersection 3 confirms sulphides between 195.0 and 211.0 metres downhole, for a total of 16 metres averaging 0.43% Ni, 0.61% Cu and 1.88 g/t PGE+Au, but including three higher grade intersections.
  • Drillhole TIM09-003 also intersected a Copper zone (intersection 4 and 5) within the footwall metasediments immediately adjacent to the Ni-Cu-PGE zone in the ultramafic rocks. The drill intersections of this zone are from 8 to 10 metres (not true thickness) with copper in the range of 1.13 to 1.21 percent but with no other economic metals associated.

Table 1. Composited Assay Results 2009 - Timtu Prospect

Hole ID

Intersection

From

To

Interval

Ni

Cu

Co

Pt

Pd

Au

PGE+Au

 

 

metres

percent

grams/tonne

Timtu Main zone

 

 

 

 

 

 

 

 

 

 

TIM09-001

1

93.30

98.40

5.10

0.96

0.77

0.05

0.54

3.44

0.10

4.08

TIM09-002

1

96.00

157.30

61.30

0.25

0.25

0.02

0.13

0.57

0.05

0.75

TIM09-003

1

94.00

100.00

6.00

0.53

0.51

0.03

0.29

1.23

0.04

1.56

 

2

150.60

186.00

35.40

0.86

0.67

0.03

0.38

1.37

0.06

1.81

 

3

195.00

211.00

16.00

0.43

0.61

0.03

0.31

1.51

0.06

1.88

 

incl 5a

195.00

198.20

3.20

0.83

0.31

0.03

0.94

1.50

0.04

2.48

 

incl 5b

198.70

198.90

0.20

1.63

0.10

0.68

0.03

25.90

0.15

26.08

 

incl 5c

201.70

204.20

2.50

0.38

0.76

0.06

0.03

1.49

0.10

1.62

 

incl 5d

206.60

211.00

4.40

0.64

1.23

0.03

0.38

1.75

0.09

2.22

Copper Zone

 

 

 

 

 

 

 

 

 

 

TIM09-003

4

103.0

111.0

8.0

0.06

1.21

0.01

0.03

0.33

0.07

0.43

 

5

131.0

141.0

10.0

0.02

1.13

0

0.03

0.03

0.03

0.09

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. Timtu Prospect Drillhole Collar Coordinates and Details 2009

 

 

Hole ID

Datum

UTM

Easting

Northing

Elevation

Length

Dip

Azimuth

 

 

Zone

(m)

 

 

TIM09-001

NAD83

18

508015

6810700

389.32

127.0

-90

360

 

 

TIM09-002

NAD83

18

508015

6810700

389.32

180.0

-65

360

 

 

TIM09-003

NAD83

18

508015

6810700

389.32

243.0

-79

360

 

 

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

 

  

Other Exploration 

In addition, up until early September Goldbrook drilled over 87 holes on targets along the Belanger trend totaling over 16,000 metres. Samples from these holes have been submitted to ALS Chemex in Vancouver and results 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 for the company. In addition to testing new targets and the known Timtu and Pad zones, continued drilling around the Mystery zone has been a very high priority for the 2009 drilling season. Further assay results will be released as they become available. 

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 the ALS 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 SA# 121) and G. Carter, PGeo, (Quebec Special SA# 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.

 
. <

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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