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Goldbrook Ventures Inc

Publié le 03 septembre 2008

Discovers Ni-Cu-PGE Sulphide Zone at Mystery

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Dear Eric,

September 3, 2008

 

 

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

For Immediate Release                                                                                           September 3, 2008
Trading Symbol: GBK - TSX-V

 NEWS RELEASE 

Goldbrook Discovers Ni-Cu-PGE Sulphide zone at Mystery
DDH MYS08-003 intersects 131 metres of 0.81% Ni, 0.87% Cu and 3.01g/t  PGE+Au

Vancouver, British Columbia - Goldbrook Ventures Inc. ("Goldbrook") is pleased to announce the first results from its 2008 Raglan project diamond drilling program.  The company contracted three drill rigs from Bradley-Nuvumiut (Rouyn-Noranda) for a minimum of 12,000 metres of BQ-size core.  The program also includes geological mapping, prospecting and an extensive remote sensing survey.  Field crews mobilized to the Belanger base camp in early July.  As of the end of August a total of 31 holes totaling about 7,167 metres had been completed.

 Mystery Prospect 

As of the end of August Goldbrook completed 19 drill holes totaling about 4,524 metres on the Mystery prospect.  These holes are drilled on six vertical sections along a strike length of over 200 metres.  This release reports lab assay data for the first four drillholes, three on one section and one drillhole on a section 50 metres to the east.  All 19 of these drillholes have intersected sulphide mineralization which has been sampled for assay.  These samples have been submitted to ALS Chemex in Vancouver and further assays are pending.  The first three Mystery drillholes reported are on Section 490800 East (see Goldbrook website for this section), and were drilled below MYS07-001 and MYS07-002 (see press release November 27, 2007). 

Drilling to date indicates the potential for a major new Ni-Cu-PGE sulphide zone at Mystery which is about 10 kilometres west of Goldbrook's Getty-Sylvie deposits. The Mystery drill program is focused on testing an extensive, 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 250 metres below surface and remains open to both the east and west of the current drill pattern.   

Highlights of the Mystery drilling to date include: 

  • MYS08-001, at -52 degrees, intersected 35-40% net-textured sulphides over 73.4 metres from 78.6 to 152 metres downhole, with an average grade of 0.67% Ni, 0.71% Cu and 2.12 g/t PGE+Au; and, a second 4-metre intersection from 161 to 165 metres downhole with an average grade of 0.47% Ni, 0.45% Cu and 1.12 g/t PGE+Au.  Drillhole ended in sediments at 185 metres.
     
  • MYS08-003, at -64 degrees, intersected 131 metres of semi-massive to massive sulphides from 78 to 209 metres with an average grade of 0.81% Ni, 0.87% Cu and 3.01 g/t PGE+Au. This intersection includes a zone (1a-1) of 49 metres from 88 to 137.9 metres with an average grade of 0.95% Ni, 0.81% Cu and 3.89 g/t PGE+Au; and a 10.9 metre zone (1a-2) from 127 to 137.9 metres with an average grade of 1.24%Ni, 0.62% Cu and 3.93 g/t PGE+Au. Hole 003 also contains a second, 20 metre intersection from 229 to 249 metres with an average grade of 0.68% Ni, 0.79% Cu and 2.52 g/t PGE+Au. In addition a third intersection of 9.3 metres was encountered from 265 to 274.3 metres with an average grade of 0.60% Ni, 0.50% Cu and 1.22 g/t PGE+Au. In total drillhole MYS08-003 intersected 160.3 metres of Ni-Cu-PGE sulphides grading 0.60% Ni or better.  Drillhole ended in sediments at 300 metres. 
     
  • MYS08-002, at -75 degrees, intersected 35-40% net-textured sulphides over 6 metres from 78 to 84 metres downhole, with an average grade of 0.61% Ni, 0.58% Cu and 1.81 g/t PGE+Au; and a second 13-metre intersection from 98 to 111 metres downhole with an average grade of 0.77% Ni, 0.61% Cu and 2.80 g/t PGE+Au. Drillhole ended in sediments at 288 metres. 

MYS08-004 was drilled at -46 degrees on Section 490850 East, 50 metres east of the first drillholes, to trace the discovery to the east.

MYS08-004 intersected net-textured sulphides over 1.9 metres from 43.1 to 45 metres downhole, with an average grade of 0.68% Ni, 0.70 %Cu and 1.53 g/t PGE+Au; and a second 40-metre intersection from 131 to 171 metres downhole with an average grade of 0.54% Ni, 0.65% Cu and 1.71 g/t PGE+Au. This later intersection includes a 17.5-metre intersection from 145 to 162.5 metres downhole with an average grade of 0.78%Ni, 1.10% Cu and 2.39 g/t PGE+Au. Of interest is a third intersection of 8.3 metres, which is near surface but contains high copper and PGE values, from 13.7 to 22 metres downhole with an average grade of 0.18%Ni, 2.12%Cu and 2.12 g/t PGE+Au. Drillhole ended in sediments at 201 metres.

 Other Drilling and Exploration Work 

  • In addition, to the end of August, Goldbrook has drilled 12 holes on Sylvie and other targets along the Belanger trend totaling about 2,643 metres. Samples from these holes have also been submitted to ALS Chemex in Vancouver and assays are pending.

 


 

Jilin Jien Nickel Joint Venture Agreement 

Goldbrook Ventures has announced (see press release of August 29, 2008) that it has entered into a definitive agreement with Jilin Jien Nickel Industry Co., Ltd. of Panshi, Jilin China for the exploration and development of Goldbrook's Raglan District properties comprising some 891,000 acres in northern Quebec. Jien may earn a 50% interest in the property by providing funding of $45 million over three years for exploration on the property, plus any funds rebated  


by the government for expenditures during the first two years.  Upon Jien acquiring a 50% interest, any government rebate from exploration in the third year will be applied to a fourth year work program and other costs will be funded 50% by Jien and 50% by Goldbrook.

Summary 

The 2008 exploration program is focusing on developing new Ni-Cu-PGE sulphide targets, particularly along the Belanger and related trends, as part of the longer term exploration objectives of the company.  Continued drilling of the new Mystery zone discovery to define the tenor and extent of the new sulphide intersections is a very high priority for the balance of the 2008 drilling season.  Further assay results will be released as they become available.

Brian Grant, PGeo, and G. Carter, PGeo, 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 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.

 


 

 

 

 

.

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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