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Goldbrook Ventures Inc

Publié le 21 septembre 2009

Expands Mystery Ni-Cu-PGE Sulphide Zone

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September 21, 2009


 

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

 

For Immediate Release                                                                                         September 21, 2009
T
rading Symbol: GBK - TSX-V

 

NEWS RELEASE 

Goldbrook Expands Mystery Ni-Cu-PGE Sulphide zone
MYS09-002 intersects 27.5 m of 0.90% Ni, 1.33% Cu, 0.05% Co and 5.18 g/t PGE+Au
 

Vancouver, British Columbia - Goldbrook Ventures Inc. ("Goldbrook") is pleased to announce the second set of 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. 

Mystery Prospect 

Drilling on the Mystery 490875 East section continued to successfully intersect significant mineralization. DDH MYS09-001 and MYS09-002 confirmed and extended both the Main and the North zone mineralization encountered in MYS09-003 (see press release of Sept. 10th).  

The 2009 drilling at Mystery was designed to help define the size and extent of the Mystery discovery of 2008, which is about 10 kilometres west of Goldbrook's Getty-Sylvie deposits.  In the course of this exploration Goldbrook has now discovered what is termed the "Mystery North zone" located within the hanging wall of the Mystery ultramafics and about 75 metres north of the Mystery Main zone mineralization.  Drilling continued in August to further test both the North and Main zone mineralization.  

This release reports lab assay data for additional drillholes used to identify the distinct North zone mineralization and expand the Mystery Main zone, on section 490875 East. Drillhole MYS09-002 contains a sulphide intersection identified as North zone mineralization over 4.3 metres from 15.8 to 20.1 metres downhole with an average grade 0.96% Ni, 0.96% Cu, 0.05% Co, 1.32 g/t PGE+Au. Drillhole MYS09-002 also intersected the Main zone sulphides over 27.5 metres from about 183.5 to 211 metres downhole with an average grade of 0.90% Ni, 1.33% Cu, 0.05% Co and 5.18 g/t PGE+Au. 

Drilling to date confirms the significant potential of the Ni-Cu-PGE sulphide zones at Mystery.  The Mystery drill program results from testing a 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 and in subsequent drilling.  The mineralization has been tested to a depth in excess of 375 metres below surface and remains open to depth and east of the current drill pattern.  

Highlights of drillhole MYS09-002, at 490875E, -55 degrees include:

  • North zone intersection is over 4.3 metres from 15.8 to 20.1 metres downhole, with an average grade of 0.96% Ni, 0.96% Cu and 1.32 g/t PGE+Au; and,
  • Main zone intersection of 27.5 metres from 183.5 to 211.0 metres downhole with an average grade of 0.90% Ni, 1.33% Cu, 0.05% Co and 5.18 g/t PGE+Au. 

Highlights of drillhole MYS09-001, at 490875E, -45 degrees include: 

  • Main zone intersection of 28.0 metres from 128.0 to 156.0 metres downhole, with an average grade of 0.7% Ni, 1.49% Cu and 2.9 g/t PGE+Au; and,
  • Main zone intersection of 4.0 metres from 162.0 to 166.0 metres downhole with an average grade of 0.36% Ni, 0.46% Cu, and 1.76 g/t PGE+Au.

 

Table 1. Composited Assay Results 2009 - Mystery Prospect

Hole ID

Intersection

From

To

Interval

Ni

Cu

Co

Pt

Pd

Au

PGE+Au

 

 

metres

percent

grams/tonne

North Zone

 

 

 

 

 

 

 

 

 

 

 

MYS09-002

1

15.80

20.10

4.30

0.96

0.96

0.05

0.30

0.98

0.04

1.32

 

 

 

 

 

Mystery Main Zone

 

 

 

MYS09-001

1

128.00

156.00

28.00

0.70

1.49

0.04

0.50

2.06

0.34

2.90

 

2

162.00

166.00

4.00

0.36

0.46

0.02

0.41

1.32

0.03

1.76

MYS09-002

2

183.50

211.00

27.50

0.90

1.33

0.05

0.89

4.11

0.18

5.18

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. Mystery Prospect Drillhole Collar Coordinates and Details 2009

Hole ID

Datum

UTM

Easting

Northing

Elevation

Length

Dip

Azimuth

 

 

Zone

 

 

 

(m)

 

 

MYS09-001

NAD83

18

490875

6806744

380

178

-45

180

MYS09-002

NAD83

18

490875

6806744

380

262

-55

180

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

 

  

Other Exploration  

In addition, to early September Goldbrook has drilled over 87 holes on other targets along the Belanger trend totaling over 16,000 metres.  Samples from these holes have also been submitted to ALS Chemex in Vancouver and assays 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 of the company. In addition to testing new targets and the known Timtu and Pad zones for extensions, continued drilling around the Mystery zone is very a 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 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 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 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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