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Goldbrook Ventures Inc

Publié le 15 septembre 2008

Expands Ni-Cu-PGE Sulphide Zone at Mystery

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Dear Eric,

September 15, 2008


  NEWS RELEASE

 Goldbrook Expands the Ni-Cu-PGE Sulphide zone at Mystery
DDH MYS08-006 intersects 73.1 metres of 0.72% Ni, 0.99% Cu and 3.25g/t  PGE+Au
DDH MYS08-005 intersects 4 metres of 0.64% Ni, 3.11% Cu and 41.29 g/t PGE+Au

Vancouver, British Columbia - Goldbrook Ventures Inc. ("Goldbrook") is pleased to announce further 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 early September over 35 drillholes totaling about 9,062 metres had been completed.

Mystery Prospect

As of September Goldbrook completed 26 drill holes totaling over 6,160 metres on the Mystery prospect. These holes are drilled on nine vertical sections along a strike length of about 525 metres.  This release reports lab assay data for an additional four drillholes. Three drillholes are on section 490850 (see Goldbrook website for sections and drillhole location map), located 50 metres east of the drilling data on Section 490800 released on September 3, 2008; and, one hole is on section 490775, located 25 metres west of the 490800 section. As of this news release 26 drillholes have been sampled, and have been submitted, or are in transit, to ALS Chemex in Vancouver for assay. Assays are pending.

Drilling to date indicates the potential for a major new Ni-Cu-PGE sulphide zone at the Mystery prospect, 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. 

Highlights of the Mystery drilling to date include:

MYS08-005, -006 and -007 were drilled on Section 490850 East, below the previously reported MYS08-004 and 50 metres east of the first drillholes on Section 490800 East (see September 3, 2008 press release), to further delineate the discovery of the sulphide mineralized zone at the Mystery prospect.

  • MYS08-005 intersected sulphides over 46 metres from 186.0 to 232.0 metres downhole, with an average grade of 0.74% Ni, 1.58% Cu and 6.80 g/t PGE+Au. This 46-metre section includes a 4 metre section from 200 to 204 metres with an average grade of 0.64% Ni, 3.11% Cu and 41.30 g/t PGE+Au.
  • MYS08-006 intersected 73.1 metres from 252 to 325.1 metres downhole, with an average grade of 0.72% Ni, 0.99% Cu and 3.25 g/t PGE+Au.

MYS08-008 was drilled at -55 degrees on Section 490775 East, 75 metres west of the drilling reported above, and 25 metres west of Section 490800 containing Mystery drillholes MYS08-001, -002 and -003 (see press release Sept 3, 2008) and MYS07-001, -002.

  • MYS08-008 intersected 46 metres from 145.0 to 191.0 metres downhole, with an average grade of 0.65% Ni, 0.90%Cu and 2.14 g/t PGE+Au

 

 http://newscaster.creativespirit.bc.ca/uploadedFiles/96/files/Mystery.bmp

 http://newscaster.creativespirit.bc.ca/uploadedFiles/96/files/mystery1.bmp

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 developing Ni-Cu-PGE sulphide targets, along the Belanger and related trends, as part of the longer term exploration objectives of the company.  Drilling at Mystery appears to confirm a vertical to steeply dipping, mineralized zone of about 30 to 50 m thickness at sections 490800 and 490850 East, which is tested to depths of between 250 and 300 metres. Drillhole MYS08-005 also includes a 4-metre section containing an average of 41.30 g/t PGE+Au, which includes 9.85 g/t platinum. Continued drilling of the Mystery zone to define the extent of the sulphide mineralization is a high priority for the 2008 drilling season.  Further assay results will be released as they become available.

Jamie Pardy, 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.

 

 

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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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