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Goldbrook Ventures Inc

Publié le 07 novembre 2008

Intersects 76.3 metres .91% Ni, 1.11% Cu 2.94 g/t PGE + AU

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Date here


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

For Immediate Release                                                                                               November 6, 2008
Trading Symbol: GBK - TSX-V

NEWS RELEASE 

 

Goldbrook Releases Final, 2008 Assay Results for Mystery

DDH MYS08-031 intersects 76.3 metres of 0.91% Ni, 1.11% Cu and 2.94 g/t PGE+Au

Vancouver, British Columbia - Goldbrook Ventures Inc. ("Goldbrook") is pleased to announce additional results from its 2008 Raglan project diamond drilling program on the Mystery zone.  The company contracted three drill rigs from Bradley-Nuvumiut (Rouyn-Noranda) recovering BQ-size core. The program also included geological mapping, prospecting and an extensive remote sensing survey.  Field crews mobilized to the Belanger base camp in early July and as of the completion of the program in late September, 59 drillholes totaling about 11,992 metres had been completed, including 35 drillholes totaling 8,162 metres on the Mystery prospect. 

Mystery Prospect 

Thirty-five (35) holes totaling 8,162 metres were drilled along a strike length of about 600 metres on the Mystery prospect.  This release reports lab assay data for the last eight drillholes from the Mystery prospect and provides additional information on drill results for sections 490825 and 490900 East (see Goldbrook press releases for MYS08-029 on Nov. 3rd, and for MYS08-009, 010, 011 on Oct. 29th). All core samples for 2008 drilling were submitted to ALS Chemex in Vancouver for analyses.  

Drilling to date indicates 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 tested 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 and then focused on strike and dip projections of the newly discovered mineralized zone.   

Highlights of this release of Mystery drilling results include: 

Section 490825 East: MYS08-027, MYS08-031 and MYS08-034

�        MYS08-027 intersected 28.0 metres of sulphides from 118.0 to 146.0 metres downhole with an average grade of 0.52% Ni, 0.59% Cu and 1.54 g/t PGE+Au.

�        MYS08-031 intersected 76.3 metres of sulphides from 135.0 to 211.3 metres downhole with an average grade of 0.91% Ni, 1.11% Cu and 2.94 g/t PGE+Au. An intersection near the top of the hole was 1.2 metres from 34.9 to 36.1 metres downhole with an average grade of 3.11% Ni, 0.46% Cu and 7.01 g/t PGE+Au. A third intersection below the 86.3 metre section was of 3.4 metres from 241.3 to 244.7 metres downhole with an average grade of 0.43% Ni, 0.93% Cu and 0.93 g/t PGE+Au

Section 490900 East: MYS08-035

�        MYS08-035 was drilled above holes MYS08-009, 010 and 011 and confirmed the extension of the sulphide zone on this section with an intersection of 16.0 metres from 72.0 to 88.0 metres downhole, with an average grade of 0.49% Ni, 0.41% Cu, 0.03% Co and 1.66 g/t PGE+Au.

 

Table 1. Composited assay results 2008 - Mystery Prospect

 

 

 

 

 

 

Hole ID

Intersection

From

To

Interval

 

Ni

Cu

Co

Pt

Pd

Au

PGE+Au

metres

 

percent

grams/tonne

MYS08-027

1

118.0

146.0

28.0

 

0.52

0.59

0.03

0.27

1.18

0.09

1.54

 

 

 

 

 

 

 

 

 

 

 

 

 

MYS08-031

1

34.9

36.1

1.2

 

3.11

0.46

0.16

1.75

5.21

0.05

7.01

 

2

135.0

211.3

76.3

 

0.91

1.11

0.05

0.45

2.16

0.33

2.94

 

Incl 2-a

170.0

211.3

41.3

 

1.00

1.38

0.05

0.48

2.67

0.54

3.69

 

3

241.3

244.7

3.4

 

0.43

0.93

0.05

0.05

0.85

0.03

0.93

 

 

 

 

 

 

 

 

 

 

 

 

 

MYS08-034

1

66.8

70.7

3.9

 

0.46

0.61

0.03

0.20

1.05

0.03

1.28

 

 

 

 

 

 

 

 

 

 

 

 

 

MYS08-035

1

72.0

88.0

16.0

 

0.49

0.41

0.03

0.26

1.36

0.04

1.66

 

incl 1-a

83.0

88.0

5.0

 

0.75

0.63

0.04

0.40

2.29

0.05

2.74

 

 

 

 

 

 

 

 

 

 

 

 

 

DDHs MYS08-028, 30, 32 and 33 returned no significant assays.

NOTE:   Intersections are reported as actual core lengths, true widths may be less than core widths depending on the angle of the hole and orientation of the intersected mineralization zone.

 

Table 2. Mystery Prospect Drillholes Collar Coordinates and Details 2008

 

 

HOLE-ID

Datum

UTM Zone

Easting

Northing

Elevation

Length (m)

Dip

Azimuth

MYS08-027

NAD83

18

490826.0

6806738.4

382.9

185.0

-45

180

MYS08-028

NAD83

18

491026.8

6806747.0

373.9

237.7

-45

180

MYS08-030

NAD83

18

491026.8

6806747.0

373.9

282.0

-65

180

MYS08-031

NAD83

18

490826.0

6806738.4

382.9

251.9

-65

180

MYS08-032

NAD83

18

491099.3

6806809.8

371.0

111.0

-60

180

MYS08-033

NAD83

18

491099.3

6806809.8

371.0

333.0

-57

180

MYS08-034

NAD83

18

490826.0

6806738.4

382.9

215.0

-75

180

MYS08-035

NAD83

18

490899.5

6806565.7

395.9

150.0

-45

360

     Explanatory notes: Elevation and length are in metres; Dip & Azimuth are in degrees

 

     Survey data is GPS accurate and preliminary pending final surveys at the end of the program.

 

 

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 ("Jien") 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.  Jien has already funded $12.5 million for the 2008 exploration field program. 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 has established 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 varying in thickness from about 10 to 60 m thickness along a strike length of over 150 metres. It has been drill tested to a vertical depth of over 300 metres. Drillhole MYS08-011, on Section 490900 East, intersected sulphides slightly below 300 metres vertical depth. Drillhole MYS08-005, Section 490850, within a 46-metre sulphide intersection includes a 4-metre section containing an average of 41.30 g/t PGE+Au, including 9.85 g/t platinum (see news release September 15, 2008). Continued drilling of the Mystery zone to better define the extent of the sulphide mineralization will be a high priority for the 2009 drilling season along with other target areas in the Belanger and related trends. Additional results from the 2008 exploration program will be released as they are 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.

 

 

 

 

.

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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