|
|
For Immediate
Release
February 11, 2009
Trading Symbol: GBK - TSX-V
NEWS RELEASE
Goldbrook Receives Initial Funding for
2009 Exploration Program
Vancouver, British Columbia - Goldbrook
Ventures Inc. ("Goldbrook") is pleased to announce that
it has received the initial funding of $5,400,000 for the 2009
exploration program, from Jilin Jien Nickel Industry Co., Ltd. of Panshi,
Jilin, China. This year's exploration program will include over
15,000 metres of diamond drilling in addition to regional mapping
programs, geochemical surveys and geophysical surveys. This program
will follow-up on the highly successful 2008 program, which resulted in
the discovery of extensive nickel sulphides within the Mystery zone.
Exploration program funding in 2009, which is planned to be in excess of
$15 million dollars, will also test new and positive results from
previous geophysical, geochemical and geological work to better define
the Ni-Cu-Co-PGE sulphide potential within the company's extensive Raglan
nickel belt property holdings.
Other News
Goldbrook previously reported
(press release November 24, 2008) that it has received its refund from
the Quebec government in the amount of $6,901,182. This refund
represents the Quebec corporate tax credits for the Goldbrook fiscal year
ended April 30, 2008 relating to exploration expenditures on their Quebec
mineral properties.
Goldbrook, in press releases dated from September 3 through
November 6, 2008, announced details of its discovery of a new and
significant zone of Ni-Cu-Co-PGE sulphides within ultramafic rocks in the
western part of the Belanger Trend within the company's extensive
landholdings in the Raglan Belt. One drillhole, MYS08-003, intersected
131 metres of sulphide with an average grade of 0.81% Ni, 0.87% Cu,
0.04% Co and 3.01 g/t PGE+Au. Drilling at Mystery appears to
confirm a vertical to steeply dipping, mineralized zone varying in
thickness form about 10 to 60 m along a strike length of over 150 metres.
It is drill tested to a vertical depth of over 300 metres.
Continued drilling of this zone in 2009 is planned to better define the
extent of the sulphide mineralization zone.
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.
|
|