NR more drill results
Goldbrook Expands Pad Zone, Including 6.0 MetresAveraging 1.14% Ni, 0.63% Cu and 1.56 g/t PGE+Au; and Also ConfirmsPotential at the Delta Northeast and Dragon Prospects
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 29, 2009) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Goldbrook Ventures Inc. ("Goldbrook") (TSX VENTURE:GBK) is pleased toannounce additional results from its 2009 Raglan project diamonddrilling program. This program is carried out under an Option-JointVenture 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. Theexploration program also included extensive geological mapping,prospecting and airborne VTEM geophysical surveys in three large targetareas. Field crews mobilized to the Belanger base camp in mid June andby late September completed a total of 87 holes totaling over 16,180metres.
The 2009 drilling program along the Belanger trend consisted of 1)further testing of known Ni-Cu-PGE zones with high potential forexpansion including the Mystery, Timtu and Pad zones, and 2) testing atunderexplored prospects and new targets as part of longer-termexploration objectives.
Goldbrook announced on October 6th the discovery of a deepextension to Ni-Cu-PGE sulphides at the Timtu zone and then on October19th reported on the remaining 2009 drillholes at Timtu with additionalsignificant intersections, delineation of a copper zone and furtherexpansion of the zone, as well as confirmation of significant newpotential for additional sulphides both down dip and along strike. TheTimtu zone has become a very important resource along the Belangertrend of Ni-Cu-PGE deposits and further drilling is planned in 2010.
The 2009 drilling results from Mystery zone were reported September10th with a 95.4 m intersection on the Mystery Main deposit anddiscovery of the Mystery North zone. A news release dated September 21announced more intersections on the Mystery Main and Mystery Northzones. Additional results are pending on the Mystery prospect.
This news release reports drilling results for the Pad zone, Delta Northeast and Dragon prospects.
PAD ZONE:
Drilling at Pad consisted of 4 drillholes at the mid and westernportion of the zone which have better defined the sulphide potential,provide needed information for additional exploration of the zone nextyear, and include the following highlights:
- Drillhole PDR09-001 (Easting 511650; azimuth 180; -45 dip)intersected 6.0 metres of sulphides from 61.0 to 67.0 metres downholeaveraging 1.14% Ni, 0.63% Cu, 0.04% Co and 1.56 g/t PGE+Au.
- Drillhole PDR09-002 (Easting 511650; azimuth 180; -60 dip)intersected 4.60 metres from 112.0 to 116.6 metres downhole averaging1.53% Ni, 0.92% Cu, 0.06% Co and 1.69 g/t PGE+Au; and 0.40 metres from119 to 119.40 metres downhole averaging 1.54% Ni, 8.00% Cu, 0.06% Coand 1.93 g/t PGE+Au.
- Drillhole PDR09-004 (Easting 511565; azimuth 180; -71 dip)intersected 1.0 metre from 179.8 to 180.8 metres downhole averaging1.55% Ni, 0.57% Cu, 0.06% Co and 1.44 g/t PGE+Au.
DELTA NORTHEAST PROSPECT:
Historical drillhole data, surface mineralization and potential foradditional sulphides at the Delta Northeast prospect were confirmed by2009 drilling. All 3 drillholes encountered Ni-Cu-PGE mineralizationwith 2 holes having intercepts of significant width and grade,including the following:
- Drillhole DNE09-001 (Easting 530068; azimuth 230; -45 dip) had 3intersections consisting of: 4.3 metres from 176.2 to 180.50 metresdownhole averaging 0.60% Ni, 0.17% Cu, 0.02% Co and 0.93 g/t PGE+Au;3.90 metres from 183.10 to 187.00 metres downhole averaging 0.74% Ni,0.17% Cu, 0.03% Co and 0.88 g/t PGE+Au; and 3.55 metres from 196.35 to199.90 metres downhole averaging 0.63% Ni, 0.15% Cu, 0.03% Co and 0.80g/t PGE+Au.
- Drillhole DNE09-002 (Easting 530068; azimuth 230; -65 dip) alsohad 3 intersections: 1.5 metres from 135.80 to 137.30 metres downholeaveraging 0.51% Ni, 0.08% Cu. 0.03% Co and 0.60 g/t PGE+Au; followed by3.2 metres from 145.70 to 148.90 metres downhole averaging 0.80% Ni,0.53% Cu, 0.04% Co and 1.20 g/t PGE+Au; and 2.9 metres from 158.50 to161.40 metres downhole averaging 0.63%Ni, 0.15% Cu, 0.03% Co and0.62g/t PGE+Au.
Geological mapping, on-site analysis of rock samples with aportable XRF analyzer and rock sampling were also conducted at theDelta Northeast site to assist with planning for the 2010 explorationseason.
DRAGON PROSPECT:
Two holes were drilled at the Dragon prospect to test a surfaceshowing and follow-up encouraging results in a historical drillhole.The results were two short intersections of good grade nickel sulphideswhich indicate sulphide potential in the immediate area which will befurther tested in 2010:
- Drillhole DRG09-001 (Easting 530540; azimuth 165; -45 dip)intersected 0.88 metres from 63.00 to 63.88 metres downhole averaging0.73% Ni, 3.32% Cu, 0.06% Co and 4.81 g/t PGE+Au.
- Drillhole DRG09-002 (Easting 530540; azimuth 165; -65 dip)intersected 0.67 metres from 85.13 to 85.80 metres downhole averaging1.92% Ni, 0.93% Cu, 0.08% Co and 2.06 g/t PGE+Au.
Table 1. Composited Assay Results 2009 - Pad zone - Delta Northeast -
Dragon prospects
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Inter- PGE+
From To val Ni Cu Co Pt Pd Au Au
Hole Inter- ----------------- ---------------- --------------------
ID section metres percent grams/tonne
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Pad zone
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PDR09-001 1 61.00 67.00 6.00 1.14 0.63 0.04 0.35 1.18 0.03 1.56
PDR09-002 1 112.00 116.60 4.60 1.53 0.92 0.06 0.39 1.27 0.03 1.69
PDR09-002 2 119.00 119.40 0.40 1.54 8.00 0.06 0.12 1.52 0.29 1.93
PDR09-004 1 179.80 180.80 1.00 1.55 0.57 0.06 0.25 1.12 0.07 1.44
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Delta Northeast
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DNE09-001 1 176.20 180.50 4.30 0.60 0.17 0.02 0.25 0.61 0.07 0.93
DNE09-001 2 183.10 187.00 3.90 0.74 0.17 0.03 0.22 0.63 0.03 0.88
DNE09-001 3 196.35 199.90 3.55 0.63 0.15 0.03 0.22 0.55 0.03 0.80
DNE09-002 1 135.80 137.30 1.50 0.51 0.08 0.03 0.16 0.41 0.03 0.60
DNE09-002 2 145.70 148.90 3.20 0.80 0.53 0.04 0.33 0.78 0.09 1.20
DNE09-002 3 158.50 161.40 2.90 0.63 0.15 0.03 0.16 0.43 0.03 0.62
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Dragon
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DRG09-001 1 63.00 63.88 0.88 0.73 3.32 0.06 0.49 4.21 0.11 4.81
DRG09-002 1 85.13 85.80 0.67 1.92 0.93 0.08 0.48 1.50 0.08 2.06
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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. Drillhole Collar Coordinates and Details 2009
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Hole UTM East- North- Eleva- Length
ID Datum Zone ing ing tion (m) Dip Azimuth
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PDR09-001 NAD83 18 511650 6809970 422 179.0 -45 180
PDR09-002 NAD83 18 511650 6809970 422 130.0 -60 180
PDR09-004 NAD83 18 511563 6809965 432 197.0 -71 180
DNE09-001 NAD83 18 530068 6817342 444 229.0 -45 230
DNE09-002 NAD83 18 530068 6817342 444 213.5 -65 230
DRG09-001 NAD83 18 532540 6811900 465 139.0 -45 165
DRG09-002 NAD83 18 532540 6811900 465 167.0 -65 165
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Explanatory notes: Elevation and length are in metres; dip & azimuth are in
degrees
Summary
The 2009 exploration program focused on developing new Ni-Cu-PGEsulphide targets, particularly along the Belanger and related trends,as part of Goldbrook's longer term exploration objectives for thecompany. Until mid September Goldbrook drilled over 87 holes on targetsalong the Belanger trend totaling over 16,180 metres. Samples from thisdrilling have been submitted to ALS Chemex in Vancouver and furtherresults will be released as they become available. In addition totesting new targets and the known Timtu and Pad zones, continueddrilling around the Mystery zone was a very high priority for the 2009drilling season. Goldbrook will soon start preparation work for its2010 exploration season.
Maps and sections of results at the Pad zone and Delta Northeastand Dragons prospects are posted on the Goldbrook website at:www.goldbrookventures.com. The Company will release additional drillingassay results as the information becomes available and is reviewed foraccuracy.
Goldbrook will also be reviewing data from the 2009 seasonincluding results of geological mapping, on-site XRF analysis, rockgeochemistry, an airborne VTEM geophysical survey and drilling as partof preparation for its 2010 exploration program.
Analyses
Drillcore samples from the 2009 drill program were assayed by ALSChemex Laboratories in Vancouver, BC (ISO 9001:2000 certified). Samplepreparation was completed at the ALS Yellowknife facility. Assayresults for nickel, copper and cobalt were determined by HNO3-HCLdigestion and ICP-AES finish and report nickel in sulphides. Platinum,palladium and gold were determined by fire assay fusion and ICP-AESfinish. In addition to the ALS Chemex quality control procedures,Goldbrook inserts Certified Reference Materials, blanks and duplicatesinto the sample batches for independent quality control.
Jamie Pardy, PGeo, (Quebec SA# 121) and Ginette Carter, PGeo,(Quebec Special SA# 122) Vancouver, are qualified persons as defined byNational Instrument 43-101 and have reviewed and verified theinformation contained and are responsible for the technical content ofthis press release.
ON BEHALF OF THE BOARD:
Brian Grant, PGeo, President and COO
This news release does not constitute an offer to sell or asolicitation of an offer to buy any of the securities in the UnitedStates. The securities have not been and will not be registered underthe United States Securities Act of 1933, as amended (the "U.S.Securities Act") or any state securities laws and may not be offered orsold within the United States or to U.S. Persons unless registeredunder the U.S. Securities Act and applicable state securities laws oran exemption from such registration is available.
This press release contains "forward-looking information" that isbased on Goldbrook's current expectations, estimates, forecasts andprojections. This forward-looking information includes, among otherthings, 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 othersimilar words and phrases are intended to identify forward-lookinginformation.
Forward-looking information is subject to known and unknown risks,uncertainties and other factors that may cause Goldbrook's actualresults, level of activity, performance or achievements to bematerially different from those expressed or implied by suchforward-looking information. Such factors include, but are not limitedto: uncertainties related to drilling results; the ability to raisesufficient capital to fund exploration; changes in economic conditionsor financial markets; changes in prices for Goldbrook's mineralproducts or increases in input costs; litigation, legislative,environmental and other judicial, regulatory, political and competitivedevelopments; technological or operational difficulties or inability toobtain permits encountered in connection with exploration activities;and labour relations matters.
This list is not exhaustive of the factors that may affect ourforward-looking information. These and other factors should beconsidered carefully and readers should not place undue reliance onsuch forward-looking information. Goldbrook disclaims any intention orobligation to update or revise forward-looking information, whether asa result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Goldbrook Ventures Inc.
Brian Grant, PGeo
President and COO
(604) 683-8083 or Toll Free: 1-888-488-9884
(604) 683-8087 (FAX)
www.goldbrookventures.com
TheTSX Venture Exchange has not reviewed and does not acceptresponsibility for the adequacy or accuracy of the content of thispress release.