GOLD BROOK VENTURES
Focused on discovery of Nickel-Copper-PGE sulfide deposits through exploration of Goldbrook’s extensive land holdings in the Raglan District, Northern Quebec (Nunavik), Canada; a district that includes Xstrata’s highly profitable Raglan mine operations.
FACTS25% ownership of the Nunavik Nickel Project which has NI43-101 compliant, 21.34 Mt of Indicated Resources in seven deposits. Joint Venture agreement with Jilin Jien Nickel Industry Co. Ltd of Panshi, Jilin China whereby Jilin Jien may earn a 50% interest by funding $45 million in exploration. $17.5 million budget approved for 20102009 drilling program expanded the Mystery Main zone and discovered the Mystery North Zone.Highlights include:
Mystery North Zone intersection in MYS09-003 of 51.55m from 15.15 to 66.7m downhole, with an average grade of 0.85% Ni, 0.58% Cu and 0.90 g/t PGE+Au, with included higher grade intersections.Mystery Main Zone intersection in MYS09-003 of 95.4m from 316.4 to 411.8m downhole with an average grade of 0.78% Ni, 1.19% Cu and 4.10 g/t PGE+Au.
Timtu drillhole TIM09-003: A Timtu zone depth extension of 35.4m from 150.6 to 186m downhole of 0.86% Ni, 0.67% Cu, and 1.81 g/t PGE+AuTimtu drillhole TIM09-013: 27.0m from 126.5 to 153.5m downhole averaging 1.09% Ni, 0.87% Cu and 3.64 g/t PGE+Au Timtu drillhole TIM09-016:2009 drilling also confirmed potential at under-explored prospects such as Delta Northeast and Dragon
In 2010 Goldbrook has allocated a budget of over $17,500,000 to complete an exploration program. It includes up to 25,000 m of diamond drilling in conjunction with an extensive program of prospecting, geochemical surveys and ground geophysics over both the east and west extensions of the productive north and south Raglan horizons. This is an aggressive expansion from the previous, and successful, exploration focus on the Belanger Trend into new, and high potential geological target areas. This program is also designed to follow-up on the positive results of geological, geophysical and remote sensing surveys completed in these areas. Recent work programs were successful in the discovery of extensive nickel-copper-PGE sulphides at the Mystery and Timtu zones.
TEAM HEADBANGER (noob mafia)
