FSC / Press Release
Goldbrook Intersects 18.5 Metres of 1.4% Nickel, 0.7% Copper and 3.23 GPT PGE+Gold
Not for Distribution to U.S. Newswire Services or for Dissemination in the United States
Vancouver, British Columbia CANADA, November 14, 2007 /FSC/ - Goldbrook Ventures Inc. (GBK - TSX Venture), ("Goldbrook") is pleased to announce initial drill results from the Sylvie target area on Goldbrook's 100% owned Raglan property (available on Goldbrook website: http://www.goldbrookventures.com/EN/diagram_and_chart/).
Drill hole SYL07-023 intersected 18.45 metres of 1.41% nickel, 0.67% copper, and 3.232 grams per tonne (gpt) PGE+gold from 96.4 metres down hole (Table 1). This interval includes five higher-grade intervals of massive, semi-massive and heavily disseminated sulfides (intervals (i) to (v) below).
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Hole ID Interval to from Ni% Interval Cu% Co% Pt g/t
(m) (m) (m)
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SYL07-023 1 96.4 114.9 18.5 1.41 0.67 0.06 0.414
SYL07-023 incl.(i) 97.8 101.3 3.5 1.43 0.44 0.07 0.435
SYL07-023 inc.(ii) 102.5 105.1 2.6 2.22 1.44 0.10 0.631
SYL07-023 inc.(iii) 108.3 111.6 3.3 2.21 0.63 0.10 0.630
SYL07-023 inc.(iv) 112.9 113.7 0.8 2.30 1.97 0.10 0.265
SYL07-023 inc. (v) 114.4 114.9 0.5 2.83 0.25 0.12 0.184
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--------------------------------------- Hole ID Pd g/t Au gpt PGE+gold --------------------------------------- SYL07-023 2.727 0.090 3.232 SYL07-023 1.708 0.076 2.219 SYL07-023 2.692 0.042 3.365 SYL07-023 5.722 0.254 6.606 SYL07-023 0.674 0.028 0.967 SYL07-023 7.030 0.521 7.735 ---------------------------------------
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True widths are estimated to be approximately 60% of reported core intervals.
These results are the first received from the assay laboratory for a total of 33 holes drilled this season on the Sylvie zone (see map on Goldbrook's website). Sylvie is one of two mineralized zones (Getty is the other) under evaluation for mineral resource modelling. The Sylvie zone, 1 km east of the Getty zone, is a large (150 metre by 180 metre size) moving-loop TEM (SQUID) anomaly associated with a significant surface gossan. Goldbrook discovered Sylvie during 2004 by diamond drilling under the surface gossan. Hole BEL04-42 intersected 44.9 metres of 0.56% nickel, 0.38% copper and 1.28 g/t PGE+gold, which included 18.1 metres of 1.04% nickel, 0.66% copper and 2.65 g/t PGE+gold. Hole SYL07-023 is collared 50 metres to the southwest of the discovery hole.
During the 2007 season Goldbrook drilled 134 diamond drill holes on six target zones (Sylvie, Getty, Bravo, Mystery, Timtu and R2) along a 40 km strike length of the Belanger-Delta Horizon. Assay results for the holes will be released as they become available from the lab. Nickel-copper PGE mineralization in the Raglan district occurs in discrete sulfide zones over extensive areas, as delineated at Xstrata's Raglan operations and at Canadian Royalties Nunavik project. Goldbrook is the largest claims holder in the Raglan district with 100% ownership covering 348,000 hectares (860,000 acres).
The core samples were prepared and assayed by ALS Chemex Laboratories in Vancouver (BC). Assay results for nickel, copper, and cobalt were determined by aqua regia digestion and ICP-AES finish. Platinum, palladium and gold were determined by lead fire assay and ICP-AES finish. In addition to quality control by ALS Chemex, Goldbrook inserts Certified Reference Materials, blanks and duplicates into sample batches for independent evaluation.
Dr. Bill Stone, P.Geo., Senior Vice President of Exploration and Development for Goldbrook Ventures Inc. and Qualified Person as defined by National Instrument 43-101, is responsible for the technical content of this press release.
ON BEHALF OF THE BOARD:
(signed) "David Baker," President
For further information, please call: (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 HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.
Goldbrook Ventures Inc.
Suite 1550 - 200 Burrard Street,
Vancouver, British Columbia, Canada V6C 3L6
T: (604) 683-8083
F: (604) 683-8087
TF: 1-888-488-9884
www.goldbrookventures.com
Source: Goldbrook Ventures Inc. (TSX-V: GBK)http://www.goldbrookventures.com
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