Diamond drilling by Goldbrook Ventures at the Raglan joint venture project of Goldbrook Ventures and Jilin Jien Nickel Industry Co in northern Quebec, Canada, has increased the size potential of the Sylvie deposit.
Drilling at the end of the 2010 field campaign saw two diamond holes completed for 404 metres just to the west of the current resource. The aim was to test for a postulated extension to the known massive sulphide mineralization down-plunge and along strike a further 25 metres beyond the current resource.
Both holes were successful in intersecting sulphide ore material and thereby demonstrated the further potential for additional resources at Sylvie. The best result was 19.85 metres from 156 metres @ 1.15% nickel, 0.62% copper and 1.50 grams/tonne platinum group metals plus gold. Another intersection was 9.1 metres from 151 metres @ 1.13% nickel, 0.66% copper, 0.05% cobalt and 1.91 grams/tonne platinum group metals plus gold.
The Sylvie Deposit is estimated to contain 111,000 tonnes of 1.37% nickel, 0.91% copper, 0.06% cobalt, 0.05 grams/tonne gold, 0.42 grams/tonne platinum and 1.38 grams/tonne palladium in a NI43-101 compliant resource estimate.
The Sylvie Deposit is about 1.2km east of the Getty deposit and 7.5km southwest of the Timtu deposit and forms a part of the large Getty-Sylvie Ultramafic Complex on the Belanger Trend. Sylvie remains completely open to the west and may still be open to the north, down the dip plane. Further drilling in 2011 is required to allow for an updating of the resource estimate.
Goldbrook also expanded the size potential of the Delta Northeast prospect during its 2010 program. Drilling identified massive sulphides with the best intersection being 2.7 metres @ 3.49% nickel, 0.25% copper and 2.82 platinum group metals plus gold.
The high grade nickel sulphide system at Delta Northeast is 10 km northeast of Goldbrook's Bravo B4 Deposit and, immediately along strike from Xstrata Nickel's Delta 8 and Delta 9 deposits.
Goldbrook's Raglan project is in the third year of an option-joint venture agreement with Jilin Jien Nickel Industry Co under which they can earn a 50% interest in the Goldbrook properties by funding minimum exploration expenditures of $45 million plus reinvestment of Quebec government rebates.
www.goldbrookventures.com

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