Goldbrook pulls long intersection in Ungava (September 27, 2004)

Assay results from a drill hole at the Belanger property in the western part of the Raglan nickel belt show high nickel values over a 49-metre core length.

Owner Goldbrook Ventures (GBK-V) announced last month that it had intersected 49.2 metres of sulphide mineralization, including 14.6 metres of massive sulphides, in hole BEL04-21. Goldbrook geologists had identified pyrrhotite, pentlandite and chalcopyrite in the core.

Samples of the core returned average assay values of 1.35% nickel, 0.61% copper, 0.06% cobalt, 0.37 gram platinum and 2.51 grams palladium per tonne over a 49.4-metre core interval, including massive, disseminated, and net-textured sulphides in a pyroxenite host rock.

The massive mineralization was discontinuous in the 49.4-metre interval, but included an 8.7-metre core length that ran 3.03% nickel, 0.87% copper, 0.12% cobalt, 0.78 gram platinum and 3.6 grams palladium per tonne. Another nearby section, 3.6 metres long, returned average grades of 3.57% nickel, 0.73% copper, 0.15% cobalt, 0.71 gram platinum, and 9.66 grams palladium.

The drill hole was advanced on the Getty zone, a surface showing of nickel-copper mineralization in an ultramafic sill on the Belanger property, about 100 km southwest of the Katinniq deposit now being mined by Falconbridge (FL-T). Getty is one of four nickel-copper showings Goldbrook has located in the sill, which magnetic surveys suggest has a strike length of just over 6 km.

The showing is about 325 metres long and varies from 15 to 50 metres in width. Seven other holes on the showing, covering a 150-metre strike length of the pyroxenite, also returned significant base-metal and platinum-palladium values.

Hole BEL04-12 intersected 19.5 metres of nickel-copper mineralization, averaging 0.48% nickel, 0.43% copper, 0.16 gram platinum and 0.64 gram palladium per tonne. Two massive-sulphide intervals within that intersection, one just over 2 metres long and the other just over a metre, returned nickel grades of 1% and 2%.

Hole BEL04-16 cut 46.8 metres of sulphide mineralization, grading 0.62% nickel, 0.51% copper, 0.22 gram platinum and 0.71 gram palladium per tonne. The hole included a 7-metre intersection with 1.54% nickel and 0.94% copper.

Other drill holes intersected sulphide zones of 20 to 50 metres in core length, mainly with nickel and copper grades in the 0.1% to 0.5% range, with platinum and palladium credits. Assay results from four more drill holes are pending.

The true thickness of the intersections has not yet been determined. The drill results do, however, suggest the mineralized zone is in a trough-shaped zone in the footwall of the Belanger ultramafic sill.

The drill has moved to another of the showings on the sill, and airborne electromagnetic surveys over the property continue.

Unlike Katinniq, the showings on the Belanger property, mostly discovered last year by Goldbrook, are in the South Raglan Trend, which is host to the Expo-Ungava deposit, now held by Canadian Royalties (CZZ-T), and the Mesamax and Lac Mequillon deposits, both discovered in recent exploration by Canadian Royalties.

A recent resource estimate on Mequillon put the size of that deposit at 1.4 million tonnes with average grades of 0.7% nickel, 0.9% copper, 0.03% cobalt, and 0.6 gram platinum and 2.1 grams palladium per tonne, all inferred.