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Goldbrook Announces Mine and Infrastructure Construction Underway for the Nunavik Nickel Project, Ungava
Aug. 18, 2010 01:50PM PST
Base Metals Investing
Goldbrook Ventures Inc.(CVE:GBK) announced that the Directors of Jien Canada Mining Ltd. have approved a project development budget of $122,400,000 for 2010, and have additionally approved a construction program which targets Q1 of 2012 for the commissioning and start-up of a mill and the necessary infrastructure to exploit the known resources of the Nunavik Nickel Project, located in Ungava, Northern Quebec.
Goldbrook Ventures Inc.(TSXV:GBK) announced that the Directors of Jien Canada Mining Ltd. have approved a project development budget of $122,400,000 for 2010, and have additionally approved a construction program which targets Q1 of 2012 for the commissioning and start-up of a mill and the necessary infrastructure to exploit the known resources of the Nunavik Nickel Project, located in Ungava, Northern Quebec.
The press release is quoted as saying:
Goldbrook Ventures is engaged in the exploration and development of Nickel-Copper-Platinum Group Element sulphide deposits – a class of mineral deposit that, due to its polymetallic nature, has an advantage of protection against individual metal price cycles and has strong long term supply-demand fundamentals. Goldbrook’s quest for discovery is focused in the Raglan District of Northern Quebec, a district that hosts Xstrata’s Raglan operations, arguably one of the world’s most profitable nickel-copper-PGE mines.
Click here to access the entire press release