Goldbrook Receives Initial Funding for 2010 Exploration Program

Goldbrook Ventures Inc. (TSX VENTURE:GBK) reported that the company has received initial funding of $3,000,000 for the 2010 exploration program from Jilin Jien Nickel Industry Co., Ltd. of Panshi, Jilin, China.

The press release is quoted as saying:

This year’s planned exploration program will include up to 25,000 metres of diamond drilling in addition to a regional mapping program, geochemical surveys and ground geophysical surveys. This program will follow-up on the highly successful previous programs of the last several years, which resulted in discoveries of extensive nickel sulphides at the Mystery and Timtu zones and other priority drill targets across the property. Exploration program funding in 2010, which is planned to be in excess of $17,500,000 plus received government rebates, will also test new and positive results from previous geophysical, geological, remote sensing and other work to better define the Ni-Cu-Co-PGE sulphide potential within Goldbrook’s extensive Raglan Nickel Belt property holdings.

Click here to access the entire press release

Click here to access Goldbrook Ventures Corporate Site