Brookemont Capital Inc.: Work Program at Handeni North Gold Prospect in Tanzania Begins to Generate Targets for Detailed Geochem
March 03 2011 - 3:04AM
Marketwired
Brookemont Capital Inc. ("Brookemont" or the "Company") (TSX
VENTURE: BKT)(PINK SHEETS: BKTPF) wishes to announce that it has
been notified by the operator that based on the initial sampling
and geological mapping it has identified multiple areas for
detailed geochemical surveying and geophysical magnetic surveying
on its Handeni North Gold Prospect. This property directly borders
Canaco Resources Inc.'s ("Canaco") property in the Handeni area of
Tanzania.
According to the operator, multiple rock and soil samples have
been taken from the area of the Company's property for analysis as
Brookemont builds on the geological data base it has started to
compile for the area. The recent work on adjacent properties that
have traced the Canaco zone to the north is being investigated as
Brookemont's property is directly bordering Canaco on their
northern boundry. Please go to www.brookemontcapital.com to view
the map. Also the operator confirms that local artesianal miners
have been seen on the property extracting gold from the property.
At this time no quantifiable amounts of gold have been verfied for
the local miners.
Magnetic surveying completed in the region has assisted in
identifying the structures that could be related to the
mineralizing processes that have deposited gold in this region.
With that basis the Company has authorized the immediate
commencement of similar ground and possibly airborne surveying to
identify the parallel structures that are present and the
mineralized cross structures that the Company's consultants have
identified in the area which are known to contain gold.
The soil sampling grid around the resistant "knobs" of rock
standing above the surrounding plain, much like that found at the
Magambazi zone to the south is well underway and will be completed
in the next 2-6 weeks. It is expected that the initial evaluation
will be completed in the coming weeks with a drill program planned
as soon as all data has been complied and evaluated generating the
highest priority drill targets. The Company has all government
titles and drill permits in place at this time.
The detailed exploration program being initiated is the first
exploration program in the area since the significance of the
Canaco discovery was recognized last summer as being in a new
geological setting (high grade granulite facies metamorphic
terrain) which can produce sizable mineralized deposits.
The Handeni North Gold Prospect consists of a 63.4 square
kilometre gold prospect located in the Handeni Region of Tanzania
("Handeni North Prospect"). Brookemont's property borders Canaco to
the North East, which recently reported drill intercepts of 48.6
metres of 14.81 g/t gold (December 6, 2010).
Conrad Clemiss, President of Brookemont stated, "We are moving
forward with the drill program planned as soon as we finalize the
highest priority drill targets from the data being currently
gathered. Management is optimistic regarding the potential impact
this program may have on Brookemont's corporate growth, as this
area is garnering significant market attention since Canaco made
significant discoveries in the region driving their shares from a
low of $0.36 (February 26, 2010) to a recent high of $6.45
(February 16,2011). When you consider that our property is actually
bordering Canaco on their northern boundry, which is the direction
their discovery appears to be trending, and that gold is near all
time highs, clearly the coming months may be an exciting time for
Brookemont's potential growth."
Brookemont currently has the following projects: (a) quartz
mineral claims in the Yukon bordering Underworld, which was
recently taken over by Kinross Gold Corporation and directly above
the Coffee Discovery from Kaminak; (b) mineral claim blocks in the
Stewart Mining Region of British Columbia bordering Canasia
Industries Corporation's Clone Prospect; (c) mineral claims
prospective for lithium in Northern Ontario; (d) land in North
Eastern Quebec prospective for REE's. in close proximity to the
Eldor REE prospect of Commerce Resources; and (e) now 63 square
kilometres of land in Tanzania bordering Canaco Resources.
Brookemont has completed the initial criteria required upon
closing the Handeni North Prospect transaction as announced on
September 7, 2010.
Company representatives will be attending the PDAC on March 6th
and 7th in booth 2612.
All of the content of this release has been provided, reviewed
and approved by Lawrence Stephenson, PGeo, a qualified person as
defined by National Instrument 43-101.
If you would like to be added to Brookemont's news distribution
list, please send your email address to
info@brookemontcapital.com.
Conrad Clemiss, President, Director
Brookemont Capital Inc.
Neither the TSX Venture Exchange Inc. nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange Inc.) accepts responsibility for the adequacy or
accuracy of this press release.
Contacts: Brookemont Capital Inc. 1604899-9150
info@brokkemontcapital.com www.brookemontcapital.com