Brookemont to Acquire the "Kenagami" Hydrothermal Graphite Prospect in Ontario
November 13 2013 - 2:01AM
Marketwired Canada
Brookemont Capital Inc. ("BKT" or the "Company") (TSX
VENTURE:BKT)(PINKSHEETS:BKTPF)(FRANKFURT:BRO) is pleased to announce it has
entered into an agreement to acquire a 100% interest in the "Kenagami"
Hydrothermal Graphite Prospect from an arm's length vendor subject to TSX
Venture Exchange approval.
The Kenagami Prospect was acquired following a review Ontario
alkalic-carbonatite complexes and publicly available airborne magnetic and
electromagnetic survey datasets. The recently discovered Zenyatta Ventures Ltd.
("Zenyatta") Albany (Hydrothermal) Graphite Deposit occurs within the
approximately 25 x 15 kilometre Nagagami River Alkalic Complex defined by a
prominent circular airborne magnetic anomaly.
Brookemont's Kenagami Hydrothermal Graphite Prospect occurs within a large
composite alkalic complex that has the potential to host hydrothermal graphite
mineralization similar to Zenyatta's Albany Deposit. Recent 200 metre-spaced
airborne magnetic data covering the Kenagami Prospect defines a high-priority
zoned circular magnetic anomaly; part a series of alkalic-mafic-ultramafic and
carbonatite complexes forming an arc line approximately 150 kilometres long that
Zenyatta has termed "Arc of Fire".
In the upcoming weeks, Brookemont plans to complete an airborne magnetic and
electromagnetic survey over the Kenagami Prospect. Hydrothermal graphite
mineralization similar to Zenyatta's Albany Deposit is interpreted to form
during the late stage alkalic magmatism, which can produce strong discrete
conductive geophysical anomalies amenable to rapid diamond drill testing. At
present, no hydrothermal graphite mineralization has been identified within the
claims. However, the Prospect has geologic and geophysical characteristics
similar to the Zenyatta property and is a high priority for exploration.
Conrad Clemiss, President of Brookemont states, "This is a very exciting
addition to BKT's projects. We are building up a strong suite of prospects
within this new hydrothermal graphite district and look forward to mobilizing
crews in the coming days to test both of the projects BKT has within this
district. BKT already has the "Albany East" prospect that directly borders the
Zenyatta discovery. Management is optimistic about what the future value of
these prospects will bring to BKT shareholders."
The terms of the acquisition will be call for $20,000 payable within 13 months
of TSX Venture approval and for 4 million shares, with 2 million upon approval
and the other 2 million with 13 months of approval. The Prospect consists of a
single block of 4 claim units totaling 174 acres.
Mr. Kristopher J. Raffle, P.Geo., Principal and Consultant of APEX Geoscience
Ltd. is the qualified person for the project as defined by National Instrument
43-101 and he has reviewed the technical content of this news release as it
relates to the Kenagami Prospect.
BKT announces that it has also cancelled the placement that was announced August
9th. At this time BKT has sufficient flow through funds to continue with the
planned upcoming work program in 2013.
Conrad Clemiss, President, Director
Brookemont Capital Inc.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brookemont Capital Inc.
Conrad Clemiss
President, Director
1-604-899-9150
brookemontinfo@gmail.com
www.Brookemontcapital.com