VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 23, 2013) - Brookemont Capital Inc. ("BKT" or the "Company") (TSX VENTURE:BKT)(PINKSHEETS:BKTPF)(FRANKFURT:BRO) is very pleased to announce that APEX Geoscience Ltd. (Apex) has been engaged by BKT to assist in the exploration and development of the "Albany East" Hydrothermal Graphite Prospect.
Based on the limited historic data available for review, BKT's management feels that there is the potential for the discovery of additional magmatic hydrothermal graphite vein-breccia style mineralization similar to the Albany Graphite Deposit within its Albany East Prospect. APEX has initiated compilation of regional airborne geophysical, and historic assessment data covering the Albany East Prospect and is working with the Company to finalize its summer 2013 exploration plans.
Recently BKT received TSX Venture approval for this prospect which allows the Company to initiate a work program to identify the highest priority drill targets. This prospect borders Zenyatta Ventures Ltd. (ZEN-TSX Venture) ground where they have recently made a significant graphite discovery.
Conrad Clemiss, President of Brookemont states, "We are pleased to have engaged APEX to assist in the work program at "Albany East" and we look forward to getting some boots on the ground shortly. This is a very prospective area and we are pleased to have one of the only parcels of land with a significant magnetic low covering most of BKT's newly staked property. Another plus for the property is the proximity of roads, eliminating the need for helicopter support. Clearly this is an exciting stage for BKT."
Recently, (July 12, 2013) BKT announced that based on Geological Survey of Canada and Ontario Department of Mines aeromagnetic airborne data, a significant geophysical magnetic low anomaly is evident on the recently acquired "Albany East" Hydrothermal Graphite Prospect in Ontario. The magnetic depression outlined on the BKT claims measures over 1.5 miles (2.6km) by 1 mile (1.6km) using the scale on the aeromagnetics map. Please refer to map on the Company's website.
The airborne data, from Geophysics paper 3912, Constance Lake, Ontario, Sheet 42 F/16, published in 1967 and compiled by Lockwood Survey Corp., from 1965 to 1967, and completed for the Ontario Department of Mines and the Geological Survey of Canada, Department of Energy, Mines and Resources, outlines a magnetic depression (low) on the Company's ground similar to the magnetic depression that is associated with graphite mineralization on the adjoining Zenyatta Ventures' property.
Mr. Gregory Thomson, P.Geo., is the qualified person for the project as defined by National Instrument 43-101 and he has reviewed this news release.
BKT announced a proposed private placement on July 11, 2013. Terms of the placement are shares at $0.05 with a full 5 year transferable warrant at $0.10 with a five year term. A finder's fee may be payable in association with this private placement. Any questions regarding this placement can be directed to the Company.
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.
