Brookemont Receives Approval for the “Kenagami” Hydrothermal Graphite Prospect in Ontario
November 28, 2013 (Source: Brookemont Capital Inc.) — Brookemont Capital Inc. (“BKT” or the “Company”) (BKT-TSX.V) (BKTPF-USA) is pleased to announce it has received approval from the TSX Venture to acquire a 100% interest in the “Kenagami” Hydrothermal Graphite Prospect in Ontario.
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.
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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”.
Brookemont plans to complete an airborne magnetic and electromagnetic survey over the Kenagami Prospect in the coming days. 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.
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.
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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>