Brookemont to Acquire the “Albany East” Hydrothermal Graphite Prospect in Ontario
July 9, 2013 (Source: Marketwired) — Brookemont Capital Inc. (“Brookemont”, “BKT” or the “Company”) (TSX VENTURE:BKT)(PINKSHEETS:BKTPF)(FRANKFURT:BRO) wishes to announce that it has entered into an agreement to acquire a 100% interest in the “Albany East” Prospect from an arm’s length vendor. This land is prospective for hydrothermal (vein) graphite. This prospect directly borders Zenyatta Ventures Ltd. property that hosts its hydrothermal graphite deposit. BKT’s management anticipates mobilizing crews shortly on this prospect.
Conrad Clemiss, President of Brookemont states, “This new acquisition will provide a prospect that may have significant potential for short and long term growth. This new prospect directly borders Zenyatta to the East. Zenyatta has garnered intense investor interest in the past year, whereby the stock price rose from $0.145 to a recent high of $3.28 based primarily on its Albany (Hydrothermal) Graphite Deposit, located in northern Ontario. We plan to aggressively explore and develop this new prospect shortly.”
ZEN recently announced (July 2, 2013), “Drilling Intersects Wide Zones of Graphite Mineralization on East Pipe” and reported results of “Hole 12 yielded 146.0 m @ 5.2% Cg, Hole 13 yielded 177.0 m @ 5.3% Cg, Hole 14 yielded 186.0 m @ 4.9% Cg, Hole 15 yielded 125.0 m @ 4.6% Cg.”
Hydrothermal graphite is the purest graphite and commands a higher prices than flake or amorphous. Uses today for graphite that have been in focus have been for electric cars such as the Tesla and Leaf and tablets and smart phones. Other uses include brake linings, steelmaking as well as foundry and refractory applications.
Gregory Thomson, P.Geo. states, “As the geologic environment in the vicinity is being described as a hydrothermal environment with graphite hosted within vents, it can be geologically possible that other vents within the same environment can exist in the area.”
Terms of the agreement are as follows: $10,000 upon signing and four million common shares of the Company, subject to regulatory approval, to acquire a 100% interest in 26 mineral claims, consisting of approximately 1,030 acres, contiguous on the east side of Zenyatta Venture Ltd.’s Albany graphite discovery.
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The content of this news release was reviewed and approved by Mr. Greg Thomson, P.Geo., director and qualified person for Brookemont.
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.
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