VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jul 9, 2013) –
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.
The content of this news release was reviewed and approved by
Mr. Greg Thomson, P.Geo., director and qualified person for
Brookemont.
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.
Brookemont Capital Inc.
Conrad Clemiss
President, Director
1-604-899-9150
info@brookemontcapital.com
www.brookemontcapital.com