Brookemont Capital Inc. ("Brookemont" or the "Company") (TSX
VENTURE:BKT)(PINKSHEETS:BKTPF) wishes to announce that it has entered into an
option agreement to acquire 2,234 contiguous hectares (5,520 acres) prospective
for aluminous coal and rare earth in the Gaspe Bay Region of Quebec. The new
prospect directly borders to the NNE the Grand-Vallee Deposit of Orbite Aluminae
Inc. 


Conrad Clemiss, President of the Company states, "This is a very exciting
opportunity for Brookemont. This region of Quebec has garnered a significant
amount of interest as Orbite continues to develop their deposit which borders
our new prospect. We are planning to start operations within the coming days on
this new prospect and we are optimistic regarding what this new prospect could
provide in terms of company growth going forward. Recently (June 5th, 2012)
Orbite announced that they are drilling 'to confirm the previously indicated
strong alumina and rare earths continuity in the aluminous clays on the
immediate NNE outside boundary of the proposed pit.' We are pleased to be able
to acquire the property that is NNE of their property at Grand-Vallee." 


The terms of the option agreement are as follows: (a) 2.5 million shares on TSX
Venture Exchange approval; (b) $20,000 cash and an additional 2.5 million shares
within 13 months of closing; (c) work commitments call of $100,000 within the
first 18 months of closing; (d) work commitments of $250,000 within 30 months of
closing; and (e) work commitments of $500,000 within 42 months of closing. The
agreement is with an arms-length vendor and is subject to TSX Venture Exchange
approval. 


Brookemont currently has the following projects: (a) quartz mineral claims in
the Yukon bordering Underworld, which was recently taken over by Kinross Gold
Corporation and directly above the Coffee Discovery from Kaminak; (b) land in
North Eastern Quebec prospective for REE's in close proximity to the Eldor REE
prospect of Commerce Resources; and (c) 63 square kilometres of land in Tanzania
bordering Canaco Resources.


If you would like to be added to Brookemont's news distribution list, please
send your email address to info@brookemontcapital.com.


Grafico Azioni (TSXV:BKT)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di
Grafico Azioni (TSXV:BKT)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di