posted
Also had news out this am. I got in early this am. O/S is 16,490,185
News: Brookmount Explorations, Inc. Signs a Letter of Intent to Acquire an Interest in Rock Creek Property With Significant Volcanogenic Massive Magnetite-Sulfide Potential Feb 7, 2006 9:15:00 AM VANCOUVER, BC -- (MARKET WIRE) -- 02/07/06 -- Brookmount Explorations Inc. (OTC BB: BMXI) (www.brookmount.com) today announced that it has signed a letter of intent to acquire 100% of 722161 BC Ltd. which owns a 56% interest in 45 claims (a total of 145 units) covering an area of approximately 3160 hectares known as the Rock Creek Property situated 10 kms southeast of Rock Creek, B.C. in the Greenwood Mining Division.
The southern property boundary corresponds to the Canada - US border and is centered about 10 kms NW of the Crown Jewel open pit gold skarn deposit in Washington with a resource estimate in excess of 1.4 million ounces of gold that has cleared final hurdles and is scheduled to go into production this year. Recent work that has been carried out on a portion (Ket 28 occurrence) of the Rock Creek Property, an assortment of mapping, assessment reports, silt and soil geochemistry, air and ground geophysics, with several programs of shallow drilling has yielded significant and outstanding values. These values range from 1.9 g/t to 52.22 g/t of Gold. An aeromagnetic survey of the area conducted by Crownex Resources Corp. in 1989 indicates geological and geophysical characteristics similar to the Crown Jewel Deposit. A large and strong aeromagnetic anomaly characterizes both the Crown Jewel and the Rock Creek ground and suggests that the two are caused by the same kind of geological features. There are indications on the Rock Creek Property of a potential of volcanogenic massive magnetite-sulfide environment that may be very significant. The management of Brookmount feels that this acquisition is a significant move for the company in its desire to diversify its holdings with solid projects and add to shareholder value. Company Chairman David Dadon states that "...this addition to Brookmount's property portfolio gives us another exciting dimension in this present environment of escalating commodity prices and should bode well for the future of the company."
Brookmount's key property, the Mercedes 100 Project in central Peru is situated on the geological trend hosting the prolific Arequipa Gold Deposit. Brookmount Explorations' mission is to discover, define, and develop a portfolio of key resource properties throughout North and South America. For further information on the Company please contact Mr. Zaf Sungur, Chief Operating Officer at (604) 676-5244. Email at: info*brookmount.com. Web: www.brookmount.com
Safe Harbor:
This news release may include forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended with respect to achieving corporate objectives, developing additional project interests, the Company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements.
Distributed by Filing Services Canada and retransmitted by Market Wire
posted
anyone know what sparked the drop on the 6th, I can't find any news before the 7th of februaryor after the 27th of january
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