Brookmount Explorations (BMXI:OTCBB) and B6T (Frankfurt/Berlin)– Poised to Become a Very Successful Resource Company
Brookmount Explorations Inc. has targeted Peru, the world’s sixth largest producer of gold as the locale of its promising Mercedes 100 project. Some of the largest exploration companies in the world including Barrick and Newmont have achieved significant success in Peru. Peru awards approximately 6500 concession covering 3,000,000 hectares every year to some of the largest mining companies in the world. Over the past decade, Peru has been home to some of the largest gold finds in the world.
Major foreign investors in mining operations in Peru include the United States, Canada, United Kingdom, Spain, Chile and Mexico. In recent years, China has made significant investments into the Peruvian mining industry as well. Given the Peruvian economy’s period of sustained growth and sound fiscal management including access to credit, Peru received an investment grade rating in 2008. In 2008, the Peruvian economy exceeded growth rates of 9%.
With a base in Ferndale, Washington, Brookmount Explorations (BMXI:OTCBB) acquired the Mercedes 100 claims, located approximately 193 miles outside of the capital of Peru. The concessions are located in a region that has a history of being an important resource area for many years. Brookmount recently received a compliant NI43-101 Technical Report on its 3211 hectares (approx 8000 acres) Mercedes 100 project located in the department of Junín, Peru.
The report by Gateway Solutions and written by Luc Pigeon, B.Sc, M.Sc, P. Geo., a Canadian Geologist confirms the presence of significant Silver, Zinc and Lead mineralization that reach up to 230.2 grams/ton Silver, 0.83 % Lead and 7.58% Zinc over 80 cm. Furthermore, elevated Gold contents are also present up to 13.30 grams/ton; the presence of gold in the polymetallic system significantly increases the economic potential of the Property.
Over 15 distinct mineralized structures with appreciable precious and base metals have been identified on the principal property Mercedes 100; other sampling has given point results of up to 2280 grams/ton Silver, 4.21% Lead, 9.34% Zinc and 25.9 grams/ton Gold. Mineralization also occurs on the 6 adjoining claims which are also owned by Brookmount.
The Victor II Vein, which has been trialed in depth more than the other veins, shows sporadic Gold, Silver, Zinc, Lead mineralization on two shallow levels and one Gold-enriched Ore shoot that likely continues at depth. Martin Mount, M. Sc (MCSM) C. Geo, C. Eng, who has worked in Latin America for over 20 years and in Peru for over 12 years, on some of the largest and most important mines in Peru, states that the mineralization at the Mercedes project is related to a late intrusive cycle and hydrothermal activity which has risen from depths exceeding 1,000 meters. The presence of Gold mineralization indicates that the Victor II mineralization is probably much larger at greater depths.
To date, several millions of dollars have been invested in the concessions wholly owned by Brookmount Explorations. Brookmount’s near term plans are to identify initial reserves, additional mapping activities of existing structures, a multiple stage assay program and a ground-based geophysics survey.
In a letter to shareholders dated 11/23/2008, the company’s President stated that the
current price levels of BMXI stock and the potential we have in the future, give our shareholders and investors an exciting opportunity. With 38,000,000 shares outstanding and a stock price of $.10 a share, we would agree with that statement. As in any favorable resource play, there are multiple opportunities for Brookmount to become a major resource play. There’s an excellent probability that they will.
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