ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

BMXI Brookmount Explorations Inc (PK)

0.056985
0.00399 (7.52%)
29 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Brookmount Explorations Inc (PK) USOTC:BMXI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.003985 7.52% 0.056985 0.0417 0.0643 0.06 0.0521 0.053 342,689 19:00:01

Brookmount Gets a Favorable Independent 43-101 Technical Report on Its Mercedes 100 Polymetallic Property Located in Junín, Peru

10/08/2009 2:00pm

Marketwired


Brookmount Explorations (PK) (USOTC:BMXI)
Historical Stock Chart


From Nov 2019 to Nov 2024

Click Here for more Brookmount Explorations (PK) Charts.

Brookmount Explorations, Inc. (OTCBB: BMXI) (FRANKFURT: B6T) is pleased to announce the completion of a NI43-101 Technical Report on its 3211 hectare 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.

Based on Mr. Pigeon's findings, further exploration on the Property is fully warranted and it is suggested to perform Geological mapping, geophysical studies and exploration development in order to assess the Ore quality and its continuity to NI 43-101 standards.

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 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 within the mesothermal region of deposition and that higher temperature mineralization has to be found in depth.

For example, the San Cristobal deposit is characterized by +/-10 centimeter wide veins at surface that reach up to 10 meters or more at 1000 meters depth. Also the Yauliyacu Mine is now at 1.4kilometers in depth and continuing†.

With the preliminary compilation and studies completed, Brookmount looks forward to initiate systematic exploration of the property prior to making a production decision.

The technical information of this news release has been reviewed by Luc Pigeon, B.Sc., M.Sc., P. Geo.; a Gateway Solutions Geologist and Independent Qualified Person as defined by NI 43-101.

† The mineralization at San Cristobal and Yauliyacu is not necessarily indicative of the mineralization at Mercedes 100.

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.

For Inquiries please call: 951.723.8760

1 Year Brookmount Explorations (PK) Chart

1 Year Brookmount Explorations (PK) Chart

1 Month Brookmount Explorations (PK) Chart

1 Month Brookmount Explorations (PK) Chart

Your Recent History

Delayed Upgrade Clock