Brookemont Capital Inc.

November 03, 2011 08:24 ET

Brookemont Capital Inc.: Anomaly Encountered on Yukon Gold Prospect

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 3, 2011) - Brookemont Capital Inc. ("Brookemont" or the "Company") (TSX VENTURE:BKT)(PINK SHEETS:BKTPF) has been notified by Equity Exploration Consultants Ltd. that the 2011 program on the Yukon Gold Prospect has encountered a "4.0 x 1.3 km multi-element anomalous area with spotty elevated Au-Ag-Cu values on the western side of the property. The general trend of the anomaly is southwest. The area does not have much previous work and more soil sampling, mapping and prospecting are warranted."

The technical information in this news release on the Yukon Gold Prospect was provided by and has been reviewed and approved for content by Henry Awmack, P.Geo., of Equity Exploration Consultants Ltd., a qualified person as defined under the terms of National Instrument 43-101.

Conrad Clemiss, President of Brookemont stated, "We are pleased to be moving forward on multiple projects. We are planning to expand our work program in the Yukon in the 2012 season and we anticipate starting our drill program in Tanzania shortly. Management is optimistic about this drill program as it appears that numerous drill targets are being defined, and based on the information provided by the geologist, the prospect appears to be providing encouraging results to date."


The site geologist on the Handeni North Gold Prospect in Tanzania stated that exploration on the property is proceeding with "very encouraging results" and he reported, "The 250 m trench across the 4.5 km arsenic soil sampling geochem anomaly, on its Tanzanian property adjacent to the north of Canaco's Magambazi Prospecting License, has located numerous quartz veins in the altered rock.

The silicified zone with numerous quartz veins is being sampled with the XRF unit as well as analysis for gold at SGS Laboratories in Mwanza. Visible arsenopyrite was observed in the amphibolites associated with the quartz vein which are also being assayed by the laboratory.

We are encouraged by the amount of arsenopyrite seen in rocks associated with the quartz veining, which is not one or two large veins but numerous small swarms of them. There appears to be an anticline fold with the axis close to the centre of the As anomaly. The relationships of these rocks to the drainages where gold flakes have been found is not clear yet, but the proximity to area with a significance presence of the arsenopyrite is very close to the relationship observed at Magambazi.

Exploration efforts are continuing, including further trenching. IP surveying and an airborne magnetic survey are being engaged to assist in refining drill targets that have been outlined by the current work program (October 6th, 2011)."

Field sampling of the drainages cutting in the vicinity of the arsenic geochem anomaly have revealed gold flakes and even a small almost 0.5 mm "nugget" present in the system. The source of the gold is local as the drainages are extremely intermittent and the sample medium was located amid angular boulders within 1 metre of the surface (July 29, 2011).

All of the content of this release in relation to the Handeni North Gold Prospect has been provided, reviewed and approved by Lawrence Stephenson, PGeo, a qualified person as defined by National Instrument 43-101.

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) mineral claim blocks in the Stewart Mining Region of British Columbia bordering Canasia Industries Corporation's Clone Prospect; (c) land in North Eastern Quebec prospective for REE's in close proximity to the Eldor REE prospect of Commerce Resources; and (d) 63 square kilometres of land in Tanzania bordering Canaco Resources.

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.

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