VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 2, 2012) - Brookemont Capital Inc. ("Brookemont" or the "Company") (TSX VENTURE:BKT) (PINKSHEETS:BKTPF) wishes to announce that it has begun the Spring 2012 work program on its Handeni North Gold Prospect. This property directly borders Canaco Resources Inc.'s ("Canaco") property in the Handeni area of Tanzania. At this time a drill program is being finalized with the anticipation to commence drilling in May.
The Handeni North Gold Prospect consists of a 63.4 square kilometre gold prospect located in the Handeni Region of Tanzania. Brookemont's property borders Canaco to the North East, which reported drill intercepts of 48.6 metres of 14.81 g/t gold (December 6, 2010).
Conrad Clemiss, President of Brookemont stated, "Management remains optimistic about the Tanzania prospect and the potential impact this prospect may have on the corporate growth of Brookemont. The board eagerly anticipates starting the drill program shortly."
The Company has amended the Option Agreement entered into with Sundance Gold Ltd. on January 31, 2011, where by Sundance has agreed to amend the agreement regarding the cash payment of USD$350,000 that was due on March 21, 2012. Instead the Company is required to now make four cash payments of USD$87,500 each, on or before June 21, 2012, September 21, 2012, December 21, 2012 and March 21, 2013. The Company has fully met all of its exploration commitments under the Option Agreement and has fully paid for the first phase of the drill program which was completed.
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.
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