Business
Brookmount Gold Expands North American Interests
Brookmount Gold Expands North American Interests.
About this update from Brookmount Explorations, Inc.
[{"type":"text","content":"Brookmount Gold Corp, Expands North American Interests Reno, July 26, 2022. Brookmount Gold Corp, a Nevada incorporated company (OTC “BMXI”) is pleased to announce that it has reached agreement on the acquisition of an additional property on the Alaska USA side of the Tintina Gold Belt where the Company acquired its Moosehorn property in the Yukon (Canada) last year. Completion of this transaction will represent the first acquisition by Brookmount in the United States and signify an important milestone in the Company’s North American investment strategy.The property comprising approximately 250 HA of high grade Au resource, is situated on McArthur Creek, a significant, gold bearing water course, which is designated as Kenyon Creek in the Yukon part of Tintina, and is effectively adjacent to the Moosehorn property. The McArthur Creek property shares identical topography with Moosehorn, including surface and shallow depth gold, and has previously been successfully mined by the current owner, Errin Kimbal, who joined Brookmount’s board as Executive Director immediately following the acquisition of Moosehorn last year. The McArthur Creek property also provides direct access to the Trans Alaska highway, facilitating the movement of heavy excavation and mining equipment back and forth on both the Moosehorn and McArthur Creek properties. Consideration for the acquisition will involve the issue, to the vendor, of 1 million shares of stock, together with an agreement to reimburse $300k of development expenses incurred by the vendor on the property since 2016, from initial revenue generated from gold sales, with subsequent net revenue to be distributed on a 60/40 basis to The Company and the vendor.In announcing this transaction, Nils Ollquist CEO commented: “I am pleased to be able to confirm to our shareholders and followers that we are moving forward with our development plans for our North American operations with an initial, modest move into the US market. The McArthur Creek property is a natural fit for our Tintina expansion, with near term production potential, and will be very much an integral part of our production strategy moving forward. There are additional opportunities in Tintina and other gold areas in the US that Errin will assist us in identifying over the next 12 months as we consolidate our presence in t...