LOS ANGELES, June 25, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Brookmount Explorations, Inc. (“Brookmount”), a Nevada incorporated company (OTC:BMXI) announced that the Company has now completed an upgrade of its existing heapleach pad at its mining and processing facilities in Western Minahasa province. The upgrade included increasing the capacity of the pad to 5,000 tonnes from 3,500 tonnes and reinstalling plumbing for recycling runoff into larger capacity tailing ponds. The Company confirmed that it has also installed a higher capacity, more powerful pumping system which will increase the velocity of water circulation by 30%. The larger pad will accommodate up to 5,000 tonnes of ore comprising largely volcanic soil and small rocks. With the larger ore base together with higher velocity and more efficient water flow, yield from the pad per operating cycle is expected to increase significantly. The Company anticipates that the Initial cycle for the expanded leachpad will commence in mid July with results available by the end of the month.
The Board confirmed that further regular updates on operations will be made over the coming weeks including acquisition of further high quality ore properties, further drill test results, finalization of the audit and filing of a Form 10 to transition the Company to fully reporting status.
Safe Harbor Statements:
Except for the historical information contained herein, certain of the matters discussed in this communication constitute “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995. Words such as “may,” “might,” “will,” “should,” “could,” “anticipate,” “estimate,” “expect,” “predict,” “project,” “future,” “potential,” “intend,” “seek to,” “plan,” “assume,” “believe,” “target,” “forecast,” “goal,” “objective,” “continue” or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount’s common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.
For more information:
Brookmount Explorations, Inc.
Tel: 213.266.7661
bmxicorporate@gmail.com