LOS ANGELES, March 28, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- Brookmount Explorations, Inc. (“Brookmount”), a Nevada incorporated company (BMXI, Financial) announced that The Company has reported solid progress in its gold production operations in Indonesia with production for the 6 (six) months to December 31, 2017 exceeding 1,600 oz, generating revenue for the period of approximately $2 million. Operating profit for the period was in excess of $800,000. In commenting on the result, the Board of BMXI noted significant improvements in production yields from the Company’s heap leaching extraction process at its operating facility in Northern Sulawesi province, due primarily to recent changes in key processing components including chemical mix, carbon filtration and pumping speeds.
In addition to continually working to improve its extraction yields, both from its heap leaching and floatation processing operations, The Company is actively looking to expand its operations through upgrading its processing facilities and acquiring additional high yielding gold properties in the region.
The Board also indicated that The Company is in the process of completing a US GAAP audit of its operations in Indonesia with the intention of acquiring a fully reporting status and upgrading its listing to the QB Exchange of the OTC Market.
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
[email protected]
