Brookmount Exploration Inc (BMXI)

[Zardiw]

$BMXI News: MooseHorn Project Expansion (to $200M Gold):

https://www.nasdaq.com/press-release/brookmount-explorations-finalises-acquisition-of-canadian-based-gold-project-2021-10

"Existing gold reserves have been partially surveyed under 43-101 requirements, resulting in a current estimated total resource of 39,000 oz au. Brookmount intends to continue the drill program early next year, to bring the estimated resource to 100,000 oz.au. and has assembled a preliminary budget and plan to bring the project into initial production by later in the year. "

Looks like that initial estimated resource is only from a PARTIAL drilling/survey program.

They will expand that to bring the estimated resource to 100,000 oz Gold.

Remember that this project is 19 Square Miles, and with continued drilling/exploration who knows how high the resource could go.

100K x $2,000/oz = $200M.

Z