Brunswick Exploration Adds to Lithium Portfolio With Additional Properties in New Brunswick
March 14 2022 - 7:00AM
Brunswick Exploration Inc. (“
BRW”
or the “
Company”) is pleased to announce that it
has staked multiple claim groups in central New Brunswick, totaling
42,737 hectares. The Properties collectively comprise an expansion
to the Catamaran claims (see press release dated December 2nd)
located roughly 30 kilometers southeast of Plaster Rock and the
Hawkshaw claims located roughly 24 kilometers northwest of
Fredericton.
Mr. Killian Charles, President of BRW,
commented: “We have now compiled and acquired the most prospective
lithium and tin targets across Quebec and New Brunswick. BRW is one
of the only companies to assemble regional, grass roots critical
metals projects across multiple safe jurisdictions in Eastern
Canada. Phase 1 prospecting along with soil/stream geochemical
sampling will begin in Q2 2022. We are thrilled to have secured
such a prospective portfolio and look forward to expanding it
further in order to discover new mineral deposits that will meet
the needs of the rapidly developing green economy.”
Compilation work utilized specific geological
criteria as well as regional government till and rock geochemistry
data, which allowed the Company to highlight previously ignored
pegmatite fields with high potential for lithium mineralization
within geologically favourable areas in New Brunswick.
New Brunswick - Catamaran Lithium
Project Overview
The Properties comprise 8 claims and 1,821 units
with a total surface area of 40,363 hectares. They are located
roughly 30 kilometers south east of Plaster Rock and roughly 30
kilometers east of Florenceville-Bristol. Including previously
staked ground, the property is host to over 60 pegmatites that have
seen little to no exploration work. Till samples collected by the
Government of New Brunswick were taken at roughly 2-kilometer
spacing and are underlain by pegmatitic granites and gneissic to
migmatitic sediments from the Devonian and Ordovician. Highlights
from the survey include an 11-kilometer till anomaly containing 9
samples between 53 to 103 ppm Li, neighboring known beryllium and
pegmatite occurrences.
New Brunswick - Hawkshaw Lithium Project
Overview
The Properties comprise 1 claim and 106 units
with a total surface area of 2,374 hectares. They are located
roughly 24 kilometers north west of Fredericton. Government of New
Brunswick till samples were taken at roughly 2-kilometer spacing
and are underlain by sediments and granites from the Devonian and
Silurian. There is a Be, Mo, W occurrence in close proximity to the
property and highlights from the survey include 90 and 155 ppm Li
in till.
Qualified Person
The scientific and technical information
contained in this press release has been reviewed and approved by
Mr. Charles Kodors, Manager New Brunswick of Brunswick Exploration.
He is a Profession Geologist registered in New Brunswick, Nova
Scotia and Quebec.
About Brunswick Exploration
The Company is a Montreal-based mineral
exploration venture listed on the TSX-V under symbol BRW. The
Company is focused on grassroot exploration for metals necessary to
decarbonization and energy transition with a particular focus on
lithium, tin and copper. The company is focused on rapidly
advancing the most extensive grassroot lithium exploration claim
package in Eastern Canada.
Investor
Relations/information
Mr. Killian Charles, President
(info@BRWexplo.com).
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
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Information
This news release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation based on expectations, estimates and projections as at
the date of this news release. Forward-looking information involves
risks, uncertainties and other factors that could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Factors that could cause actual results to differ
materially from such forward-looking information include, but are
not limited to, delays in obtaining or failures to obtain required
governmental, environmental or other project approvals;
uncertainties relating to the availability and costs of financing
needed in the future; changes in equity markets; inflation;
fluctuations in commodity prices; delays in the development of
projects; the other risks involved in the mineral exploration and
development industry; and those risks set out in the Corporation’s
public documents filed on SEDAR at www.sedar.com. Although the
Corporation believes that the assumptions and factors used in
preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Corporation disclaims
any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law. Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news
release.
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