Brunswick Exploration Expands Lithium Portfolio in Quebec With New Properties in James Bay
June 14 2022 - 7:00AM
Brunswick Exploration Inc. (“
BRW”
or the “
Company”) is pleased to announce that it
has completed its acquisition of additional pegmatite fields in the
James Bay region of Quebec. A total of approximately 810 claims,
separated into 22 blocks and totaling 42,892 hectares, were staked
and are collectively known as the James Bay Lithium Project. All
claims are located within 45 kilometers of the James Bay road
network.
The James Bay region is prolific for its hard
rock lithium endowment, hosting numerous spodumene showings, four
deposits with defined resources (Whabouchi (Nemaska Lithium), Rose
(Critical Element), Cyr (Alkem) and Moblan (Sayona)), as well as
more recent discoveries such as Corvette (Patriot Batteries Metal).
The Company’s James Bay land package includes approximately 65
large pegmatite dykes with strike lengths between 900 and 7,000
metres, as well as dozens of smaller dykes.
This brings the Company’s inventory of large
S-type pegmatite dykes in Quebec and the Atlantic Provinces to a
total of 125, with some dyke fields in James Bay, New Brunswick and
Nova Scotia being associated with anomalous lithium in tills, grab
samples or lake bottom sediments. S-type pegmatites can potentially
form a sub-class of evolved pegmatites (LCT-type), which are the
hosts to economic lithium (spodumene) mineralization.
Reconnaissance prospecting on this multi-provincial inventory of
pegmatites has begun and will continue throughout the 2022 and 2023
field seasons.
Mr. Killian Charles, President of BRW,
commented: “Our extensive compilation work continues to highlight
new opportunities as we have now secured the largest grassroots
lithium land package in Canada. These generated targets have very
strong potential for lithium and include over 125 kilometric-scale
pegmatites. Very few companies are continuously generating
grassroots, regional scale, hard-rock lithium projects and I am
confident that our systematic approach to exploration will lead to
a significant discovery.”
Qualified Person
The scientific and technical information
contained in this press release has been reviewed and approved by
Mr. Robert Wares P.Geo, Chairman and CEO of Brunswick Exploration
Incorporated. He is a Profession Geologist registered in
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, nickel and copper. The company is focused on rapidly
advancing the most extensive grassroots lithium exploration claim
package in Eastern Canada.
Cautionary Statement on Forward-Looking
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.
Investor Relations/information
Mr. Killian Charles, President (info@BRWexplo.com)
Brunswick Exploration (TSXV:BRW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Brunswick Exploration (TSXV:BRW)
Historical Stock Chart
From Jul 2023 to Jul 2024