Brunswick Exploration Inc. (TSX-V: BRW;
“
BRW” or the “
Company”) is
pleased to provide a brief review of its inaugural 2022 grassroot
lithium exploration campaign as it prepares for a broader $6
million exploration program in 2023, focused on the Hearst area of
Ontario and the James Bay region of Quebec. Details thereof,
including two drilling programs, will be announced in early
February. The Company also wishes to announce management changes to
better accomplish its objectives.
Mr. Killian Charles, CEO & President of BRW,
commented: “The work completed in 2022 allowed us to refine our
exploration model and test our targeting system. In only a few
short months, we have identified several high-priority targets in
Quebec and Ontario. These targets will see more work throughout
2023 starting with drilling at our Hearst project in Ontario and
the recently optioned Anatacau project in James Bay, Quebec. We
have considerably more work to accomplish this year and, with the
recent closing of our brokered financing, we are prepared to launch
the largest exploration campaigns in our Company’s history. I
invite shareholders to remain attentive for a more fulsome
announcement in early February concerning our 2023 program.”
2022 Exploration Review
Ontario
Hearst
Since consolidating and optioning the project in
late Q3, a first pass ATV, truck and helicopter supported
prospecting program was conducted at the Hearst Project in Northern
Ontario over a period of five weeks. Multiple new and evolved
pegmatites of varying length and widths, up to eight kilometres
away from the Decoy showing, were discovered that have similar pXRF
field measurement values and mineralogy as the LCT
(“Lithium-Cesium-Tantalum”) Decoy pegmatite. The area is being
actively logged which will only serve to further improve access and
exposure. More prospecting, stripping and trenching are planned in
H1 2023 for these newly discovered pegmatites. A maiden program is
being prepared to drill the Decoy pegmatite and details will be
disclosed in the February update.
Quebec
Abitibi – Pontiac project
The Company prospected 14 claim blocks in the
Pontiac geological subregion of the Abitibi in 2022, covering an
equal number of large pegmatite fields. All but two projects were
hosted within the Descelles S-type granite batholith. Evolved
pegmatites were identified on several blocks but no LCT pegmatites
were uncovered. However, in Q4 2022, BRW field teams identified
several pegmatites south of Rouyn-Noranda (the Kinojevis project)
which returned pXRF field measurements typically associated with
highly evolved LCT pegmatites. These pegmatites will be
mechanically uncovered as soon as weather permits in order to
expose complete cross-sections across the dykes prior to channel
sampling and assaying.
North Shore
Prospecting in summer 2022 located a region
measuring approximately six square kilometers of highly evolved
pegmatitic sills on wholly-owned BRW claims. PXRF field measurement
values reported within the sill were similar to those commonly
observed in LCT pegmatites. This area was more closely mapped in
early Q4 2022 and, although certain indicator minerals were
identified, no lithium mineralization was uncovered. The sills are
generally gently dipping and less than 10 metres in thickness. More
regional prospecting is planned in 2023 to better explain the
highly anomalous field measurement values identified.
James Bay (Eeyou Istchee)
The Company has now secured 46 claim blocks
(over 3,100 claims) in the James Bay (Eeyou Istchee) region through
direct staking and options agreements. These blocks collectively
host over 250 outcropping, untested S-type pegmatite dykes with
strike lengths ranging from 600 to 3,600 meters. The James Bay
region will be the top priority for the 2023 exploration program in
Quebec, testing multiple pegmatite targets for LCT mineralization
and starting a drill program that tests potential extensions to
Allkem’s James Bay Lithium deposit (historically known as the Cyr
deposit) in Q1 2023.
Nova Scotia
Prospecting was conducted on the South Mountain
Batholith project in Western Nova Scotia in late Q2 2022. The
Company identified several promising areas of interest with certain
grab samples returning up to 580 ppm lithium and re-sampling of
historical diamond drill core producing up to 730 ppm lithium. In
addition, a 385-sample soil survey was conducted near the New Ross
area in central Nova Scotia to expand on elevated historical soils
and prospecting. Highlights from the survey include 96 samples with
results between 100 and 149 ppm lithium as well as a further 35
samples between 150 and 310 ppm lithium. These results were
clustered in several areas neighboring highly evolved pegmatitic
boulders potentially indicating the presence of new LCT pegmatites
in the New Ross region. The highly prospective area is spread over
a 1.8-kilometer trend and remains open to the North, South and
West. Soils were taken at 25 metres spacing on lines spaced 100
metres apart. Prospecting, soils and stripping are planned for H1
2023 centered on the highly anomalous zone.
New
Brunswick
Prospecting was conducted at the Caledonia,
Hawkshaw and Catamaran projects in early Q2 2022 over a six-week
period. BRW began focusing on the Catamaran project as grab samples
returned anomalous lithium content potentially indicating the
presence of LCT pegmatites. A limited 280 sample till program was
completed in Q3 and results were received in late Q4. 19 samples
returned anomalous lithium values between 58 ppm and 90 ppm in
tills. This program has a sample spacing of roughly 500 metres. The
grab samples, till results and pXRF field measurement values are
being evaluated for next steps.
Newfoundland
Helicopter supported prospecting took place at
the Port-Aux-Basques, Hermitage and Rencontre East projects in
early Q3 over a three-week period. Numerous pegmatites were
evaluated using pXRF field measurements and 35 samples were sent to
the lab for further analysis and confirmation. No prospective
pegmatites were identified with the pXRF, which was confirmed
following receipt of sample analyses.
Management Changes
Brunswick Exploration wishes to announce that
Killian Charles, President of BRW, has assumed the role of CEO
& President as of January 1st. He is concurrently leaving his
role of Vice President Corporate Development at Osisko Metals to
better his focus his time on BRW. He will remain at Osisko Metals
in an advisory capacity. Robert Wares, currently Chairman & CEO
of BRW, is now Executive Chairman effective January 1st.
The Company would also like to announce that Mr.
François Goulet, MSc., P. Geo., has joined the BRW team as
Exploration Manager – Quebec. Mr. Goulet holds a master's degree in
structural geology from the Université du Québec à Montréal (UQÀM).
In recent years he was President and CEO of Harfang Exploration
Inc., a gold project generator in the James Bay region. He has
extensive experience working in the James Bay region of Quebec as
well as international experience in a variety of exploration
projects. Mr. Goulet has worked for Virginia Mines Inc, Unigold
Inc, Maya Gold and Silver, the Canadian Malartic Partnership,
Glencore Canada and several other junior companies. He is a member
of the Board of Directors of l’Association de l’exploration minière
du Québec (AEMQ) and a registered geologist with the Ordre des
géologues du Québec since January 2011.
Robert Wares, Executive Chairman, stated: “These
changes will align the management team more closely with company
needs following the rapid growth of our exploration program in 2022
and the increased pace expected in 2023. We are now fully funded
for the coming year and I look forward to continuing to work
closely with Killian and the team, which now includes Mr. François
Goulet, as we launch an exciting year for Brunswick
Exploration.”
QAQC and Pegmatite Filtering
Methodology
Samples were sent to various ALS Laboratories
preparation facilities throughout Canada and were analyzed in
Vancouver, British Columbia. Whole rock samples were analyzed using
methods ME-MS89L or ME-MS81. Till and soil samples were analyzed
using methods ME-MS81 and ME-ICP82b. Details of analytical methods,
precisions and detection limits are available under the
Geochemistry Section on the ALS Laboratories website
(www.ALSglobal.com).
Pegmatites are filtered for prospectivity in the
field through direct pXRF (“portable XRF spectrometers”) outcrop
measurements on the basis of rubidium (Rb) and potassium (K) ratios
in feldspars and micas. Both elements are easily detectable by
calibrated pXRF spectrometry with a relatively high degree of
precision. Rb values in excess of 3,000ppm in feldspars and
10,000ppm in micas and K/Rb ratios below 30 in feldspars and 20 in
micas are reliable indicators of an evolved pegmatite offering
potential LCT mineralization. Multiple measurements are taken on
every pegmatite outcrop to minimize user errors. The pXRF
measurements are used in combination with observed mineralogy to
determine whether the pegmatite is prospective and merits further
work. Pegmatites with low Rb values and hence high K/Rb ratios are
rejected.
Qualified Person
For information pertaining to Quebec, the
scientific and technical information contained in this press
release has been reviewed and approved by Mr. Jeff Hussey, Director
of Brunswick Exploration. He is a Professional Geologist registered
in Quebec. Going forward, Mr. François Goulet, P. Geo., will take
over the role of Qualified Person for BRW’s Quebec projects.
For information pertaining to Ontario and
Atlantic Canada, the scientific and technical information contained
in this press release has been reviewed and approved by Mr. Charles
Kodors, Manager Atlantic Canada. He is a Professional Geologist
registered in Ontario, Nova Scotia and New Brunswick.
About Brunswick Exploration
Brunswick Exploration is a Montreal-based
mineral exploration company listed on the TSX-V under symbol BRW.
The Company is focused on grassroots exploration for lithium in
Eastern Canada, a critical metal necessary to global
decarbonization and energy transition. The company is rapidly
advancing the most extensive grassroots lithium project portfolio
in Canada with holdings in Quebec, Ontario, New Brunswick and Nova
Scotia.
Investor
Relations/information
Mr. Killian Charles, CEO & President
(info@BRWexplo.com)
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Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
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Information
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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
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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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