Brunswick Exploration Inc. (TSX-V: BRW;
“
BRW” or the “
Company”) is
pleased to announce that the Anatacau West maiden drill program has
been completed and that drilling has intersected multiple
spodumene-bearing pegmatites. The Anatacau West Project is located
in the Eeyou Istchee-James Bay region of Quebec near Allkem’s James
Bay Lithium Project.
Mr. Killian Charles, President and CEO of BRW,
commented: “We are pleased that we have successfully identified
significant spodumene mineralization in our maiden drilling
campaign. Several lithium pegmatite dykes were intersected that
remain open at depth and along strike to the south. While the
Anatacau West Project remains poorly explored and merits further
work this summer, we remain focused on continuing our ambitious
Canada-wide exploration campaign as we seek to delineate new
prospective lithium-bearing pegmatites. This phase of drilling at
Anatacau West is over and we now look forward to sharing more
details on our next drill campaign at the Hearst Project before the
end of the month.”
Table 1: Drill Holes with Pegmatite
Intersections Greater Than Two Meters
Note: All drill holes are NQ core size and all
intervals are core length and presented for all pegmatite intervals
greater than 2 metres. True width of intervals is not confirmed.
Geological modelling is ongoing; azimuths and dips presented are
those 'planned' and may vary off collar and downhole; intervals of
visible spodumene include minor intervals of non-pegmatite units.
Data for drill holes presented herein are based on a combination of
preliminary and detailed geological logs and therefore, is
considered to be preliminary in nature as there may be variations
from the final detailed geological log when completed.
Anatacau West Drill Campaign
Overview
A total of 3,712 metres, representing 18 drill
holes, was drilled at Anatacau West, targeting extensions of
mineralized pegmatites found on Allkem’s neighboring claims. The
drilling completed to date has successfully identified several
spodumene-bearing pegmatites, two of which have a strike length of
over 250 metres. Of the 18 drill holes, 17 drill holes intersected
spodumene mineralization. All pegmatite intersections are above 200
metres depth; significant intercepts are listed in Table 1, for
which assays are pending.
Following summer prospecting, BRW will evaluate
the appropriate next steps at Anatacau West. At this time, no
further drilling is planned as the Company wishes to fully evaluate
the potential of its extensive portfolio in Quebec across the rest
of Canada before proceeding with further drilling.
Following drilling completed to date, BRW
believes the pegmatites are oriented north-northeast, are closely
spaced in an on-echelon pattern and dip steeply towards the west.
The pegmatites are hosted in metasedimentary rocks similar to
Allkem’s James Bay Lithium Deposit. Potential exists for repetition
of new pegmatites further to the south and to the east.
Lithium mineralization in core was visually
identified and consists predominantly of spodumene with minor
lepidolite (see Figure 1,2,3). Spodumene crystals are generally
well-formed, decimetric in scale (up to 10cm) and have a white to
grey color (see Figure 3 for close-up picture of core and spodumene
crystals).
The drill program initially consisted of a set
of two fences, each spaced approximately 150 meters from each
other. Five drill holes were completed in each fence (at ~75 to 100
m spacing). Two scissor holes were also drilled to confirm the
geometry of the pegmatite dykes. Mineralization and pegmatite
widths are their strongest in the middle of each fence reaching up
to 32.9m in width with visible mineralization of Spodumene up to
20% (see Table 1 & Figure 4).
Another three holes targeted pegmatites that
were identified through satellite imagery approximately 3
kilometres to the east. Strongly altered pegmatites were
intercepted in two of the drill holes with traces of spodumene
mineralization.
Figure 1: Spodumene Intersection in Drill Hole
AW-23-01 (from 24.1 metres to 61.5 metres)
Figure 2: Spodumene Intersection in Drill Hole
AW-23-17 (from 26 metres to 68.5 metres)
Figure 3: Spodumene Mineralization from Drill
Hole AW-23-01 (at 34 metres)
Figure 4: Plan View of Drillholes
Qualified Person
The scientific and technical information
contained in this press release has been reviewed and approved by
Mr. Francois Goulet, Manager Quebec. He is a Professional Geologist
registered in Quebec.
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
Canada, a critical metal necessary to global decarbonization and
energy transition. The company is rapidly advancing the most
extensive grassroots lithium property portfolio in Canada with
holdings in Quebec, Ontario, Saskatchewan, Manitoba, New Brunswick
and Nova Scotia.
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
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.
A table accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/8ea4d20f-03f1-4d51-b951-7b22f9b3bd2e
Photos accompanying this announcement are
available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/dcfd9ad3-2d07-430a-9cc3-2bfb5434d8e2
https://www.globenewswire.com/NewsRoom/AttachmentNg/1a1544ed-1eb9-458d-b5f0-2dd3816a0719
https://www.globenewswire.com/NewsRoom/AttachmentNg/d6db23b7-7733-4171-aea9-6d83c29c2b24
https://www.globenewswire.com/NewsRoom/AttachmentNg/4c46aba9-bd86-4d03-9b30-56301333dc1b
Investor Relations/information
Mr. Killian Charles, President and CEO (info@brwexplo.ca)
Brunswick Exploration (TSXV:BRW)
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