Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF;
“
BRW” or the “
Company”) is
pleased to announce that it has received a first set of results
from its recently completed drilling campaign at the Anatacau West
project, located in the Eeyou Istchee-James Bay region of Quebec.
The initial results presented today are from twelve holes with
another six pending. Final assays for the remaining holes are
expected in the coming weeks.
Drill result highlights
-
26.5 metres at 1.51% Li2O in drill hole
AW-23-01;
-
9.9 metres at 1.03% Li2O in drill
hole AW-23-10;
-
10.1 metres at 1.06% Li2O,
including 4.9 m at 1.63% Li2O and 12.6
metres at 1.12% Li2O in drill hole AW-23-14.
Mr. Killian Charles, President and CEO of BRW,
commented: “With the start of our pan-Canadian grassroot lithium
exploration campaign, one of the largest lithium exploration
initiatives in North America, we are excited to receive assays
confirming the presence of high-grade, near-surface and thick
lithium-bearing pegmatites from our inaugural drilling campaign at
Anatacau West. Our drilling tested the pegmatites to a shallow
depth and their remains substantial opportunities for more growth.
With minimal regional prospecting for lithium, we look forward to
continue expanding the lithium potential both at the Anatacau West
and the Anatacau Main project over the coming weeks and
months.”
Anatacau West Drilling Campaign
Overview
Following drilling completed to date, BRW
believes it has intercepted at least two continuous, distinct
spodumene-bearing pegmatites. All of 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 in an east-west deformation corridor similar
to Allkem’s neighboring James Bay Lithium Deposit.
Drilling has initially focused on near surface
mineralization with the pegmatites only being drill tested to a
maximum vertical depth of 137 meters. They remain open at depth.
Furthermore, potential exists for repetition of new pegmatites
further to the south and to the east.
Lithium mineralization consists predominantly of
spodumene with minor lepidolite. Spodumene crystals are generally
well-formed, decimetric in scale (up to 10cm) and have a white to
pale grey color. Importantly, grade is strongly correlated with
visually identified spodumene percentage in core allowing BRW to
rapidly ascertain the lithium potential of mineralized intercepts
in exploration drilling.
Next Steps
Starting next week, our exploration campaign in
Quebec will begin with regional, helicopter-supported prospecting
at the Anatacau West and Anatacau Main projects from the nearby
Wabamisk camp. Already, BRW has identified more spodumene-bearing
pegmatites at Anatacau Main, located 22 km east from Anatacau West.
These pegmatites have been minimally prospected and will be a
priority target. BRW expects to conduct follow-up on stripping
and/or drilling on several targets across both projects once it has
completed an initial wave of prospecting.
Concurrent to work at Anatacau West and Anatacau
Main, BRW will also be operating a camp at the PLEX project to the
north and a smaller fly-camp at the Mirage project located further
east from PLEX. The Company’s portfolio in the entire Eeyou
Istchee-James Bay region includes over 250 untested S-type
pegmatites measuring a minimum strike length of 500 meters (for
more information on the BRW’s regional prospecting plan for the
Eeyou Istchee-James Bay region, see NR dated May 11 2023).
Table 1: Mineralized Intercepts
from the Winter 2023 Anatacau West Drilling Campaign
Hole ID |
From (m) |
To (m) |
Interval (m) |
Li2O (%) |
AW-23-01 |
8.6 |
12.8 |
4.2 |
0.21 |
|
30.6 |
57.1 |
26.5 |
1.51 |
AW-23-02 |
29.6 |
37.2 |
7.6 |
0.69 |
AW-23-03 |
No Significant Interval |
AW-23-04 |
31.2 |
34 |
2.8 |
Assays Pending |
AW-23-05 |
59.7 |
64.3 |
4.6 |
Assays Pending |
|
93.3 |
100.9 |
7.6 |
Assays Pending |
|
178.9 |
197.1 |
18.2 |
Assays Pending |
AW-23-06 |
154.5 |
164.9 |
10.4 |
0.57 |
Incl. |
156.5 |
157.5 |
1.0 |
1.29 |
and |
161.5 |
164.1 |
2.6 |
1.55 |
AW-23-07 |
No Significant Interval |
AW-23-08 |
31.1 |
32.1 |
1.0 |
0.52 |
AW-23-09 |
No Significant Interval |
AW-23-10 |
44.7 |
47 |
2.3 |
1.09 |
|
54.2 |
57.1 |
2.9 |
0.45 |
|
63 |
72.9 |
9.9 |
1.03 |
Incl. |
66 |
70 |
4.0 |
1.30 |
AW-23-11 |
170.2 |
172.5 |
2.3 |
0.13 |
AW-23-12 |
No Significant Interval - Assays Pending |
AW-23-13 |
No Significant Interval - Assays Pending |
Note: All drill holes are NQ core size and all
intervals are core length. True width of intervals is not confirmed
but estimated to be approximately 70% of true width. Significant
intervals are assay values above 0.1% Li2O. Further analysis
revealed that mineralization in AW-23-03 was composed of cookeite,
a phyllosilicate lithium mineral and not spodumene.
Table 1 (con’t): Mineralized
Intercepts from the Winter 2023 Anatacau West Drilling Campaign
Hole ID |
From (m) |
To (m) |
Interval (m) |
Li2O (%) |
AW-23-14 |
16.9 |
17.9 |
1.0 |
1.04 |
|
117.2 |
127.3 |
10.1 |
1.06 |
Incl. |
121.1 |
126 |
4.9 |
1.63 |
|
161.6 |
174.2 |
12.6 |
1.12 |
AW-23-15 |
No Significant Interval |
AW-23-16 |
43.7 |
47.2 |
3.5 |
1.07 |
Incl. |
43.7 |
45.7 |
2.0 |
1.34 |
|
148 |
150 |
2.0 |
0.63 |
Incl. |
149 |
149.4 |
0.4 |
1.19 |
AW-23-17 |
26 |
31 |
5.0 |
Assays Pending |
|
35.7 |
68.1 |
32.9 |
Assays Pending |
|
216.6 |
221.6 |
5.0 |
Assays Pending |
|
224 |
226.5 |
2.6 |
Assays Pending |
AW-23-18 |
9 |
28.4 |
19.6 |
Assays Pending |
|
163.3 |
166.8 |
3.5 |
Assays Pending |
Note: All drill holes are NQ core size and all
intervals are core length. True width of intervals is not confirmed
but estimated to be approximately 70% of true width. Significant
intervals are assay values above 0.1% Li2O.
Figure 1: Plan Map of Drill
Holes Completed at Anatacau West
Table 2: 2023 Winter Drill Hole
Location
Quality Assurance / Quality
Control
BRW adheres to a strict QA/QC program for core
handling, sampling, sample transportation and analyses. Drill core
samples from the Company’s projects are securely transported to a
core facility on site, where they are logged and sampled over 0.5
to 1.0 meter intervals. Samples selected for assay include
insertion of quartz blanks and certified reference materials into
sample batches at a rate of approximately 10 per cent. Samples are
shipped to ALS Canada Ltd.’s preparation facility in Val-d’Or.
Pulps are analyzed at the ALS Canada Ltd. facility in Vancouver.
All samples are analyzed by sodium peroxide fusion with ICP-AES/MS
finish. Reported drill intersections use a lower analytical cut off
value of 0.1% Li2O.
Qualified Person
The scientific and technical information
contained in this press release in regards to Quebec 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.
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.
Photos accompanying this announcement are available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/0095c1ef-c37b-4c36-b380-600e4855e3eehttps://www.globenewswire.com/NewsRoom/AttachmentNg/640e966c-4b58-4c8e-97d4-6372d8ac4d76
Investor Relations/information
Mr. Killian Charles, President and CEO (info@brwexplo.ca)
Brunswick Exploration (TSXV:BRW)
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