Brunswick Exploration Identifies Major Spodumene-Bearing Pegmatite Boulder Field at the Mirage Project
June 14 2023 - 6:00AM
Brunswick Exploration Inc. (TSX-V: BRW, OTCQB:
BRWXF; “
BRW” or the “
Company”) is
pleased to announce that it has identified a major trend of large
spodumene-bearing pegmatite boulders over 1.7km of strike length at
the Mirage Project in the James Bay-Eeyou Istchee region of Quebec.
The Mirage Project is located approximately 105 km east of Patriot
Battery Metals’ Corvette Lithium Project and 34 km northeast of
Winsome Resources’ Adina Project.
Mr. Killian Charles, President and CEO of BRW,
commented: “With the positive identification of over twenty large
spodumene-bearing boulders, the Mirage Project is now a top
priority for the Company. The field crew is eager to return as soon
as the government-imposed fire restrictions are lifted. I am
particularly excited that prospecting rapidly uncovered such large,
well mineralized boulders with pale grey spodumene crystals as the
Project remains unexplored for lithium. BRW will immediately apply
for drill permits with the objective of drilling as rapidly as
possible in Q3 once the source(s) of the boulders has been
identified.”
The follow-up field work for
spodumene-mineralized boulders, first identified by a geologist
nearly 25 years ago (see press release dated January 24, 2023),
confirmed the presence of over twenty plurimetric spodumene-bearing
pegmatite boulders in a band over an up-ice strike length of 1.7
km. All boulders observed host well-defined, large (up to 50cm)
light grey spodumene crystals with mineralization varying between 5
and 50% of the pegmatite (see Figure 1). Boulders are sub-angular
to sub-rounded (see Figure 2). Gangue mineralization is typical of
LCT-type pegmatites and consists of coarse-grained quartz,
rubidium-rich feldspars and muscovite with minor amounts of
tourmaline and fluorite.
While the source has not yet been identified,
based on the angular shape of boulders, their large size and
abundant distribution, the source is interpreted to be close and
within the Project boundary. The largest boulder identified to date
measures over 6 metres by 6 metres by 5 metres (see Figure 3). No
exploration work for lithium has previously been conducted in the
area, and the Mirage claim group stretches up-ice for 18 km from
the boulder field.
Next Steps
The discovery was made in two field days before
government-imposed restrictions due to forest fires forced the BRW
field teams to evacuate the James Bay-Eeyou Istchee region. Once
restrictions are lifted, BRW will immediately dispatch its team to
continue to advance the project towards the drilling stage. The
full strike extent of the boulder field remains undefined with
potential for more spodumene-bearing boulders (and their source) to
the northeast. Based on these exciting results and the potential
for additional discoveries, BRW will immediately apply for drilling
permits to follow up on the forthcoming summer field work.
Figure 1: Massive Prismatic
Pale Grey Spodumene Crystal
Figure 2: Spodumene-Bearing
Pegmatite Boulders
Figure 3: Largest
Spodumene-Bearing Boulder Identified to Date
Mirage Project Overview
The Mirage Project covers wholly owned claims by
BRW, claims under option from Globex Mining Enterprise on which BRW
can earn 100% ownership and claims under option from Osisko
Development through General Partnership Osisko Baie James where BRW
can earn 90% ownership.
Corporate Update on PLEX and Anatacau
Agreement
Under the terms of an agreement between the
Company and General Partnership Osisko Baie James ("Osisko GP"),
the Company can acquire an undivided 90% interest in the Anatacau
and PLEX properties, in consideration for payments in common shares
of the Corporation and the performance of exploration work (see
news releases dated November 28, 2022, December 5, 2022 and April
25, 2023). André Le Bel, director of the Corporation, refrained
from participating in the discussions relating to the conclusion of
this agreement given his ties with Osisko Gold Royalties Ltd., a
company related to Osisko GP.
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, Exploration Manager,
Quebec. He is a Professional Geologist registered in Quebec
(OGQ).
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 projects 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
at
https://www.globenewswire.com/NewsRoom/AttachmentNg/edb5d052-51b2-402b-bde9-e61834c86339
https://www.globenewswire.com/NewsRoom/AttachmentNg/9a0c3a67-6846-4731-8c54-c3a2efb1d288
https://www.globenewswire.com/NewsRoom/AttachmentNg/be628874-f073-4528-a5a8-d71a310ff8dc
Investor Relations/information
Mr. Killian Charles, President and CEO info@brwexplo.ca
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