Brunswick Exploration Finds New Large Spodumene-Bearing Pegmatite at Anatacau Main
July 13 2023 - 7:00AM
Brunswick Exploration Inc. (TSX-V: BRW, OTCQB:
BRWXF; “
BRW” or the “
Company”) is
pleased to announce the discovery of a significant lithium
pegmatite outcrop, measuring at least 100m long by 15m large, at
the Anatacau Main Project, located in the Eeyou Istchee-James Bay
region of Quebec. The outcrop is within a larger cluster of
pegmatite dykes all of which contain high grade lithium
mineralization.
Mr. Killian Charles, President and CEO of BRW,
comments: “This exciting discovery demonstrates the clear potential
of the Anatacau Main Property which has never been systematically
explored for lithium. Both the Anatacau Main and West Projects
remain very prospective for additional pegmatite discoveries. As
exploration remains restricted due to forest fire and alongside the
recent discovery of the substantial spodumene-bearing boulder field
at Mirage, BRW is now preparing a major drilling campaign in Q3
across several assets.”
The Anais Spodumene-Bearing Pegmatite
Showing
This discovery is located 22km east of BRW’s
Anatacau West and Allkem’s James Bay Project along a large-scale
E-W deformation corridor which is host to the known lithium-bearing
pegmatite dykes in the region. This structure runs through both the
Anatacau West and Anatacau Main properties over a total of 15.5 km
(see Figure 1), all of which has never been explored for
lithium.
The showing consists of several parallel
pegmatite dykes with visible spodumene mineralization. The largest
dyke found to date is exposed over a 15m wide by 100m long outcrop
(see Figure 2). The mineralization varies between 5% and 50%
spodumene throughout the pegmatite, with quartz, feldspars and
accessory muscovite. Spodumene crystals are light grey and up to
20cm long (see Figure 3). BRW believes the pegmatite dykes are
structurally controlled, dip steeply towards the north-west with
gentle folding and stacking.
To date, BRW has collected over 19 surface grab
samples across the Anais showing all of which returned high grades
values ranging from 1.2 to 3.8% Li2O. The majority of the samples
graded above 2% Li2O, among which the highest grades (>3% Li2O)
are found within the Main dyke, in massive spodumene-rich bands.
Note that the described samples are selected samples and thus the
values reported above are not representative of the grade of
mineralized zones.
BRW will pursue exploration work on its Anatacau
West and Main Project once conditions are deemed safe. In the
interim, BRW will immediately apply for necessary permits to
support an Autumn 2023 drilling campaign.
Figure 1: Regional Total Field
Magnetic Map of the Anatacau West and Main Projects
Figure 2: Aerial Photograph of
the Anais Showing Outcrop
Figure 3: Massive Light Grey
Prismatic Spodumene Crystals
About the Anatacau Project
The Anatacau Main and the Anatacau West Projects
are under option from Osisko GP, a subsidiary of Osisko Development
whereby BRW can earn a 90% interest in the projects. For further
details, please refer to the November 28 2022 NR.
Quality Assurance / Quality
Control
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 has been reviewed and approved by
Mr. François Goulet, Manager Quebec. He is a Professional Geologist
registered in Quebec and is a Qualified Person as defined by
National Instrument 43-101.
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.
Investor
Relations/information
Mr. Killian Charles, President and CEO
(info@brwexplo.ca)
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.
Figures accompanying this announcement are
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0b5dc5cb-57eb-4758-b2bd-2d5c2459f50f
https://www.globenewswire.com/NewsRoom/AttachmentNg/775e0c15-8bf2-4136-ad0b-1757a13529cb
https://www.globenewswire.com/NewsRoom/AttachmentNg/51c6ec81-8e5e-40ae-af80-ee98ade2b135
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