Brunswick Exploration Intercepts 25.1 Meters Grading 1.00% Li2O From Anatacau West
July 20 2023 - 7:00AM
Brunswick Exploration Inc. (TSX-V: BRW, OTCQB:
BRWXF; “
BRW” or the “
Company”) is
pleased to announce that it has received all results from its
drilling campaign at the Anatacau West project, located in the
Eeyou Istchee-James Bay region of Quebec. The final results are
from the six remaining holes. In total, 17 out of 18 holes
intercepted pegmatites and, importantly, the pegmatites remain open
a depth and with potential for new pegmatites further south and to
the east.
Drill result highlights from this
release:
-
25.1 metres at 1.00% Li2O in drill hole AW-23-17,
including 18.1 metres at 1.37% Li2O;
-
18.2 metres at 1.31% Li2O in
drill hole AW-23-18;
-
18.2 metres at 1.33% Li2O,
including 9.5 metres at 1.74% Li2O and 3.5
metres at 2.11% Li2O in drill hole AW-23-05.
Mr. Killian Charles, President and CEO of BRW,
commented: “We are very excited to return to Anatacau West and
Anatacau Main once restrictions have been lifted. The recently
announced Anais spodumene showing underscores the regional
potential for the two projects. We believe systematic exploration
across our claims will continue to lead to new discoveries. Both
targets will be prioritized for drilling in late Q3.”
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.
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 |
31.3 |
34.0 |
2.7 |
0.92 |
Incl. |
32.3 |
33.0 |
0.7 |
1.73 |
AW-23-05 |
59.7 |
64.3 |
4.6 |
0.55 |
|
83.7 |
89.3 |
5.6 |
0.64 |
|
93.3 |
100.9 |
7.6 |
1.13 |
Incl. |
93.3 |
98.3 |
5.0 |
1.57 |
|
179.0 |
197.1 |
18.2 |
1.33 |
Incl. |
179.0 |
188.4 |
9.5 |
1.74 |
Incl. |
184.9 |
188.4 |
3.5 |
2.11 |
and |
189.9 |
195.5 |
5.6 |
1.19 |
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 |
47.0 |
2.3 |
1.09 |
|
54.2 |
57.1 |
2.9 |
0.45 |
|
63.0 |
72.9 |
9.9 |
1.03 |
Incl. |
66.0 |
70.0 |
4.0 |
1.30 |
AW-23-11 |
170.2 |
172.5 |
2.3 |
0.13 |
AW-23-12 |
No Significant Interval |
AW-23-13 |
No Significant Interval |
AW-23-14 |
16.9 |
17.9 |
1.0 |
1.04 |
|
117.2 |
127.3 |
10.1 |
1.06 |
Incl. |
121.1 |
126.0 |
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 |
|
148.0 |
150.0 |
2.0 |
0.63 |
Incl. |
149.0 |
149.4 |
0.4 |
1.19 |
AW-23-17 |
35.8 |
68.1 |
32.4 |
0.79 |
Incl. |
42.5 |
67.6 |
25.1 |
1.00 |
Incl. |
42.5 |
60.6 |
18.1 |
1.37 |
AW-23-18 |
10.2 |
28.4 |
18.2 |
1.31 |
Incl. |
15.4 |
28.4 |
13.0 |
1.41 |
and |
10.2 |
13.5 |
3.3 |
1.67 |
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
Hole ID |
TotalDepth(m) |
Azimuth(°) |
Dip(°) |
Easting |
Northing |
Elevation(m) |
AW-23-01 |
198 |
109.7 |
-45 |
361721 |
5788558 |
200 |
AW-23-02 |
198 |
109.5 |
-45 |
361891 |
5788526 |
201 |
AW-23-03 |
198 |
109.5 |
-45 |
362005 |
5788571 |
200 |
AW-23-04 |
201 |
110 |
-45 |
361717 |
5788482 |
198 |
AW-23-05 |
216 |
109.8 |
-45 |
361715 |
5788622 |
200 |
AW-23-06 |
195 |
110 |
-45 |
361712 |
5788729 |
200 |
AW-23-07 |
204 |
110.3 |
-45 |
361710 |
5788399 |
200 |
AW-23-08 |
195 |
110.9 |
-45 |
361892 |
5788456 |
200 |
AW-23-09 |
198 |
110.2 |
-45 |
361889 |
5788596 |
200 |
AW-23-10 |
195 |
110.6 |
-45 |
361890 |
5788666 |
200 |
AW-23-11 |
198 |
109.8 |
-45 |
363832 |
5788240 |
221 |
AW-23-12 |
195 |
109.7 |
-45 |
363614 |
5788543 |
205 |
AW-23-13 |
201 |
110 |
-45 |
364149 |
5788353 |
200 |
AW-23-14 |
180 |
110.1 |
-45 |
361817 |
5788666 |
200 |
AW-23-15 |
201 |
110 |
-45 |
361914 |
5788758 |
200 |
AW-23-16 |
229 |
110 |
-45 |
361812 |
5788761 |
200 |
AW-23-17 |
237 |
290 |
-45 |
361885 |
5788536 |
200 |
AW-23-18 |
252 |
290 |
-45 |
681891 |
5788600 |
200 |
Termination of Advisory Services
Agreement
The Company announces that the advisory services
agreement entered into with Red Cloud Financial Services Inc. (“Red
Cloud”) and originally announced on March 31, 2023 has been
rescinded by the parties. The upfront fee of $120,000 paid by the
Company in consideration for the services to be provided by Red
Cloud has been refunded to the Company.
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 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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/07ddec2e-0652-488c-90b0-cf72cc173a41
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