Brunswick Exploration Provides Update on Ontario, Manitoba and Saskatchewan Projects
August 28 2023 - 7:00AM
Brunswick
Exploration Inc. (TSX-V: BRW;
“
BRW” or the “
Company”) is
pleased to provide an update on all 2023 exploration programs that
were completed in the provinces of Ontario, Manitoba and
Saskatchewan.
Mr. Killian Charles, President and CEO of BRW,
commented: “All exploration programs were successful in rapidly
testing multiple targets by prospecting, diamond drilling and
stripping. Our teams visited the majority of the grassroot targets
despite adverse conditions caused by worsening forest fires in
Western Canada and the Northwest Territories, constraining the
extent of our work. With the recently announced discovery at our
Mirage Project and in tandem with the limited exploration success
in Central and Western Canada, we have decided to pause all
activities in Ontario, Manitoba and Saskatchewan in order to
redeploy and refocus all efforts towards our James Bay area
projects. We remind shareholders that, outside the successful
Mirage Project, we have the Anatacau Project as well as 56 other
untested grassroots properties in James Bay that all host
pegmatites. We are very excited to begin this aggressive campaign
of prospecting and exploration throughout the Eeyou Istchee-James
Bay starting next month.”
Ontario
A 565 meter, 5-hole diamond drill program was
completed in Hearst to determine the depth and strike extent of the
lithium bearing Decoy pegmatite. Two scissor holes were drilled
below the surface expression of the spodumene zone followed by by
25, 50 and 100 metre step-outs eastward and along strike. The Decoy
Spodumene zone is interpreted as being a lens pinching out at depth
with the pegmatite itself having a strike length not much larger
than its surface expression of 65 metres as confirmed by drilling.
Only Hole 23-Decoy-02 intersected the Decoy pegmatite, over 13.4
metres, but did not result in any significant lithium assays.
Located roughly 2 kilometers southwest of Decoy,
stripping at Firefly and Mantis confirmed similar pXRF results to
Decoy however no spodumene mineralization was identified. As more
logging and roads are completed, access will greatly improve along
with outcrop exposure and more prospecting can be conducted along
the 8-Kilometer evolved corridor while evaluating additional
historically mapped pegmatites and newly identified lidar targets
throughout the package.
Saskatchewan
Teams were unable to locate the historically
mapped spodumene occurrences in the Hanson Lake pegmatite field.
Most of the dykes in the region yielded poor pXRF results and were
proved to be unevolved overall. Consequently, a decision was made
to terminate the option agreements with Searchlight Resources and
Eagle Plains Resources in the Hanson Lake area.
Helicopter supported prospecting took place on
many claims throughout Saskatchewan. Unfortunately, many of the
historically mapped pegmatites turned out to be unevolved light
granites or pegmatitic granites. Nonetheless, two
lepidolite-bearing pegmatites (lithium mica) in the Reindeer Lake
and La Ronge area were discovered. The Company will evaluate its
next step for this new discovery in 2024.
Manitoba
Prospecting took place on all claims within the
Trans-Hudson and Lynn Lake regions of Manitoba. All visited
outcrops were either unevolved pegmatites, granites or pegmatitic
granites. Nothing of significance was discovered.
Shift in exploration
strategy
BRW will be putting all projects in Ontario,
Manitoba and Saskatchewan on pause and assessing the next steps
while refocusing all of our manpower and exploration efforts in the
Eeyou Istchee-James Bay for the coming months. BRW’s strategy has
been to generate and acquire targets that could be rapidly tested
and discarded if initial results were not encouraging, so that
efforts could be focused on the best assets. This efficient and
cost-effective strategy remains ongoing and has resulted in several
lithium discoveries within the James Bay Region.
Qualified Person
The scientific and technical information
contained in this press release has been reviewed and approved by
Mr. Charles Kodors, Manager Atlantic Canada. He is a Professional
Geologist registered in Saskatchewan, Manitoba, Ontario, New
Brunswick, Nova Scotia, and Newfoundland.
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.com)
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Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
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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
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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
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any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
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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.
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