Brunswick Exploration Launches 5,000 Metre Drill Program At Mirage Project, Quebec
September 07 2023 - 7:00AM
Brunswick Exploration Inc. (TSX-V: BRW, OTCQB:
BRWXF; “
BRW” or the “
Company”) is
pleased to announce that a minimum 5,000 metres drill program has
begun at the Mirage Project, located in the Eeyou Istchee-James Bay
region of Quebec. The Phase One, 26-hole program, will test
continuity and widths of the six widest spodumene-bearing pegmatite
dykes that have been discovered to date on the property (see August
21, 2023 press release) over a total cumulative strike length of
2,500 metres. Furthermore, the Company wishes to announce that
further prospecting has identified additional spodumene-bearing
outcrops approximately 4.5 kilometres northeast of the center of
the previously defined dyke field. The trend of mineralized dykes
now extends for about 6 kilometres with the boulder field extending
for an additional 2.7 kilometres to the southwest. Both the extent
of the outcrops and boulder train remain open in all directions.
Mr. Killian Charles, President and CEO of BRW,
commented: “I am greatly encouraged by the rapid expansion of the
spodumene-bearing dyke field at Mirage. This new discovery confirms
the up-ice potential and there remains substantial more prospecting
to be done on the property in the coming weeks. Drilling will start
by testing the six most significant dykes identified to date, and
we expect that the next few months will be extremely exciting for
BRW shareholders.”
Lithium-bearing outcrops now extend
across six kilometres
Several new outcrops have been identified in the
existing dyke field exhibiting similar characteristics to known
dykes in respect to mineralogy, spodumene concentration and large
crystal sizes. The main dyke field now covers an area measuring
approximately 2,700 by 850 metres. Nearly all the outcrops mapped
to date remain open in all directions with few observed contacts
with the basalt host rock.
The additional discovery of a new dyke three
kilometres to the northeast reinforces the lithium prospectivity of
Mirage. This dyke has an apparent strike length of at least 175
meters. The width of the dyke remains unknown at this time as the
exposure is limited. In addition, other spodumene-mineralized
pegmatite boulders have been found nearly 2 kilometres west of the
main boulder train suggesting additional sources exist further to
the west. In total, lithium mineralization on the Mirage Project
has been observed over a total distance of 8.7 kilometres,
inclusive of the boulder field. The latter will be the subject of
detailed prospecting in an effort to located new spodumene-bearing
outcrops further to the southwest of the main dyke field.
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.
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.
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