Brunswick Exploration Announces the Discovery Spodumene-Bearing Pegmatite at the Elrond Project
October 03 2023 - 7:00AM
Brunswick Exploration Inc. (TSX-V: BRW, OTCQB:
BRWXF; “
BRW” or the “
Company”) is
pleased to announce that, following the restart of prospecting
across its portfolio in the Eeyou-Istchee James Bay region of
Quebec, it has uncovered a new, undocumented spodumene-bearing
pegmatite at the Elrond Project. The spodumene bearing pegmatite
outcrop, known as the Arwen showing, is exposed over a surface area
measuring approximately 250 meters by 100 meters, dipping very
shallowly to the north. The pegmatite remains open in all
directions.
Mr. Killian Charles, President and CEO of BRW,
commented: “Following the exciting large-scale lithium discovery at
Mirage and building on our exploration success at Anatacau with the
Anais showing, I am very pleased that our team have made another
spodumene discovery in the James Bay which is quickly becoming one
of the prospective hard rock lithium regions in the world. Both
Anais and Arwen will be drill tested in 2024 concurrent to our
ongoing drilling campaign at Mirage.”
The Arwen Discovery
The Arwen outcrop (see Figure 1) is well
mineralized in spodumene throughout the showing with an apparent
higher-grade zone, containing up to 30% spodumene, which has a
visible extent of approximately 75 by 15 meters. The spodumene
crystals are well formed and up to 30 centimeters in length with an
off-white color and were confirmed through LIBS analysis.
Figure 1: Arwen Outcrop
The discovery is part of a larger trend of
fractionated pegmatites that include a number of beryl showings.
However no other occurrences of spodumene have been observed to
date elsewhere on the Elrond Project.
The Elrond Project is part of the Mythril Option
agreement with Midland Exploration Inc. whereby BRW can earn a
maximum of 85% interest in the project. For further details see
press release dated November 10 2022.
Mirage Drilling Update
The Company began drilling on September 11 at
the Mirage project with a single helicopter-supported drill rig. To
date, 15 holes have been drilled with current total meterage over
1,000 meters. Significant spodumene-bearing pegmatites have been
intersected in 12 holes over widths ranging up to 52.0 meters (true
thickness presently unknown). The first set of assays from the
inaugural drill campaign at Mirage are expected in the second half
of October. BRW will continue drilling as long as fall weather
permits. Further drill programs for winter 2024 are currently being
planned.
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e51a0e0a-7138-4e83-9ec1-ed3c887acc33
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