Brunswick Exploration Inc. (“
BRW”
or the “
Company”) is pleased to announce that,
pursuant to its aggressive and innovative grassroot exploration
campaign which led to three new discoveries including the flagship
Mirage Project, it has expanded its portfolio of targets and
map-staked over 215 outcropping, mapped and/or interpreted,
untested S-type pegmatites, measuring between 500 and 8,800 metres
in strike length. These new targets are located in areas that have
seen minimal or no current lithium exploration in Quebec, Labrador
and, for the first time, Greenland. The newly acquired pegmatites
were identified following extensive compilation work by BRW and
most are located near existing roads, power infrastructure and/or
tidal water.
Mr. Killian Charles, President and CEO of BRW,
commented: “Over the last 24 months, we have built one of the
strongest lithium grassroot exploration strategies globally.
Concurrent to our plans to rapidly advance the Mirage project in
Quebec, where we excitedly await to release our first results next
month from the winter campaign, we will continue to leverage our
unique expertise and acquire domestic and global opportunities that
combine sound fundamentals with high-quality targets. Our
cost-effective grassroot strategy provides our shareholders maximum
exposure to this generational lithium exploration boom and we are
delighted to kick-start these initiatives in Q3 2024, with the goal
of making significant discoveries to feed both North American and
European markets.”
Quebec
James Bay
The new area of interest comprises 538 claim
units with a total surface area of 26,642 hectares, located roughly
northwest of lake Canipiscau and northeast of the Mirage Project.
The new claims contain multiple mafic belts that have a rough
strike length of 12-20 kilometers with multiple documented
pegmatites. Seven historic pegmatite outcrops are mapped on the
property with biotite and/or muscovite. This area has seen little
to no exploration for lithium.
Nunavik
The Project comprises 511 claim units with a
total surface area of 23,519 hectares and most claims are located
roughly 20-90 kilometers from the community of Kuujjuaq and are
close to tide water. Compilation work has identified a minimum of
64 mapped pegmatites that are roughly 500 to 2,900 metres in strike
length. Pegmatites were staked based on preferred geologic
environments, historical geochemistry and historical mapping.
Importantly, they have seen little to no exploration focused on
lithium even documented lithium showings exists.
Labrador
South East Labrador
The company has staked 55 licenses with a total
surface area of 7,051 hectares, located near and in between the
areas of Cartwright, Port Hope Simpson and the intersection of
highway 510 and 516, in southeast Labrador. Labrador has a very
strong mining history and currently hosts large scale mining
operations in the Wabush, Voisey’s Bay and Schefferville areas.
Numerous pegmatite occurrences contain beryl and/or tourmaline
among other indicator minerals, highlighting the potential for
evolved LCT pegmatites and lithium mineralization. To date, the
licenses cover 19 pegmatites measuring between roughly 500 and
2,000 meters in strike length.
Greenland – Pushing the Envelope for
Lithium Exploration
Having strong ties to Europe via Denmark and
recently the focus of European Union delegation which highlighted
the critical mineral potential of the autonomous country within the
Kingdon of Denmark, Greenland has outstanding outcrop exposure
(Figure 1 and 2), allowing for efficient and effective
helicopter-supported prospecting. Pegmatites were staked based on
preferred geologic environments, historical geochemistry, satellite
imagery and historical mapping. Importantly, there has been little
to no exploration for lithium in the country while having
significant potential for new discoveries and containing all key
geological grassroot indicators utilized by the BRW exploration
team. The license areas are near communities and tidal water and
there is a deep-sea port in Nuuk.
Licenses have been applied for by a third party
and are awaiting approval from the Government of Greenland.
Brunswick Exploration wishes to thank Xploration Services Greenland
A/S for their assistance in the application.
Nuuk
The Project contains one proposed mineral
exploration license, containing five blocks, with a total surface
area of 49,562 hectares, located between 10 and 90 kilometres from
the capital of Greenland, Nuuk. The Project contains 92 mapped and
interpreted pegmatites that are between 500 and 8,800 meters in
strike length. The area contains beryl and tourmaline occurrences
as well as a historic pegmatite grab sample containing up to 3,700
ppm Rb and a K/Rb ratio of 9.5 already indicating the potential for
very evolved pegmatites.
Figure 1: Significant
Outcropping Pegmatites Around Nuuk
Paamiut
The project contains one proposed mineral
exploration license, containing five blocks, with a total surface
area of 15,141 hectares, located between 20 and 70 kilometres from
the community of Paamiut. The properties contain 41 mapped and
interpreted pegmatites that are between 500 and 4,400 meters in
strike length.
Figure 2: Significant
Outcropping Pegmatites Around Paamiut
Qualified Person
The scientific and technical information related
to Quebec has been reviewed and approved by Mr. Francois Goulet,
Manager Quebec. He is a Professional Geologist registered in
Quebec.
The scientific and technical information related
to Labrador and Greenland has been reviewed and approved by Mr.
Charles Kodors, Manager Atlantic Canada. He is a Profession
Geologist registered in New Brunswick, Nova Scotia, Newfoundland,
Quebec, Ontario, Manitoba and Saskatchewan.
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, a
critical metal necessary to global decarbonization and energy
transition. The company is rapidly advancing one of the extensive
grassroots lithium property portfolios in Canada and Greenland.
Investor
Relations/information
Mr. Killian Charles, President and CEO
(info@BRWexplo.com)
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
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
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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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