MONTREAL, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (TSX-V: BRW; “BRW” or the “Company”) is pleased to announce that it has begun a major helicopter-supported prospecting initiative in the Eeyou Istchee-James Bay (“James Bay”) region of Quebec. BRW will operate from three camps simultaneously to aggressively prospect its portfolio. Currently, BRW controls one of the most prospective lithium portfolios in the James Bay with over 250 pegmatite dykes, measuring over 500 meters, across 60 projects.
Mr. Killian Charles, President and CEO of BRW, commented: “Following the rapid discovery of multiple, sizeable spodumene-bearing outcrops at Mirage, we have begun an aggressive campaign to field check the rest of our portfolio. With the end of restrictions related to forest fires, we have redirected all our efforts to the James Bay. Work will initially focus on the Mythril, PLEX, Elrond and Anatacau projects before moving to the other across our other projects.
Start of Prospecting in Eeyou Istchee-James Bay
BRW will operate from three camps during the autumn prospecting campaign: the PLEX camp, the Wabamisk camp (near Anatacau) and the Mirage Outfitter. A minimum of three helicopters will support the initiative with up to six teams operating at any one time. Prospecting is currently underway at Mirage with teams expected to arrive at both the Wabamisk and PLEX camp in the coming days. Prospecting will continue for a minimum of six weeks or for as long as weather conditions permit it. Drilling at Mirage, planned for early September, will occur concurrent to the prospecting campaign.
BRW’s portfolio in the James Bay consist of 60 projects with more than 250 pegmatites measuring over 500 meters in strike extent. In addition, there exist hundreds of further pegmatite targets below this 500-meter threshold. Only at PLEX, compilation work has identified over 200 targets to field check. All projects in the James Bay portfolio are situated within 40km from existing infrastructure with the majority of targets being less than 20km from road or power infrastructure.
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.com)
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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.
