06:24:18 EDT Thu 02 May 2024
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Brunswick Exploration Inc
Symbol BRW
Shares Issued 187,976,301
Close 2023-08-28 C$ 0.97
Market Cap C$ 182,337,012
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Brunswick begins prospecting campaign in James Bay

2023-08-29 12:14 ET - News Release

Mr. Killian Charles reports

BRUNSWICK EXPLORATION ANNOUNCES START OF MAJOR PROSPECTING CAMPAIGN IN EEYOU ISTCHEE-JAMES BAY

Brunswick Exploration Inc. has begun a major helicopter-supported prospecting initiative in the Eeyou Istchee-James Bay region of Quebec. Brunswick will operate from three camps simultaneously to aggressively prospect its portfolio. Currently, Brunswick controls one of the most prospective lithium portfolios in the James Bay with over 250 pegmatite dikes, measuring over 500 metres, across 60 projects.

Killian Charles, president and chief executive officer of Brunswick, commented: "Following the rapid discovery of multiple, sizable 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

Brunswick will operate from three camps during the fall 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 under way at Mirage with teams expected to arrive at both the Wabamisk and Plex camps 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.

Brunswick's portfolio in the James Bay consists of 60 projects with more than 250 pegmatites measuring over 500 metres in strike extent. In addition, there exist hundreds of further pegmatite targets below this 500-metre threshold. Only at Plex, compilation work has identified over 200 targets to field check. All projects in the James Bay portfolio are situated within 40 kilometres from existing infrastructure with the majority of targets being less than 20 km from road or power infrastructure.

Qualified person

The scientific and technical information contained in this press release has been reviewed and approved by Francois 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 Inc.

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX Venture Exchange under the 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.

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