Brunswick Exploration Provides Project Updates
June 30 2021 - 6:00AM
Brunswick Exploration Inc. (“
BRW”
or the “
Company”) is pleased to announce that it
has received necessary permits to begin drilling at its Lac Édouard
nickel-copper-cobalt project (“
Lac Édouard”),
located 40 km northeast of the town of La Tuque, Quebec, and 125 km
northwest of Quebec City. An initial 3,000 meters program is
planned over the month of July. Drilling will target the down-dip
potential to the north of the known mineralization as well as an
elongated geophysical (EM) anomaly stretching 540 metres to the
east of the deposit.
Furthermore, Company staff have identified
mineralized float (glacial boulders) of peridotite hosting
nickel-copper sulphide mineralization located 1,900 metres
northwest of the Lac Édouard deposit as well as 3,900 metres south
of the deposit. Assays are pending and will be released when
available.
Mr. Killian Charles, President of BRW,
commented: “We are very excited about advancement of the Lac
Édouard project and the potential for discovering new high-grade
nickel-copper-cobalt sulphide mineralization. The mineralization
near the deposit is open at a shallow depth and has been undrilled
since the early 1970’s. Furthermore, the historical mineralization
was never assayed for platinum, palladium or cobalt. We are also
excited to see work advance across our portfolio of projects in New
Brunswick and Quebec with further drilling to begin later this
year.”
Additional Exploration
Updates:
New Brunswick
-
Fundy Gold (Gold-Silver-Copper): BRW’s seasoned
exploration team has been prospecting since early May both
regionally and following up on the December 2020 high grade
gold-in-soil anomalies (see news release dated March 16th);
multiple assays are pending and will be released as they are
received. A regional, 500 metres space gold-in-till program is
expected to be completed by late July. The program will allow the
Company to focus its prospecting work across key areas of
interest.
-
Bathurst Mining Camp (Zinc-Lead-Copper-Silver
VMS): The newly completed geological model along the
Brunswick Belt from Brunswick No.12 to Gilmour South has been
combined and integrated with a new model from Gilmour South to Key
Anacon, covering a total strike length of approximately 72
kilometres. Several drill targets have been identified and BRW is
planning a 1,500-2,500m drill program to test coincident
geophysical and geological anomalies that correspond to the
preferred stratigraphy that hosted the prolific Brunswick No.12 in
late summer 2021.
Quebec
-
Waconichi (Zinc-Lead-Copper-Silver VMS): an
airborne gravity gradiometry survey was recently flown across the
property. Following interpretation of the new data, the Company has
identified 5 high-priority coincident gravity and EM anomalies.
These anomalies have never been drilled and BRW plans to test the
targets in the fall of 2021.
Qualified Person
The scientific and technical information
contained in this press release has been reviewed and approved by
Mr. Robert Wares, P. Geo, CEO of Brunswick Exploration.
About Brunswick Exploration
The Company is a Montreal-based mineral
exploration venture listed on the TSX-V under symbol BRW. The
Company is now focused on exploration and development of gold and
base metal properties in Eastern Canada. Current projects include
gold-polymetallic vein systems in Southern New Brunswick (Fundy
Gold Project), the Lac Édouard nickel-copper project in Québec,
base metals VMS in the Bathurst Camp in New Brunswick and in the
Chibougamau region of Quebec (Waconichi).
Investor
Relations/Information
Mr. Killian Charles, President
(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
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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