Brunswick Exploration Drills 69.3 Meters at 1.64% Li2o at Mr-6

Brunswick Exploration Drills 69.3 Meters at 1.64% Li2o at Mr-6

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to report the final results from the Mirage winter drilling campaign. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec, approximately 40 kilometres south of the Trans-Taiga Road. The winter drill campaign focused on the Central Zone and has continued to intersect wide and well mineralized intervals within the MR-6 dyke.

Highlights include:

  • New interval at the MR-6 dyke with 1.64% Li2O over 69.3 meters in drill hole MR-24-61 and 1.17% Li2O over 28.3 meters in drill hole MR-24-50 both starting from surface .
  • New MR-9 dyke, located approximately 600 meters northeast of MR-6, with 1.07% Li2O over 14.4 meters in drill hole MR-24-45 and 2.00% Li2O over 4 meters in drill hole MR-24-51, now drill traced over 400 meters.
  • Further evidence of significant dyke stacking located 350 meters southeast of MR-6 where drill hole in MR-24-59 intersected several mineralized pegmatite dykes and all remain open in every direction.
  • Brunswick Exploration to announce its 2024 summer exploration program in the coming weeks including its program for Mirage, northern Quebec, Labrador and Greenland.

Mr. Killian Charles, President and CEO of BRW, commented: "Drilling once more confirms the scale and high-grade nature of the MR-6 dyke at surface. The dyke remains open in several direction and will be the focus of a future drilling campaign to better define its extent.

After two small drill campaigns and approximately 12,000 meters drilled, we have already identified over 9 major dykes, all near surface, within an initial 2.5km by 2.5km area. There exists significant potential to expand all of these dykes both along strike and down-dip. Our work also highlighted several new pegmatite discoveries that were previously unknown and which only have a single intercept indicating strong opportunities for continued exploration success beyond the nine major dykes.

I look forward to announcing our plans for the summer where Brunswick Exploration is, once again, expected to be one of the largest grassroot explorer globally."

Figure 1 : Surface Map of the Mirage Project and Drill Holes Completed to Date

Surface Map of the Mirage Project and Drill Holes Completed to Date

Table 1 : Highlights from 2024 Winter Drilling Program Mentioned in this Release

Hole ID Zone Dyke From To Length Li 2 O% Ta 2 O 5
(m) (m) (m) (ppm)
MR-24-45 Central MR-9 119 133.4 14.4 1.07 96
and 161 162.9 1.8 0.96 171
MR-24-47 Central 143.65 145 1.3 1.12 143
and MR-9 200 209.1 9.1 1.11 146
and 236.2 239.3 3.1 0.82 143
and 274.5 278.1 3.6 0.85 105
MR-24-50 Central MR-6 7.75 36 28.3 1.17 148
and 51 53.4 2.4 1.42 151
MR-24-51 Central MR-9 109 113 4.0 2.00 174
and 119.95 122.7 2.8 0.58 200
and 144.95 149.5 4.5 0.84 122
MR-24-52 Central MR-5 102.5 103.5 1.0 2.15 255
MR-24-59 Central 152.6 155 2.5 2.27 273
and 172 177 5.0 1.43 213
and 246.1 250.9 4.8 1.77 195
and 256.45 259.4 2.9 0.70 132
and 298.7 300.5 1.8 1.27 177
and 308.2 311.3 3.1 1.47 166
and 314.15 340.9 26.7 0.75 93
MR-24-61 Central MR-6 7.0 76.3 69.3 1.64 147
MR-24-66 Central MR-6 146 165 19.0 0.62 127
and 190.55 191 0.4 1.68 234
and 235 236 1.0 1.18 275
and 253.15 259.7 6.5 1.02 173
and 281.55 282.7 1.1 1.09 317
MR-24-67 Central 32.0 35.0 3.0 0.39 308
MR-24-69 Central MR-6 57.9 70.35 12.5 N/A 171

Mirage Project Drilling Overview

The Mirage Project comprises 427 claims located roughly 40 kilometers south of the Trans-Taiga Highway in Quebec's James Bay region and 34 kilometers northeast of Winsome Resources' Adina Project. At Mirage, a spodumene-bearing pegmatite boulder field extends over 3.0 kilometers in a northeast direction and several dozen well-mineralized pegmatite outcrops have been observed along a 2.5 kilometers-long trend further to the northeast. Both the extent of the outcrops and boulder train remain open in all directions (see August 21, 2023 press release).

The Central Zone sits on a synformal fold hinge axis, oriented east-northeast, where multiple wide high grade pegmatite dykes were intercepted by drilling, including the major dykes MR-3 and MR-6. MR-6 is interpreted to be a large, thick, sub-horizontal dyke with a higher-grade core with potential evidence of zonation to the northwest. Latest results confirm a thickening of the MR-6 dyke to the southwest in MR-24-62 where drilling intercepted 93.45 meters at 1.55% Li2O (see May 8, 2023 press release).

This new release confirmed the MR-6 dyke further 40 meters to the southwest with 1.64% Li2O over 69.3 meters, starting from surface, in drill hole MR-24-61. The dyke remains open to the northeast and to the southwest where it presents coarser and more prevalent spodumene mineralization and is thicker than other portions of the dyke. MR-6 dyke extends to the northwest for more than 400 meters with 19 meters at 0.62% Li2O intersected in drill hole MR-24-66. In this region, the MR-6 dyke appears to be more heterogenous with changing mineralogy and highly variable spodumene concentration (Figure 3).

Further to the southeast, drill hole MR-24-50 extends the MR-6 dyke 40 meters as seen in cross sections B-B' with 28.3 meters at 1.17% Li2O (Figure 4). The dyke is open to the southeast where it maintains its very shallow dip. It is believed the dyke becomes sheeted towards drill holes MR-24-31 and 32, however, further drilling will be required to confirm this interpretation.

There is potential to extend MR-6 350 meters to the west where it remains open towards the MR-3 dyke. The MR-3 dyke demonstrates significant apparent thicknesses of up to 50.6 meters at 1.06% Li2O (See December 4, 2023 press release) in core with a moderate dip of 50 degrees towards the south with true thickness estimated at 95% in all reported holes. MR-3 is oriented NE and reaches the surface where it can be traced continuously for more than 400 meters of strike with consistent thickness of 40 meters.

Drill hole MR-24-59, located 350 meters east of MR-6, shows evidence of significant dyke staking. At least seven dykes were intersected in the hole with varying thickness and spodumene concentration with the largest zone measuring 26.7 meters of semi-continuous pegmatite mineralization. This new sheeted dyke system is believed to be associated to the high grade, near surface dykes intersected in MR-24-60, located 250 meters to the northwest (See April 25, 2023 press release).

Figure 2 : Cross Sections A to A'

Cross Sections A to A'

Figure 3 : Cross Sections B to B'

Cross Sections B to B'

New dyke MR-9, located 600 meters northeast of MR-6, was significantly extended . This new dyke has now been drill traced for over 400 meters with an apparent steep dip to the south. Importantly, the latest drilling returned improved mineralized intersections including 1.07% Li2O over 14.4 meters in drill holes MR-24-45 and 2.00% Li2O over 4 meters in drill holes MR-24-51.

Figure 4 : Surface Map of the MR-6 and MR-9 Dykes Projections

Surface Map of the MR-6 and MR-9 Dykes Projections

QAQC

All drill core samples were collected under the supervision of BRW employees and contractors. The drill core was transported by helicopter and by truck from the drill platform to the core logging facility in Val-d'Or. Each core was then logged, photographed, tagged, and split by diamond saw before being sampled. All pegmatite intervals were sampled at approximately 1-meter intervals to ensure representativity. Samples were bagged; duplicated on ¼ core splits, blanks and certified reference materials for lithium were inserted every 20 samples. Samples were bagged and groups of samples were placed in larger bags, sealed with numbered tags, in order to maintain a chain of custody. The sample bags were transported from the BRW contractor facility to the ALS laboratory in Val-d'Or. All sample preparation and analytical work was performed by ALS by ICP-AES according to the ALS method ME-MS89L. All results passed the QA/QC screening at the lab and all inserted standard and blanks returned results that were within acceptable limits. All reported drill intersections are calculated based on a lower cutoff grade of 0.3% Li2O, with maximum internal dilution of 5 meters. Host basalts adjacent to the dykes may grade up to 0.3% Li2O but were excluded from the reported intersections.

Qualified Person

The scientific and technical information contained in this press release has been reviewed and approved by Mr. Simon T. Hébert, VP Development. 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 and Greenland.

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.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/0ea0d63e-8490-4e6f-bc6d-252541c5fa75

https://www.globenewswire.com/NewsRoom/AttachmentNg/59af35a9-3fbf-49ad-bc05-3291342ba941

https://www.globenewswire.com/NewsRoom/AttachmentNg/5b6e9055-2070-42c3-a948-0af7da1f89ba

https://www.globenewswire.com/NewsRoom/AttachmentNg/fe8ca4ed-0927-4de9-999a-13f93002afda


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

BRW:TCM
Brunswick Exploration

Brunswick Exploration Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Brunswick Exploration (TSXV:BRW)

Brunswick Exploration


Keep reading...Show less
Brunswick Exploration Launches Multinational Exploration Campaign

Brunswick Exploration Launches Multinational Exploration Campaign

Brunswick Exploration Inc. (" BRW " or the " Company ") is pleased to announce that it has started a helicopter-supported prospecting campaign in Quebec with additional programs in Labrador and Greenland to begin in July and August 2024, respectively. BRW plans to systematically test hundreds of new and outcropping S-type pegmatite targets across its portfolio.

Mr. Killian Charles, President and CEO of BRW, commented: "While we continue to focus our efforts into the Mirage Project, we are thrilled to start new, ambitious grassroots initiatives throughout Eastern Canada and Greenland. These initiatives are a core pillar of BRW's strategy and, as the lithium industry remains ripe for new discoveries, we will continue to leverage our exploration expertise to rapidly identify new targets and explore in sound jurisdictions."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
CORRECTION - Brunswick Exploration Drills 93.45 Meters at 1.55% Li2O at MR-6

CORRECTION - Brunswick Exploration Drills 93.45 Meters at 1.55% Li2O at MR-6

Please note that on Wednesday, May 8th, Brunswick Exploration (TSX-V: BRW, OTCQB: BRWXF) issued the incorrect version of a press release under the same headline. The corrected release follows:

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to report more significant results from the Mirage winter drilling campaign. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec approximately 40 kilometres south from the Trans-Taiga Road. The winter drill campaign focused on the Central Zone and has continued to intersect multiple wide and well mineralized intervals within the MR-6 dyke and its vicinity, where it remains open in all directions.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Brunswick Exploration Drills 93.45 Meters at 1.55% Li2O at MR-6

Brunswick Exploration Drills 93.45 Meters at 1.55% Li2O at MR-6

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to report more significant results from the Mirage winter drilling campaign. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec approximately 40 kilometres south from the Trans-Taiga Road. The winter drill campaign focused on the Central Zone and has continued to intersect multiple wide well mineralized intervals on the MR-6 dyke and its vicinity where it remains open in all directions.

Highlights include:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Brunswick Exploration Drills 58.1 Meters at 1.59% Li2O Starting From Surface at Mirage

Brunswick Exploration Drills 58.1 Meters at 1.59% Li2O Starting From Surface at Mirage

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to report the first assays from the Mirage winter drilling campaign where it drilled an additional thirty-five holes. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec approximately 40 kilometres south from the Trans-Taiga Road. The winter drill campaign focused on the Central Zone and has continued to intersect multiple wide, well mineralized intervals on the MR-6 dyke and its vicinity where it remains open in all directions.

Highlights include:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Sirios grants Brunswick right to purchase a royalty on select claims of the Mirage Property

Sirios grants Brunswick right to purchase a royalty on select claims of the Mirage Property

The directors of Sirios Resources Inc. (TSX-V: SOI; OTCQB: SIREF) ("Sirios") are pleased to announce that Sirios has signed an agreement with Brunswick Exploration Inc. ("Brunswick") granting it the right to purchase a 0.5% Net Smelter Return ("NSR") held by Sirios on 8 claims that are part of Brunswick Exploration's Mirage lithium property located in Eeyou Istchee James Bay (ref. : 29082023 Press Release ).

Under the terms of the purchase agreement, Brunswick shall:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
South Star Battery Metals Announces Land Purchase, Construction Update, and the Approval of the Definitive Mining Licenses For Phases 1, 2 & 3 for its Santa Cruz Graphite Mine in Brazil

South Star Battery Metals Announces Land Purchase, Construction Update, and the Approval of the Definitive Mining Licenses For Phases 1, 2 & 3 for its Santa Cruz Graphite Mine in Brazil

Santa Cruz Graphite Mine Highlights:

  • Final payment of land purchase for Phase 1 Plant and Operations.
  • Approval of the Definitive Mining Licenses For Phases 1, 2 & 3. All mining and environmental licenses/permits are approved and in-hand for the future phased, modular expansion of Santa Cruz graphite production up to 50,000 tonnes/year.
  • Phase 1 construction is on schedule for substantial completion by the end of June 2024 followed by a 6-week plant commissioning and ramp-up period. Commercial sales are planned to start in September 2024. Name plate production capacity is expected to be reached in Q4 2024.

South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV:STS)(OTCQB:STSBF) is pleased to announce the final payment of the previously announced (Aug. 02, 2022) land purchase required for construction of the Phase 1 mine and plant facilities. The farm totals approximately 325 hectares and is where all the plant facilities, mine and infrastructure installations are required for the first three years of operations at its Santa Cruz Graphite Project in Bahia, Brazil

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
QX Resources Ltd  Large Basin Confirmed in Drillholes at Liberty Lithium Brine

QX Resources Ltd Large Basin Confirmed in Drillholes at Liberty Lithium Brine

Perth, Australia (ABN Newswire) - QX Resources Limited (ASX:QXR) can confirm that the Liberty Lithium brine project in California, USA, is a large brine basin with numerous brine aquifers, shown in downhole sampling and geophysics in the second hole of the Company's two-hole diamond drill program (Table 1*).

- Drilling and geophysics indicate the existence of a large brine basin at Liberty Lithium Brine Project USA, with brine intersected over 400 m vertically.

o Geological similarities confirmed with the nearby Silver Peak lithium brine producer Albemarle, in Clayton Valley Nevada, with encouraging initial lithium assay results, aquifers and salinity.

- Lithium brine specialists have proposed additional drilling to intersect deep lithium brines in the centre of the basin, in a more favourable setting, further west of recent drilling.

- Discussions continue with various USA based battery supply participants who are keen to work with potential new lithium developers within the USA, including with Stardust who aim to IPO in June.

- QXR and IG Lithium Option Agreements are being amended to facilitate undertaking further drilling.

- QXR aims to provide an update soon on progress with gold exploration in Queensland.

Porous conglomerates saturated with brines were intersected beneath fine grained lake sediments with sandy layers. The geology intersected is very encouraging as it is similar to the producing sequences of Clayton Valley Nevada, where Albemarle's producing lithium brine deposit is located. Detailed downhole geophysics together with initial downhole brine sampling (packer sampling) shows increasing salinity with depth, together with large brine volumes, both encouraging for discovering a potentially economic lithium brine deposit in the properties.

Although the maximum lithium assay values were 50mg/l Li over 15 metres near the base of hole #2 (Table 2*), the salinity and conductivity increased with depth, at levels similar to known producers. Ingress of fresh water into the aquifers may explain the lower lithium values in drill holes #1 and #2 being located close to a range front fault on the edge of the basin. These initial holes were located near the edge of the basin in part for logistics and access reasons as well as the surface lithium anomaly.

Hole #2 also intersected thick porous brine horizons - critical for future success- which is considered encouraging, together with the geological similarity to Clayton Valley NV (Albemarle's Silver Peak mine). These similarities include basal porous conglomerate units containing brine beneath finer grained lake sediments.

However, the best producing horizons at Clayton Valley are tuff units within the sediment package which have not been intersected in drillholes to date, but which outcrop 4km to the southwest of hole #2 (Figure 4*).

Results were analysed by external lithium brine specialists to produce interpretations, including the globally recognised Hydrominex Geoscience Consulting. Lithium brine specialists have advised additional drilling is required to potentially intersect deep lithium brines in the centre of the basin, further west of drilling undertaken by QXR, based on lab results to date.

QXR Managing Director, Stephen Promnitz, said: "QXR has defined a new large scale brine basin, saturated with brines, at the Liberty Lithium Brine Project. A large near-surface brine field with lithium potential is rare to date in the USA. The geological setting, with conglomerates loaded with brines, is similar to Albemarle's producing deposit. We are yet to find tuff horizons similar to Clayton Valley, which are the best brine aquifers - although they do outcrop nearby, suggesting they may exist within the basin. Surface and downhole geophysics make it compelling for further drilling to the west, in the centre of the basin under deeper sediments, which may intersect higher grade lithium brine, compared to the drilling to date."

Next Steps

Applications for further drillholes were submitted some time ago. To provide operational flexibility, an amended drill program has been submitted to regulators for approval. Bulk volumes of brine will be submitted for testwork with selected direct lithium extraction (DLE) providers, as well as with lithium refiner Stardust Power Inc, with whom QXR holds at Letter of Intent (ASX announcement 29 Feb 2024). Stardust expects to list on NASDAQ in June via a c.US$490m deal and then plans to build a lithium refinery in Oklahoma.

Discussions continue with various USA based battery supply participants who are keen to work with potential new lithium developers within the USA.

QXR and IG Lithium are currently discussing amendments to the Option Agreements to facilitate the undertaking of further drilling.

Background

The Liberty Lithium Brine Project, located in SaltFire Flat, California, covers contiguous claims over 102km2 (25,300 acres), being one of the largest single lithium brine projects in the USA (Figure 1*). The Company entered an Option to Purchase Agreement and an Operating Agreement (Option Agreements) to earn a 75% interest in the large scale Liberty Lithium brine project in California, USA, from vendor IG Lithium LLC (ASX announcement 5 October 2023). Based on results received to date, the Company is currently in discussion with IG Lithium regarding potential renegotiation of the Option Agreements to allow a longer period of time to conduct additional drilling prior to any future commitments.

Two vertical diamond drill holes were completed (369m & 443 metres depth), spaced 4km apart (Figure 2, 3*).

Holes were centred over an extensive lithium brine surface anomaly and significant MT geophysical target, interpreted as a series of conductive brine bearing aquifers at depth. Brine horizons were intersected in both holes with numerous brine aquifers intersected in drillhole #2 (ASX announcement 8 Feb 2024).

QXR entered into a Letter of Intent with Stardust Power Inc., a development stage American manufacturer of battery-grade lithium products, to assess the lithium brines from the Liberty Lithium Brine Project. The parties intend to evaluate options to potentially supply Stardust Power with lithium brine products, dependent on results, on a non-exclusive basis for processing into battery-grade lithium materials for electric vehicles (ASX announcement 29 Feb 2024). The Company plans to share the results of the two hole drill program with Stardust as part of ongoing discussions.

Drillholes

Drillhole #1 (LLD23001) was completed at 369 metres depth. Target horizons were intersected at 49m depth and 329m depth. Fine grained sediments, gravels and coarse alluvial fan material were intersected down the length of the hole. An interpretation is that the drillhole went through the range front fault at 249m depth.

Drillhole #2 (LLD24002) was completed at 433 metres depth, located 4km to the south of drillhole #1. Both drillholes were centred over significant MT geophysical targets interpreted as a series of conductive brine bearing aquifers at depth. Both holes were positioned within an extensive lithium brine surface anomaly of over 10km defined in auger samples. An interpretation is that the drillhole went through the range front fault at 370m depth.

Figures 5 shows the increase in lithium and chloride concentration in brine with increasing depth. Figures 6-8* show interpretations of the possible geology on MT geophysical lines and the location of proposed drill holes.

The location of the proposed drill holes is also shown in Figure 9*.

Recommendations

Results were analysed by external lithium brine specialists to produce interpretations, including the globally recognised Hydrominex Geoscience Consulting, and others who have closely reviewed the geological setting of Albemarle's Silver Peak lithium brine producer in Clayton Valley, Nevada. Their recommendations included additional drilling further west of drilling undertaken by QXR, to potentially intersect deep lithium brines in the centre of the basin, based on lab results to date. Surface and downhole geophysics suggests that the basin is angled to the west with deeper sediments and brines to the west of recent drilling. Further, the geochemistry of the brine samples may suggest an ingress of fresh water into the aquifers, resulting in lower lithium grade in the two holes drilled to date, as the holes were drilled adjacent to a range front fault with significant fresh water inflows into the basin, along the basin edge.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/C58T0H5U



About QX Resources Ltd:

QX Resources Limited (ASX:QXR) is focused on exploration and development of battery minerals, with hard rock lithium assets in a prime location of Western Australia (WA), and gold assets in Queensland. The aim is to connect end users (battery, cathode and car makers) with QXR, an experienced explorer/developer of battery minerals, with an expanding mineral exploration project portfolio and solid financial support.

Lithium portfolio: QXR's lithium strategy is centred around WA's prolific Pilbara province, where it has acquired a controlling interest in four projects through targeted M&A - all of which sit in strategic proximity to some of Australia's largest lithium deposits and mines. Across the Pilbara, QXR's regional lithium tenement package (both granted or under application) now spans more than 350 km2.

Gold portfolio: QXR is also developing two Central Queensland gold projects - Lucky Break and Belyando - through an earn-in agreement with Zamia Resources Pty Ltd. Both gold projects are strategically located within the Drummond Basin, a region that has a >6.5moz gold endowment.

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Miguel Paucar Joins Lancaster Resources Advisory Board to Propel Corporate Growth and Sustainable Operations

Miguel Paucar Joins Lancaster Resources Advisory Board to Propel Corporate Growth and Sustainable Operations

Lancaster Resources Inc. (CSE:LCR) (OTCQB: LANRF) (FRA:6UF0) (" Lancaster "), a critical mineral exploration company, is pleased to announce the appointment of Miguel Paucar, B.Sc., M.Sc. to its Advisory Board. With over 28 years of extensive experience in the international mining sector, Miguel brings a wealth of knowledge and expertise from his work across diverse geographical regions including South Africa, Australia, Chile, Mexico, Peru, and Brazil. His career has encompassed significant roles in both underground and open-pit mining as well as geomechanics.

Miguel notably served as the Mining Director at Sigma Lithium from 2021 to 2022, where he spearheaded major advancements in lithium extraction technologies and sustainability practices. Under his leadership, the company implemented initiatives such as using 100% renewable energy and recycled water, producing "quintuple zero green" lithium with a focus on zero tailings dams and zero hazardous waste.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
CENTURY LITHIUM FILES TECHNICAL REPORT ON THE FEASIBILITY STUDY OF THE CLAYTON VALLEY LITHIUM PROJECT, NEVADA

CENTURY LITHIUM FILES TECHNICAL REPORT ON THE FEASIBILITY STUDY OF THE CLAYTON VALLEY LITHIUM PROJECT, NEVADA

Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (Century Lithium or the Company) is pleased to announce the filing of the report " NI 43-101 Technical Report on the Feasibility Study of the Clayton Valley Lithium Project, Esmeralda County, Nevada USA", with effective date April 29 2024 (Feasibility Study or Report), to support the disclosure in the Company's news release dated April 29, 2024 (see news release ). The Report was prepared in accordance with National Instrument 43-101 (NI 43-101) by Wood Canada Limited (Wood), Global Resource Engineering, Ltd. (GRE) and WSP USA Environment and Infrastructure, Inc. (WSP). All currency amounts in this news release are presented in US dollars.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
ALX Resources Corp. Receives Analytical Results from the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

ALX Resources Corp. Receives Analytical Results from the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

alx resources corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce the results of the 2024 winter drilling program and upcoming summer 2024 exploration plans at its Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan.

Gibbons Creek is the subject of an option earn-in transaction with Trinex Lithium Ltd., a wholly-owned subsidiary of Trinex Minerals Limited ("Trinex"), which is a publicly-traded mineral exploration company listed on the Australian Securities Exchange. Under the terms of a definitive agreement signed in May 2024, Trinex can earn an initial 51% interest and up to a 75% participating interest in the Project in two stages over a period of five years by making cash payments and common shares payments to ALX, and by incurring exploration expenditures at the Project (see ALX news release dated May 8, 2024).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
NextSource Materials Signs Mandate Letter for US$91 Million Debt Facility with International Finance Corporation

NextSource Materials Signs Mandate Letter for US$91 Million Debt Facility with International Finance Corporation

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) ("NextSource" or "the Company") is pleased to announce the signing of a Mandate Letter with International Finance Corporation ("IFC"), the private sector investment arm of the World Bank Group, to lead a senior debt facility totaling US$91 million (the "IFC Debt Facility") to fund an expansion of the Molo Graphite Mine (the "Molo mine") in southern Madagascar

In December 2023, the Company released the results of a Technical Feasibility Study (the "FS") that confirmed the positive economics of a large-scale expansion of the Molo mine and processing facility from its current production capacity of 17,000 tonnes per annum (tpa) to 150,000 tpa of SuperFlake® graphite concentrate. The FS estimated a capital cost of US$161.7 million (including contingency) plus working capital of US$25.2 million, resulting in a pre-tax NPV8 (using an 8% discount rate) of US$424.1 million and a pre-tax Internal Rate of Return (IRR) of 31.1%, and a NPV8 of US$370.0 and IRR of 29.0% on a post-tax basis.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Brunswick Exploration

Brunswick Exploration Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×