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:

  • Best interval to date at Mirage with 1.55% Li2O over 93.45 meters in drill hole MR-24-62 starting at surface and which extends the flat dipping MR-6 dyke a further 80 meters to the south-west.
  • The MR-6 dyke was also extended 135 meters to the north of MR-24-62 where BRW intersected 1.05% Li2O over 34.05 meters in drill hole MR-24-65.
  • MR-6 has now been drill traced over 220 meters of strike extent with real thickness varying from 25 meters and up to 70 meters. The dyke remains open in multiple directions with the strongest potential to the northeast and southwest.
  • New MR-8 dyke confirmed in the North zone with 1.27% Li2O over 18.6 meters in drill hole MR-24-43 and 1.42% Li2O over 11.5 meters in drill hole MR-24-55.
  • New exploration drill hole located approximately 800 meters northeast of MR-6 intersected anomalous lithium values in drill hole MR-24-53 within a zone of dykes stacking. With this hole, BRW continues to extend the central corridor of prospective dykes towards another spodumene bearing outcrop located 3.5 kilometers to the northeast.
  • A total of 26 drills holes results were received to date and 9 drills holes results style pending.

Mr. Killian Charles, President and CEO of BRW, commented: "With this latest set of results, MR-6 is rapidly becoming a top priority for Brunswick Exploration and will be the core focus of our next drill campaign. This is another very significant intercept which begins at surface and adds to the prior results which included 58 meters at 1.59% Li2O and 37 meters at 1.80% Li2O all starting from surface as well. Our understanding of the Mirage Project has grown tremendously over the last 6 months and we are extremely excited to announce our future plans for the project over the forthcoming weeks and months as we continue to see important exploration potential even outside the drill program area."

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 (m) To (m) Length (m) Li 2 O% Ta 2 O 5
(ppm)
MR-24-43 North
MR-8
9.85 28.45 18.6 1.27 81
and 83.95 86.7 2.75 0.99 101
MR-24-44B 14.4 31 16.6 0.95 81
MR-24-46 35.4 52 16.6 0.87 97
MR-24-48 43 61.5 18.5 0.80 93
MR-24-53 225 227.2 2.2 0.55 143
and 251 274 23 0.33 95
MR-24-54 North
MR-8
66.55 71.35 4.8 1.10 198
MR-24-55 67.6 79.1 11.5 1.42 166
MR-24-56 49.05 59 9.95 0.32 44
MR-24-62 Central
MR-6
6.35 99.8 93.45 1.55 160
MR-24-64 55.45 78.3 22.85 N/A 223
MR-24-65 44.4 78.45 34.05 1.05 125


Figure 2
: Central Zone of the Mirage Project

Central Zone of the Mirage Project

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 km northeast of Winsome Resources' Adina Project. On the project, 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, predominantly in MR-3 and MR-6. MR-6 is assumed to be a large, thick, sub-horizontal dyke with a higher-grade core and 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. This new hole significantly extends MR-6 to the southwest where the dyke remains open. Moreover, BRW believes there is extensive potential to expand the MR-6 dyke to the northeast where it also remains open. The higher-grade core which appears to be generally oriented southwest-northeast was extended northwest of MR-24-62 with 34.05 meters at 1.05% Li2O. The true thickness varying between 75% and 95% of intersected intervals. This core is defined by coarser and more prevalent spodumene mineralization and is thicker than other portions of the dyke. Interestingly, a fence of holes continued to intersect the MR-6 dyke up to 350 meters north of MR-24-62 where it remains open and the results still pending (see Figure 3). In this region, the MR-6 dyke appears to be more heterogenous with changing mineralization and highly variable spodumene concentration. MR-24-64 appears to be at the boundary of this new zone of the MR-6 dyke and outside of the high-grade core. Spodumene mineralization is observed in MR-24-66 indicating the possibility of economic grades outside of the core.

There is potential to extend MR-6 to the east where it remains open towards the MR-3 dyke. The MR-3 dyke, located 350 meters southeast of MR-6 in the Central Zone also demonstrates significant apparent thicknesses of up to 50.6 meters at 1.06% Li2O (See December 4, 2023 press release) with a moderate dip at around 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 with continuous thickness in excess of 40 meters.

Potential to extend Central Zone 800 meters to the east where MR-24-53 intersected the volcanic-sedimentary unit contact to test a similar geological context to the MR-4 dyke in the South Zone. The drill hole returned the result of 0.33% Li2O over 23 meters within evidence of dyke stacking. Although this new intercepted can't be related to MR-4 dyke located 2 km to the southwest, this new drillhole confirmed to potential of the lithological contact along the project and further to the northeast.

Figure 3 : Cross Sections A to A'

Cross Sections A to A'

The North Zone is located on the north limb of the folding, where a new dyke, MR-8, was extended over 250 meters with 1.27% Li2O over 18.6 meters in drill hole MR-24-43 and 1.42% Li2O over 11.5 meters in drill hole MR-24-55. The dyke remains open to the southwest and to the northeast with 0.84% Li2O over 6.5 meters in drill hole MR-24-57 (See April 25, 2024 press release). The dyke has now been drilled traced over 250 meters to date (see figure 4 and 5).

Figure 4 : Surface map project of the MR-8 dyke

Surface map project of the MR-8 dyke

Figure 5 : Cross Sections B to B'

Cross Sections B to B'

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 1m 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 meter. 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.

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/aa294aec-674f-4a4e-bccb-d053c3f7293e
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Brunswick Exploration Drills 37 Meters at 1.14% Extending the MR-3 Dyke at the Mirage Project

Brunswick Exploration Drills 37 Meters at 1.14% Extending the MR-3 Dyke at the Mirage Project

Brunswick Exploration Inc. ( TSX-V: BRW OTCQB: BRWXF ; FRANKFURT: 1XQ ; " BRW " or the " Company ") is pleased to report the last results from the Mirage summer drilling campaign. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec, approximately 40 kilometers south of the Trans-Taiga Road. This campaign focused on the Central Zone including the MR-6 and MR-3 dykes (see October 8, 2024 press release ) and has continued to intersect wide and well-mineralized intervals on their extension and at depth.

Highlights include:

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Brunswick Exploration Closes Upsized Non-Brokered Private Placement of $4.8M

Brunswick Exploration Closes Upsized Non-Brokered Private Placement of $4.8M

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; " BRW " or the " Company ") is pleased to announce the closing of its previously announced non-brokered private placement (the " Offering ") which was upsized with aggregate gross proceeds of $4,809,370.20 from the sale of the following:

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Brunswick Exploration Announces Non-Brokered Private Placement of $3M

Brunswick Exploration Announces Non-Brokered Private Placement of $3M

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Brunswick Exploration Inc. (" BRW " or the " Corporation ") is pleased to announce a non-brokered private placement (the " Offering ") to raise gross proceeds of up to $3,000,000 from the sale of the following:

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Brunswick Exploration Significantly Expands its Holdings in Greenland Following Lithium Discovery

Brunswick Exploration Significantly Expands its Holdings in Greenland Following Lithium Discovery

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; " BRW " or the " Company ") is excited to announce that, following the recent discovery of spodumene near Nuuk, Greenland, it has applied for additional licenses in the Nuuk area. The Company has also increased its holdings in new regions of Western Greenland subsequent to further compilation work including the Disko Bay and Uummannaq areas.

Mr. Killian Charles, President and CEO of BRW, commented: "With the lithium potential of Greenland newly confirmed, we have rapidly consolidated all high priority targets in western Greenland. BRW now controls one of the most significant grassroot exploration portfolios in Greenland and is the only company actively exploring for lithium in the country. Our new holdings all benefit from proximity to communities and tidal water to ensure that logistical and infrastructure needs are in place for potential future development. Between our new Ivisaartoq discovery and our expanded portfolio, we look forward to launching a major lithium exploration initiative in 2025 across Greenland as soon as possible. We are very keen to work with the Greenlandic communities, government and European Commission as we launch this exciting endeavor."

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Brunswick Exploration Discovers Greenland's First Spodumene Pegmatite in Major Evolved Pegmatite Field

Brunswick Exploration Discovers Greenland's First Spodumene Pegmatite in Major Evolved Pegmatite Field

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; " BRW " or the " Company ") is extremely pleased to announce that it has discovered a lithium-bearing pegmatite containing spodumene within the company's Nuuk License, located roughly 90 kilometers north-east of Nuuk, the capital of Greenland (Figure 1). The newly discovered pegmatite outcrop is open in all directions and is part of a significant evolved pegmatite field measuring over 20 kilometers long known as the Ivisaartoq Field, marking the first confirmed lithium discovery in the country.

Mr. Killian Charles, President and CEO of BRW, commented: "We are delighted to announce the first hard rock lithium discovery in Greenland. This discovery was made near the end of our field season after spending limited time in the country and leveraged Brunswick's strong exploration expertise. Prior to our discovery at Ivisaartoq, there were no confirmed showings in Greenland and it demonstrates the strong potential for additional discoveries across the entire country which has never been previously explored for lithium. Importantly, it represents a significant opportunity for the Company as we remain first movers for lithium exploration in Greenland."

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Altech Batteries Ltd  CERENERGY Accredited Highest Possible Green Rating

Altech Batteries Ltd CERENERGY Accredited Highest Possible Green Rating

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to advise that its CERENERGY(R) battery project has been formally assessed as the highest possible green rating category, "Dark Green", by the independent Centre of International Climate and Environmental Research (former CICERO), now owned by Standard and Poor's Global Ratings based in Oslo, Norway.

Highlights

- Highest possible green rating category of "Dark Green"

- S&P Global Ratings agency, Oslo, Norway

- CERENERGY(R) battery emissions (kgCO2/kWh) expected to be one-third of lithium-ion batteries

- Assessment on environmental benefits and risks - Shades of Green methodology

- Eligible projects can access Green Bond debt market

- One of the debt financing options for CERENERGY(R) project

Altech acknowledges this tremendous result and believes the accreditation is testament to Altech's CERENERGY(R) battery being one of, if not the greenest battery technology available today, with the lowest carbon footprint, lowest supply chain requirements and environmentally friendliest in relation to raw materials. This represents an outstanding achievement of the dedicated battery team at Altech and Fraunhofer IKTS and confirms the long-term, sustainable battery technology and business strategy of CERENERGY(R) being rated as "Corresponding to the long-term vision of a Low-Carbon Climate Resilient future" by S&P Global Ratings.

Overall Shades of Green Assessment

Based on the project category shades of green detailed below, and consideration of environmental ambitions reflected in Altech Batteries GmbH's Green Bond Framework, S&P assessed the framework as Dark Green. Eligible projects under the issuer's green bond framework are assessed based on their environmental benefits and risks, using Shades of Green methodology.

S&P assessed the project category as Dark Green, primarily reflecting the importance of battery storage in the transition of the power and industrial sectors, the contribution to the development of alternatives to lithium-ion and cobalt-free batteries, and the CERENERGY(R) battery's comparatively low expected emissions and fossil-free direct production process.

The CERENERGY(R) battery is a solid state, sodium chloride battery. While lithium-based batteries are expected to continue as the dominant battery technology going forward, sodium-based batteries are anticipated to play an increasing role, particularly in the stationary storage market. In the IEA's STEPS scenario, for example, sodium-based batteries account for around 10% of annual capacity additions by 2030. Shifts to sodium-based batteries are expected because they require no critical mineral/metal inputs such as lithium, graphite, copper or cobalt. The primary materials in the CERENERGY(R) battery are sodium, alumina, and (recycled) nickel derivatives. Nonetheless, solid state, sodium-based batteries remain an emerging technology, with less extensive academic literature into their environmental performance compared with lithium-based equivalents.

According to the framework, the CERENERGY(R) battery has expected emissions of around 14 kgCO2/kWh capacity (scope 1, 2, and 3). According to the framework, scope 1 and 2 emissions are 4.07 kgCO2/kWh capacity. According to the issuer, the capacity figure for scope 3 emissions of about 10 kgCO2/kWh derives from data provided by, and discussions with, large suppliers, transportation emissions, and conservative estimates for more minor suppliers. By way of comparison, a 2019 paper from by the IVL Swedish Environmental Research Institute found an estimated range of 61-106 kg CO2/kWh cradle-to-gate emissions for lithium-ion batteries (NMC chemistry) for vehicles, depending mainly on the electricity mix.

The entire CERENERGY(R) direct production process will be powered by renewable energy. Altech Batteries GmbH has entered a power purchase agreement for the direct provision of solar energy, complemented by on-site solar installations. The CERENERGY(R) battery uses raw materials that entail less environmental risks. The CERENERGY(R) battery is fully recoverable/recyclable. Recycling of the CERENERGY(R) battery will take place at the plant and is carried out via mechanical, rather than chemical, recycling methods, which typically entail lower emissions and energy use.

Altech Batteries GmbH foresees large demand from industry for the CERENERGY(R) battery. This could relate to the use of batteries in industrial micro grids, or to support systems in data centres, logistics centres, and hospitals. It also considers heavy industry, such as steel and chemicals as potential end users. The use of batteries in industry contributes to the transition if they support or facilitate decarbonisation and electrification efforts, rather than, for example, power-cost optimisation. The issuer furthermore foresees grid storage as a large use of the CERENERGY(R) battery, whether co-located with renewable assets or directly integrated into transmission networks. Such use of batteries is crucial for the integration of variable renewable energy sources (including for backup or peak load) and demand management, as well as for supporting grid reliability and stability, though can also be used for other purposes, for example purely for price arbitrage.

The issuer screened the CERENERGY(R) battery plant and supporting infrastructure (e.g. roads and power supply) for physical climate risks. Consideration of physical risk also extends to its supply chain, for example in its supplier risk assessments and consideration of potential disruption to supply chain logistics.

Managing Director Iggy Tan said that the positive project assessment, formally termed a "Second Party Opinion" (SPO), confirms that Altech's CERENERGY(R) project aligns to ICMA Green Bond Criteria and is of a type suitable for finance via green bonds. "The project can now be accessed by investors that participate in the green bond market, the size of which is approaching US$250 billion annually and a large portion of which is present in Europe. The CERENERGY(R) project's green shading score does not affect bond pricing, rather it provides a transparent mechanism by which green bond investors are able to categorise their investment in terms of climate risks and impacts. We are very proud of achieving this significant milestone" he said.



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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SAGA Metals Completes Petrographic Analysis at Drill Ready Double Mer Uranium Project in Labrador, Canada

SAGA Metals Completes Petrographic Analysis at Drill Ready Double Mer Uranium Project in Labrador, Canada

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the completion of an initial petrographic petrological analysis, confirming the presence of uraninite, a key uranium mineral, hosted within the pegmatites identified along the 18km trend; verified through uranium count radiometrics and surface sampling at the Double Mer Uranium project in Labrador, Canada.

Saga Metals flagship Double Mer Uranium Project – Labrador, Canada

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