Brunswick Exploration Intersects Significant Spodumene Mineralization in Dyke Swarm at Mirage

Brunswick Exploration Intersects Significant Spodumene Mineralization in Dyke Swarm at Mirage

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to announce inaugural drilling results from the Mirage Lithium Project, located in the Eeyou Istchee-James Bay region of Quebec. The initial 5,000 meters drilling campaign outlined four major spodumene-bearing pegmatite dykes where significant intervals of continuous lithium mineralization were drilled. All pegmatite dykes drilled to date start at surface, are open in all directions, and are located within an area of approximately two by two kilometers. Several other outcropping dykes and promising targets have yet to be drilled, including the sizeable boulder train to the southwest of the dyke swarm.

Highlights include:

  • Bonanza grades of 2.57% over 25.8 meters in drill hole MR-23-02, including 14.2 meters at 3.08% Li2O at a vertical depth of 28 meters from Dyke MR-1 in the North Zone.
  • Thick intercept of 50.6 m at 1.06% Li2O in drill hole MR-23-07 from Dyke MR-3 in the Central Zone at a shallow vertical depth of 22 meters.
  • Another bonanza intercept in drill hole MR-23-14: 16.2 m at 2.75% Li2O including 9.5 meters at 3.30% Li2O at a vertical depth of 40 meters in Dyke MR-4 from the South Zone.
  • To date, spodumene-bearing pegmatite dykes have been traced by drilling over a combined strike extent of at least 1,500 meters and remain open in all directions.
  • Only 60% of the pegmatite outcrops have been drilled, presenting further drill targets which will be tested in winter 2024.
  • Assays are pending for a further 23 drill holes completed during the fall 2023 program.

Mr. Killian Charles, President and CEO of BRW, commented: "We are rapidly starting to outline a major discovery in the Eeyou Istchee-James Bay. This true grassroot discovery was first identified in August with drilling beginning less than six weeks later. Already several large mineralized dykes have been intercepted in shallow drilling with significant bonanza style grade reported in this first set of assays. Importantly, these pegmatite dykes remain open in all directions. With the recently completed $5.7M financing, we are well positioned to substantially expand the discovery at Mirage with a winter 2024 drill program."

Mr. Robert Wares, Founder and Executive Chairman, also commented: "I am very pleased with these initial drill results. Mirage already demonstrates potential for a large lithium-rich dyke field with some of the highest-grade intercepts reported in Eeyou Istchee-James Bay. Furthermore, I believe the distribution of the first four mineralized dykes at Mirage does not explain the three-kilometer long trend of rich spodumene-bearing boulders that occurs to the southwest. With more outcropping spodumene-bearing dykes located another 3 kilometers to the northeast, we have considerable exploration work and drilling to do to unlock the full potential of this promising property".

Table 1 : Mineralized Intercepts from Inaugural Drilling Program at Mirage

Hole ID Zone Dyke From (m) To (m) Length (m) Li 2 O% Ta 2 O 5 (ppm)
MR-23-01 North MR-1 40.0 64.5 24.5 2.18 228
incl. MR-1 42.5 52.0 9.5 3.06 202
MR-23-02 North MR-1 8.8 34.6 25.8 2.57 239
incl. MR-1 8.8 23.0 14.2 3.08 268
MR-23-03 North MR-2 23.3 29.5 6.2 1.12 227
MR-23-04 North MR-2 27.8 30.3 2.5 0.52 141
MR-23-05 Central MR-3 5.5 45.8 40.3 0.86 87
incl. MR-3 5.5 15.5 10.0 1.48 99
Incl. MR-3 39.5 45.8 6.3 1.16 148
MR-23-06 Central MR-3 17.7 55.1 37.4 1.02 93
incl. MR-3 42.6 48.1 5.5 2.23 135
MR-23-07 Central MR-3 22.0 72.5 50.6 1.06 105
incl. MR-3 30.7 43.2 12.5 1.76 192
MR-23-08 Central MR-3A 10.6 12.7 2.1 0.33 112
MR-23-09 Central MR-3 66.0 77.3 11.3 0.89 69
MR-23-10 Central MR-3 39.4 87.2 47.8 0.99 80
incl. MR-3 39.4 52.4 13.0 1.29 81
Incl. MR-3 79.4 87.2 7.8 1.55 73
MR-23-11 Central MR-3 83.8 118.6 34.9 1.01 Assay pending
incl. MR-3 98.7 106.0 7.3 1.75
MR-23-12 Central MR-3 92.0 133.1 41.1 1.04 94
incl. MR-3 103.0 109.0 6.0 2.49 203
MR-23-14 South MR-4 46.5 62.7 16.2 2.75 98
incl. MR-4 52.5 62.0 9.5 3.30 113

Holes 13 and 15 through 36 are pending

Mirage Drilling Campaign Overview

The aim of the 2023 drilling campaign was to test at shallow depths (less than 150 meters vertical depth) the pegmatite dykes mapped from surface to determine their geometry and orientation. Thirty-six (36) diamond drill holes were completed (see Figure 1) for a total of 5,090 meters drilled to date. Thirty-three (33) of the 36 holes drilled during the 2023 campaign intercepted mineralized pegmatites.

The mineralized pegmatite dykes discovered at the Mirage Project are distributed along three major trends in a NE-SW axis, the North, Central and South Zones, within a two by two kilometers area (see Figure 1). The mineralized dykes are massive, very coarse-grained, with a mineralogy consisting of quartz, white feldspar, minor muscovite and black tourmaline, light grey spodumene and traces of beryl. The consistently decimetric spodumene mineralization often reaches up to 50% of the modal mineral content.

This inaugural drilling campaign has successfully extended the mineralized pegmatites over a combined distance of 1.5 km and demonstrates excellent continuity with several high-grade zones intersected to date. All pegmatite dykes remain open in all directions. In addition, several other outcropping spodumene-bearing pegmatites remain to be drill-tested.

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

Central Zone

The MR-3 pegmatite dyke intercepted in the Central Zone show significant apparent thicknesses of up to 50.6 meters at 1.06% Li2O (MR-23-07) with a moderate dip at around 50 degrees towards the south with true thickness estimated at 95% in all reported holes (see Figure 2). The main dyke in the Central Zone 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 and grade averaging approximately 1.00%. To date, the main dyke in the Central Zone is defined by six drill holes (MR-23-05 to 07 and MR-23-09 to 12) and remains open in all directions.

A second, unmapped dyke (MR-3A) was identified in drill hole MR-23-08, marking the first blind discovery of a pegmatite dyke at Mirage. The hole only partially intercepted the margin of the dyke and is not representative of the grade or width of the MR-3A Dyke. Drill hole MR-23-35 targeted this new dyke and assays are still pending.

Figure 2 : Cross Section Along Central Zone

Cross Section Along Central Zone

Figure 3 : Cross Section Along North Zone

Cross Section Along North Zone

North Zone

Four shallow drill holes were carried out in the North Zone (MR-23-01 to MR-23-04). All holes intercepted two spodumene bearing pegmatite dykes, MR-1 and MR-2. Two holes MR-23-01 and MR-23-02 returned bonanza grade interval: 24.5 m at 2.18% Li 2 O and 25.8 m at 2.57% Li 2 O respectfully. The MR-1 dyke likely dips to the north, and the true thickness is estimated to be 90% of the core length (see Figure 3). Both dykes remain open in all directions. Furthermore, another three spodumene-pegmatite outcrops located up to 1 km further east remain undrilled in the North Zone..

South Zone

Preliminary results from the South Zone, all from pegmatite dyke MR-4, also show significant near-surface bonanza grade mineralization. The dyke has been continuously traced by drilling over more than 750 meters with a moderate dip of 45 degrees to the south (see Figure 4). Only one drill hole from the dyke in the South Zone is reported in this news release; MR-23-14 returned 16.2 m at 2.75% Li 2 O . Similar bonanza mineralization has been observed along the entire length of the dyke and remains open in all directions.

Figure 4 : Cross Section Along South Zone

Cross Section Along South Zone

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, and ¼ core splits were inserted regularly as duplicates. Samples were bagged, and blanks and certified reference materials for lithium were inserted at regular intervals. 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 BRW contractor facility to the ALS laboratory in Val-d'Or. All sample preparation and analytical work was performed by ALS. Samples were crushed in order for 70% of the material to pass through a 2mm screen (method CRU-31), a riffle split was made of a 1,000g sub-sample (SPL-21), and the split sample pulverized (PUL-31) to obtain more than 85% of the material inferior to 75µm. A 0.2g sub-sample of the pulverized fraction was dissolved in a sodium peroxide solution, prior to lithium analysis by ICP-AES according to the ALS method ME-ICP82b. 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 on the basis of a lower cutoff grade of 0.10% Li2O, with maximum internal dilution of 1 metre. Host basalts adjacent to the dykes 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. 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 with holdings in Quebec, Ontario, Saskatchewan, Manitoba, New Brunswick and Nova Scotia.

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/2acfbf04-74f4-422d-b8d5-69b51fb1a70f

https://www.globenewswire.com/NewsRoom/AttachmentNg/adecd1db-7c2a-4a6c-8ea4-8e44d708a60b

https://www.globenewswire.com/NewsRoom/AttachmentNg/653d6c23-a814-4f16-90da-5dcde50423e3

https://www.globenewswire.com/NewsRoom/AttachmentNg/bb68356a-7672-4929-87e5-e6bd2ad268b1


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- Engineering milestones include plant layout, equipment packages, datasheets, scopes of work, and specifications

- Procurement priority one packages for quotes about 60% complete

- Early contractor engagement and strategic risk assignment

- Environmental work is progressing with no show-stoppers identified to date

- Strong engagement from Federal, Provincial and Local Government

- Becancour Lithium Refinery well aligned with Provincial strategy

- Mature local government support and project understanding

Procurement

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Due to potential lead times for electrical transformers, the tenderer list will be expanded to reduce these lead times.

Engineering

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Plant Layout

The first release of the plant layout has been published, with several features still under development. These include new plant areas such as the boiler plant and process effluent treatment. Structural framing of buildings and HVAC systems are in progress, along with civil works encompassing drainage, road pavements, vehicle paths, sedimentation ponds, and car parking. The location and number of plant switch rooms is being optimised.

Efforts are being made to enhance spodumene and residue storage, focusing on materials handling and capacity. Additionally, the routing of major pipe and cable racks is being planned. The layout on-site is being designed with consideration of likely environmental constraints to ensure compliance and sustainability. These developments aim to enhance the overall efficiency and effectiveness of the project.

Environmental Work

The team is actively involved in field inventories to develop knowledge of the biodiversity present on site. Four field campaigns have been carried-out to survey the presence of short-eared owls, breeding birds, fish and fish habitat, and wetlands. Based on preliminary results, no species at risk nor species of concern as listed under the Canadian Species at Risk Act (SARA) have been identified so far. The project team is also engaged in activities to optimize the site layout and reduce encroachment on wetlands identified on the property. Surveys are expected to be completed during the Canadian Summer. Field inventory results will be used to support environmental permitting activities and discussions with the Regulators to ensure site layout and the design of the industrial facility are developed in full compliance with the environmental regulatory framework.

A Phase I study to understand previous uses of the site is progressing and no potential environmental liability has been identified based on preliminary results. The Phase I Study is expected to be completed by the end of July. Over the coming months, the team is expected to initiate the preparation of permitting documents to ensure the Project follows formal approval lines.

Priorities

The highest priorities for the next few months include finalising the environmental permitting and approvals program, which entails completing the initial field survey, briefing with the Ministry, finalising the Phase 1 Report, and preparing the first application. Engineering work necessary for the environmental permit application is also a top priority, focusing on civil design, updated plant layout, and water management strategy. In parallel, equipment procurement will involve preliminary engineering, securing vendor proposals, and establishing schedules. Confirming the treatment of process effluent and site runoff is crucial for environmental compliance.

Additionally, commencing civil and structural engineering work is essential to maintain project momentum.

Finalising the plant layout will ensure all components are correctly positioned and integrated. Lastly, execution phase planning will be progressed, contingent on the monthly budget, to ensure that all activities are appropriately funded and scheduled for efficient project advancement.

Government and Community Engagement

A trip by key leadership members to Eastern Canada. The delegation, led by CEO Alex Hanly and including Chairman Iggy Tan, Board Directors Patrick Scallan and Dr. Jingyuan Liu, and Canadian Director, Victoria Vargas, engaged with government stakeholders, community partners, and industry peers. The meetings in Montreal, Becancour, Quebec City, and Ottawa reinforced the Company's strategy to address the Lithium Conversion Gap in North America and provided updates on our engineering progress and commercial discussions.

Ministry of Economics, Innovation, and Energy

A meeting was held in Quebec City with the Honourable Minister Pierre Fitzgibbon, Minister of Economics, Innovation, and Energy. This follows the Company's initial presentation of the Company's unique strategy in November 2023 in Dubai. Once again, Minister Fitzgibbon expressed enthusiasm for our engineering progress, the acquisition of the Option agreement within the Becancour Industrial Park, and the Hydro-Quebec application for an estimated 22.5MW energy allocation for our Becancour Lithium Refinery.

Lithium Universe emphasized Quebec's strategic benefits, including hydroelectric power, proximity to the James Bay region, and logistic advantages with port access to the transatlantic region. The Minister reiterated his support for our vision of transforming Quebec into the Centre of Lithium Conversion for the transatlantic region.

The Company is impressed with the forward-thinking provincial government of Quebec and the progress of the Strategic Innovation Zone under the pragmatic guidance of Minister Fitzgibbon.

Becancour Lithium Refinery Site

In February 2024, the Company successfully executed an option agreement to acquire a refinery site strategically located within the Becancour Waterfront Industrial Park (BWIP). The site in Becancour, close to Trois-Rivieres, lies between Montreal and Quebec City and is near major highways and railways. The Port of Becancour supports year-round operations with deep-water access. The site offers low-cost hydroelectric power, robust infrastructure, and comprehensive water and waste facilities, ideal for the proposed Lithium Refinery.

The Company once again met with key executives from the BWIP in Becancour. The meeting focused on the Company's progress in site evaluation activities and included a presentation on the process design, featuring pictures from a reference lithium carbonate refinery. The port was confirmed to have the capacity to manage 50,000-ton bulk shipments, exceeding the Company's initial requirements. The Company had the opportunity to inspect Lot 22, encompassing an area of 27-hectare, and view the proximity to infrastructure and immediate tiein to existing BWIP utilities. The SPIPB team provided an overview of planned expansions and facility upgrades to the onsite infrastructure, positioning Becancour as a leader in offering prime industrial real estate in Quebec.

The Company will be looking to commence various community initiatives to integrate the industrial site into the wider community.

Municipality of Becancour

The Company met with the Mayoress of Becancour to discuss the Company's objectives to contribute to the local economy by providing hundreds of employment opportunities and helping to realize its economic potential.

LU7 reaffirmed its commitment to the Becancour and wider Trois-Rivieres region, pledging to support various social, community, and environmental initiatives in the coming years. The Mayoress expressed enthusiasm for the Company's plans within the SPIPB, recognizing the development of a proven and reliable design with internationally aligned process outputs.

Provincial Government - Quebec

The Company also met with key delegates in Montreal from Investissement Quebec (IQ), the Ministry of Natural Resources and Forests (MRNF), Energy Transition Valley Innovation Zone, and the Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks. The provincial government has identified a lithium conversion gap within the supply chain, crucial for servicing the expected increase in spodumene supply from the James Bay region in the coming years. Quebec is a North American leader in attracting foreign direct investment, sustainable development, and supporting battery metals projects. The province has a strong history of supporting lithium battery supply chain development, with significant provincial and federal government incentives.

Recent government support includes the General Motors (GM) and Korea-based POSCO Chemicals' US$1 billion cathode active material (CAM) factory, the Ford/EcoPro BM US$800 million cathode factory, and Northvolt's US$7 billion EV Battery Facility at Saint-Basile-le-Grand. This creates a favourable regulatory environment for the Company's project, ensuring robust support throughout the cycle.

Canadian Federal Government - Ottawa

The Company met with various federal government stakeholders from Invest in Canada (IIC), Natural Resources Canada (NRCAN), Innovation, Science and Economic Development (ISED), and Export Development Canada (EDC). Given the lack of refining capacity in Canada, LU7's lithium carbonate plant is an innovative project, as there are no current operating or planned facilities of this kind within the country. Building lithium conversion capacity alongside spodumene mines will enable Canada to become wholly self-sufficient in the lithium chemical supply chain.

Hatch - Montreal

The Company and its engineering partner, Hatch, held a productive meeting at the Montreal office to align their shared culture and fast-track development vision. They reinforced the philosophy of "same process, same equipment, same supplier," which minimizes technical risks, ensures quality, and reduces costs. The operational environments in Australia and Canada share many similarities, facilitating the integration of skills into Quebec.

Hatch's leadership in building lithium conversion facilities and tackling challenging projects validates the decision to partner with them. Through this collaboration, the Company acknowledges Hatch's expertise as the premier lithium refinery engineering expert.

Lithium Universe Chairman, Iggy Tan said, "The project is on track, finalizing plant layout, issuing capex specs, progressing supplier quotes, with smooth office transition, and no environmental issues, ensuring readiness for capex cost estimate. The reception from federal, provincial and local government delegates has left a very positive impression on the LU7 Board of Directors. The region has made strong commitments since releasing the Critical Minerals Strategies four years ago and we have seen that in the significant investments made within the battery supply chain and pragmatic discussions held with key government executives. We look forward to advancing the Company's Becancour Lithium Refinery to contribute in making Quebec the lithium conversion centre within the Transatlantic region."

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/82C8D877



About Lithium Universe Ltd:

Lithium Universe Ltd (ASX:LU7) (OTCMKTS:ESMAF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.



Source:
Lithium Universe Ltd

News Provided by ABN Newswire via QuoteMedia

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