Brunswick Launches Maiden Drilling Campaign at Elrond
Brunswick Launches Maiden Drilling Campaign at Elrond
MONTREAL, Feb. 21, 2024 -- Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; “BRW” or the “Company”) is
pleased to announce that it has begun construction of a winter road for a drilling campaign at the Elrond project, located in
Eeyou Istchee-James Bay Region of Quebec. This maiden drilling campaign will begin in March and will test the Arwen
spodumene-bearing pegmatite that was discovered during prospecting last September by the BRW team. The Arwen showing
and the Elrond property have never been drilled.
The Arwen pegmatite is exposed over a surface area measuring approximately 250 meters by 100 meters, dipping shallowly to
the north. The outcrop is well mineralized and three representative grab samples returned values between 1 and 3% Li 2O. The
pegmatite remains open in all directions (see press release dated October 3 rd, 2023). Previous to drilling activities, a high-
resolution airborne magnetic survey was flown in the fall of 2023 and suggests that the Arwen showing is emplaced in a
favorable structural corridor that is 4km long and 500m wide. The target area is proximal to infrastructure, located
approximately 12km from the Billy-Diamond Highway and drilling activities will be ground supported via a winter road.
Mr. Killian Charles, President and CEO of BRW, commented: “In 2023, BRW made three significant grassroot discoveries
including Mirage (where a winter campaign is currently underway), Arwen and Anatacau Main. With the start of another drilling
campaign, BRW is aggressively advancing its portfolio and building upon its recent discoveries. I am particularly excited by the
size of the Arwen showing and this new drill program will test the extension of the discovery at depth and along-strike with the
goal to prove the potential of the Elrond project.”
Figure 1: Aerial view of the Arwen showing
About Elrond:
The Elrond Project comprises 136 claims with a total surface area of 7,048 hectares, located roughly 12 kilometers east of the
Billy Diamond Highway in Quebec’s James Bay region. The Elrond Project is part of the Mythril Option agreement with
Midland Exploration Inc. whereby BRW can earn a maximum of 85% interest in the project. For further details see press
release dated November 10 2022.
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.
Investor Relations/information
Mr. Killian Charles, President and CEO ([email protected])
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/813d8917-03bb-4ff8-8a43-9e0d8d3041bd