The Prospector News

Brunswick Expands Into Lithium Exploration With District Scale Land Package in Quebec

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Brunswick Expands Into Lithium Exploration With District Scale Land Package in Quebec

 

 

 

 

 

Brunswick Exploration Inc.  (TSX-V:BRW) is pleased to announce that it is launching a major, long-term, grassroots lithium exploration program in Quebec and the Maritime provinces, with initial staking of several prospective claim blocks throughout the Southern Abitibi region of Quebec. A total of 618 claims, separated into 12 blocks and totaling 35,440 hectares, were acquired and are collectively known as the Pontiac Lithium Project. The claims cover known pegmatite intrusions, which is the host rock to spodumene, the most common and commercially valuable hard-rock ore of lithium. All claim are located in the Pontiac geological province, south of the Cadillac-Larder Lake break, and are accessible by road from Rouyn-Noranda, Malartic or Val d’Or.

 

Mr. Killian Charles, President of BRW, commented: “This newly announced claims acquisition is the start of Brunswick Exploration’s push into grassroot exploration for critical metals such as lithium, nickel and tin, building on our recently announced tin portfolio in New Brunswick. Tin and lithium fundamentals are incredibly strong and were the best performing metals in 2021, and we do not expect demand nor spot price for these valuable commodities to drop any time soon.”

 

“Few companies are actively searching for new discoveries in the lithium space with most of the current exploration effort focused around historical deposits and showings. Leveraging our exploration expertise, we have been able to stake many areas with sound geology and favorable rock geochemistry, with no historical lithium exploration. We believe that there is excellent potential for discovery of new spodumene pegmatites in Eastern Canada, and are extremely excited to kick-off a very busy field season starting in Q2 2022. We have begun to outline multiple new, highly prospective lithium targets elsewhere in Quebec and further afield into the Maritime provinces.”

 

Lithium Market Fundamentals

 

The lithium market is rapidly growing as lithium-ion batteries, used predominantly in vehicle as well as small electronics, are creating demand that has already outstripped global supply. The sharp rise in demand is largely attributed to western governments pushing for decarbonization as they seek to transition their economies to sustainable energy sources.

 

In 2021, market consultant Adamas Intelligence estimated an increase of 89% year-over-year in electric vehicle purchases with no sign of market exhaustion. This significant demand increases in global EV has spurned massive investments from the auto industry to develop and advance the nascent market with planned investment in excess $200B in 2020 alone.

 

Importantly, the mining industry has been largely unable to meet current and expected demand. Lithium carbonate, the most common lithium battery component, has seen prices rising nearly ten-fold over the previous decade. Prices rose over 500% since 2020 and continue to trade near all-time highs.

 

Global lithium production is currently sourced from three separate deposit types:

  • Brines: Typically large-scale, continental saline deposits with low grades (less than 2000 ppm lithium). Brine lithium deposits accounts for the majority of global lithium carbonate production and resources. They are formed through the evaporation of ancient seas or existing salt-rich natural springs. The resulting salt flats are mined for the underground liquid brines. Globally, brines are concentrated in the “Lithium Triangle” of the Northern Andes located in Bolivia, Chile and Argentina. Processing lithium from brines is typically water-intensive which is a major limiting factor in the arid region. A subset of this deposit type includes lithium produced from geothermal sources with elevated lithium concentrations. This is currently a minor source of lithium globally.
  • Lithium Bearing Clays: Also large-scale and low grades (2000-6000 ppm lithium), but hosted by soft rocks (clays). This deposit type is currently the smallest source of lithium due to the need for open pit mining and more complex metallurgy. Major resource basins include Nevada with one mine currently active in North America.
  • Pegmatites: Smallest deposit type but grades are in the percentage range (usually 1-2% lithium), hence multiples higher than brines or clays. Pegmatites are mined for spodumene, a lithium-bearing mineral, from which a commercial concentrate is produced for processing. Other lithium minerals found in pegmatite, such as lithium mica (lepidolite), have little commercial value. Due to the lower levels of impurities and simple metallurgy relative to other deposit types, spodumene-bearing pegmatites were among the first sources of lithium and remain an important part of the market. The largest hard-rock lithium producer and highest grade mine in the world, the Greenbushes mine of Australia, is a lithium pegmatite. Brunswick Exploration will focus its exploration work on this deposit type.

 

Other significant lithium deposits include Rio Tinto’s Jadar deposit located in Serbia, a world-class lithium resource. The main ore mineral is known as jadarite, an unusual boron-lithium mineral. It is the only known deposit of its kind in the world and is not currently in production.

 

Qualified Person

 

The scientific and technical information contained in this press release has been reviewed and approved by Mr. Robert Wares, P. Geo, CEO and Chairman of Brunswick Exploration.

 

About Brunswick Exploration

 

The Company is a Montreal-based mineral exploration venture listed on the TSX-V. The Company is focused on grassroot exploration for metals necessary to decarbonization and energy transition with a particular focus on lithium, tin, nickel and copper. The company is focused on rapidly advancing the most extensive grassroot lithium exploration claim package in Eastern Canada.

 

Posted March 3, 2022

Share this news article

MORE or "UNCATEGORIZED"


Millennial Announces Closing Private Placement for Total Proceeds of $9,188,880

Millennial Potash Corp. (TSX-V: MLP) (OTCQB: MLPNF) (FSE: X0D) is... READ MORE

July 31, 2025

Laramide Resources Announces Closing of Upsized $12,000,000 Private Placement

Laramide Resources Ltd. (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF)  a ... READ MORE

July 31, 2025

SPC Nickel Closes $3.5 Million Rights Offering Backstopped by Dundee Corporation

SPC Nickel Corp. (TSX-V: SPC) and Dundee Corporation (TSX: DC.A) are pl... READ MORE

July 31, 2025

St. Augustine Announces Positive Results of the Kingking Copper-Gold Project Updated Preliminary Feasibility Study

NPV7% of $4.18 Billion After-tax IRR of 34.2% at $4.30/lb Copper ... READ MORE

July 31, 2025

Independence Gold Intersects 52.46 Metres Grading 2.51 g/t Gold and 19.73 g/t Silver in the Johnny Vein at the 3Ts Project, BC Independence Gold Corp. (TSX-V: IGO) is pleased to report assay results from three additional diamond drill holes completed at the Johnny Vein System at the 3Ts Project located in central British Columbia. These results further confirm the continuity and high-grade nature of the Johnny Vein System and expands the known footprint of mineralization. Located approximately 185 kilometres southwest of Prince George, British Columbia, the 3Ts Project comprises thirty-one mineral claims covering approximately 35,486 hectares in the Nechako Plateau region. The project lies 16 km southwest of Artemis Gold Inc.'s Blackwater Mine and hosts a low-sulphidation epithermal quartz-carbonate vein district within which at least nineteen known mineralized veins, ranging from 50 to over 1,100 metres in strike length and true widths of up to 32 m have been identified. Highlights from diamond drilling include: • Hole 3TS-25-31 intersected a broad zone of mineralization grading 2.51 g/t gold and 19.73 g/t silver over 52.46 metres (true width approximately 32m), including: o 2.32m grading 9.83 g/t gold and 28.02 g/t silver o 2.90m grading 7.16 g/t gold and 63.10 g/t silver o 1.14m grading 18.46 g/t gold and 33.33 g/t silver • Hole 3TS-25-29 returned 7.94 metres grading 2.65 g/t gold and 10.71 g/t silver (true width approximately 7.46m), including 1.94 metres of 7.53 g/t gold and 32.47 g/t silver. • Hole 3TS-25-30 returned 5.90 metres of 1.86 g/t gold and 17.29 g/t silver (true width approximately 5.54m), including 0.72 metres of 4.00 g/t gold and 26.39 g/t silver. "These results further validate the Johnny Vein System as a high-grade, laterally extensive target with strong potential for resource expansion," stated Randy Turner, President & CEO of Independence Gold. "We are particularly excited by the width and grade intersected in hole 3TS-25-31, which demonstrates consistent mineralization over more than 30 metres of true width and includes multiple zones of exceptional gold and silver values." The Johnny Vein System is one of several epithermal quartz-carbonate veins being explored at the 3Ts Project and appears to be comprised of several intertwining veins with mineralized breccias that produce wide zones of mineralization. The primary vein set is interpreted to have a true thickness of approximately 32 metres; however, including adjacent mineralized breccias and minor veins, the total mineralized width may extend up to 47.5 metres true width. The Johnny Vein indicates similarities in grade and continuity to the established Ted-Mint and Tommy Vein Systems, which form the foundation of the current 3Ts resource model (please see news release dated August 18th, 2022 for further details; "Technical Report on the Mineral Resource Estimate Update for the 3Ts Gold Project, Omineca Mining Division, British Columbia, Canada", authored by Armitage and Miller). The combined in-pit and underground components of Tommy and Ted-Mint vein systems contain a total inferred resource estimate of 4,469,297 tonnes grading 3.64 grams per tonne gold and 96.26 g/t silver, at a cut off grade of 0.4 g/t gold equivalent ("AuEq") in-pit and 2.0 g/t AuEq underground, containing 522,330 ounces of gold and 13,831,415 ounces of silver, totaling 678,156 AuEq ounces. Drill results from the Johnny Vein System will be incorporated in the updated NI 43-101 mineral resource anticipated to be completed in the third quarter of 2025. Drill Hole From (m) To (m) Interval (m) Gold (g/t) Silver (g/t) 3TS-25-29 4.00 6.00 2.00 1.15 9.50 and 10.00 11.80 1.80 0.61 3.89 and 20.92 21.66 0.74 2.85 9.46 and 25.66 27.53 1.87 4.09 20.32 and 33.00 38.00 5.00 1.22 2.40 and 44.06 52.00 7.94 2.65 10.71 including 44.06 46.00 1.94 7.53 32.47 3TS-25-29 63.17 63.68 0.51 1.10 13.73 and 66.00 66.70 0.70 1.71 28.57 and 71.00 74.00 3.00 0.75 15.33 and 80.68 86.58 5.90 1.86 17.29 and 88.00 91.00 3.00 0.80 2.00 and 102.70 104.88 2.18 2.03 4.13 3TS-25-31 65.05 66.50 1.45 4.68 5.52 and 67.69 68.10 0.41 6.24 4.88 and 73.54 126.00 52.46 2.51 19.73 including 79.18 81.50 2.32 9.83 28.02 and including 87.10 90.00 2.90 7.16 63.10 and including 109.36 110.50 1.14 18.46 33.33 and 155.00 156.54 1.54 1.82 5.84 Table 1: Significant Intercepts from the Johnny Vein *The true widths of the veins are average 80-95% of the reported interval width QA/QC Protocols Samples consist of saw-cut (NQ) drill core with one-half retained for reference and one-half submitted for analysis. Samples were submitted in sealed plastic bags delivered to Bandstra Transportation for shipping to SGS Natural Resources Canada (SGS) labs in Burnaby, British Columbia, for sample preparation and analysis. Robotic sample preparation is used to ensure reproducibility and samples are pulverized to greater than 85% passing 75 microns. All samples are submitted for four acid digest with an ICP finish. Gold grades are obtained by fire assay with AAS finish. Samples which return greater than 10 parts per million gold and 100 parts per million silver are resubmitted for fire assay with a gravimetric finish. Sample batches consist of core samples, control standards, blanks and duplicates. Blanks and control standards (QAQC) are inserted into each batch of samples, with one QAQC per 20 samples. QAQC samples that return values 10% outside of the expected range require samples from that internal batch to be rerun by the lab. SGS laboratories operate under a Quality Management System that complies with ISO/IEC 17025. SGS's minerals laboratory in Burnaby is accredited by the Standards Council of Canada (SCC) for specific mineral tests listed on the scope of accreditation to the ISO/IEC 17025 standard. Please see SGS Analytical Methods for further details regarding analytical procedures. About Independence Independence Gold Corp. is a well-financed mineral exploration company with holdings ranging from early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon. The Company is positioned to add shareholder value through systematic project advancement, while management continues to evaluate additional gold and silver projects for possible acquisition. For additional information, visit the Company's website www.ingold.ca. Andy Randell, P.Geo., the Company's Qualified Person as defined by National Instrument 43-101 and who is an independent consultant for the Company, has reviewed the technical information in this news release. Drill Hole Information from this release Drill Hole Easting Northing Elevation Azimuth* Dip Total Meterage 3TS-25-29 363045 5876905 1218 170 70 144 3TS-25-30 363067 5876940 1216 270 70 106 3TS-25-31 363067 5876940 1216 220 65 158 * All drill hole locations are in NAD83, Zone 10 Datum **Based on true north. For magnetic declination add 17.5 degrees

Independence Gold Corp. (TSX-V: IGO) is pleased to report assay r... READ MORE

July 31, 2025

Copyright 2025 The Prospector News