Brunswick Exploration Discovers Greenland’s First Spodumene Pegmatite in Main Developed Pegmatite Area

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MONTREAL, Oct. 30, 2024 (GLOBE NEWSWIRE) — Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; FRANKFURT:1XQ; “BRW” or the “Firm”) is extraordinarily happy to announce that it has found a lithium-bearing pegmatite containing spodumene throughout the firm’s Nuuk License, situated roughly 90 kilometers north-east of Nuuk, the capital of Greenland (Determine 1). The newly found pegmatite outcrop is open in all instructions and is a part of a big advanced pegmatite area measuring over 20 kilometers lengthy often known as the Ivisaartoq Area, marking the primary confirmed lithium discovery within the nation.

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Mr. Killian Charles, President and CEO of BRW, commented: “We’re delighted to announce the primary arduous rock lithium discovery in Greenland. This discovery was made close to the tip of our area season after spending restricted time within the nation and leveraged Brunswick’s sturdy exploration experience. Previous to our discovery at Ivisaartoq, there have been no confirmed showings in Greenland and it demonstrates the sturdy potential for added discoveries throughout all the nation which has by no means been beforehand explored for lithium. Importantly, it represents a big alternative for the Firm as we stay first movers for lithium exploration in Greenland.”

Determine 1: Location of Greenland Spodumene Discovery

“Outcrop publicity and proximity to tidal water at Ivisaartoq and throughout our Greenland portfolio is phenomenal. The nation is among the finest mining and exploration jurisdictions globally with sturdy group and authorities help. We’re thrilled to make the primary of, hopefully, many extra discoveries in Greenland alongside our flagship Mirage challenge with the objective of figuring out lithium sources for each the North American and European provide chains.”

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Nuuk License – Ivisaartoq Discovery

The Ivisaartoq pegmatite area is a part of the bigger Nuuk License, hosted throughout the Ivisaartoq Greenstone Belt. The pattern is situated roughly 90 kilometers northeast of Nuuk, the capital of Greenland, on the Western central coast of the nation. This space of Greenland is a part of the North Atlantic Craton that extends into Nunavut and Labrador. The belt is Mesoarchean in age and comprises amphibolites, metasediments, ultramafics, genesis, gabbros, granites and pegmatites (Determine 2).

Determine 2: Geological Map of Ivisaartoq Greenstone Belt

The spodumene-bearing dyke was traced and interpreted to be roughly 400 meters with an uncovered width of roughly 5 meters containing as much as 50% centimetric inexperienced and white spodumene (Determine 3). The spodumene was confirmed by UV gentle in addition to LIBS (“Laser Induced breakdown spectroscopy”). The dyke is open in all instructions and is an element of a bigger advanced dyke area containing a number of dozen pegmatites which are metric to kilometric in scale which stay to be prospected. The Ivisaartoq belt is split in two distinct tendencies: the South pattern which is roughly three kilometers large by roughly 20 kilometers lengthy and the North pattern which is roughly 1.5 kilometers large by 20 kilometers lengthy. Work in 2024 was largely restricted to the South pattern the place the invention dyke is situated because of time constraints. Nonetheless, each the North and South pattern require far more prospecting in 2025 as the invention was made late within the marketing campaign and a whole lot of mapped and interpreted pegmatite outcrops stay untested.

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Determine 3: Spodumene in Pegmatite

First cross prospecting was carried out on all land holdings throughout the Nuuk license, with the northeastern block containing essentially the most anomalous outcomes (Determine 1). This preliminary cross recognized over 20 pegmatites, all within the Ivisaartoq pegmatite area, with mineralogy and Okay/Rb ratios, measured in potassium feldspars, which are indicative of a excessive diploma of fractionation. The advanced pegmatites are as much as 1,700 meters in strike size (Determine 4). The Firm believes there’s sturdy potential to find extra spodumene-bearing pegmatites inside these extremely advanced pegmatites.

Determine 4: Developed Pegmatites at Ivisaartoq

Because of the intensive dimension of the pegmatite area and time constraints, the crew centered on gathering as many pXRF samples as doable. With the fast exploration success in Greenland, a second part of prospecting is deliberate in 2025, as quickly as doable, to map all advanced pegmatites from the 2024 program and prospect pegmatites that weren’t visited to organize for superior exploration applications in 2025.

Paamiut License

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The Paamiut license is situated roughly 250 kilometers south of Nuuk alongside the coast, close to the group of Paamiut. A restricted, first cross prospecting marketing campaign was accomplished in September. Following preliminary work, the corporate elevated its license space to incorporate a greenstone belt measuring roughly 10 kilometers lengthy by two kilometers large that hosts an unconfirmed and unreferenced historic database spodumene displaying with a reported assay 1.23% Li2O from the early Seventies. The preliminary BRW work generated a number of pegmatite samples that had advanced Okay/Rb ratios of lower than 30 in potassium feldspars inside two dykes. The 2 advanced pegmatite dykes contained beryl and tourmaline and are roughly 170 meters lengthy by 5 meters large. Extra work is required to validate the historic displaying and the Firm is awaiting assay outcomes to plan the following steps within the area.

Jurisdiction of Greenland

Whereas a lot of Greenland is geologically contained throughout the North Atlantic Craton, it’s an autonomous nation that’s geopolitically linked to the European Union, through Denmark. The EU has adopted the bold European Inexperienced Deal and is investing substantial capital in initiatives such because the Vital Uncooked Supplies Act and Horizon Europe. This September, Nuuk hosted the primary EU-Greenland Enterprise Mission on Vital Uncooked Supplies and Renewable Power, solidifying its dedication in the direction of important minerals. Greenland has previous and present mining operations and has purposes for proposed mines in progress. The EU additionally opened an workplace in Nuuk earlier this 12 months after the November 2023 memorandum of understanding and strategic partnership with Greenland was introduced to develop sustainable uncooked minerals worth chains to help Greenland and the EU. (see https://ec.europa.eu/fee/presscorner/element/en/ip_23_6166).

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Midland Exploration and 1Minerals Possibility Agreements

Following the corporate’s 2023 and 2024 exploration campaigns on the Elrond, Mythril and Mirage initiatives, the corporate has determined to terminate the Midland Exploration settlement (See press launch dated November 10, 2022) in addition to the 1Minerals possibility settlement (See press launch dated October 06, 2023) to raised focus its efforts on its excessive precedence initiatives.

Certified Individual

The scientific and technical info associated to this press launch has been reviewed and accepted by Mr. Charles Kodors, Supervisor, Atlantic Canada. He’s a Skilled Geologist registered in New Brunswick, Nova Scotia, Newfoundland, Quebec, Ontario, Manitoba and Saskatchewan.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration firm listed on the TSX-V beneath image BRW. The Firm is concentrated on grassroots exploration for lithium, a important steel essential to world decarbonization and power transition. The corporate is quickly advancing one of many intensive grassroots lithium property portfolios in Canada and Greenland.

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Investor Relations/info

Mr. Killian Charles, President and CEO (data@BRWexplo.com)

Neither TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch

Cautionary Assertion on Ahead-Trying Info

This information launch comprises “forward-looking info” throughout the which means of relevant Canadian securities laws primarily based on expectations, estimates and projections as on the date of this information launch. Ahead-looking info includes dangers, uncertainties and different components that would trigger precise occasions, outcomes, efficiency, prospects and alternatives to vary materially from these expressed or implied by such forward-looking info. Components that would trigger precise outcomes to vary materially from such forward-looking info embody, however will not be restricted to, delays in acquiring or failures to acquire required governmental, environmental or different challenge approvals; uncertainties referring to the provision and prices of financing wanted sooner or later; adjustments in fairness markets; inflation; fluctuations in commodity costs; delays within the growth of initiatives; the opposite dangers concerned within the mineral exploration and growth trade; and people dangers set out within the Company’s public paperwork filed on SEDAR at www.sedar.com. Though the Company believes that the assumptions and components utilized in making ready the forward-looking info on this information launch are cheap, undue reliance shouldn’t be positioned on such info, which solely applies as of the date of this information launch, and no assurance may be provided that such occasions will happen within the disclosed time frames or in any respect. The Company disclaims any intention or obligation to replace or revise any forward-looking info, whether or not because of new info, future occasions or in any other case, apart from as required by legislation. Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this information launch.

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