What Are the Key Highlights from Brunswick Exploration's Recent Drilling Results at the Mirage Project?

Brunswick Exploration's Landmark Success at Mirage Project in Eeyou Istchee-James Bay

Montreal, December 19, 2023 - Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF), has reported significant advancements at its Mirage Project, marking a new era in lithium exploration. The company's recent drilling results from the Eeyou Istchee-James Bay region of Quebec have extended the strike length of high-grade mineralization in the MR-4 dyke to 600 meters, showcasing impressive lithium grades and bolstering the project's potential.

Breakthrough Drilling Results at Mirage Project

Record-Breaking Grades: The highest grade intercept to date at Mirage was found in drill hole MR-23-26 with 3. 28% Li2O over 10. 6 meters at a vertical depth of 50 meters.

Additional Significant Intercepts: Other notable results include 2.

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92% Li2O over 14. 0 meters and 2. 88% Li2O over 13. 4 meters in separate drill holes, indicating consistent high-grade lithium presence.

Expansion of MR-4 Dyke

Extended Strike Length: MR-4 has been traced over 600 meters and remains open to the northeast and at depth, suggesting a larger scale of mineralization than initially anticipated.

Continued Exploration: Assays for an additional 10 drill holes completed during the fall 2023 program are still pending, promising further insights into the extent of the mineralization.

South Zone Drilling: A Focal Point of Success

Dyke MR-4 Findings: Nine out of ten holes drilled on the MR-4 dyke intersected high-grade spodumene bearing pegmatite, confirming the dyke’s potential and continuity.

Geological Insights: The dyke, dipping southeast at a moderate angle, follows a stratigraphic contact between metasediments and metabasalts, offering unique insights into the region's geology.

Future Exploration Prospects

Unexplored Areas: The presence of a thin, mineralized dyke in the metabasalt indicates that the South Zone remains open to exploration, particularly to the southwest.

Quality Assurance and Control (QAQC)

Supervised Collection: All drill core samples were collected under the supervision of BRW employees and contractors, ensuring integrity and accuracy.

Detailed Processing: The samples underwent a thorough process of logging, photographing, tagging, and splitting before sampling.

Laboratory Analysis: ALS laboratory in Val-d’Or conducted all sample preparation and analytical work, adhering to strict QA/QC protocols.

Clarification on 1Minerals Corp. Option Agreement

Share Payment Options: BRW may elect to make share payments totaling $3,000,000 based on the 15-day Volume Weighted Average Share Price, subject to a minimum share price clause.

North Shore Lithium Project Update

Shift in Focus: BRW has informed Kintavar Exploration Inc. of its decision not to exercise its option on the Baie-Johan-Beetz property, redirecting its exploration efforts towards more promising ventures like the Mirage Project.

Mr. Killian Charles’ Perspective

President and CEO’s Outlook: Killian Charles, President and CEO of BRW, expressed excitement about the contiguous high-grade mineralization at MR-4. His anticipation for the winter 2024 exploration campaign reflects confidence in expanding significant intercepts and exploring new targets.

Implications for the Lithium Market

Positioning in Global Transition: Brunswick Exploration's success at the Mirage Project aligns with the global transition to a net-zero carbon future, emphasizing the growing importance of lithium in sustainable energy solutions.

A New Chapter in Lithium Exploration

Brunswick Exploration Inc. ’s latest results from the Mirage Project signify a major advancement in lithium exploration. With the MR-4 dyke's high-grade lithium mineralization and the extension of its strike length, BRW is well-positioned to play a significant role in the lithium market. The company's strategic approach, combined with its rigorous QAQC practices and dynamic leadership, positions it as a frontrunner in meeting the demands of the evolving energy sector.

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