Brunswick Exploration Provides Prospecting Update for the Fundy Gold Project
25 Août 2021 - 1:49PM
Brunswick Exploration Inc. (“
BRW”
or the “
Company”) is pleased to announce initial
results from summer prospecting at its Fundy gold-copper-silver
project near Saint John, southern New Brunswick. First-pass
prospecting has focused on road cuts, clear cuts, streams and
bedrock exposures along highways, secondary roads and in quarries.
Work has been limited to the southern claims (see Map), and areas
prospected to date represent less than 10 percent of the property
surface area.
Some samples are categorized as float (*) as
they are from stockpiles or large angular blast rock found within
or very near quarries in the Lindy Lake or Shadow Lake areas.
Assays have been received for a total of 1,160 samples in 2021. To
date, approximately 10% of all assays have returned anomalous gold,
silver or copper values and highlights are reported below:
Table 1: Grab and Float Sample
Highlights
Area |
Sample ID |
Easting (UTM19) |
Northing (UTM19) |
Au (g/t) |
Ag (g/t) |
Cu (%) |
|
|
Pennfield Ridge |
535637 |
679709.00 |
4997424.00 |
0.04 |
6.34 |
0.71 |
|
Pennfield Station |
535753 |
685979.00 |
4998931.00 |
0.00 |
5.52 |
0.91 |
|
Pennfield Corner |
535758 |
676623.00 |
4998764.00 |
0.18 |
2.69 |
0.00 |
|
Seven Mile Lake |
663933 |
699097.26 |
5010073.59 |
0.02 |
18.55 |
0.00 |
|
Lepreau Exit |
663957 |
699205.09 |
5006892.64 |
0.00 |
16.70 |
0.00 |
|
Pennfield Station |
664000 |
685066.79 |
4998435.95 |
0.00 |
1.70 |
0.75 |
|
West Branch Road |
665139 |
708332.35 |
5007289.52 |
0.05 |
17.20 |
0.01 |
|
Lindy Lake NE Pit |
665212* |
713943.25 |
5009907.59 |
0.02 |
5.50 |
0.62 |
|
Lindy Lake NE Pit |
665244* |
713952.28 |
5009922.13 |
0.02 |
1.60 |
1.03 |
|
Lindy Lake NE Pit |
665262 |
713954.49 |
5009930.87 |
0.03 |
2.85 |
0.99 |
|
Shadow Lake SW Pit |
665283 |
711494.20 |
5007852.86 |
0.20 |
0.37 |
0.06 |
|
Shadow Lake SW Pit |
665288 |
711493.73 |
5007897.66 |
0.40 |
16.10 |
0.03 |
|
West Shadow Lake |
665317* |
712392.33 |
5008216.42 |
1.62 |
245.00 |
1.33 |
|
West Shadow Lake |
665319 |
712388.76 |
5008250.33 |
0.13 |
6.32 |
0.02 |
|
West Shadow Lake |
665343 |
712403.05 |
5008216.11 |
0.14 |
32.40 |
0.25 |
|
Detour Road |
666528 |
694316.00 |
5002695.00 |
0.61 |
0.71 |
0.02 |
|
Detour Road |
666602 |
694361.00 |
5003066.00 |
0.12 |
0.06 |
0.00 |
|
Mr. Killian Charles, President of BRW,
commented: “This first pass prospecting program has been pivotal in
evaluating the various structures, rock types and mineralization
styles throughout our large 53,000-hectare land package. To date
only easily accessible areas have been accessed. We expect to
remain busy through Q4 as we begin to focus on key prospective
areas. Follow-up prospecting has been completed on the Rogers Lake
Soils grid and we will begin a stripping program in September to
generate more bedrock exposure as many of the high-grade
gold-in-soil anomalies remain unexplained. Finally, we also look
forward to providing an update on the 2021 till geochemistry
program in the coming weeks”.
Exploration Program Outlook
- Over 1,300
bedrock grab samples have been collected in 2021 including a few
float samples, of which 1160 assays have been received. The team
will continue to prospect regionally into Q4 2021.Based on sample
results, geology and mineralization; four priority target areas
have been identified across the Fundy project: the Seven Mile Lake
Mylonite, Pocologan Metamorphic suite, Shadow Lake area and Lindy
Lake area. Brunswick Exploration is currently planning a second
phase of prospecting in these areas (see Map).
- The 2021 till
program is complete, having collected 635 till samples at 500m
spacing across the entire property. Analytical results are
pending.
- A gold panning
program (heavy mineral concentrates) at 25 and 100 meter spacing
has commenced to follow up on the 16.20 g/t gold-in-soil anomaly
obtained in 2020 and will also incorporate some sampling along the
Lepreau River.
- 10 target areas
have been identified in the 2020 soils grid at Roger’s Lake within
the Seven Mile Lake Mylonite. A stripping and channel sampling
program will commence to expose more bedrock once permits are
received. The program is currently scheduled for September
2021.
Geology and Mineralization
Overview
The Project area is situated within the broad
Fundy Shear Zone; a major structure that cuts across all of
Southern New Brunswick and comprises multiple deep-rooted faults
that expose panels of sedimentary, volcanic and granitoid rocks, as
well as mylonites, juxtaposed during multiple orogenic events over
an extensive time frame.
Grab samples are hosted in quartz or quartz
carbonate veins as well as within the host rocks demonstrating
hematite and/or carbonate alteration. Gold-copper-silver
vein/breccia mineralization is predominantly associated with pyrite
and/or chalcopyrite with secondary malachite. Other grab samples
are associated with mafic and/or felsic dykes. Host rocks include
various types of granodiorite, granite, mylonite, gabbro and
basalt.
Qualified Person and Assaying
The scientific and technical information
contained in this press release has been reviewed and approved by
Mr. Charles Kodors, P. Geo, Manager New Brunswick, a licensed
professional geologist in New Brunswick.
Samples were sent to ALS Global and were
analyzed for gold using standard fire assay (30 gram) with
Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES)
finish. An additional 48 elements were digested by four-Acid (0.25
gram) and analyzed using Inductively Coupled Plasma Mass
Spectroscopy (ICP-MS). In-house analysis of standards and pulp
duplicates were performed at the lab.
About Brunswick Exploration
The Company is a Montreal-based mineral
exploration venture listed on the TSX-V under symbol BRW. The
Company is now focused on exploration and development of gold and
base metal properties in Eastern Canada. Current projects include
gold-polymetallic vein systems in Southern New Brunswick (Fundy
Gold Project), the Lac Édouard nickel-copper project in Québec,
base metals VMS in the Bathurst Camp in New Brunswick and in the
Chibougamau region of Quebec (Waconichi).
Investor
Relations/Information
Mr. Killian Charles, President
(info@BRWexplo.com).
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
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/72350ce8-2ef3-4023-ad4f-dfd625e5f33b
Komet Resources (TSXV:KMT)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024
Komet Resources (TSXV:KMT)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024