Brunswick Exploration Provides Project Updates

MONTREAL, June 30, 2021 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (“BRW” or the “Company”) is pleased to announce that it has received necessary permits to begin drilling at its Lac Édouard nickel-copper-cobalt project (“Lac Édouard”), located 40 km northeast of the town of La Tuque, Quebec, and 125 km northwest of Quebec City. An initial 3,000 meters program is planned over the month of July. Drilling will target the down-dip potential to the north of the known mineralization as well as an elongated geophysical (EM) anomaly stretching 540 metres to the east of the deposit.

Furthermore, Company staff have identified mineralized float (glacial boulders) of peridotite hosting nickel-copper sulphide mineralization located 1,900 metres northwest of the Lac Édouard deposit as well as 3,900 metres south of the deposit. Assays are pending and will be released when available.

Mr. Killian Charles, President of BRW, commented: “We are very excited about advancement of the Lac Édouard project and the potential for discovering new high-grade nickel-copper-cobalt sulphide mineralization. The mineralization near the deposit is open at a shallow depth and has been undrilled since the early 1970’s. Furthermore, the historical mineralization was never assayed for platinum, palladium or cobalt. We are also excited to see work advance across our portfolio of projects in New Brunswick and Quebec with further drilling to begin later this year.”

Additional Exploration Updates:

New Brunswick

• Fundy Gold (Gold-Silver-Copper): BRW’s seasoned exploration team has been prospecting since early May both regionally and following up on the December 2020 high grade gold-in-soil anomalies (see news release dated March 16th); multiple assays are pending and will be released as they are received. A regional, 500 metres space gold-in-till program is expected to be completed by late July. The program will allow the Company to focus its prospecting work across key areas of interest.
• Bathurst Mining Camp (Zinc-Lead-Copper-Silver VMS): The newly completed geological model along the Brunswick Belt from Brunswick No.12 to Gilmour South has been combined and integrated with a new model from Gilmour South to Key Anacon, covering a total strike length of approximately 72 kilometres. Several drill targets have been identified and BRW is planning a 1,500-2,500m drill program to test coincident geophysical and geological anomalies that correspond to the preferred stratigraphy that hosted the prolific Brunswick No.12 in late summer 2021.

Quebec

• Waconichi (Zinc-Lead-Copper-Silver VMS): an airborne gravity gradiometry survey was recently flown across the property. Following interpretation of the new data, the Company has identified 5 high-priority coincident gravity and EM anomalies. These anomalies have never been drilled and BRW plans to test the targets in the fall of 2021.
  

Qualified Person

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

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 ([email protected]).

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.