Impact: Positive
Brunswick Exploration reported results from six additional holes of its 24-hole (~5,000m) Phase 4 drill program at the Mirage project in Quebec. The program is focused on extending mineralization at the Central zone of the project, especially to the NE, and targeted the MR-6 and MR-3 stacked dyke systems. Highlight intercepts include: 1) 1.19% Li2O over 29.25m (MR-25-115, in a newly discovered dyke), and 2) 1.01% Li2O over 17.40m (MR-24-106, a 150m step out to the NE). These results have successfully extended mineralization at the Central Zone, extending the footprint of mineralization to over 3km, with mineralization remaining open in multiple directions. Assays from 10 holes are pending, with all results expected to feed into an MRE in Q4/25. Overall, these are positive results from Brunswick. With every drill program the company has successfully extended mineralization at Mirage. We also expect an update on progress of summer fieldwork at its Nuuk and Paamiut projects in Greenland over the next few weeks.