Brunswick's Lithium Drilling Results Advance Globex's Interests
Brunswick Exploration Unveils Promising Lithium Drilling Results
Recently, Brunswick Exploration shared exciting news about its exploration activities related to lithium, revealing significant drilling results that could impact the future of the industry. This development comes from the exploration efforts over Globex’s Lac Escale (Mirage) property, situated within the expansive mineral-rich area of Quebec.
Drilling Campaign Achievements
The recent drill campaign concentrated on the Central Zone of the Lac Escale property, particularly around the MR-6 and MR-3 dykes. Brunswick has made remarkable progress, identifying several new lithium pegmatites that surround the MR-6 dyke, showing growth in mineralization across multiple drill holes and extending over a strike length of 1,000 meters.
Key Findings from the Drilling
Drilling has successfully revealed extensive intervals rich in lithium across various test sites. Some of the notable outcomes reported from the drilling campaign include:
- High-grade lithium intersections with assays reaching up to 1.75% Li2O over 40.4 meters in drill hole MR-24-73.
- Additional results show 1.07% Li2O over 24 meters in MR-24-74 and 1.25% Li2O over 16 meters in MR-24-72.
- The discovery of three new stacked dykes, notably located 250 meters east of MR-6, displaying remarkable grades of 1.25% Li2O over 26 meters, 1.49% Li2O over 26.2 meters, and 1.93% Li2O over 22.35 meters in MR-24-76.
Future Actions and Metallurgical Studies
Brunswick Exploration plans to commence metallurgical studies shortly focusing on the MR-6, MR-4, and MR-3 dykes, which could illuminate further processing capabilities for lithium extraction in the area. This step is crucial as it allows the company to fine-tune techniques and enhance recovery rates of lithium from the ore.
Expansion of Exploration Activities
Since the start of the year, Brunswick has undertaken an impressive drilling campaign of about 12,000 meters aimed at discovering, delineating, and extending the spodumene-bearing pegmatites. This extensive drilling is crucial in establishing a robust resource estimate in the region.
Impact on Globex Mining Enterprises
Globex Mining Enterprises Inc. has a keen interest in these developments as it retains a 3% Gross Metal Royalty on the Lac Escale claims. The company also stands to benefit from advance royalty payments of $100,000 beginning in the fifth year. With Brunswick’s latest drilling results, the economic potential of Globex’s Lac Escale (Mirage) property appears increasingly promising.
A Collaborative Future
With these compelling drilling results, Brunswick's exploration has been instrumental in highlighting the viability of the Lac Escale property. The company continues to strengthen its working relationship with Globex and demonstrates its commitment to unlocking the economic potential the project beholds.
Frequently Asked Questions
What is the significance of the recent drilling results from Brunswick Exploration?
The results highlight significant lithium mineralization, suggesting excellent potential for future lithium production and overall economic benefit to the region.
How does Globex benefit from the Lac Escale property?
Globex benefits through a 3% Gross Metal Royalty on the Lac Escale claims and will receive $100,000 annually in advance royalty payments after the fifth year of the agreement.
What types of lithium grades have been reported?
Recent reports indicated high lithium grades, with assays extending from 1.07% Li2O to 1.75% Li2O across multiple drill holes.
Are there future plans for metallurgical studies?
Yes, Brunswick Exploration intends to begin metallurgical studies focused on the key dykes within the Lac Escale property shortly.
How extensive was the drilling campaign undertaken by Brunswick this year?
Brunswick has drilled approximately 12,000 meters in its quest to discover and delineate spodumene-bearing pegmatites this year.
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