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Brunswick Exploration Inc. (BRW.V)

TSXV - TSXV Real Time Price. Currency in CAD
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Previous Close0.1800
Open0.1800
Bid0.1750 x N/A
Ask0.1850 x N/A
Day's Range0.1800 - 0.1800
52 Week Range0.0700 - 0.2800
Volume10,300
Avg. Volume28,072
Market Cap23.647M
Beta (5Y Monthly)0.71
PE Ratio (TTM)N/A
EPS (TTM)-0.0170
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Amendment to Option Agreement, Brunswick Belt Property
    GlobeNewswire

    Amendment to Option Agreement, Brunswick Belt Property

    MONTREAL, April 21, 2021 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (“Brunswick”) (TSX-V: BRW) and Osisko Metals Incorporated (“Osisko Metals”) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) announce that, following a TSX-V review, they have amended the terms of the option agreement (the “Option”) previously announced on August 17, 2020 whereby Brunswick can acquire a majority interest in Osisko Metals’ Brunswick Belt exploration property (the “Property”), located in the eastern portion of the Bathurst Mining Camp in the Bathurst area in New Brunswick (the “Transaction”). The Property covers 72 kilometres of the prolific Brunswick Belt and includes the Key Anacon and Gilmour South base metal deposits. The amended Option now allows Brunswick to earn up to 51% interest by spending an aggregate of $10,000,000 in two stages over a five-year period. Amended Option Agreement Details The Option is divided into two distinct earn-in requirements (all amounts in Canadian dollars): The First Option: by funding an aggregate of $2,000,000 on or before the second-year anniversary of the signing of the Option and completing a cash payment of $100,000, Brunswick can earn an initial 15% interest in the Property.The Second Option: by funding an aggregate of $10,000,000 (inclusive of First Option expenditures) according to the schedule below, Brunswick can earn an additional 36% interest in the Property for a total interest of 51%: An aggregate of $2,000,000, on or before the 2nd year anniversary;An aggregate of $4,000,000, on or before the 3rd year anniversary;An aggregate of $6,500,000, on or before the 4th year anniversary; andAn aggregate of $10,000,000, on or before the 5th year anniversary. Once any one of the two earn-in requirements are met (as per Brunswick’s discretion), a joint venture can be formed between Brunswick and Osisko Metals. An NI 43-101 independent geological report was completed by John Langton, P. Geo., of JPL GeoServices and was filed by Brunswick on SEDAR on November 5, 2020. Robert Wares is Chairman of the Board and Chief Executive Officer of both Osisko Metals and of Brunswick, and hence abstained from the negotiation process between the two companies. The Transaction constitutes a “Related Party Transaction” within the meaning of the policies of the TSX Venture Exchange (“TSX-V”), as it involves “Non-Arm’s Length Parties”, as defined in such policies. The Transaction is an arm’s length transaction within the meaning of applicable securities laws. The Transaction is conditional upon TSX-V’s final approval. About Osisko Metals Osisko Metals Incorporated is a Canadian exploration and development company creating value in the base metal space. The Company controls one of Canada’s premier past-producing zinc mining camps, the Pine Point Project, located in the Northwest Territories for which the 2020 PEA has indicated an after-tax NPV of $500M and an IRR of 29.6%. The Pine Point Project PEA is based on current Mineral Resource Estimates that are amenable to open pit and shallow underground mining and consist of 12.9Mt grading 6.29% ZnEq of Indicated Mineral Resources and 37.6Mt grading 6.80% ZnEq of Inferred Mineral Resources. Please refer to the technical report entitled “Preliminary Economic Assessment, Pine Point Project, Hay River, North West Territories, Canada” dated July 30, which has been filed on SEDAR. The Pine Point Project is located on the south shore of Great Slave Lake in the Northwest Territories, near infrastructure, paved highway access, and has an electrical substation as well as 100 kilometres of viable haulage roads already in place. The current Mineral Resources mentioned in this press release conform to NI43-101 standards and were prepared by independent qualified persons, as defined by NI43-101 guidelines. The abovementioned Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. The quantity and grade of the reported Inferred Mineral Resources are conceptual in nature and are estimated based on limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological grade and/or quality of continuity. Zinc equivalency percentages are calculated using metal prices, forecasted metal recoveries, concentrate grades, transport costs, smelter payable metals and charges (see respective technical reports for details). About Brunswick The Corporation, formerly Komet Resources Inc., is part of the Osisko Group of companies and is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. It is 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), base metals VMS in northern New Brunswick (Bathurst Mining Camp option) and in the Chibougamau region of Quebec (Waconichi), and nickel-copper-cobalt in Quebec (Lac Édouard). For further information on this press release, contact: Osisko MetalsRobert Wares, CEOOsisko Metals IncorporatedEmail: info@osiskometals.comBrunswickKillian Charles, PresidentBrunswick Exploration Inc.Email: info@brwexplo.ca 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, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; 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 Company’s public documents filed on SEDAR at www.sedar.com. Although the Company 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 Company 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.

  • Brunswick Exploration Announces Start of 2021 Exploration Campaign
    GlobeNewswire

    Brunswick Exploration Announces Start of 2021 Exploration Campaign

    MONTREAL, April 20, 2021 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (“BRW” or the “Company”) is pleased to announce the start of its 2021 exploration programs across its portfolio of projects in Quebec and New Brunswick, Canada. New Brunswick Fundy Gold (Gold-Silver-Copper): BRW has assembled a field team of experienced prospectors to further investigate the very encouraging gold-in-soil anomalies, including 16,200 ppb Au (see news release dated March 16th) in the Roger’s Lake area. The 2021 prospecting program will cover the entire property over the coming months. BRW is also commencing a five hundred metre spaced regional till survey in May to further refine areas of interest across its entire 53,000 hectares of mineral claims.Bathurst Mining Camp (Zinc-Lead-Copper-Silver): A newly-interpreted lithological model of the prolific Brunswick Belt from Brunswick No.12 to Gilmour South is nearly complete (Figure 1). This interpretation has identified 8 kilometres of unexplored Brunswick Belt along strike from the past-producing Brunswick No.6 mine. BRW will drill test this newly identified extension as well as some coincident Titan 24 geophysical anomalies in H2 2021. Quebec Lac Édouard (Nickel-Copper-Cobalt): Drilling is expected to begin in June for a minimum of 3,000 meters to test the mineralized system along strike and down dip of the historical massive sulfide zone. Prospecting has begun across the entire property to follow up on several unexplained nickel geochemical anomalies.Waconichi (Zinc-Copper-Silver VMS): An airborne gravity gradiometry survey has just been completed. The survey will allow BRW to filter out selected airborne electromagnetic targets for drilling in H2 2021. Mr. Killian Charles, President of BRW, commented: “Following the highly encouraging results from our 2020 field program at Fundy Gold, we are excited to begin rigorous prospecting and a regional till survey throughout our extensive land package. Furthermore, with drilling planned at both Lac Édouard and the Bathurst Mining Camp, we expect the summer months to be very exciting for the Company. BRW intends to spend over $3.5M across its portfolio of assets and is fully financed to complete its 2021 exploration program.” About Brunswick Exploration The Company, formerly Komet Resources Inc., is part of the Osisko Group of companies and is a Montreal-based mineral exploration venture listed on the TSX-V under symbol BRW. The Company has sold its former African assets and 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), base metals VMS in the Bathurst Camp in northern New Brunswick and in the Chibougamau region of Quebec (Waconichi), and the new Lac Édouard nickel-copper project in Québec. 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.

  • Brunswick Exploration Reports 5 km-long Anomolous Gold Trend in Soil Sampling at Fundy Gold
    GlobeNewswire

    Brunswick Exploration Reports 5 km-long Anomolous Gold Trend in Soil Sampling at Fundy Gold

    Figure #1 Figure #1 Figure #2 Figure #2 MONTREAL, March 17, 2021 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (“BRW” or the “Company”) is pleased to announce results from its 2020 soil sampling program at the Fundy Gold Project (“Project”) located in Southern New Brunswick (Figure 1). These maiden results confirm the Company’s view that the Fundy Shear Zone is a district scale, underexplored orogenic gold-polymetallic fault system. Soils Program Highlights Anomalous gold values in soils occur across the entire 5-kilometer-long grid and remains open in all directions (see Figure 2)121 of 1,904 samples assayed over 10ppb gold and 25 of 1,904 samples assayed over 50ppb gold (up to 16,200 ppb gold)Numerous gold-bearing soils are coincident with magnetic anomalies and Lidar lineaments Mr. Killian Charles, President of BRW, commented: “These initial results are very encouraging and support our conviction that the Fundy Gold Project is highly prospective for precious metal endowment. The area has seen no systematic exploration in the past, and since staking the 53,000-hectare land package in 2020, magnetic, resistivity, gravity and Lidar surveys have been reprocessed in addition to compiling all available till, soil and stream sediment data. Combined with initial prospecting, BRW has identified numerous mineralized areas within multiple mylonitic fault bounded corridors. We are very excited about this project and plan to aggressively pursue our prospecting efforts over the coming months along the soil anomalies and faulted corridors.” Soils Program Details This program was a first step in assessing the gold potential along the highly deformed Seven Mile Lake Metamorphic Suite (SML) (See Figure 1). The B-Horizon soils grid covers 500 hectares and is roughly 5 kilometers long by 1 kilometer wide containing 1,904 samples spaced at 25m intervals along 100-metre spaced lines. The grid was geologically constrained to the main SML deformation zone and broad gold anomalies occur throughout the large metamorphic suite. The SML mylonite continues beyond the boundaries of the grid and extends for approximately 18 kilometers. It is fault bounded along the southern contact by the district scale Belleisle Fault. Importantly, quaternary geological mapping by the government describes the till beneath the soil as a thin veneer with an average thickness of less than 1 meter. Other mineralized structures are thought to exist outside of the main zone of deformation currently covered by the soil sampling. To date, anomalous samples are positioned in both magnetic highs and lows as well as Lidar lineaments. Follow-up work is planned for Q2 and Q3 2021. 2021 Exploration Program The company will continue to aggressively prospect and conduct soil surveys along major deformation and fault corridors including the Seven Mile Lake Metamorphic Suite and the Pocologan Metamorphic Suite (PMS) in the spring (See Figure 1). The PMS is 25 kilometers in strike and is considered to be a highly prospective mylonitic deformation zone with very little history of exploration. BRW will also conduct a property wide till survey at roughly 500m spacing along and near all available roadways and bush roads. Depending on the results of the soil programs, till survey and follow up prospecting, the company expects to conduct a trenching and/or drilling program in Q4 2021. Fundy Gold Project Overview The Project is located 15 minutes West from the city of Saint John and extends roughly 45 kilometres to the city of Saint George. The area is located within the Fundy Shear Zone that borders the Gander and Avalon Geological Terranes, the latter having yielded approximately 6.0 Moz gold production in the Carolina Slate Belt in the USA. The newly acquired, 53,000-hectare land package has been poorly explored, most work being geological in nature with limited surface prospecting. The Project is considered highly prospective as it includes several vein gold-polymetallic showings within the broad Fundy Shear Zone. This major structure 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. Qualified Person 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. Soil samples were analyzed for gold using standard fire assay (30 gram) and Atomic Absorption (AA) finish methods and 45 additional elements were analysed by Inductively Coupled Plasma Emission Spectroscopy (ICP) at AGAT Laboratories in Mississauga, Ontario. Field duplicates were taken approximately 1 meter from the original sample every 20 samples. In-house analysis of standards and pulp duplicates were performed at the lab. The 16,200 ppb sample didn’t have enough material to conduct a gravimetrical finish; fire assay checks with AA finish were conducted on the remaining material which returned values of up to 1030 ppb. Some samples contained pulps that were less than 30 grams due to the granitic and coarse-grained composition of the B-Horizon soil. About Brunswick Exploration The Company, formerly Komet Resources Inc., is part of the Osisko Group of companies and is a Montreal-based mineral exploration venture listed on the TSX-V under symbol BRW. The Company has sold its former African assets and 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), base metals VMS in the Bathurst Camp in northern New Brunswick and in the Chibougamau region of Quebec (Waconichi), and the new Lac Édouard nickel-copper project in Québec. Investor Relations/information Mr. Killian Charles, President (kcharles@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. Infographics accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/855628f2-fcda-4d35-9e0e-691c07864f91 https://www.globenewswire.com/NewsRoom/AttachmentNg/f5913551-411d-4432-ab11-60a3e89d701d