202m Lithium Pegmatite in Quebec, But is This a Real System? | Brunswick Exploration CEO Interview

Antonio (0:00)

This video is sponsored by Terrahutton, who makes the invisible, investible. Today in the CEO BBQ, Lithium Exploration in Quebec's James Bay, together with Brunswick Exploration. But if you're short on time, subscribe to our free newsletter, and once a week, we'll send you a five-minute summary of all interviews we put out, resourcetalks.com for a free weekly newsletter. Now, although this company has paid us for the production of this video, you should still understand that we are not financial advisors, and this is not intended as financial advice. It is a broad, general and in-personal piece of information intended only for those who know and understand the risks of junior mining, of which there are many. Before moving on, read the company's official filings on SitterPlus.ca and do your own due diligence. Pause the screen and read all the disclaimers I've shown you because your capital is at risk. If this isn't clear, go to the last section of this video for a longer explanation of the risks and biases, and do not consume this content if you don't agree with everything said therein. Moving on. Now, this is not Brunswick's first time on the CEO BBQ, so if it's your first time hearing about the company, I'm going to post a link to a playlist that's going to have plenty of interviews in there. Please watch those first. That's where you can find the basic details and information about the company. Because today is mostly going to be an update on one of the recent drill holes that they've had, and maybe a bit of an update on Greenland and Saudi as well, toward the latter part of the conversation. In a nutshell though, Brunswick Exploration is again, a lithium explorer whose flagship there is a was, maybe was, but is or was the Mirage Project in Quebec's James Bay. It's roughly 40 kilometers south of the Trans Tiger Road.

Just briefly, Mirage is an LCT spondyloid bearing pegmatite dyke system. They did an NI 43-101 on it in January of this year, had about 52 million tons of lithium in fur at about a percent is what the grade was. However, there have been some developments since that make me say, was it the flagship? That's something that we'll be asking. Of course, they launched the 4,000-meter expansion and exploration program on Mirage that we might touch upon as well today. But really a big part of what we'll talk about today is the Anatha Cow project. Because although the gases are still pending, we already know a little bit about some of the drilling there and some of the geology. They just had a news release last week on it announcing a 202-meter spondyloid bearing intercept with visual spondyloid estimated at around 25 percent. Again, the assets are still pending.

We can still talk a little bit about what's going on there. Hole 16 is now testing whether the pegmatites continues to thicken and depth, which they're seeing here as well, which is going to be important to talk about as well. Again, they also have some land in Greenland as well as Saudi Arabia.

Maybe just a brief update toward the latter part of the conversation here. Killian and I have already discussed those in previous conversations, by the way. So if you want to know more, again, please watch those previous interviews. There's going to be a link in the description. Some of the numbers and a bit of the details here briefly. Brunswick is listed as BRW and the TSXV in Canada. Average volume over the last three months has been about 215,000 units. Stock's 52-week high is 40 cents and a 52-week low is 11 cents. With a market cap of $56.5 million and 282.5 million shares outstanding.

Today, this is a 20-cent stock with a 50 and a 200-day moving average at respectively 15.2 cents, which means the stock is now trading above those two. Enough of me though for now. Time to shut up and Killian, I'll give you the word. But first of all, thank you for sitting down with me.

Killian Charles (3:29)

As always, Antonio, it's a pleasure to be here. And yes, I mean, I like how you hit that nail right on the head from the get-go in terms of what is our flagship project inside the company. And it's a question that even ourselves are starting to wonder. Not to say that Mirage is not a great asset. Of course, 52 million tons, an additional exploration target of 40 to 50 million tons. But I think it speaks to the level and the excitement around this current discovery that we've made at our NAIS project. I'm sure you have a million questions on it. So please, roast away.