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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Brunswick Resources Inc | TSXV:BRU | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.025 | 0.05 | 0.05 | 0 | 00:00:00 |
Brunswick Resources Inc. (the "Corporation" or "Brunswick") (TSX VENTURE:BRU) is pleased to announce the start of an exploration program on the Chester West property. The Chester West property was acquired by Brunswick in March 2014 by stalking and is contiguous to Explor Resources' Chester Copper Property. The Property is located in the Northumberland County, 70 km southwest of Bathurst, New Brunswick and 50 km west-northwest of Miramichi, New Brunswick, within the Bathurst Mining Camp. This area has an extensive history in base metal production from VMS deposits. The Chester West property consists of 2 claims comprising 50 units for a total of 1,110 hectares. A new and updated geology map produced by Explor personnel as a result of their work on the west side of Clearwater Stream in 2013 and on display at the PDAC, indicates a westerly dip of the newly discovered copper mineralization in road cuts. New soil sampling in 2013 indicates wide spread copper and base metal anomalies and favorable stratigraphy associated with the mineralized bedrock areas as well as the potential to discover new mineralization although there are very few outcrops in the area. A review of the 1996 Extech 2 airborne survey of the Bathurst Mining Camp as well as the Geotec Airborne survey completed by First Narrows in 2005 (Assessment report No 475973) outlines some geophysical targets. The copper and base metal soil anomalies combined with the new geological interpretations indicates there is a westerly down dip component to the stratigraphy as well as a steeply westerly sloping terrain. There has been very little exploration work in this area of the Bathurst Mining Camp (BMC) since the initial exploration more than 60 years ago. Of significance also is the fact that 3 age dates in the area since 2005 have indicated an age of 469+/- 0.3 ma. All of the main largest VMS deposits in the BMC (including BMS #12 and #6, the Caribou Deposit (currently being developed by Travalli) and the past producing Heathe Steele Mines, are associated with this age date for the footwall felsic rocks. That new data in 2007 places Explor's Chester deposit the same time frame as the Brunswick Mining No. 12 and No. 6 deposits located in the BMC. The exploration program will consist of line cutting, geophysics and geochemistry to determine drill targets. Chris Dupont P.Eng is the qualified person responsible for the information contained in this release. Brunswick Resources Inc. is a publicly listed company trading on the TSX Venture (BRU). This press release was prepared by Brunswick Resources Inc. Neither the TSX Venture Exchange Inc nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release. About Brunswick Resources Inc. Brunswick has as its flagship property the Abitibi Gold Property located in Munro Township in the famous Timmins mining camp. There are many surface gold showings that require investigation by ground geophysical surveys and followed up by a diamond drilling program. A recent airborne survey has successfully outlined many EM and magnetic structural features. A geophysical feature similar to the Croesus mine has been identified. The Abitibi Gold Property consists of 112 claims located approximately 86 kilometres east northeast of the city of Timmins in the Larder Lake Mining Division, Ontario. This document may contain forward-looking statements relating to Brunswick's operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Brunswick's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not placed on such forward-looking statements. Brunswick disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws. FOR FURTHER INFORMATION PLEASE CONTACT: Christian Dupont President and CEO (888) 764-5195 (819) 797-0596 (819) 797-6050 (FAX) www.brunswickresources.com brunswick@tlb.sympatico.ca
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