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Brunswick Exploration Significantly Expands its Holdings in Greenland Following Lithium Discovery
BCBrunswick(BC) GlobeNewswire News Room·2024-11-07 11:00

Core Viewpoint - Brunswick Exploration Inc. has announced the discovery of spodumene in Nuuk, Greenland, and has applied for additional licenses in the area, expanding its holdings in Western Greenland to capitalize on the confirmed lithium potential [1][2]. Company Developments - The company has consolidated high-priority targets in Western Greenland, controlling a significant grassroots exploration portfolio and being the only company actively exploring for lithium in the region [2]. - Brunswick Exploration is preparing to launch a major lithium exploration initiative in 2025, focusing on collaboration with local communities and government [2]. License and Exploration Details - The company has applied for new licenses covering a total of 92,547 hectares, which include hundreds of mapped pegmatites, with 90 of them measuring between 500 and 2,000 meters in length [3]. - The Nuuk holdings include the Ivisaartoq discovery and adjacent Ujarassuit amphibolite belt, which is up to 1 kilometer wide and approximately 40 kilometers long [5]. - Additional claims in the Disko Bay area cover 49,639 hectares with hundreds of mapped pegmatite targets, including 54 that are between 500 and 2,000 meters in length [7]. - The Uummannaq licenses encompass 9,770 hectares with multiple mapped pegmatites, including 30 that are between 500 and 2,000 meters in length [8]. Strategic Positioning - Brunswick Exploration's new holdings are strategically located near communities and tidal waters, ensuring logistical and infrastructure support for future development [2]. - The company aims to leverage its lithium expertise to advance exploration targets and deliver results throughout 2025 [3].