08:51 AM EDT, 10/08/2024 (MT Newswires) -- Brunswick Exploration ( BRWXF ) , which rose 7.3% yesterday, on Tuesday reported the first set of results from the Mirage summer drilling campaign, while flagging "more exciting results forthcoming" at Mirage and also "several important exploration updates" on its grassroot portfolio to be released in the coming weeks.

BRW noted the latest campaign focused on the Central Zone, including the MR-6 and MR-3 dykes, and the company said it has continued to intersect wide and well mineralized intervals on their extension and at depth.

Among highlights cited: it said several new lithium pegmatites were intercepted immediately surrounding MR-6 dyke located in the Central Zone. BRW added significant dyke staking is observed to the East and North of MR-6. The mineralization in the Central Zone is now identified over across multiple holes stretching over 1,000 meters of strike length.

Other highlights include: "multiple significant, near-surface intervals" extending the MR-6 dyke with 1.75% Li2O over 40.4 meters in drill hole MR-24-73, 1.07% Li2O over 24 meters in drill hole MR-24-74 and 1.25% Li2O over 16 meters in drill hole MR-24-72.

Also, three new stacked dykes confirmed, located 250 meters to the East of MR-6 with 1.25% Li2O over 26 meters, 1.49% Li2O over 26.2 meters and 1.93% Li2O over 22.35 meters all in drill hole MR-24-76.

Brunswick Exploration ( BRWXF ) will start metallurgical studies in the coming weeks for the MR-6, MR-4 and MR-3 dykes.

Killian Charles, President and CEO of BRW, in a statement said: "Once again, our drilling underscores the significant potential of the Mirage project. We continue to rapidly identify and expand multiple pegmatite dykes in the core of the project in the Central Zone. These dykes still remain open in multiple directions with continued evidence of near-surface dyke staking. As we continue to delineate these targets, we have begun preparation for metallurgical studies which we believe will highlight the typically coarse mineralization observed at Mirage"

Tuesday's statement noted the Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec, approximately 40 kilometres south of the Trans-Taiga Road. It noted the drilling program concluded with a total of 23 drill holes for 4,871 meters. Since the beginning of 2024, BRW has drilled approximately 12,000 meters to discover, delineate and expand the spodumene bearing pegmatites dykes at Mirage.

BRW jumped $0.015 or 7.3% at $0.22 on Monday.