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Brunswick Exploration Aquires Prospective Tin Properties in New Brunswick
MONTREAL, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (“BRW” or the “Company”) is pleased to announce that is has acquired multiple claims thro
About this update from Brunswick Exploration, Inc.
[{"type":"text","content":" MONTREAL, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (“BRW” or the “Company”) is pleased to announce that is has acquired multiple claims throughout New Brunswick, totaling 6,527 hectares, located in southeastern and central New Brunswick, collectively known as the Caledonia Tin and Catamaran Tin projects (“Properties”). The Properties were acquired by claim staking and are located roughly 30 kilometers south of Moncton and 15 kilometers west of Doaktown, respectively. Mr. Killian Charles, President of BRW, commented: “We have chosen the most prospective tin targets across New Brunswick based on till geochemistry, proximity to existing tungsten-tin deposits and favorable geology. It is important to note that New Brunswick is host to North America’s largest undeveloped tin deposit. Tin fundamentals are incredibly strong with spot prices recently reaching historical highs due to export curtailments in Indonesia. Tin remains the best performing metal in 2021 with forecasted demand expected to remain very strong, so we are excited to launch a tin exploration program in a highly prospective and stable Canadian jurisdiction.” Prospectors have begun working on the properties and we will continue with Phase 1 reconnaissance prospecting along with a soil sampling program in Q2 2022. Compilation work included the creation of a Tin Favourability Factor (“TFF”) using multi-element Sn, W, Mo, As, Be, Bi, Cs and base metal concentrations in the regional government till geochemical data base. The TFF allowed the Company to highlight areas of tin potential across the province. The generated targets from the TFF were comparable and, in several instances, better than anomalous tills taken in the vicinities of the Burnt Hill and Sisson Brook Deposits. Tin Fundamentals Included in Canada’s List of Critical Minerals in 2021, tin is predominantly used as an alloy for solder in electronics and superconducting magnets. The spot price of tin has risen over 200% since January 2021 and reached a record price of US$40,680/tonne earlier this month. With demand for smart devices and electronic components expected to continue growing over the coming years, coupled to the phasing out of traditional lead solders, tin demand is expected to remain elevated with forecasted growth in excess of 7% in 2021, according to the International Tin Associ...