Hello Guest User, You are visiting this website from a computer with an IP address of 172.70.43.33 with the name of '?' since Fri Oct 11, 2024 at 8:45:04 PM PT for approx. 0 minutes now.
Daily KRO 2024 Favorites Report Publisher: Kaiser Research Online Author: Copyright 2024 John A. Kaiser
Daily Kaiser Research Favorites Report for October 10, 2024
(0:25:26): Did we learn anything from Brunswicks's initial drill results from this summer's drilling at Mirage?
Brunswick Exploration Inc announced initial results on October 8, 2024 for its summer drill program at the Mirage project in Quebec's James Bay region and the market was not impressed. Brunswick has completed 23 holes for 4,871 m but they are largely infill holes or modest stepouts within the set of dykes tested in late 2023 and in early 2024. This time around Brunswick has provided a drill plan with all the holes labeled, so we can see what to expect. The northeast striking Central Zone seems to be two different dyke sets, one that dips shallowly to the northwest and thins out at depth, and a stacked dyke system that dips in the opposite direction. Although the company seems to know what the word "stacked" means, Brunswick seems to be relying on an AI spell checker which has been trained on the CEO's presentations about billions of staked pegmatites, any one of which could be the next Greenbushes. Both in the text and in the drill plan the word "stacked" has been replaced with "staked", as in "staked dykes system". Is the Brunswick AI agent trying to tell us that Brunswick is still just a staking play and not a discovery delineation story?
The market shrugged at the initial summer results. This is the first news since July 23 when Brunswick reported on additional down ice till sampling and prospecting which revealed another spodumene enriched giant boulder. The Mirage pegmatite dykes that have been drilled lack the micaceous nature of the spodumene boulder field whose source remains unexplained. The summer drilling did not venture onto the ground to the northeast which is optioned from Electric Elements, the lithium spinout from the Osisko group which is still private. As far as I can tell, since completing the winter drill program, Brunswick has been treading water and depleting its treasury. It was thus odd that the stock moved up the day when the Rio Tinto bid for Arcadium Lithium was announced. I think this is a sign that Bob Wares and Sean Roosen, now that Rio Tinto is acquiring a major stake in Quebec's James Bay region and stepping up as a major lithium player, will roll up their sleeves and cobble together a new James Bay champion for next year.
Mirage 2024 summer drill results and drill plan revealing "staked dykes system"
Maps showing 2024 summer drilling and unresolved spodomene boulder trains at Mirage
