(TheNewswire)
March 5th, 2018 / TheNewswire / VANCOUVER, B.C. Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) (“Berkwood” or the “Company”) is pleased to announce the immediate resumption of resource expansion and definition drilling on Zone 1 at the Company's 100% owned Lac Gueret Project.
The Phase 3 program is currently underway and includes a planned 1,500m of drilling in nine HQ diamond drill holes to further test for strike continuity of mineralization along the target regional conductor, to improve our understanding of the orientation of the mineralized horizons, and to further define graphite mineralization at the Zone 1 Graphite Prospect. The Company is focused on Zone 1 because all 18 holes drilled to date have returned significant graphite intervals.
Tom Yingling, President and CEO states, “Field crews have been on site at Lac Gueret since early February and have been performing detailed structural logging and analysis of previous drill core. This was deemed a critical step to best define how we continue to build on the exciting results from our 2017 drill programs with this next phase of drilling on Zone 1.”
The Company is engaged with certain work dedicated to characterization of features of the mineralization relevant to its suitability for entry to the global graphite market: initial findings will be made available to the public in the very near term.
Lac Gueret South Zone 1
Lac Gueret South is located in Cote Nord, Quebec, a three-hour drive from Baie-Comeau in an area with very good infrastructure. The Project lies directly south of Mason Graphite's (TSX-LLG) advanced Lac Gueret Project. Mason is developing one of the largest medium to high-grade graphite deposits in the world.
During the recently completed 18-hole Phase 1 and 2 drill programs on Zone 1 that totalled 2,525m, the Company is pleased to announce it has intersected visual Graphite in every hole drilled to date. (See news releases of assay results dated December 17th, 2017 and February 15th, 2018.) Success in these drill programs confirms that a significant component of the distinct electromagnetic conductors that occur over a two kilometer strike length and 50 meters to 600 meters in width as defined by airborne EM geophysics (see the Berkwood news release dated February 10, 2015) includes graphite mineralization.
To view a virtual reality video of the autumn Phase 1 Zone 1 drill program as well as the most recent winter Phase 2 drill program, please follow the link at the bottom of our home page at: http://www.berkwoodresources.com . For those attending the PDAC Convention in Toronto, please visit Booth No 2103 to view core samples and experience the VR ‘trip’ first hand.
Edward Lyons PGeo (BC, QC, NL) is a Qualified Person under the definition of Canadian National Instrument 43-101, and has approved the technical information in this news release. Ed has worked extensively on the Lac Gueret Property, now owned by Mason, and neighbouring graphite properties since 2000.
About the Company: Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon the ethical mining and supply of naturally occurring elements and minerals that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components for the new suite of innovative tools. The Company is led by a team with collectively over 100 years experience and whose members have been involved with the discovery of several producing mines.
On Behalf of the Board of Directors
Berkwood Resources Ltd.
‘Thomas Yingling’
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
info@berkwoodresources.com or
1-778-945-2935 www.berkwoodresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect.
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