Berkwood capitalizes on ‘massive’ graphite mineralization and the power of big brother Mason
‘You’re only as good as the company you keep.’ If the old adage is true, then Berkwood Resources Ltd. (TSXV: BKR) is great. The Vancouver-based junior exploration company dedicated to the acquisition, exploration and development of base metal, precious metal and graphite projects. Led by President and CEO, Brian Buchanan, Berkwood is currently advancing its three properties in Canada — the Lac Guéret East Graphite Property (acquired in the first half of 2012, this property is adjacent to the eastern boundary of Mason Graphite’s Lac Guéret property) and the Peter Lake Copper Property, both located in Québec, along with the Prospect Valley Gold Property in British Columbia.
Given the significant milestones and critical advancements made by Mason Graphite Inc. (TSXV: LLG) towards the development of its Lac Guéret property in the past year and a half (including a 26,500-meter drilling campaign, completion of a economically robust PEA, combined with Mason’s formidable marketing campaign launched earlier this month, featuring a rebuilt, comprehensive website and exclusive Larry King and Jim Rogers interviews with President and CEO Benoît Gascon), Berkwood Resources’ most exciting asset is its Lac Guéret East graphite property. The name says it all really; it is literally right next door to Mason Graphite’s rapidly advancing graphite project — widely regarded as one of the most important, high-grade natural flake graphite deposits in the world. According to Mason, “the graphite grade on this property [Lac Guéret] is among the highest in the world and the company intends to transition the project to production by the end of 2015.” Mason’s Lac Guéret deposit has an NI-43-101-compliant measured and indicated mineral resource of 7.6 million tonnes, grading at 20.40% carbon as graphite. Given the strength of neighboring Mason, Berkwood’s property is a rather ideal graphite district for a graphite exploration company to be exploring in.
Berkwood’s Lac Guéret East graphite property consists of 63 claims totaling 3,402 hectares and shares a similar geological environment as Mason Graphite’s Lac Guéret Property, including along strike stratigraphic units and structures. Graphite in the vicinity ranges from 3% to 40% carbon as graphite, exhibiting flakes up to 5 millimeters in diameter.
In speaking with Brian Buchanan yesterday, I learned that he and the Berkwood team were looking forward to commencing a new Phase 2 work program — aggressively exploring the Lac Guéret East property, with the objective of delineating perspective graphite mineralization zones, paying special attention to regional geophysical signatures that cross the property. “We are quite pleased with our evolving graphite exploration property east of Mason,” Buchanan said. “This area of Québec is known for high purity, large flake graphite and has been identified as an ideal geological setting towards achieving our graphite exploration goals.” Buchanan is going to be meeting with project geologist Alain Berclaz in the coming days in order to finalize the program plans. I believe Berkwood will be announcing the specifics of said program in the coming weeks. To date, the fieldwork has been subject to interpretation of historical data and geological potential of the property has consisted of mapping and surface work.
During prospecting in 2012, the first graphite-bearing zone on the property was discovered. The graphite-bearing zone, which is traceable at surface, extends a minimum of 55 meters, has a mean true width of 4 to 5 meters (55 meters long by 4 to 5 meters wide) and trends northeast. This year Berkwood acquired four additional contiguous claims, which cover a reported graphite showing discovered in 2011, during geological mapping by Géologie Québec government geologists. The graphite mineralization is described as “massive” with elevated carbon-as-graphite values.
InvestorIntel.com is a leading online source of investor information that provides public market coverage for both investors and industry alike. A qualified online influencer through ... <Read more about InvestorIntel>