Berkwood acquires additional claims adjacent to advanced neighbour expanding the Lac Gueret East Graphite Property, Quebec
January 7, 2014 (Source: Accesswire) — Berkwood Resources Ltd. (TSX.V:BKR) (“Berkwood” or “the Company”), is pleased to announce that it has acquired, from a local prospector, additional contiguous ground immediately to the west of its Lac Gueret East Graphite Property located in northeastern Quebec. The newly acquired claims will be added to the current 63 contiguous claim (3,204 ha) Lac Gueret East Graphite Property where during the fall 2012 exploration program the first Graphite bearing zone on the Property was discovered.
The newly acquired claims comprise 7 blocks, (378 ha total) located to the west, and are contiguous with the original Lac Gueret East Graphite Property, which will now directly border Mason Graphite`s Lac Gueret Property over 7 km on its eastern side (see appended maps or http://www.berkwoodresources.com/lac-gueret-maps.html).
Mason Graphite’s advanced Lac Gueret Property has a NI 43-101 compliant mineral resource estimate with measured & indicated mineral resources of 50 million tonnes grading 15.6% Cgr (including 6.6 million tonnes grading 32.4% Cgr). Berkwood’s Lac Gueret East Graphite Property shares a similar geological environment as Mason Graphite’s Lac Gueret Property including along strike stratigraphic units and structures.
Mason Graphite’s recently updated NI 43-101 mineral resource estimate includes assay data from 170 holes (approximately 26,500 metres) drilled in the GC Zone. Mason reports that the mineral envelope remains open in all directions and the company expects further expansion with additional drilling. The GC Zone lies approximately 1.5 km to the west of Berkwood’s Lac Gueret East Graphite Property boundary.
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Brian Buchanan, President and Director of Berkwood commented: “We are pleased to have enhanced our evolving graphite exploration property east of the significant Mason Graphite discoveries. This area of Quebec is known for high purity, large flake graphite and has been identified as an ideal geological setting for graphite exploration.”
About Lac Gueret East Graphite Property
Berkwood commenced a phase 1 fieldwork program on the Lac Gueret East Property in October 2012 with the objective to delineate prospective graphite zones. During prospecting the first graphite bearing zone on the Property was discovered. The graphite bearing zone, which is traceable at surface extends a minimum of 55 metres, has a mean true width of 4-5 metres and trends northeast. A phase 2 work program is planned, with proposals for an airborne electromagnetic survey, surface work follow up, stripping and trenching, with the objective of generating targets for drill testing (see Berkwood news release dated September 27, 2012 for details).
Alain Berclaz, P.Geo a consultant to the Company and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information contained in this news release.
To view details, maps and photos of Berkwood’s properties please click the following link: http://www.berkwoodresources.com/properties.html.
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On behalf of Berkwood Resources
Brian Buchanan, President and Director
Forward Looking Statements
This Berkwood News Release may contain certain “forward-looking” statements and information relating to Berkwood that are based on the beliefs of Berkwood’s management as well as assumptions made by and information currently available to Berkwood’s management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitation, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. Except as required by law, Berkwood does not assume the obligation to update any forward-looking statement.
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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>