Berkwood Provides 2012 Exploration Summary and 2013 Plans
January 8, 2013 Berkwood Resources Ltd. (TSX-V: BKR) (“Berkwood” or the “Company”) is pleased to provide a summary of 2012 results and 2013 plans for its advancing exploration projects:
Prospect Valley Gold Property, British Columbia:
To date several areas of gold mineralization have been identified on Berkwood’s 100% owned 10,871 Ha Prospect Valley Gold Property, and drilling has outlined an extensive low grade epithermal gold system with indications of potential for additional and higher grade mineralization (see Berkwood news release dated January 25, 2012 for details). The majority of historic drilling has taken place in the centre of the claim block along the Discovery Trend. The zones remain open for expansion and other known zones of gold mineralization have yet to be drilled. The 2012 summer and fall fieldwork programs extended the soil sampling grid, 1 km to the northeast, along the projected Discovery Trend. The 2012 soil grid consisted of 10 lines at 100 metre spacing, with samples taken at 25 metre intervals along the lines, for a total of 61 soils per line. A total of 610 soil samples were collected during the program. Results were very encouraging with individual gold values ranging from below detection limit to 953 ppb (for details click here). Several areas of anomalous gold have been outlined for a follow up trenching program, with the objective of generating targets for drill testing.
Peter Lake Copper Property, Quebec:
The Peter Lake Copper Property was acquired in stages by Berkwood in October and November 2012 and now totals 87 claims (5086 Ha). Berkwood released historical assays and six recent check assays from grab samples collected at the Peter Lake North and Peter Lake South showings, which returned values ranging from 0.42% to 22.83% copper and 0.13% to 0.73% nickel as well as elevated gold, silver and cobalt values (see Berkwood news release dated October 10, 2012 for details). Berkwood upgraded an access road on the property allowing for heavy vehicle access to the two main mineralized zones, necessary for proposed Bulk Sampling. Fieldwork has been ongoing at the property including channel sampling and line cutting which is intended to be followed with a possible ground geophysics program (Max-Min Electromagnetics and Magnetics). Proposed bulk samples from the zones will be prepared for metallurgical testing and to determine bulk copper and nickel grades for comparison with channel sampling grades to guide future work.
Lac Guéret East Graphite Property, Quebec:
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Berkwood’s 3186 Ha Lac Guéret East Graphite Property borders the eastern boundary of Mason Graphite’s advanced Lac Guéret Property which has a NI 43-101 compliant mineral resource estimate with measured & indicated mineral resources of approximately 7.6 million tonnes grading 20.40% Cgr. Berkwood’s Lac Guéret East Graphite Property has similar geology as that observed at Mason Graphite’s Lac Guéret Property. Berkwood commenced a phase 1 fieldwork program 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).
Cimandiri Gold Project, Sukabumi, Indonesia:
Work completed to date on Berkwood’s 100% owned Cimandiri Gold Project includes geological mapping, soil sampling, channel sampling, trenching, test pits, fluid inclusion, petrographic, rock chip sampling and Geobank database collection. Berkwood’s Indonesian Exploration Team identified a new prospect in February 2012, the Lubang Prospect; a 500 m2 area where an old, hand dug small adit was found. A grab sample in the adit returned a result of 5.4 g/t gold (see Berkwood news release dated January 31, 2012 for details). Berkwood’s 2012 soil sampling program on the Lubang Prospect, consisted of 7 soil lines at 50 metre spacing and 10 soil samples per line, at 25 metre intervals covering a total of 6.75 Ha. The soil sampling program returned anomalous gold in soil values and has expanded the reported Lubang Prospect area. The Lubang Prospect is still open to the northwest and northeast. Based on these encouraging results, the property was expanded to the South and to the East.
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.
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