July 29th, 2014 No: 14-09
Berkwood strengthens its graphite portfolio by acquiring
Lac Guéret South Graphite Property in Quebec
Berkwood Resources Ltd. (TSX-V: BKR) (the “Company” or “Berkwood”) is pleased to announce that it has signed a Mineral Property Option Agreement (the “Option Agreement”) with a group of prospectors (the “Vendors”) pursuant to which Berkwood has been granted an option (the “Option”) to earn a 100%-interest in the Lac Guéret South Graphite Property located in northeastern Quebec.
The Lac Guéret South Graphite Property (the “Property”) consists of 107 claims totalling 5788 Ha and borders the southern boundary of Mason Graphite’s Lac Guéret Project, where 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) was announced.
The Lac Guéret South Graphite Property is also adjacent to, on all sides, a separate Mason Graphite property in the Lac Guéret region, which lies 12 km to the southwest of Mason Graphite’s Lac Guéret Project.
The acquisition of the Lac Guéret South Property, in addition to Berkwood’s 100% owned Lac Guéret East Graphite Property, which is east of and contiguous with Mason Graphite’s advanced Lac Guéret Project, gives Berkwood a total of 9600 Ha in the region.
|On acceptance by the TSX Venture Exchange||$10,000||750,000 units *|
|Thirty days from TSX Venture Exchange acceptance||$10,000|
|Six months from TSX Venture Exchange acceptance||$25,000|
|Twelve months from TSX Venture Exchange acceptance||$25,000|