September 3rd, 2014 No: 14-10
Berkwood Extends Discovery Trend and Finds
New Zone at Prospect Valley Gold Property
Berkwood Resources Ltd. (TSX-V: BKR) (the “Company” or “Berkwood”) is pleased to announce that field crews have outlined a new anomalous geophysical zone and found indications of new epithermal mineralization during a recently completed ground magnetics program on its 100% owned Prospect Valley Gold Property located 30 kilometers southwest of Merritt, British Columbia.
The majority of historical drilling on the Prospect Valley property has taken place in the centre of the claim block, along the Discovery Trend. This drilling outlined an extensive low grade epithermal gold system with indications of potential for additional and higher grade mineralization, and it remains open for expansion (see Berkwood news release dated January 25, 2012 for details). Results of the recent ground magnetics geophysical survey suggest that the Discovery Trend continues a further 1200m to the south of the previous work into an area that is largely hidden by overburden cover. The geophysical program consisted of 21 lines varying in lengths of 700 meters to 900 meters and was surveyed with readings taken along the lines at 12.5 meter stations.
Prospecting was carried out concurrently with the geophysical survey and despite the extensive overburden cover, an area of scattered epithermal-textured quartz-chalcedony veins was discovered in bedrock and overburden boulders along this new geophysical trend. This new area has been named the QCA Zone. Assays from initial samples collected are pending.
Berkwood has planned a program of geological mapping, hand trenching and sampling in the new QCA Zoneto delineate the zone on surface, as well as additional ground magnetics surveying to infill and extend the current geophysical grid.
This Berkwood News Release contains 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. The Mason Graphite NI 43-101 mineral resource estimate was sourced from the Mason Graphite news release dated July 29, 2014. The Qualified Person has been unable to verify the information contained within the Mason Graphite news release and the mineralization on the Mason Graphite property is not necessarily indicative of the mineralization on the Company’s property.