February 10th, 2015 No: 15-02
Berkwood's airborne geophysical survey identifies high-quality targets
at Lac Guéret South Graphite Property in northeast Quebec
Berkwood Resources Ltd. (TSX.V: BKR) ("Berkwood" or the "Company") is pleased to report excellent results of a helicopter-borne magnetic (MAG) and time-domain electromagnetic (TDEM) survey recently completed over its Lac Guéret South Graphite Property (“the Property”), in northeast Quebec.
The survey successfully identified a total of 101 electromagnetic (EM) anomalies in six conductive and prospective targets comprising conductor lineaments totalling over 13 kilometres of cumulative length along multiple flight lines.
The six conductive targets are all associated with magnetic anomalies. In the exploration context of the Lac Guéret area, where high grade graphite is the targeted mineralization and recognized to be associated with magnetic sulfides and iron formations, the six targets contain the expected magnetic and EM geophysical signature for a potential graphitic source.
Targets 1 and 2, located respectively in the western and northern part of the property, are of particular interest. Targets 1 and 2 define strong conductors ranging from 1.8 to 3 kilometres in length and up to 845 and 425 metres in width respectively. They are likely caused by repetition and thickening of conductive horizons along complex interfolded geological structures. Key results of Targets 1, 2 and 4 are presented on the appended map and on the Berkwood website.
The six conductive targets clearly warrant further attentive ground investigation. The next course of action planned is ground geophysics follow-up in the form of the PhiSpy ground TDEM system to better define the position, extent, source and the structure of the best conductive lineaments in order to prioritize planned detailed mapping, prospecting, channel sampling and drilling during 2015.
Click on the above map to view larger image.
The high-resolution geophysical survey, comprising 415 linear kilometres with a line spacing of 200 metres, was conducted by Prospectair Geosurveys Inc. of Gatineau, Quebec. The results were processed and interpreted by Joël Dubé, Engineer and senior geophysical consultant for Dubé & Desaulniers Geoscience of Ottawa, Ontario.
Brian Buchanan CEO & Director of Berkwood Resources stated “We are very pleased with these newly generated geophysical and exploration targets, which should allow us to advance exploration for graphite zones at the Lac Guéret South Graphite Property to a ready-to-drill stage during the coming year.”
Alain Berclaz, P.Geo a consultant to the Company and a Qualified Person under the definition of Canadian National Instrument 43-101, approved the technical information in this news release.
About Berkwood Resources:
Berkwood has an option to earn a 100%-interest in the 5,788 ha Lac Guéret South Graphite Property, located in northeastern Quebec. The property borders the southern boundary of Mason Graphite’s Lac Guéret Project which has a NI 43-101 compliant mineral resource estimate with measured & indicated mineral resources of 65.7 million tonnes grading 17.2% Cgr (including 9.7 million tonnes grading 31.2% Cgr)*. Berkwood also holds a 100% interest in the Lac Guéret East Graphite Property which is adjacent to the eastern boundary of Mason Graphite’s Lac Guéret Property. Berkwood’s Lac Guéret East and South Graphite Properties share a similar geological environment to Mason Graphite`s Lac Guéret Property including along strike stratigraphic units and structures.
To view details, maps and photos of Berkwood’s properties please click here.
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For additional information please contact:
Karim Sayani, Corporate Communications
Tom Steer, Corporate Development
On Behalf of Berkwood Resources
Brian Buchanan, President and Director
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 December 15, 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.
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.