April 20th, 2016
No: 16-04 TSX-V SYMBOL: BKR
Berkwood Resources Ltd. (TSX-V: BKR) ("Berkwood" or the "Company") is pleased to announce that it has received analytical results from grab samples taken from the Zone 1 and Zone 1 geophysical anomaly areas on the Lac Gueret South Graphite Project in Quebec. These large anomaly areas are almost entirely hidden under muskeg and soil with only rare outcrops of bedrock sticking out of the muskeg in their vicinities. A total of 11 rock grab samples were collected in the vicinity of the Zone 1 anomaly and returned analyses averaging 4.99% Cgr (Carbon as Graphite) within a range of 0.04% Cgr to 36.3% Cgr. Only one bedrock sample was found and collected in the vicinity of the Zone 2 anomaly which returned an analysis of 0.49% Cgr.
The presence of significant values of Carbon as Graphite found in the vicinity of these mainly hidden large geophysical anomalies is interpreted to indicate that the anomalies are probably large graphite zones. Further exploration in the form of trenching and drilling is planned, subject to financing, for the Lac Gueret South Graphite Project on the Zones 1 and 2 anomalies in order to evaluate the size, continuity, quantity and quality of the graphite mineralization.
The rock grab samples were collected during the geophysics survey which defined the Zone 1 and Zone 2 anomalies on the ground (see Berkwood news release dated January 12, 2016 for details). Zone 1 is characterized by two individual electromagnetic anomaly limbs over a two kilometer length and 50 meters to 600 meters width as defined by earlier airborne geophysics (see Berkwood news release dated February 10, 2015). The western part of this zone was better delineated with four VLF-EM and 22 PhiSpy ground geophysical anomalies over an apparent 800 meters length and up to a 300 meters width. This western area is interpreted as a potential bulk graphite zone interlayered within the hinge of a complex fold. The limbs thin to 50 meters in width further to the east.
Zone 2 lies immediately south of the Mason Graphite claim boundary and along strike from the graphite zones of Mason Graphite, which are being readied for production (see below for details). A total of two VLF-EM and 15 PhiSpy ground geophysical anomalies confirm the occurrence of two parallel east-west anomaly limbs with the main anomaly limb measuring one kilometer in length and 60 meters in width.
Resignation of Director
Berkwood announces that Brian Hall has resigned from the Board of Directors. The Company thanks Mr. Hall for his years of service and wishes him good fortune in his future pursuits. Berkwood is now searching for a suitable replacement who can help the Company in its search for new business ventures.
Berkwood has an option to earn a 100%-interest in the 5,788 ha Lac Guéret South Graphite Property, which borders the southern boundary of Mason Graphite’s Lac Guéret Graphite Project. A NI 43-101 compliant mineral resource estimate for Mason Graphite’s Lac Gueret property indicates a measured & indicated mineral resource of 65.7 million tonnes grading 17.2% Cgr (Carbon as Graphite), which includes a higher grade resource of 9.7 million tonnes grading 31.2% Cgr*. Berkwood’s rational for exploring its Lac Guéret South Graphite Project is to find similar graphite mineralization to that of Mason Graphite.
To view details, maps and photos of Berkwood’s properties please click the following link: http://www.berkwoodresources.com/properties.html.
George Gorzynski, P.Eng., CEO and a Director of the Company, and a Qualified Person under the definition of Canadian National Instrument 43-101, approved the technical information in this news release. The Cgr analyses were carried out and certified by AGAT Laboratories of Mississauga, Ontario using a LECO furnace and an infrared detector.
On behalf of Berkwood Resources Ltd.
George Gorzynski, CEO & Director
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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.
*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.