September 6th, 2017, VANCOUVER, B.C. Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3 USA: CZSVF) (“Berkwood” or the “Company”) is pleased to announce that it has substantially expanded its Lac Gueret Extensions project (South & East blocks). Owing to the success of its Phase 1 drill program since commencement, the Company decided to immediately acquire more claims adjacent to and on-trend with Mason Graphite.
Berkwood has acquired a further two hundred and ninety five (295) claims in its Lac Gueret Extensions project (South & East blocks) region, to extend the previously held 3,942Ha (hectares) covered by 73 claims to a new total of 19,884Ha covered by 368 claims. The newly controlled claims were acquired by direct staking (95 claims, 5,122Ha) and by purchase of additional claims from Mr. Francois Marcotte, an experienced area prospector (200 claims, 10,820Ha). Shareholders can view the Company’s entire land position in relation to Mason Graphite and other landholders at the Company’s website, http://berkwoodresources.com/wp-content/uploads/2017/08/2017-Berkwood-Location-and-Neighbours-Map-Topo.pdf The newly acquired land parcels will be more fully described on the Company’s web site in due course.
Since the News Release of August 31st the Company has completed three further drill holes at its Lac Gueret South Graphite Project located in Quebec. To date ten drill holes, through BK1-17 to BK10-17, have been completed for a total of 1,360m drilled. Visual graphite has been intersected and confirmed in all ten to date. Drilling has now commenced on Section 3300E with BK1-11-17 established at Site #9, and is the first of six further planned holes.
Hole BK1-07-17, co-located at Site #4 (section 3200E) with BK1-08-17 and drilled -45° to north with BK1-08-17 at -50° towards the south, allowed the Company to test the concept of the host structure being antiformal, as opposed to a synformal structure as initially inferred. The 142.34m BK1-07-17 returned graphite schist intercepts, notably over 18.5 – 19.58 (1.08m), 47.85 – 56.17 (8.82m) and 104.38 – 129.03 (24.65 m). Hole BK1-08-17 (187.75m to End of Hole, “EOH”) returned graphitic intercepts from 1.94 – 14.78 (12.84m), 69.76 – 71.49 (2.23m), 90.15 – 97.10 (6.95 m), 139.42 – 177.04 (37.62m). Site #5, about 71 m south of Site #4, is the location of hole BK1-09-17 ((163.68m to EOH) drilled at -45° to the north, and returning variably graphitic intercepts at 11.1 – 18.21 (7.11m), 36.97 – 37.64 (0.67m), 66.81 – 68.75 (1.94m), 117.26 – 142.71 (25.45m) and 142.71 – 163.68 (20.97m & open).
Site #5A lies between Site #5 and planned Site #6 and is 64m south of Site #5. BK1-10-17 (154.53m to EOH) was drilled at -45° to the north and has returned graphitic intercepts over 23.25 – 24.83 (1.58m), 42.85 – 47.25 (4.4m), 60.38 – 65.25 (4.87m), 95.39 – 108.06 (9.67m) and 128.07 – 148.75 (20.68m).
Lac Gueret South is located in Cote Nord, Quebec, a three hour drive from Baie-Comeau in an area of very good infrastructure. The Project directly borders, and now surrounds, Mason Graphite’s (TSX-LLG) advanced Lac Gueret Project. Berkwood is currently drilling airborne and ground conductive anomalies at the Lac Gueret South’s Zone 1 location as part of this initial program, where two distinct electromagnetic conductors appear to occur over a two kilometer strike length. The extent of the conductors and certain historic grab samples that returned visible graphite corroborated by laboratory assays motivated the present drilling program. The Company also has well developed targets at Lac Gueret South’s Zone 2, which is located immediately south of the Mason Graphite claim boundary and along strike from the graphite zones of Mason Graphite.
To view details, maps and photos of Berkwood’s properties please click the following link: http://www.berkwoodresources.com/properties.html. The program is being undertaken subject to two current drilling permits issued by regulators in Quebec.
Edward Lyons PGeo (BC, QC, NL) is a Qualified Person under the definition of Canadian National Instrument 43-101, and has approved the technical information in this news release.
Tom Yingling, President and CEO states, “I would like to expand upon information available to shareholders regarding the Berkwood technical team: Ed Lyons (our project lead and Qualified Person) has been involved in numerous projects evolving from exploration to development stage since 1971. His strength is collaborating with mine development teams to ensure tight resource integration with development plans. Since 2000, Ed has worked extensively in industrial minerals, including graphite and iron oxide deposits in the Grenville Metamorphic Province in Quebec and Labrador. In 2000, Quinto Mining asked him to assess a potential graphite deposit near Lac Guéret. After the initial visit with another consultant, Ed spent several days prospecting areas away from the initial graphite showing located by Mr. Phil Boudrais of Sept-Isles, and located two significant graphite zones, the GR (Graphite Road) and GC (Graphite Cliff) that included numerous showings of significant crystalline graphite. Quinto then optioned the property and expanded it to cover the geology of an iron formation and associated geology with graphite. Mr. Lyons supervised field exploration between 2001 and 2005 during which period substantial graphite outcrop was exposed and sampled. Quinto’s work included multiple drill campaigns that validated the deposits at depth, after which the company turned its attention to iron deposits in the region. Ed wrote all of the NI 43-101 and Assessment Reports on the Lac Gueret Property. The property subsequently became available, and Mason Graphite Inc. acquired it and initiated a mine development drilling campaign to delineate mineral resources and reserves for mine planning. Ed acted as the independent Qualified Person for the geology and resource parts of the Pre-feasibility and Feasibility NI 43-101 reports for Mason Graphite. In addition Ed was part of the mineral resources estimate team with Roche Ltd. (Montreal, QC) for Focus Graphite’s Lac Knife Graphite Deposit south of Mont-Wright, QC, and consulted for a private investment group on Nouveau Monde Graphite’s Matawinnie Deposit near Mont-Tremblant, QC. I believe Ed’s experience in these graphite occurrences and their associated iron oxide deposits have helped Ed developed a broader understanding of what makes a successful graphite deposit. His expertise and experience within the space are unparalleled and are pivotal for the success of the company. In addition, we benefit greatly from the advisory experience of Mr. Michel Robert, Ed’s erstwhile collaborator at Quinto. Michel has 45 years of experience in mining operations with major companies, including Quebec Cartier Mining Ltd., Teck Corp., SNC, Lac Minerals (now Goldcorp), AMEC, MineroPeru, Fluor Daniel and Pan American Silver Corp., where Michel’s roles have ranged from foreman to president. He has practical experience in operation, commissioning, design, construction, finance and due diligence, and graphite experience from due diligence and start-up of the ND-du-Laus graphite mine of Asbury Graphite Ltd. (now closed), and as VP of Quinto Mining Corp. responsible for the formation of the team and management of the Lac Guéret project until the sale of the company. Michel’s 15 years of experience in Quebec for Teck Corporation, Quinto Mining Corp, Commerce Resources Ltd, and Critical Elements Corp. and his familiarity with regulations, social and physical infrastructure, government agencies and service providers at all stages of mine-life makes Michel a key contributor on our team.”
About the Company: Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon materials that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components in the new suite of innovative tools. The Company is led by a team with collectively over 100 years experience and have been involved with numerous discoveries of producing mines.
On Behalf of the Board of Directors
Berkwood Resources Ltd.
President, CEO & Director
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Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect.