Goldcore commences shipping Graphite for preparation to build a test battery

February 19th, 2021, VANCOUVER, B.C. Goldcore Resources Ltd (TSX-V: GEM, FSE: BK2P, WKN: A2QENP) (“Goldcore” or the “Company”) is pleased to announce that several tonnes of graphitic rock sample collected over the past four years from the Company’s drill programs, as well as surface trenching programs are presently in transit to Base Metallurgical Laboratories Ltd. (“Base Metallurgical” www.basemetlabs.com) to be processed to produce approximately 1,000 kg of graphite concentrate.  This material will be used to produce battery anode material for the making of test batteries.

Base Metallurgical will crush, float and clean the graphitic rock sample material from Goldcore’s Berkwood Graphite project located in Northern Quebec.  Base Metallurgical are considered one of the leading industry experts in their field and have extensive experience in the flotation concentration process. 

Michel Robert states, Base Metallurgical is well known for it’s mineral processing expertise, based on many years of industrial experience.” 

The concentrate produced by Base Metallurgical will be sent to ProGraphite to purify to 99.95% (See News Release dated August 27th, 2019), and to make spherical graphite and further to coat the graphite for application in the anode components of test batteries. 

Spheroidization of natural graphite is important in a battery as it increases the availability of conductive surface area that improves battery efficiency owing to increased graphite packing density in the anode, whilst coating the spherical graphite, slows oxidation of the graphite to extend the number of recharging cycles and the life of the battery.    

CEO Tom Yingling states: “I am very pleased to have commenced shipping of our Graphite to Base Metallurgical as it is a key step towards getting our Graphite prepared for testing in Lithium Ion Batteries.  It will also move us closer towards getting the 1,000 kgs we need in order to commence shipping 15 kg parcels of the Company’s High Grade Graphite to Lithium Ion Battery manufacturers and or other consumers of Graphite, which is one of the key steps to potentially securing an offtake agreement.” 

Qualified Person: Mr. Dave Kelsch, P.Geo. is a Qualified Person (“QP”) as defined by National Instrument 43-101 guidelines, and he has reviewed and approved the technical content of this news release.

About the Company: Goldcore Resources is managed by a team with over 150 years collectively with a proven track record of not just finding numerous mines but building and operating them too. The Goldcore management team’s most recent success is the discovery of the Berkwood Graphite resource in Northern Quebec. Goldcore owns this asset 100 percent and the Company’s shareholders will benefit from this asset as the demand for Graphite for electric vehicles increases significantly.  

On Behalf of the Board of Directors

Goldcore Resources Ltd.

‘Thomas Yingling’

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations: 
or 1-604-343-7740     

info@goldcoreresources.com     www.goldcoreresources.com

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.

Neither 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 release.

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Goldcore to produce 1000 kg of Graphite concentrate for Lithium Ion Battery Testing

February 11th , 2021, VANCOUVER, B.C. Goldcore Resources Ltd (TSX-V: GEM, FSE: BK2P, WKN: A2QENP) (“Goldcore” or the “Company”) is pleased to announce that it has engaged Base Metallurgical laboratories Ltd. (“Base Metallurgical”) to produce 1000 kg of graphite concentrate from Berkwood Project channel and drill core sample material for use in applied technical tests, and to more fully characterise the Berkwood Project graphite product. Test work will in particular focus on Lithium Ion Battery anode components. Over the past four years Goldcore has collected and stored raw graphite mineralised rock sample material from its Berkwood Graphite Project located in Northern Quebec for use in future metallurgical and application tests, and as a reference material for the Company’s stated project resource (refer NR of Aug 19th, 2019). A subsample of reference raw material will be shipped to Base Metallurgical and processed, concentrated and purified to produce up to 1,000 kg of high-grade Graphite.

Goldcore continues to receive abundant interest in further study of the Berkwood Project product from graphite users and trade experts to further demonstrate the applications to which the Company’s product will be most suited. In particular, the compelling jumbo- and large-flake size distribution that occurs naturally in the Zone 1 resource, and the ready upgrading of a concentrate of 97.8% graphite by crushing and flotation (please refer to the NR of Feb 7th, 2019, and the video at https://youtu.be/DXWCpr3G1-c ) is regarded by industry participants as being highly encouraging.

Michel Robert states, “Even when compared against a global suite of Graphite prospects, projects and mines, it is extremely rare to see graphite concentrates that are readily processed to yield both an abundance of large flakes AND high graphitic carbon grade. Berkwood’s initial Graphite process samples have, to date, delivered on both these highly desirable and therefore potentially valuable characteristics.”

The Company previously sent Berkwood Project 97.8% graphite concentrate to ProGraphite where the concentrate was readily purified to 99.95% (NR Aug 27, 2019). The near term plan is to have Base Met repeat the process with more core and channel sample material, and then to send the concerntrate to ProGraphite to purify to 99.95, make spherical graphite and coat the graphite for application in the anode components of test batteries. The Company will also use the purified product to supply a number of Battery Manufactures, and other consumers and purchasers of Graphite with test samples (commonly in 15 kg parcels) for those users to test the product for their own application-specific purpose.

CEO Tom Yingling states: “I am very pleased to have engaged Base Metallurgical Labs to process the Graphite that we have collected over the past four years to concentrate 1000kg of high-grade Graphite. Tests undertaken to date have shown excellent expandability characteristics, ready amenability for purification to 99.95% using a standard alkaline process, and that a high proportion of large flake graphite that is amenable to spheroidization is present. Being able to send 15 kg parcels of the Company’s High Grade Graphite is one of the key steps to potentially securing an offtake agreement with a Lithium Ion Battery manufacturer and or other consumers of Graphite.”

Qualified Person: Mr. Dave Kelsch, P.Geo. is a Qualified Person (“QP”) as defined by National Instrument 43-101 guidelines, and he has reviewed and approved the technical content of this news release.

About the Company: Goldcore Resources is managed by a team with over 150 years collectively with a proven track record of not just finding numerous mines but building and operating them too. The Goldcore management team’s most recent success is the discovery of the Berkwood Graphite resource in Northern Quebec. Goldcore owns this asset 100 percent and the Company’s shareholders will benefit from this asset as the demand for Graphite for electric vehicles increases significantly.

On Behalf of the Board of Directors
Goldcore Resources Ltd.

‘Thomas Yingling’

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
or 1-604-343-7740

info@goldcoreresources.com    www.goldcoreresources.com

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.

Neither 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 release.

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Goldcore to build Lithium Ion Batteries

February 4th, 2021, VANCOUVER, B.C. Goldcore Resources Ltd (TSX-V: GEM, FSE: BK2P, WKN: A2QENP) (“Goldcore” or the “Company”) is pleased to announce that ProGraphite GmbH (“ProGraphite”), one of the world’s leading graphite R&D Laboratories located in Germany, is under contract by Goldcore Resources Ltd. to build several sample Lithium Ion Batteries using graphite from the Company’s Berkwood Graphite deposit. 

In August 2019 Berkwood Graphite samples were shipped to ProGraphite and numerous tests were conducted.  ProGraphite has confirmed that Berkwood graphite is unique in that it is very high grade and course compared to generally available graphite from present world producers. Test results demonstrated its excellent qualities for various commercial uses including, expandability, and that it is easily purified to 99.95% using a standard alkaline process instead of using environmentally dangerous Hydrofluoric Acid, which is currently how the majority of the worlds battery grade graphite is purified. 

This environmentally friendly process will allow Goldcore to produce battery grade graphite using a clean energy process and reduce the carbon footprint of the purchasers of Berkwood Graphite.   Clean energy and reducing carbon footprint are first and foremost for electric vehicle battery producers.  Not only is Berkwood graphite providing a clean energy alternative to the manufacture of electric vehicles but it is being done so within North America.

Tom Yingling, President and CEO states, “I am very pleased to be one of the first North American graphite companies to actually build sample lithium Ion Batteries from its own Graphite.   As a leading specialist in Graphite, ProGraphite is one of only a few laboratories in the world that have the technology and expertise to create Goldcore’s first Lithium Ion Battery.  The world is demanding clean energy and reducing carbon footprints.  Goldcore’s graphite is unique as it has shown that it can be easily purified without using Hydrofluoric acid, which is how the majority of the worlds Graphite is purified now.  Not only is the Berkwood Graphite “Greener” it is also higher grade and courser compared to generally available graphite from present world producers.  In addition to world class Graphite Goldcore shareholders also benefit from an excellent share structure with only approximately 33 million shares outstanding.”

About the Company: Goldcore Resources is managed by a team with over 150 years collectively with a proven track record of not just finding numerous mines but building and operating them too. The Goldcore management team’s most recent success is the discovery of the Berkwood Graphite resource in Northern Quebec. Goldcore owns this asset 100 percent and the Company’s shareholders will benefit from this asset as the demand for Graphite for electric vehicles increases significantly.

On Behalf of the Board of Directors
Goldcore Resources Ltd.

‘Thomas Yingling’

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
or 1-604-343-7740

info@goldcoreresources.com     www.goldcoreresources.com

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.

Neither 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 release.

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Elon Musk stated “Our batteries should be called Nickel-Graphite, because its mostly Nickel and Graphite.”

January 12th, 2021, VANCOUVER, B.C. Goldcore Resources Ltd (TSX-V: GEM, FSE: BK2P, WKN: A2QENP) (“Goldcore” or the “Company”) looks forward to an estimated 500 percent forecasted increase in demand for Graphite as the worlds Auto manufacturing turns towards Electric Vehicles (EVs).  One of the main minerals used in Lithium Ion batteries is graphite.  In an interview with Elon Musk he confirms this point. https://www.youtube.com/watch?v=HmygPqI0-rw

Our batteries should be called Nickel-Graphite, because its mostly Nickel and Graphite.”

Elon Musk –  Tesla CEO

This projected increase in demand for graphite will bode well for graphite explorers and producers that have the correct type of graphite that makes up the anode, the negative side, in batteries. Electric vehicle batteries require very specific unique types of graphite. Goldcore has some of the highest grade and largest flake graphite in the world. Over the past five years Goldcore has completed numerous drill programs on its Berkwood graphite project, located in Northern Quebec, that has intersected graphite in every hole. Metallurgy tests have been completed and the company has some of the highest grade and largest flake graphite in the world, making the company’s graphite unique. As per the company’s news release dated Aug. 19, 2019, it has proven up a robust mineral resource of high-grade and large flake graphite.

  • 3.29 million tonnes of indicated and inferred graphite;
  • Average grade of 17 per cent indicated, 16.5 per cent inferred;
  • The company’s medium graphite averages 80 per cent large to jumbo flake;
  • Graphite easily purified to 99.95 per cent.

The majority of natural spherical graphite is produced in China, with their production levels increasing significantly over the past few years, most of which stays in China. Volkswagen, Mercedes Benz, BMW and the large American Auto manufacturers have all pledged that they will move toward replacing the traditional fossil fuel burning cars with clean energy, with electric vehicles leading the way. Many governments have mandated all new cars be electric by 2030 to 2040. Goldcore’s graphite is ideal for making spherical purified graphite, the type needed for the anode in batteries.

Not only will the demand for graphite be brought on by the large auto manufacturers for electric vehicle batteries but solar, wind farm, geothermal and other clean energies will also cause an exponential demand for graphite.

Other significant advantages Goldcore’s graphite deposit offers:

  • Mining-friendly district in Northern Quebec, Canada;
  • Road accessible;
  • Multiple at surface Graphite Mountain tops all close together;
  • Multiple at surface graphite zones not yet drilled;
  • Existing proven graphite resource only explored about 20 per cent still open in three directions;
  • Experienced management with over 150 years of collective mining experience;
  • Management has been involved in over 15 different producing mines;
  • Neighbour has been fully permitted and green lighted by first nations, local communities, government and environmental aspects to build its graphite mine.

Tom Yingling, president and chief executive officer, states: “Electric vehicle demand will cause a significant increase in all of the battery minerals. Bloomberg has forecasted the demand for graphite to increase by 500 per cent over the next several years. Goldcore has a proven resource of some of the world’s best graphite. We look forward to being part of the clean energy solution by providing world-class graphite.”

About the Company: Goldcore Resources is managed by a team with over 200 years collectively with a proven track record of not just finding numerous mines but building and operating them too.  The Goldcore management team’s most recent success is the discovery of the Berkwood Graphite resource in Northern Quebec.  Goldcore owns this asset 100 percent and the Company’s shareholders will benefit from this asset as the demand for Graphite for electric vehicles increases significantly. 

On Behalf of the Board of Directors
Goldcore Resources Ltd.

‘Thomas Yingling’

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
or 1-604-343-7740

info@goldcoreresources.com     www.goldcoreresources.com

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.

Neither 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 release.

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Goldcore to build Lithium Ion Batteries

December 29, 2020 , VANCOUVER, B.C. Goldcore Resources Ltd (TSX-V: GEM, FSE: BK2P, WKN: A2QENP) (“Goldcore” or the “Company”)   Announces that it has granted stock options to its directors, officers and consultants in the aggregate amount of 2.1 million common shares, exercisable at 11 cents for five years. The option agreements are granted according to the company’s stock option plan.

About the Company: Goldcore Resources is managed by a team with over 150 years collectively with a proven track record of not just finding numerous mines but building and operating them too. The Goldcore management team’s most recent success is the discovery of the Berkwood Graphite resource in Northern Quebec. Goldcore owns this asset 100 percent and the Company’s shareholders will benefit from this asset as the demand for Graphite for electric vehicles increases significantly.

On Behalf of the Board of Directors
Goldcore Resources Ltd.

‘Thomas Yingling’

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
or 1-604-343-7740

info@goldcoreresources.com     www.goldcoreresources.com

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.

Neither 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 release.

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Goldcore Resources Ltd. – Private Placement 1st Tranche Closes ($1,108,300 Hard Dollars)

Goldcore Resources Ltd. – Private Placement 1st Tranche Closes
($1,108,300 Hard Dollars)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

1st TRANCHE PRIVATE PLACEMENT CLOSES

Goldcore Resources Ltd. (“Goldcore” or “the Company”) (TSX-V: GEM) announces it has closed a 1st tranche of its private placement offering and has raised $1,108,300. 11,083,000 units (the “Units”) have been subscribed for at a price of $0.10 per Unit, each Unit consisting of one (1) common share and one warrant exerciseable for two years at $0.20. The term of the warrants issued may be accelerated by the Company in the event that the Company’s shares trade at or above $0.25 cents for a period of 10 consecutive days. In such case of accelerated warrants, the Company may give notice, in writing or by way of news release, to the holders that the warrants will expire 30 days from the date of providing such notice. . All securities will be subject to a four-month plus one day hold period expiring April 16, 2021.

Insiders have participated in the private placement as to 900,000 Units ($90,000). This participation constitutes a “related party transaction” within the meaning of Multilateral Instrument 61‐ 101 Protection of Minority Security Holders in Special Transactions (“MI 61‐101”), however it is exempt from the valuation and minority shareholder approval requirements of MI 61‐101 by virtue of the exemptions contained in Sections 5.5(a) and 5.7(a) of MI 61‐101, in that the fair market value of the shares purchased by the insiders does not exceed 25% of the Company’s market capitalization and the Company’s shares are listed on the TSX Venture Exchange.

The Company has agreed to pay cash commissions of $45,264, issue 136,000 compensation shares and 316,640 finder warrants.

Proceeds of the private placement will be used for working capital and continued exploration on the Company’s properties.

About the Company: Goldcore is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon the ethical mining and supply of naturally occurring elements and minerals that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components for the new suite of innovative tools. The Company is led by a team with collectively over 200 years experience and whose members have been involved with the discovery of several producing mines.

On Behalf of the Board of Directors
Goldcore Resources Ltd.

‘Thomas Yingling’

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
or 1-604-343-7740

info@goldcoreresources.com     www.goldcoreresources.com

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.

Neither 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 release.

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Goldcore changes name of Graphite Resource

November 25th, 2020, VANCOUVER, B.C. Goldcore Resources Ltd. (TSX-V: GEM, FSE: BK2P, WKN: A2QENP) (“Goldcore” or the “Company”) is pleased to announce that it has renamed its Graphite project located in Northern Quebec from the “Lac Gueret South Project” to the “Berkwood Graphite Project.”  The Berkwood Graphite Project is located in Northern Quebec and has a proven resource on it.  As per Goldcore’s news release (previously named Berkwood Resources) dated August 19th, 2019 the Company is pleased to provide the following resource estimate on the Berkwood Graphite Project.

The maiden Mineral Resource Estimate for Lac Guéret South, Zone 1, (now called Berkwood, Zone 1)  is summarized in Table 1 (with annotation). The Mineral Resource Estimate is based on drilling campaigns in 2017 and 2018 totalling 6,232.49 meters.

Table 1:  Base Case Pit-Constrained Mineral Resource Estimate at the Lac Guéret South Project1

Mineral Resource Category

Current Resource (June 2019)8

Tonnage (Mt)5,7

Grade (% Cgr)4

Cgr (t)6

Indicated

1.76

17.00

299,200

Inferred3

1.53

16.4

250,200

Notes:

  1. The mineral resources provided in this table were estimated using current Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves, Definition and Guidelines.
  2. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Additional trenching and/or drilling will be required to convert Inferred and Indicated Mineral Resources to Indicated and Measured Mineral Resources.
  3. Inferred Mineral Resources represent material that is considered too speculative to be included in economic evaluations. Additional trenching and/or drilling will be required to convert Inferred Mineral Resource to Indicated or Measured Mineral Resources/Reserves.
  4. All assays used for the Resource Estimates were performed by MS Analytical in Langley, BC with verification samples analysed at ALS-Laboratory at Burnaby, BC for graphitic carbon (“% Cg”), internal analytical code SPM-140 and GE_CSA05V respectively.
  5. Current Resource effective June 30, 2019.
  6. No recovery was applied in the calculation of tonnage of graphitic carbon (90% recovery was applied in pit optimization to define pit constrained mineral resources).
  7. The Current Mineral Resources are stated at a cut-off grade of 6.81% Cgr.

The company ProGraphite GmbH offers professional expertise and a wide range of laboratory services in natural graphite. ProGraphite’s laboratory expertise is well recognized in the industry for the determination of flake graphite qualities specific to various end uses. For more information about ProGraphite, please visit: www.pro-graphite.com

The main findings of ProGraphite are:

  • The size distribution of the flake graphite in the concentrate shows a coarse flake size, above market standard (based on the two screened samples “Berkwood 20×50” and “Berkwood 50×100”).
  • Graphitic carbon grade of the tested graphite samples is above 98% Cgr.
  • The tested material is very suitable for the production of expandable graphite. Expansion rates of 380 ml/g (H2O2 method) and 390 ml/g (KMnO4 method) have been achieved easily.
  • The carbon content obtained after a standard alkaline purification process was 99.95%.

Edward Lyons, PGeo (BC,QC,NL) states: “The results of the initial resource estimate and metallurgical testwork demonstrate that the Zone 1 deposit as tested to date has substantial resources and robust recoveries, subject to further testing. The deposit has not been closed off in the lateral extents and the several geophysical surveys suggest that the shallower mineralisation continues around the western fold hinge. The strike length has the potential to significantly increase resources with future development drilling. The Zone 2 target now in an early exploration stage, may add mineralisation as well.”

The technical data included in this release was prepared by qualified independent experts, as defined by NI 43-101 Regulation, including Claude Duplessis Eng., of GoldMinds Geoservices Inc. (resource estimation), Edward Lyons PGeo (BC, QC,NL) of Tekhne Research Inc. (senior author and most of the report), and Florent Baril, Eng. of Bumigème Inc. (mineral processing and metallurgical testing).

Berkwood Resource Ltd has finalised the independently prepared Mineral Resource Estimate technical report, in accordance with the National Instrument (NI) 43-101, detailing this important work, and the report is now filed on SEDAR at www.sedar.com .

Tom Yingling, President and CEO states, “The market and timing over the last year was not optimal for graphite and it did not give our shareholders the value they deserved. However, this is changing as the demand for graphite is coming back with governments banning fossil fuels.  (UK – 2030 , Quebec -2035 and Cal.-2035).  These changes will add to the rapidly accelerating Electric Vehicle (EV) market and will have a major impact on mineral supply chains, including graphite. 

Manufactures are starting to feel the effects from the strains on the battery minerals supply chain.   In February Audi temporarily halted the production of its electric SUV, the e-tron, citing “battery supply bottlenecks.” It reduced its production to 4,100 EV, some 1,600 short of its 2020 target. This is not an isolated case.  Jaguar, Land Rover is pausing the production of its I-Pace electric SUV as is Mercedes of its EQC due to the unavailability of certain key ingredients for batteries.

We feel vertical integration is one answer to this.   A long-term approach will be required by all the supply chains, to ensure that the supply of batteries to EVs remains at a good pace.  

We are confident that Canada and Quebec will play a large role in the up and coming supply chain of battery minerals.   In addition, new owners of EV’s will want to make sure that their cars are not made from materials coming from countries where corruption, human rights and environmental abuses are happening.” 

About the Company:  Goldcore Resources is managed by a team with over 200 years collectively with a proven track record of not just finding numerous mines but building and operating them too.  The Company has a proven resource at its 100 percent owned Berkwood Graphite Project and has recently announced that it has entered into a definitive agreement, subject to exchange approval, to acquire the “Stallion Gold and Silver Project” located next door and contiguous to Benchmark Metals, in British Columbia’s famous Golden Horseshoe region, as per the news release dated October 27th, 2020.

On Behalf of the Board of Directors

Goldcore Resources Ltd.

‘Thomas Yingling’

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations: 
or 1-604-343-7740     

 info@goldcoreresources.com     www.goldcoreresources.com

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.

Neither 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 release.

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Berkwood to roll back shares, change name effective Aug. 28

VANCOUVER, B.C. – Berkwood Resources Ltd. (TSX-V:BKR, FSE: BK2N (WKN: A2DNV4) (the “Company”) is pleased to announce that effective August 28, 2020 at market open, the Company will consolidate its common shares on the basis of one (1) new post-consolidation common share for every four (4) pre-consolidated common shares. Simultaneously with the consolidation, the Company will change its name to “Goldcore Resources Ltd.“. The Company’s common shares will begin trading on a post consolidated basis on the TSX Venture Exchange under the name “Goldcore Resources Ltd” and new symbol “GEM” on August 28, 2020.

As a result of the consolidation, the Company’s outstanding 69,781,341 common shares will be reduced to 17,445,335 common shares. No fractional shares will be issued. Any fractions of a share will be rounded to the nearest whole number of common shares. The consolidation and name change was approved by the directors and accepted by the TSX Venture Exchange.

Registered shareholders will be required to exchange their share certificates representing pre-consolidation common shares for new share certificates representing post-consolidation common shares. Registered shareholders will be sent a transmittal letter from the Company’s transfer agent, Computershare Investor Services Inc., as soon as practicable after the effective date of the consolidation. The letter of transmittal will contain instructions on how certificate(s) representing pre-consolidation shares may be surrendered to Computershare Investor Services Inc. The transfer agent will forward to each registered shareholder who has provided the required documents a new share certificate representing the number of post-consolidation common shares to which the shareholder is entitled. Until surrendered, each certificate representing pre-consolidation common shares of the Company will be deemed for all purposes to represent the number of whole post-consolidation common shares to which the holder is entitled as a result of the consolidation.

It is the opinion of the Board of Directors of the Company the consolidation will facilitate new equity investments in the Company.

For more information contact Thomas Yingling at 604-343-7740.

On Behalf of the Board of Directors

President, CEO & Director

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.

Neither 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 release.

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Berkwood Proposes to Consolidate its Share Capital and to Change Name

August 4, 2020, VANCOUVER, B.C. – Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2N (WKN: A2DNV4) (the “Company”) advises that it will be immediately filing for, and seeking approval of, documents relating to the consolidation of the Company’s issued and outstanding share capital with the TSX Venture Exchange.  The intended consolidation will be on a basis of one post-consolidation common share for every four (4) pre-consolidation common shares.  This consolidation will reduce the issued and outstanding shares of the Company from 69,781,341 to 17,445,335 shares, assuming no other change in the issued capital.  The Company’s outstanding options and warrants will also be adjusted on the same basis (1 new for 4 old) as the common shares, with proportionate adjustments being made to exercise prices.  No fractional common shares will be issued, and no cash will be paid in lieu of fractional post-consolidation common shares.  All fractional shares equal or greater to one-half resulting from the consolidation will be rounded to the next whole number.  A letter of transmittal will be mailed to shareholders advising that: (i) the consolidation has taken effect; and (ii) shareholders should surrender their existing share certificates (representing pre-consolidation common shares) for replacement share certificates (representing post-consolidation common shares).  Until surrendered, each existing share certificate will be deemed, for all purposes, to represent the number of common shares to which the holder thereof is entitled as a result of the consolidation.

Simultaneously with the consolidation, the Company intends to change its name to “Goldcore Resources Ltd.”. The effective date of the consolidation, name change and new trading symbol will be disclosed in a subsequent news release.    Notwithstanding the foregoing, the board of directors may, at its discretion, determine not to effect the consolidation or change of name.

The board of directors believes that the proposed share consolidation and change of name is necessary to facilitate new equity investments in the Company, to finance continuing business activities and to investigate new opportunities.  The Company’s articles of incorporation authorize the board of directors to approve certain changes to the Company’s capital structure, including the consolidation and change of name.  As such, shareholder approval is not required.  The consolidation and change of name is subject to the approval by the TSX Venture Exchange. 

The Company also announces that it will not be proceeding with the stock option grants as announced July 24, 2020.

For more information on Berkwood Resources Ltd., review the website at http://berkwoodresources.com/, contact Thomas Yingling at 604-343-7740  or email: yinglingtom@gmail.com

About the Company: Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon the ethical mining and supply of naturally occurring elements and minerals that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components for the new suite of innovative tools. The Company is led by a team with collectively over 200 years experience and whose members have been involved with the discovery of several producing mines.

On Behalf of the Board of Directors
Berkwood Resources Ltd.

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
info@berkwoodresources.com or 1-604-343-7740 www.berkwoodresources.com

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.

Neither 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 release.

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Private Placement Closes

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

January 8, 2020 VANCOUVER, B.C. – Further to the Company’s press release dated November 7, 2019, December 13, 2019 and December 30, 2019, Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2N (WKN: A2DNV4) (“Berkwood” or the “Company”) announces that it has closed its private placement offering. 5,172,000 units (the “Units”) have been subscribed for at a price of $0.025 per Unit for gross proceeds of $129,300. Each Unit consists of one (1) common share and one common share purchase warrant (“Warrant”). Each full warrant entitles the holder to acquire one (1) common share at a price of $0.05 per share for a period of 24 months.

The Company intends to use the $129,300 working capital as follows (1) $3,233 regulatory fees; (2) $14,546 office rent; (3) $9,698 business development; (4) $5,010 advertising; (5) $12,930 travel; (6) $12,930 marketing; (7) $5,172 shareholder communication; (8) $14,546 administration; (9) $1,940 transfer agent fees; (10) $7,272 legal; (11) $25,860 management fees; (12) $6,465 investor and shareholder relations; (13) $9,698 audit. While the Company intends to spend the net proceeds from the offering as stated above, there may be circumstances where, for sound business reasons, funds may be reallocated at the discretion of the Board.

The Company has agreed to pay a commission of 10% cash and 10% warrants. The terms of the warrants will have the same terms as the investors.

The securities will have a hold period expiring May 10, 2020. The issuance the issuance of the securities and the finder’s fees are subject to the final approval of the TSX Venture Exchange.

About the Company:  Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon the ethical mining and supply of naturally occurring elements and minerals that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components for the new suite of innovative tools.  The Company is led by a team with collectively over 200 years experience and whose members have been involved with the discovery of several producing mines.

On Behalf of the Board of Directors
Berkwood Resources Ltd.

Thomas Yingling,
President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations: 
info@berkwoodresources.com or 1-604-343-7740     www.berkwoodresources.com

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.

Neither 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 release.

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Flow-Through Private Placement Closes

December 30, 2019 VANCOUVER, B.C. – Further to the Company’s press release dated November 7, 2019 and December 13, 2019, Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2N (WKN: A2DNV4) (“Berkwood” or the “Company”) announces that it has closed its flow-through offering.  1,000,000 flow through units (“FT Units”) have been subscribed for at a price of $0.03 per FT Unit for gross proceeds of up to $30,000.  Each FT Unit consists of one (1) flow-through common share and one common share purchase warrant (“Warrant”).  Each full warrant entitles the holder to acquire one (1) common share at a price of $0.05 per share for a period of 24 months.  

The gross proceeds from the issuance of the FT Units will be used for Canadian exploration expenses and will qualify as flow-through mining expenditures, as defined in Subsection 127(9) of the Income Tax Act (Canada), which will be renounced to the subscribers with an effective date no later than Dec. 31, 2019 to the initial purchasers of the offered securities in an aggregate amount not less than the gross proceeds raised from the issue of the flow-through shares, as applicable, and, if the qualifying expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each FT  subscriber for any additional taxes payable by such subscriber as a result of the Company’s failure to renounce the qualifying expenditures as agreed.

The Company intends to use the FT proceeds from the private placement for exploration on its Lac Gueret Property, Quebec.

The Company has agreed to pay a commission to EMD Financial Inc. of Montreal, Quebec 160,000 common shares and warrants to purchase up to 40,000 common shares.

The securities will have a hold period expiring April 2, 2020.  The issuance the issuance of the securities and the finder’s fees are subject to the final approval of the TSX Venture Exchange.  

Additional Offering – Unit 

The Company will close its unit offering in the next few days.  Up to 16,000,000 common share units (“units”) of the Company will be offered at a price of $0.025 per unit to raise gross proceeds of up to $400,000.   Each unit will consist of one (1) common share and one common share purchase warrant (“Warrant”).  Each full warrant shall entitle the holder to acquire one (1) common share at a price of $0.05 for a period of 24 months.  

About the Company:  Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon the ethical mining and supply of naturally occurring elements and minerals that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components for the new suite of innovative tools.  The Company is led by a team with collectively over 200 years experience and whose members have been involved with the discovery of several producing mines.

On Behalf of the Board of Directors

Berkwood Resources Ltd.

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations: 
info@berkwoodresources.com or 1-604-343-7740     www.berkwoodresources.com

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.

Neither 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 release.

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Berkwood and the Carbon6 Group enter into an Offtake agreement

News Release Video: https://youtu.be/sYDJzGHhbuM

November 26, 2019, VANCOUVER, B.C. – Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2N, WKN: A2DNV4) (“Berkwood” or the “Company”) is pleased to announce that it has entered into an offtake agreement and Memorandum of Understanding (“MOU”) with the Carbon6 Group of Companies (“C6”) of Toronto, ON to advance the Company’s Lac Guéret South and Lac Guéret Extensions projects with a view to securing evaluation and development funding, and long term product client arrangements.

C6 was attracted to Berkwood’s graphite because of its high grade and high percentage of large and jumbo size flakes, which is unique compared to most graphite deposits.

The offtake agreement is for up to 20,000 tonnes a year and is subject to C6’s positive analysis of Berkwood’s Graphite as well as Berkwood securing funding for development and subsequent start up of a graphite mine. Berkwood is currently developing its Lac Guéret Extension property, which host a graphite showing that include 1.76 million tons grading 17.00% Cg in the Indicated category and also 1.53 million tons grading 16.40% in the inferred category. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred Mineral Resources represent material that is considered too speculative to be included in economic evaluations. Additional trenching and/or drilling will be required to convert Inferred and Indicated Mineral Resource to Indicated or Measured Mineral Resources/Reserves.

The Carbon6 Group of Companies (“C6”) comprises specialized carbon commodity entities that lead investment in the material ownership of assets and trading relationships with graphite commodity purchasers through strategic supply agreements, royalty streams, asset acquisitions and industry joint ventures. The MOU provides for a non-exclusive relationship wherein C6 takes a long-term view of Berkwood’s development in anticipation of meeting its rapidly growing customer demand through an offtake agreement with Berkwood, the structure of which will be advanced following a product analysis and testing program to be initiated immediately by C6.

The product analysis and testing program will focus on characterisation of project products, at C6 cost, to profile preliminary Lac Guéret products against C6’s customer/feedstock requirements. The preliminary ‘graphite qualification’ characterisation work and initial report from C6 to Berkwood is anticipated to be available in less than three months.

C6 will also engage with Berkwood to seek and secure evaluation and development funding through graphite sector investors known to C6. In the event of successful financing from introductions and structuring arrangements led by C6, the Company will pay to C6 certain finders fees for funds raised through C6 subject to TSX Policy 5.1, to a maximum of 5%. Finder’s fees are payable subject to Exchange approval.

Thomas Yingling, CEO commented: “Our offtake agreement and MOU with C6 adds depth to the Berkwood Lac Guéret Extensions evaluation initiative and our emerging plans to fund our development studies for Lac Guéret South. We look forward to working with C6 to further characterise the potential products from Lac Guéret South, and to extend our relationships in the graphite trade community.”  

Paul Gorman, Director and Managing Partner of C6 commented on the new relationship stating: “the Lac Gueret South graphite deposit is a project that has high quality flake material in a mining friendly jurisdiction which will serve our North American hi tech customers extremely well once in production. Working with Tom and his team on securing development funding while we showcase his natural flake material through strategic qualification and sampling programs will position Berkwood as a leader in the critical elements and chemistry space and assist C6 in satisfying the growing global need for high purity natural graphite.”

Qualified Person: Steven Lauzier, P.Geo. OGQ1430, a Qualified Person as defined by National Instrument 43-101 guidelines, has reviewed and approved the technical content of this news release.

About the Company:  Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon the ethical mining and supply of naturally occurring elements and minerals that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components for the new suite of innovative tools.  The Company is led by a team with collectively over 200 years experience and whose members have been involved with the discovery of several producing mines.

On Behalf of the Board of Directors
Berkwood Resources Ltd.

Thomas Yingling’

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations: 
info@berkwoodresources.com or 1-604-343-7740     www.berkwoodresources.com

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.

Neither 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 release.

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Berkwood Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

November 7, 2019, VANCOUVER, B.C. – Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2N (WKN: A2DNV4) (“Berkwood” or the “Company”) announce that as a result of current market conditions, the Company will be making an application to the TSX Venture Exchange (the “Exchange”) for a waiver to the private placement price as the proposed subscription price is below the minimum allowed pursuant to the policies. The Company intends to offer a combination of units and flow through units for gross proceeds of up to $800,000. Up to 16,000,000 common share units (“units”) of the Company will be offered at a price of $0.025 per unit to raise gross proceeds of up to $400,000. Each unit will consist of one (1) common share and one common share purchase warrant (“Warrant”). Each full warrant shall entitle the holder to acquire one (1) common share at a price of $0.05 for a period of 24 months. Up to 13,333,334 flow through units (“FT Units”) will be offered at a price of $0.03 per FT Unit for gross proceeds of up to $400,000. Each FT Unit will consist of one (1) flow-through common share and one common share purchase warrant (“Warrant”). Each full warrant shall entitle the holder to acquire one (1) common share at a price of $0.05 per share for a period of 24 months.

The gross proceeds from the issuance of the FT Units will be used for Canadian exploration expenses and will qualify as flow-through mining expenditures, as defined in Subsection 127(9) of the Income Tax Act (Canada), which will be renounced to the subscribers with an effective date no later than Dec. 31, 2019, to the initial purchasers of the offered securities in an aggregate amount not less than the gross proceeds raised from the issue of the flow-through shares, as applicable, and, if the qualifying expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each FT subscriber for any additional taxes payable by such subscriber as a result of the Company’s failure to renounce the qualifying expenditures as agreed.

The Company intends to use the $400,000 FT proceeds from the private placement for exploration on its Lac Gueret Property, Quebec and $400,000 working capital will be allocated as follows (1) $10,000 regulatory fees; (2) $45,000 office rent; (3) $30,000 business development; (4) $15,500 advertising; (5) $40,000 travel; (6) $40,000 marketing; (7) $16,000 shareholder communication; (8) $45,000 administration; (9) $6,000 transfer agent fees; (10) $15,000 legal; (11) $80,000 management fees; (12) $20,000 investor and shareholder relations; (13) $30,000 audit; and (14) $7,500 unallocated/miscellaneous. While the Company intends to spend the net proceeds from the offering as stated above, there may be circumstances where, for sound business reasons, funds may be reallocated at the discretion of the Board.

The Company may pay commissions in accordance with the policies of the TSX-V.

The closing of the private placement, the issuance of the securities and the finder’s fees are subject to the approval of the TSX Venture Exchange.

About the Company: Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon the ethical mining and supply of naturally occurring elements and minerals that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components for the new suite of innovative tools. The Company is led by a team with collectively over 200 years experience and whose members have been involved with the discovery of several producing mines.

On Behalf of the Board of Directors
Berkwood Resources Ltd.

Signed: “Thomas Yingling”

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:

info@berkwoodresources.com or 1-604-343-7740 www.berkwoodresources.com

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.

Neither 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 release.

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Berkwood Retracts Disclosure Made by a Paid Service

November 4th, 2019, VANCOUVER, B.C. Berkwood Resources Ltd. (TSX-V: BKR,FSE: BK2, WKN: A110N3) (“Berkwood” or the “Company”)wishes to notice a retraction of certain statements disseminated via a written article selectively disclosed via a paid content service retained by the Company, primarily for the creation of video content. The retraction is made in relation to a piece written by Mr. Alistair Ford: because Berkwood is a paid client of the content service provider, the disclosure does not comply with the requirements of NI 43-101. Specifically, the disclosure of an implied economic analysis in the absence of a filed PEA, PFS or FS that supports the representations with respect to the economic viability or technical feasibility of the project is proscribed.

The Company wished to specifically retract the following statements written by Mr. Ford, and quoting certain verbal statement by Berkwood, including that:

  • the Company’s project is adjacent to Mason Graphite Inc (CVE:LLG), a company which has one of the largest graphite deposits in the world with 56.134mlntonnes of resource at 16.30% graphite that contains 9.478mlntonnes of graphite and a reserve of 4.714mlntonnes of ore that contains 1.317mlntonnes of contained graphite, and that the premise of the Berkwood play is that graphite continues from the LLG property onto Berkwood ground;
  • that the Company has identified a NI 43-101 resource of 550,000 tonnes of contained graphite (correct), but with 70% to 80% showing up as premium quality large-size flakes that sells for $1,500 a ton on average;
  • simple math of taking 550,000 contained tonnes timesUS$1500 per tonne at a conservative 25% profit margin gives you a potential profit of more than C$200 million as a rough indicator, and that Berkwood has only drilled 20% of the prospect;
  • recent samples and trenching taken about half a kilometre away from this area have returned extremely encouraging graphite grades (correct and previously released), which indicates that the entire geophysical anomaly that the company is working on is likely to be mineralised with graphite, and high grade too (retracted);
  • the graphite outcrops are all at surface, which is ideal from an economic perspective;
  • it will take Berkwood between C$8mln and C$12mln to take the project through a bankable feasibility study and on to a decision to build and produce commercial graphite; and
  • the company will need to add to the resource, by increasing shallow depth pits with coarse flake for the highest profit margin possible.

The above statements as disseminated via the service paid for by Berkwood are retracted without reservation.

About the Company: Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon the ethical mining and supply of naturally occurring elements and minerals that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components for the new suite of innovative tools. The Company is led by a team with collectively over 200 years experience and whose members have been involved with the discovery of several producing mines.

On Behalf of the Board of Directors
Berkwood Resources Ltd.

‘Thomas Yingling’

President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
info@berkwoodresources.com   or 1-604-343-7740   www.berkwoodresources.com

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.

Neither 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 release.

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Berkwood Surface Sampling at Lac Guéret Extensions Graphite Property returns numerous graphite samples, including grab samples up to 55.8% Cg and channel samples up to 32.12% Cg over 7m

October 1st, 2019, VANCOUVER, B.C. Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) (“Berkwood” or the “Company”) is pleased to announce that it has received assay results for samples from a recently completed sampling and Beep Mat prospecting program (refer NR of 11th September, 2019). The program targeted dispersed locations over shallow conductive and surface outcrop features at seven selected Zones of the Company’s Lac Guéret Extensions Property (“the Property”), located around its Lac Guéret South Graphite Project in Quebec, where a resource calculation was recently filed (see NR of 19th August, 2019). Results justify high-priority further work at five of the seven targeted showings.

The assay results represent samples from sixty four (64) one-meter channel samples collected from seven sawn channels at Zone 6, and 55 grab samples collected at Zones 1, 3, 4, 5, 6, 7 and 9. Although multiple grabs and blocks of interest are found in the different zones, Zone 6 showed the most potential as multiple channels sampled from the same area show high grade mineralization. Grab samples are selective in nature and are not representative of the mineralization hosted on the Property. Notable results are listed in Table 1.

Table 1: Best results from the completed work program.

ZoneResult Summary (% Cg, graphitic carbon)
 Grab and Float SamplesChannel Samples
128.80N/A
35.78N/A
44.03N/A
520.02N/A
655.80; 38.30 and 30.3032.12 over 7m, including 39.95 over 5m;
32.83 over 5m;
32.02 over 5m
70.39N/A
927.80N/A

Mr Thomas Yingling, CEO, stated: “We are elated at the results returned by the initial grab and channel sampling from Zone 6: these data justify a trench and drill program at Zone 6, which is now a very strong candidate for inclusion in our hub and spoke graphite production model. Results from four other Zones also motivate for mechanical trenching, and the Zone 1 result confirms our thesis that there remains substantial potential along strike upside at the Zone 1 resource location of at least 500m.”

Berkwood’s Lac Guéret Extensions target Zones (see figure 1) were previously identified from historic records of surface graphite exposures, samples taken by prior workers, and near surface conductor data collected using Beep Mat (refer NR of 24th July, 2019). Based upon the recently completed pit-constrained mineral resource at its Lac Guéret South Project (refer NR of August 19th, 2019), the Company has determined that a long-term graphite exploration strategy is best served by evaluating multiple proximally located graphite showings to include them in a future resource calculation and economic study.

Figure 1. Target Zones on the Lac Guéret Extensions Property

The recent exploration program accessed the first round of targets using existing roads and forest trails. The work was led by Quebec based teams. Channel sampling and prospecting work were supervised by David Fafard P.Geo OGQ1814 and Steven Lauzier, P.Geo OGQ1430.

The Zone 1 outcrop sample was collected 500m NE of the Zone 1 drilling location, coincident with an area recommended for further work following the 2018 Mise à la Masse survey (refer NRs of 24th October, 2018, and 14th December, 2018). The graphitic outcrop indicates good potential to further extend the mineralization of the Zone 1 graphite body toward NE.

The Zone 3 sampling targeted an historic conductor suggestive of a broadly folded graphitic unit, and historic drilling that reported 22m @ 20.1% Cg from 4.4m depth downhole. The 2019 campaign confirmed graphite in the area and the Zone remains a mechanical trenching target for the Company.

The Zone 4 sampling was unsuccessful in locating the prime target under surficial cover, though a mineralized float sample was found and assayed.

The Zone 5 prospecting effort located historically reported outcrop, where Cg above 20% was reported. Further outcrop was not located and the zone is targeted for mechanical trenching. The Company was successful in duplicating the historical result in a grab sample that assayed 20.02% Cg.

The Zone 6 was generated from a distinct airborne electromagnetic conductor that appears to extend for over three kilometers, and appears folded at its southernmost extent (as seen in figure 2). Sampling has focussed on the southern end of the feature (6 channels sampled) and an area near the northern extent of the anomaly (2 channels sampled). The two locations are accessible and have shallow cover which will ease future stripping of outcrops.

The channel results on Zone 6 comprise 64 samples collected from saw-cut channel taken approximately perpendicular to the strike of the local schistosity and cleared surfaces located by Beep Mat. The samples comprise the results for eight (8) cut channels, with each sample comprising a 1m interval along each channel. Channels range from 2m to 22m in length. The Cg results range from 0.025% to 42.7% Cg and are shown in Figure 2. Table 2 reflects the best intersection for each channel. A channel sample (BKZ6-19- CH5) was cut at the hinge zone and following further inspection was found to be at a low angle to the graphite layering in the paragneiss. The Company considers this channel as a succession of grab samples taken along the strike of the mineralization which assayed up to 24.7% Cg. The best grab sample at Zone 6 assayed 55.80% Cg. Additional mechanical trenching and drilling at Zone 6 is supported by the results obtained from this 2019 summer program. Figures 2 and 3 illustrate the channel locations and the channel results.

Table 2: Channel Sample Summary Table.

ChannelLength
(m)
Lowest Value
(% Cg)
Highest Value
(% Cg)
Best Intersection (% Cg)
BKZ6-19-CH0176.142.732.12% over 7m
BKZ6-19-CH0256.036.732.83% over 5m
BKZ6-19-CH03220.039.632.02 % over 5m
BKZ6-19-CH0450.013.011.8 % over 3m
BKZ6-19-CH05150.824.7Parallel to strike
BKZ6-19-CH0660.116.311.01 % over 3m
BKZ6-19-CH0726.56.86.69 % over 2 m
BKZ6-19-CH0840.32.91.61 % over 4m
Total66   

Figure 2. Channel Locations at Zone 6

Figure 3. Graphite Content (% Cg) of the Zone 6 Channel Samples

At Zone 7 only a float sample was recovered with poor graphite content, although an historic ‘paragneiss with graphite’ is reported. Zone 7 is not slated for further near-term exploration.

Zone 9 prospecting verified the existence of historic trenching and additional graphitic outcrop was cleared following Beep Mat detection of shallow conductors. Historic trench samples returned in excess of 25% Cg, a result confirmed by the Company with a sample up to 27.8% Cg. The Zone 9 anomaly is scheduled for high priority mechanical trenching.

QA/QC: All samples were submitted to Activation Laboratories of Ancaster, Ontario, a certified laboratory. Following reception, the samples were prepared using crushing and sieving, and were then analysed using method 4F-C-Graphitic (multistage furnace treatment and infrared absorption). Two blank assays were inserted by Activation Laboratories while the Company also included 4 channel sample duplicates.

Qualified Person: Steven Lauzier, P.Geo. OGQ1430 is the Qualified Person as defined by National Instrument 43-101 guidelines, has reviewed and approved the technical content of this news release.

About the Company: Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon the ethical mining and supply of naturally occurring elements and minerals that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components for the new suite of innovative tools. The Company is led by a team with collectively over 100 years experience and whose members have been involved with the discovery of several producing mines.

On Behalf of the Board of Directors
Berkwood Resources Ltd. ‘Thomas Yingling’ President, CEO & Director

FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
info@berkwoodresources.com or 1-778-945-2935 www.berkwoodresources.com

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.

Neither 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 release.

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