Berkwood commences Phase 4 drilling at the Lac Guéret South Graphite Project.
Suite 3204 – 610 Granville Street
Vancouver B.C. V6C 3T3
Phone: (604) 343-7740
email: [email protected]
Website: www.berkwoodresources.com
Berkwood commences Phase 4 drilling at the Lac Guéret South Graphite
Project.
December 7th, 2018, VANCOUVER, B.C. Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2,
WKN: A110N3) (“Berkwood” or the “Company”) is pleased to announce that it has mobilized its Phase
4 definition drilling program on Zone 1 at the Company's 100% owned Lac Guéret South Project. T he
Program is designed to extend eastward, and to infill drill portions of, the current mineralization model.
The present model was developed from data in drill program Phases 1 through 3, including an initial
structural model based on oriented core logged geology in early 2018, and has been refined by the Mise-Á-
La-Masse (“MALM”) geophysical program models derived from the ground survey conducted in the fall
of 2018 (refer NR of October 24th, 2018).
Prior to the commencement of the current Phase 4 program, the Company has drilled 27 holes on Zone 1
that totals 4,006m of drilling: the Phase 4 program continues to rely upon the oriented core techniques
developed in Phase 2, and is intended to comprise upward of 2,000m of core drilling aimed at develop ing
our knowledge of the mineralization to a point sufficient to support the development of a preliminary
mineral resource estimate.
“The carefully staged approach to improving our mineral occurrence knowledge at the P roject continues
with each successive Phase to build on the great results we have enjoyed since discovery, ” states Tom
Yingling, President and CEO. “Critically, the Phase 4 campaign is intended to allow the learning from our
initial metallurgical tests to be integrated with our deposit model and MALM data to drill with the purpose
of assembling sufficient information for the preparation of a preliminary resource statement: we remain
thrilled with our steady, cost effective progress toward this next critical milestone”.
The Phase 4 drill progr am is supported by QC -based drilling and project management companies, and
project and camp support personnel from the Project area. The drill program is being updat ed with near-
real time interactive updates to the geology, structure , and mineralization model by frequent data
transmission to Tony Gilman of Terrane Geosciences (structural modeling) and Michael Waldegger of
MFW Geosciences (resource estimate), to ensure that the Phase 4 work informs real time model evolution
and maximises the effectiveness of drill targeting.
Sawn core samples from Phase 4 drilling will be shipped to MS Analytical Laboratories in Langley, BC for
the same analytical procedures applied to the samples from previous programs.
Lac Gueret South, Zone 1
Lac Gueret South is located in Cote Nord, eastern Quebec, a three-hour drive north from Baie-Comeau in
an area with very good infrastructure. The Project lies directly south of Mason Graphite's (TSX -LLG)
advanced Lac Gueret Project. Mason is developing one of the largest medium - to high -grade graphite
deposits in the world.
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The project comprises 288 Claims which cover a total area of 15,552 hectares. Prior to commencement of
the current Phase 4 campaign, the Company has drilled 27 holes on Zone 1 that totals 4,006m. The Company
is pleased to announce it has intersected visual Graphite in every hole drilled to date. Success in these drill
programs confirms that a significant component of the distinct electromagnetic conductors that occur over
a two kilometer strike length and 50 meters to 600 meters in widt h as defined by airborne EM geophysics
(see the Berkwood news release dated February 10, 2015) that includes graphite mineralization.
To view virtual reality video from earlier drill programs and to view the geological model as visualised
following the completion of the Phase 3 drill program, please follow the link at the bottom of our home
page http://www.berkwoodresources.com and to view project pictures please visit :
https://berkwoodresources.com/projects/lac-gueret-extensions-graphite-project-quebec-canada/ .
Edward Lyons PGeo (BC, QC, NL ) is a Qualified Person under the definition of Canadian Na tional
Instrument 43-101, and he has approved the technical information in this news release. Ed has worked
extensively on the Lac Gueret Property, now owned by Mason, and neighbouring graphite properties since
2000.
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. The Company is particularly
pleased to have partnered with QC -focussed entities for the financial support of the Lac Guéret South
Project.
On Behalf of the Board of Directors
Berkwood Resources Ltd.
‘Thomas Yingling’
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
[email protected] 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 (“Exchange”) nor its Regulation Services Provider (as that term is define d in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.