Berkwood plans a Surface Sampling program at its Lac Gueret Graphite Project mineralised extensions.
2200 – 1250 Rene Levesque Blvd. Montreal QC H3B 4W8
Phone: (438) 469-0705
2410 – 610 Granville Street Vancouver BC V6C 3T3
Phone: (604) 343-7740
EMail: [email protected]
Website: www.berkwoodresources.com
Berkwood plans a Surface Sampling program at its Lac Gueret Graphite
Project mineralised extensions.
July 9th, 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 planned for mobilization of
field crews extension projects, located adjacent to its Lac Gueret South Graphite Project located in Quebec
for the immediate collection of surface gr aphite exposure samples, and for the collection of near surface
conductor distribution data by beep-mat. The Company has determined that a long-term graphite production
strategy is best served by evaluating multiple proximally located podiform graphite dep osits (comparable
to its centrally located Zone 1 project) to feed a future, centrally located processing facility. The model is
amenable to graphite production from multiple shallow , low strip ratio open pit mining locations
surrounding the Company’s existing project.
To advance the current project model the Company has, in the context of resource learning acquired from
the evaluation of its drilled Zone 1 occurrence, further assessed the historic sampling of known graphite
exposure on ground currently held. The review has isolated a number of high priority targets, some of which
have returned high grade samples during previous workers. The presently planned sampling campaign will
target five identified areas (including the eastern extension of Zone 1).
The sampling and shallow geochemistry program will focus on five (5) high priority locations where
previous workers have previously reported multiple high -grade samples at surface. The five target zones
will be prospected , sampled and surveyed on the strength of historic sampling exercises, airborne
geophysical anomalies (2003 regional GeoTEM time domain EM data, locally a 2014 TDEM survey flown
by the Company, and 2012 airborne magnetics flown by government entities respectively), ease of access
and proximity to the core Zone 1 project.
The planned program will access the projects using existing roads and forest trails but will not include
further access development as part of the present program. Preparations for mobilization are presently being
expedited, and mobilization will be affected mid-July.
Lac Gueret South Property, Quebec
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 Mason Graphite’s (TSX -LLG) advanced Lac Gueret
Project to the South. With a market capitalisation o f over $250 million Mason owns one of the largest
high-grade graphite deposits in the world, and is planning on building a new graphite mine and processing
plant.
TSX-V: BKR
FSE: BK2
WKN: A110N3
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Lac Gueret South’s Zone 1
Two distinct electromagnetic conductors appear to occur over a two-kilometer length and 50 meters to 600
meters in width as defined by airborne EM geophysics (see the Berkwood news release dated February 10,
2015). The western part of this zone was further defined by ground VLF and EM surveys: four VLF and
22 contiguous PhiSpy EM conductors have been detected 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 some 50 meters in width further to the east.
Four separate drill programs have been executed on the western extent of Berkwood’s Zone 1 Graphite
Body for a total of 44 holes and 6,006m completed. The Company is pleased to announce it has intersected
visual Graphite in every hole drilled to date, with significant Cgr intercepts being observed in 41 holes.
These programs have provided the data and assays for a resource estimation program that is pr esently in
process.
Tom Yingling, President and CEO states, “Berkwood is in the process of demonstrating a viable
conceptual hub resource location at its Zone 1, Lac Gueret South prospect location. The coarse nature of
the naturally occurring graphite, an d the compelling in situ grades, has stimulated our determination to
rapidly locate and evaluate certain nearby zones of Zone 1 lookalike graphite occurrences. These
occurrences are of interest as they could support our emerging hub -and-spoke mining feed model, which
envisions an integrated graphite production scenario that depends upon shallow production from multiple
podiform deposits. The model would offer maximum optionality in production scheduling and extended
resource life. The existence of a number of nearby known high grade occurrences and some geophysical
Zone 1 lookalike targets has motivated Berkwood to galvanise this rapid sampling and shallow geophysical
initiative so as to expedite definition of proximal feed sources: these will compliment the potential of the
Zone 1 prospect, where we intend to shortly report a resource.”
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. 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.
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 1-604-343-7740 www.berkwoodresources.com
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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
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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.
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