Berkwood to do follow up drilling on large true thickness, high grade Graphite Zone 1, Lac Gueret South Graphite Project
TSX-V: BKR
FSE: BR2
WKN: A110N3 November 30, 2017
Berkwood to do follow up drilling on large true thickness, high grade Graphite Zone 1, Lac
Gueret South Graphite Project
November 30th, 2017, VANCOUVER, B.C. Berkwood Resources Ltd. (TSX -V: BKR, FSE: BK2,
WKN: A110N3) (“Berkwood” or the “Company”) is pleased to announce it has moved the drill
from its Zone 2 anomaly back to Berkwood’s Zone 1 Graphite Body where the Company has
successfully demonstrated average Graphite grades in the range of 14.39 to 25.52% Cgr and true
thicknesses ranging 22.1 to 40.3 m. The drill program on Zone 2 was stopped as no significant
graphite was intersected and in order to focus the Company’s efforts on the Zone 1 deposit at this
time.
Zone 1 Graphite Body on the Company’s 100% owned Lac Gueret South Project had 13 HQ holes
drilled in the Phase 1 program with every hole intersecting significant graphite intersections.
Mineralised s ections of the core were sent for assay and, as per the news release dated Nov 28 th,
2017, returned contiguous intervals of high grade graphite. The Zone 1 Graphite Body is a very
large conductive and magnetic system with a 2.2 km east -west strike length and 0.6 km width. It
shows two parallel zones that may be a large -scale fold. The Phase 1 drill program on Berkwood’s
Zone 1 Graphite Body focused on only a small western porti on of the geophysical anomaly. The
Company was waiting for the Phase One drill program assay results to determine if a Phase 2 drill
program would commence on the Zone 1 Graphite Body. Significant exploration risk has been
mitigated with the assays on the Phase 1 drill program. That , and the fact that most of the anomaly
has not been drill tested, increases Zone 1 as a priority area. The Phase 2 drill program is
commencing on Zone 1 and will continue to test this Graphite discovery. This drill program is fully
permitted with the access roads and drill pads already built. The entire drill program is fully
financed. The Company estimates to complete up to 2000 metres of drilling for the Phase 2 drill
program.
Tom Yingling, President and CEO states, “I am very pleased with the assay results we received from
Berkwood’s Zone 1 Graphite Body. Prior to receiving the Zone 1 Graphite Body assay results, numerous
elements of risk still pertained to our graphite discovery. There are always risks in exploration. Now that
we have successfully proven that we have large intercepts with good graphite grades, we have mitigated
some of them, and the Company looks forward to having the d rill successfully delineate the size of this
Graphite body to determine tonnage and geometry. I am thrilled with our shareholder and financing
support, and with our capital structure - we still only have approx imately 32.5 million shares
outstanding.”
Mr. Edward Lyons PGeo (BC, QC, NL), who has worked extensively on the Lac Gueret Property, now
owned by Mason Graphite, states “ The analyses show that the thick unit on Section 3100E as well as
shorter intervals showed a similar range of grades that occurs at Mason Graphite’s Lac Gueret deposit
nearby.”
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Lac Gueret South Zone 1
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 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.
To view a virtual reality video o f the autumn Zone 1 drill program , visit our home page at:
http://www.berkwoodresources.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 miniaturizati on 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 1-778-945-2935 www.berkwoodresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this news release.
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 f rom
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 refle ct management’s current views and are based on certain expectations, estimates
and assumptions, which may prove to be incorrect.