WKN: A110N3 August 16thth, 2017 Berkwood Commences Drill Program at Lac Gueret South Graphite Project
TSX-V: BKR
FSE: BR2
WKN: A110N3 August 16thth, 2017
Berkwood Commences Drill Program at Lac Gueret South Graphite Project
August 16 th, 2017, VANCOUVER, B.C. Berkwood Resources Ltd. (TSX -V: BKR , FSE: BK2, WKN:
A110N3) (“Berkwood” or the “Company”) is pleased to announce that drilling has commenced on its
Lac Gueret South Graphi te Project located in Quebec . The Company has completed certain access
development for its initial group of targets, and drill pads have been prepared for the initi al suite of
targeted PhiSpy conductive anomalies, located in the Zone 1 area (refer location descriptions below) .
The Company anticipates completing up to 18 inclined drill holes (of between 60m and 120m in length)
in this initial phase of work . The amended exploration permit approval to start drilling on 16 August has
been received. A drill is on site ready to commence on that date. The amended permit allows for a
multiphase exploration program without delays at each stage.
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 lies directly south of Mason Graphite’s (TSX-LLG) advanced Lac
Gueret Project. Mason is developing one of the largest high grade graphite deposits in the world.
In 2014, Berkwood conducted an electromagnetic (“EM”) airborne geophysical survey over its South Lac
Gueret Property and successfully identified several anomalous zones of high conductivity. Several of
these anomalies were downgraded as they are considered too small or too deep to represent economic
graphite deposits . H owever, the Zone 1 and Zone 2 anomalies are of significantly larger size and are
considered high priority targets for immedia te exploration by drilling and trenching. These large
anomalous conducive areas are almost entirely covered by muskeg and till with few bedrock outcrops
available property-wide.
Lac Gueret South 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 an d 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 5 0 meters in width as the Zone
extends eastward.
A total of 11 rock grab samples were collected in the vicinity of the Zone 1 anomaly : three of these
samples contained 36.3%, 14.4%, and 1.04% Cgr(Carbon as Graphite) respectively. The presence of
significant values of Carbon as Graphite found in the vicinity of these mainly covered large geophysical
anomalies is interpreted to indicate that the anomalies are probably large graphite zones.
2
Lac Gueret South Zone 2
Zone 2 is contiguous with the southern limit of the Mason Graphite claim boundary and along strike
from the graphite zones of Mason Graphite. A total of two VLF -EM and 15 PhiSpy ground geophysical
anomalies confirm the occurrence of two parallel east-west conductors. The larger conductor extends 1
kilometer in length and 60 meters in width.
To view details, maps and photos of Berkwood’s properties please click the following link:
http://www.berkwoodresources.com/properties.html. The program is being undertaken subject to two
current drilling permits issued by regulators in Quebec.
Edward Lyons PGeo (BC, QC, NL) is a Qualified Person under the definition of Canadian National
Instrument 43 -101, and has approved the technical information in this news release. He has worked
extensively on the Lac Gueret Property, now owned by Mason, and neighbouring graphite properties
since 2000. The Cgr analyses were carried out and certified by AGAT Laboratories of Mississauga,
Ontario using a LECO furnace and an infrared detector.
Tom Yingling, President and CEO states, “ I am pleased we have embarked upon our planned drill
program. This test has targets an extensive and very compelling conductive zone, in a district in which
the world class Mason graphite deposit is now in development.”
About the Company: Berkwood is engaged in exploration for the commodities that enable the modern
revolution in essential technologies. These technologies are dependent upon materials that enhance the
performance of energy storage systems and permit the development and miniaturization of new
electronics and structural components in the new suite of innovative tools. The Company is led by a
team with collectively over 100 years experience and have been involved with numerous discoveries of
producing mines.
On Behalf of the Board of Directors
Berkwood Resources Ltd.
‘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 Exchang e)
accepts responsibility for the adequacy or accuracy of this
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.