Berkwood acquires additional claims adjacent to advanced neighbour expanding the Lac Gueret East Graphite Property, Quebec
07 January 2014 - 10:00PM
Access Wire
Berkwood Resources
Ltd. (TSX.V:BKR) ("Berkwood" or "the Company"), is pleased to
announce that it has acquired, from a local prospector, additional
contiguous ground immediately to the west of its
Lac Gueret East Graphite
Property located in northeastern Quebec. The
newly acquired claims will be added to the current 63 contiguous
claim (3,204 ha) Lac Gueret
East Graphite Property where during the fall
2012 exploration program the first Graphite bearing zone on the
Property was discovered.
The newly acquired
claims comprise 7 blocks, (378 ha total) located to the west, and
are contiguous with the original Lac Gueret East Graphite Property,
which will now directly border Mason Graphite`s Lac
Gueret Property over 7 km on its eastern side (see appended maps or http://www.berkwoodresources.com/lac-gueret-maps.html).
Click Image To View Full Size
Click Image To View Full Size
Mason Graphite's
advanced Lac Gueret Property has a
NI 43-101 compliant mineral resource estimate with measured &
indicated mineral resources of 50 million tonnes grading 15.6% Cgr
(including 6.6 million tonnes grading 32.4% Cgr). Berkwood's
Lac Gueret East
Graphite Property shares a similar
geological environment as Mason Graphite's Lac Gueret Property
including along strike stratigraphic units and
structures.
Mason
Graphite's recently updated NI 43-101 mineral resource estimate
includes assay data from 170 holes (approximately 26,500 metres)
drilled in the GC Zone. Mason reports that the mineral envelope
remains open in all directions and the company expects further
expansion with additional drilling. The GC Zone lies approximately
1.5 km to the west of Berkwood's Lac Gueret East Graphite
Property boundary.
Brian Buchanan,
President and Director of Berkwood commented: "We are pleased to have enhanced our evolving
graphite exploration property east of the significant Mason
Graphite discoveries. This area of Quebec is known for high purity,
large flake graphite and has been identified as an ideal geological
setting for graphite exploration."
About Lac Gueret East Graphite
Property
Berkwood
commenced a phase 1 fieldwork program on the Lac Gueret East Property
in October 2012 with the objective to
delineate prospective graphite zones. During prospecting the first graphite bearing zone on
the Property was discovered. The graphite bearing zone, which is
traceable at surface extends a minimum of 55 metres, has a mean
true width of 4-5 metres and trends northeast. A phase 2 work
program is planned, with proposals for an airborne
electromagnetic survey, surface work follow up, stripping and trenching, with the
objective of generating targets for drill testing
(see Berkwood news
release dated September 27, 2012
for details).
Alain Berclaz, P.Geo a consultant to
the Company and a Qualified Person as defined by NI 43-101, has
reviewed and approved the technical information contained in this
news release.
To view details, maps
and photos of Berkwood's properties please click the following
link: http://www.berkwoodresources.com/properties.html.
If you are not
currently on the Berkwood Resources news and updates list, you can
opt-in via the Berkwood website by clicking here
http://www.berkwoodresources.com/contact.html.
News Releases and exploration updates are emailed to list members
who wish to keep up to date with Berkwood Resources and our
projects.
On behalf of Berkwood
Resources
"Brian Buchanan"
Brian Buchanan, President and
Director
For additional
information please contact:
Karim Sayani, Corporate
Communications
Tel: (604) 662-7455
E-mail: karim@berkwoodresources.com
Tom Steer, Media Relations
Manager
Tel: (604)
662-7455 E-mail: tomsteer@berkwoodresources.com
Forward Looking
Statements
This Berkwood News Release may
contain certain "forward-looking" statements and information
relating to Berkwood that are based on the beliefs of Berkwood's
management as well as assumptions made by and information currently
available to Berkwood's management. Such statements reflect the
current risks, uncertainties and assumptions related to certain
factors including, without limitation, competitive factors, general
economic conditions, relationships with strategic partners,
governmental regulation and supervision, seasonality, technological
change, changes in industry practices, and one-time events. Should
any one or more of these risks or uncertainties materialize, or
should any underlying assumptions prove incorrect, actual results
and forward-looking statements may vary materially from those
described herein. Except as required by law, Berkwood does not
assume the obligation to update any forward-looking statement.
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.
Berkwood Resources (TSXV:BKR)
Historical Stock Chart
From May 2024 to Jun 2024
Berkwood Resources (TSXV:BKR)
Historical Stock Chart
From Jun 2023 to Jun 2024