August 31st, 2017, VANCOUVER, B.C. Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) (“Berkwood” or the “Company”) is pleased to announce that it has completed five further holes on its Lac Gueret South Graphite Project located in Quebec, Canada. To date each hole has intersected visual graphite in the Zone 1 area. The Company anticipates completing up to 9 further inclined drill holes (of between 60m and 120m in length) in this initial phase of work, for a total of 16 holes drilled on the company’s Phase 1 drill program.
Update of Phase 1 drilling and visualization of Graphite
The current drill program has seen completion of seven (7) drill holes through BK1-01-17 to BK1-07-17 on four sites for a total of 851.7m. The visual graphite intercepts for the first two drill holes on Site #1, were press released on 22nd August, 2017. Holes BK1-03-17 and BK1-04-17 are located at Site # 2 which is about 110m north of Site #1 and drilled toward the north at -45° and -75° respectively. In hole BK1-03-17 (168.25m length) visible graphite is observed over the intervals of 20.8 – 49.0 (28.2m), 125.4 – 137.25 (11.85m), 89.11 – 87.65 (1.46m), 93.4 – 96.6 (3.2m), 97.8 – 99.4 ((1.6m), 104.65 – 107.4 (2.75m) and 158.0 – 159.7 (1.7m). In hole BK1-04-17 (79.24m), visible graphite is recorded continuously from 26.7m – 79.24m, in variable amounts and styles.
Site #3 is located about 65m north of Site #2 and is the focus of BK1-05-17 and BK1-06-17 drilled to the north at -45° and -75° respectively. In hole BK1-05-17 (160.63m) visible graphite is recorded over the intervals 29.74 – 43.86 (14.12m), 58.93 – 63.93 (5.0m), 70.99 – 80.63 (9.64m) and 93.49 – 96.69 (3.2m), whilst in hole BK1-06-17 (81.38 m) graphite is recognised over the intervals from 15.12 – 28.34 (13.22 m) and 53.2 – 54.34 (1.14m).
Site #4 is located on cut-line 3,200E, some 87m east of the cut-line 3,100E that hosts Sites #1-3. It is the focus of BK1-07-17 drilled to the north at -45° to 142.34m (EOH). This hole has not been logged, though an interval of visible graphite is reported over 112.75 – 118.69 (5.94m).
The reader is reminded that these drill intercepts to not represent true widths of the graphite bearing zones intercepted.
Lac Gueret South is located in Cote Nord, Quebec, a three hour drive from Baie-Comeau in an area with very good infrastructure. The Project directly borders Mason Graphite’s (TSX-LLG) advanced Lac Gueret Project to the South. Berkwood is targeting airborne and ground conductive anomalies at the Lac Gueret South’s Zone 1 location as part of this initial program, where two distinct electromagnetic conductors appear to occur over a two kilometer strike length. The extent of the conductors and certain historic grab samples that returned visible graphite, corroborated by laboratory assays, motivated the present drilling program. The Company also has well developed targets at Lac Gueret South’s Zone 2, which is located immediately south of the Mason Graphite claim boundary and along strike from the graphite zones of Mason Graphite.
Tom Yingling, President and CEO states, “I am pleased to provide continuing confirmation that we have intersected graphite in all of the first seven holes in our first drill program and have commenced plans to expand our work program. The electromagnetic conductors have proven very effective in identifying mineralized targets for drilling.”
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.
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:
info@berkwoodresources.com or 1-778-945-2935 www.berkwoodresources.com
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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.
