October 24th, 2018 / TheNewswire / VANCOUVER, B.C – Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) (“Berkwood” or the “Company”) is pleased to announce that it has mobilized crews to its Lac Gueret South Graphite Project located in Quebec for the execution of a Mise-Á-La-Masse (“MALM”) geophysical program. The primary contractor for execution of the survey is TMC Geophysics of Val-d’Or, QC, supported by people who were hired from the Manicouagan River area to help with the project. The program is utilising cut-lines prepared on the property in late September early October, 2018: the program is continuing in snowy conditions, but benefits from the excellent access previously prepared.
MALM is an older EM technique that operates by placing a DC current electrode in a known, readily chargeable (conductive) horizon from a downhole location and tracing the electric current distribution via either on-surface or in-drillhole placed receivers. The survey being undertaken by Berkwood will charge several known conductive horizons from selected graphite intersections in the existing drill-holes, and will seek to trace the surface expression of current pathway(s) using surface based receivers. The MALM work is intended to improve the Company’s understanding of how the graphite mineralization at its Lac Gueret Zone 1 discovery is distributed, and to help in extending the existing geological model (see 3D Model on home page). The improved geological model is intended to inform targeting for a drill campaign that will enable the extension of the present model and the preparation of a resource report appropriate for public release.
The existing trails prepared for drilling and the extensions to cut-lines previously released are being used to provide the access through the forest.
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, such that the property is accessible by road year-round. The Project lies directly south of Mason Graphite’s (TSX-LLG) advanced Lac Gueret Project. With a market capitalisation of over $120 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.
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 50 meters in width further to the east.
Three separate drill programs have been executed on Berkwood’s Zone 1 Graphite Body for a total of over 4,000m completed. All 27 holes have mineralization and 26 holes of these have intersected significant graphite. These intercepts support an evolving structural model of multiple recumbently folded horizon(s) hosting thicker and more consistent graphitic intervals of high grade and wide true thicknesses that suggests strong continuity in the system. On our airborne EM anomaly (see map below of the Airborne EM Anomaly), we have drilled an area about 300m by 300m, leaving a large anomalous area that is as yet untested by drilling.
Airborne EM Anomaly, showing the area as yet explored by drilling. It is anticipated that the MALM survey will refine the definition of the conductive horizons to the east and north-east of the existing drilling.
The inclined holes were drilled to maximum lengths of about 190 meters. The graphite lies near surface to open-pit mineable depths similar to the depths drilled by Mason Graphite for its planned open pit development.
Edward Lyons, P.Geo (BC, QC, NL) states, “The application of MALM as a tool for mapping the extension of our known lithologies of greatest interest is based upon its past application in similar circumstances: the Company looks forward to the results of the survey with great interest and anticipation.”
Tom Yingling, President and CEO states, “I am very pleased to have mobilizing the MALM survey: this application of geophysics is targeted specifically to inform what we hope is the fourth and last drill program required for the Company to prepare a resource model that will enable the Berkwood to undertake a Preliminary Economic Assessment of Lac Gueret. We are focussed on advancing the Zone 1 discovery with maximum efficiency, and the MALM survey is a key tool in our quest to most effectively model the mineralization.”
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:
info@berkwoodresources.com or 1-778-945-2935
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.
Neither 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 release.
