Berkwood Reports its 4th Drill Program has Returned Continued High Grade Graphite Assays with 22.22% Cgr over 102.45m and 43m in Surface Outcrop Channel Graphite Sample Assaying 24.17%.

March 11th, 2019, VANCOUVER, B.C. – Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) (“Berkwood” or the “Company”) is pleased to announce that it has received positive assay results from the Phase 4 drilling program completed in December, 2018. The program was designed to test areas around the western fold nose of Zone 1, and to extend and infill areas of known mineralization with a view to expanding and improving the existing geological model and to prepare for an initial mineral resource estimate. The 16 inclined NQ holes totalled 2,078.3 m at the end of the program. Samples were shipped to MS Analytical Laboratories (Langley, BC) for analysis, following the protocols applied to assay samples for Phases 1 through 3 from late 2017 through 2018. The drill program was carried out by Forage Gyllis of Saint-Jérôme, Quebec, a Ron Thibault company.

During the program several shallow subcrops of highly graphitic bedrock were exposed and channel sampled. A channel sample composite over 43m taken normal to strike returned an average grade of 24.17% graphite. The composite sample results for drilling and channel sampling during Phase 4 are listed in Table 1, below.

Table 1: Results from Phase 4 Drilling (with Channel Sampling)

Of the 16 holes drilled, 13 intersected significant mineralization with one hole having 22.22% Cgr over 102.45m, with a high sample grade of 33.88%. The intersection of multiple wide intercepts (for example the BK1-15-17 intercept of 72.10m at 13.64% Cgr from Phase 1 drilling, among others) continue to encourage the Berkwood team to advance the Lac Guéret South project as rapidly as possible.

Tom Yingling, President and CEO, states: “I am very pleased to announce the successful completion of the fourth phase of drilling with all four phases combined totalling over 6,000 metres now.  The Berkwood team is also pleased to announce that we have drilled a 158.13 metre intersection of graphite mineralization in hole 42 and 102.45 meters in hole 35.  We are continuing to unravel the structural and geological disposition of the Lac Guéret South Zone 1 graphite body.  So we continue the exciting but painstaking work required as Berkwood endeavours to chart a focussed and efficient program to define the potential for an economic resource. Field crews performed detailed structural logging and analysis of previous drill core.  Once complete we will add this information to our 3D model of our graphite body providing a clearer, more detailed picture of the size and geometry of the southwestern portion of our Zone 1 graphite body.  We are making progress in stages and continue with each successive Phase to build on the great results we have enjoyed since discovery.” 

Edward Lyons, P.Geo (BC, QC. NL) states: “The drilling in Phase 4 focused on expanding knowledge in and adjacent to the previously drilled areas. One outcome is increased recognition of intervals of lower grade graphite interlayered with high-grade material. Some relatively narrow true width intervals with lower grades may represent lateral extensions of thicker zones. Industry and metallurgical experience in highly metamorphic graphitic rocks has shown that the medium and lower graphite grade material can yield higher percentages of recoverable coarse flake graphite, making these units potentially of similar economic value to higher grade intervals. The true widths and persistence of graphite in almost all of Berkwood’s drillholes to date show the potential of the Zone 1 anomaly.”

BK1-31-18 and BK1-32-18 were drilled across the margin of the western edge of the anomaly to test the limits of graphite mineralisation. No significant graphite was encountered. Deposit definition will require some tests at the deposit margins for the company to fully define mineralization. This is typical of exploration testing.
Including the Phase 4 campaign, the Company has drilled 44 holes on Zone 1 that totals 6,006m. The Company is pleased to announce it has intersected visual Graphite in every hole drilled to date, with significant Cgr intercepts being observed in 41 holes. Success in these drill programs confirms that a significant component of the distinct electromagnetic conductors that have been detected over a two-kilometer strike length and 50 meters to 600 meters in width by airborne EM geophysics (see the Berkwood news release dated February 10, 2015) includes graphite mineralization. The Company presents the following consolidated summary of drill results (refer Table 2) for stakeholder review.

Table 2: Summary of significant graphite (Cgr) intercepts from drilling and channel sampling

** True thickness was estimated based on foliation to core axis and the initial interpretation of unit attitudes from geology modelling.

Edward Lyons, the company’s QP, explains that the determination of true width at Lac Guéret is complicated by two principal phases of folding. The probability of multiple folds within graphite horizons, such as has been observed at Mason Graphite’s adjacent Lac Guéret deposit, can result in thickening of graphitic units. The estimation parameters will be principally constrained by the modelled geology and structure (interpreted with the assistance of Terrane Geosciences Inc. of Halifax, NS). The latest results will be assessed in a 3D model, with plans to commence an initial mineral resource estimate in Q2. Lyons notes that the extensive high-grade graphite in subcrop, as well as a number of high assayed grades at relatively shallow depth are factors that may have positive impacts on ultimate strip ratios for mining.

Edward Lyons P.Geo (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 Mason’s Lac Guéret Property, and neighbouring graphite properties since 2000.

Photo:  Channel Sampling of graphite from outcrop 2 on Lac Guéret.

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 200 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 1-604-343-7740     www.berkwoodresources.com

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.