April 26th, 2018, VANCOUVER, B.C. Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) (“Berkwood” or the “Company”) is pleased to announce that it has intersected significant intersections of visual graphite during its phase 3 drill program, including one drill hole that has a 130.55-meter intersection with a 87.5 meter true thickness. The nine completed holes totalled 1,481.4 metres (m) of HQ core to objective depths. Eight of the nine holes contained significant graphite intervals as listed on the table below.
“I am very pleased to announce the successful completion of the third phase of drilling with all three phases combined totalling over 4000 metres now. The Berkwood team is also pleased to announce that we have drilled a 130.55 metre intersection of graphite with a true thickness of 87.5 metres. We are continuing to unravel the structural and geological disposition of the Lac Gueret 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 economically mineable resource. Field crews performed detailed structural logging and analysis of previous drill core – and we are increasing our structural capabilities through new collaboration with Terrane Geosciences. Once complete we will have a 3D model of our graphite body providing a clearer more detailed picture of the size and geometry 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,” states Tom Yingling, President and CEO. “Critically, the exploration potential for a significant graphite deposit has continued to be supported by the Phase 3 campaign”.
[Key: LO-GR = 3 to 5% Cgr; MED-GR = 5 to 25% Cgr; HIG = +25% Cgr]
Edward Lyons, PGeo (BC, QC. NL) states, “The drilling in Phase 3 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 coarse flake graphite recovery, making these units potentially of similar economic value. The true widths and persistence of graphite in almost all of Berkwood’s drillholes to date show the potential of the Zone 1 anomaly. Planned geophysical studies ahead of Phase 4 will refine our geological and structural model to guide drill placement.”
BK1-23-18 was drilled across the margin of the anomaly to test the limits of graphite mineralisation. No graphite was encountered. Deposit definition will require some tests of the margins in order for us to design a more efficiently drill program. This is typical exploration testing.
Lac Gueret South Zone 1
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 lies directly south of Mason Graphite’s (TSX-LLG) advanced Lac Gueret Project. Mason is developing one of the largest medium to high-grade graphite deposits in the world.
Including the Phase 3 campaign, the Company has drilled 27 holes on Zone 1 that totals 4,006m. The Company is pleased to announce it has intersected visual Graphite in every hole drilled to date, with significant Cgr intercepts being observed in 26 holes. Success in these drill programs confirms that a significant component of the distinct electromagnetic conductors that occur over a two kilometer strike length and 50 meters to 600 meters in width as defined by airborne EM geophysics (see the Berkwood news release dated February 10, 2015) includes graphite mineralization.
To view a virtual reality video of the autumn Phase 1 Zone 1 drill program as well as the most recent winter Phase 2 drill program, please follow the link at the bottom of our home page at: http://www.berkwoodresources.com.
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.
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
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.
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.