Berkwood Resources Announces Large Graphite Flake Charactization Results At Lac Gueret Project, Quebec
TSX VENTURE: BKR
VANCOUVER, B.C. / TheNewswire / March 8 2018 - Berkwood Resources Ltd. (BKR) (wkn:A110N3) ("Berkwood" or the "Company") is pleased to announce positive preliminary characterization results of graphite composite samples from its wholly owned Lac Gueret South property in northeastern Quebec.
Results show that a large portion of the graphite flakes are coarse large flake (20 mesh to 100 mesh) and easily concentrated by simple inverse gravity process (the light portion being the valuable product), with only a small percentage of the graphite being finer than 100 mesh (100 mesh); the latter might prove to be recoverable as a lower value product once more detailed studies are completed.
Table 1: Results of characterization work on six samples from Zone 1 highlighting the coarse graphite ("Cgr") composition of each sample.
|Composite Sample Summary||A||B||C||D||E||F|
|Head Grade Carbon as Graphite (% Cgr)||33.8%||10.4%||32.2%||12.3%||36.6%||16.0%|
| Coarse Graphite Component
(>100 mesh) (%)
|Coarse Graphite Grade (% Cgr)||7.4%||3.3%||6.4%||3.8%||12.4%||6.7%|
Met-Solve Laboratories Inc. of Langley, British Columbia was retained to carry out basic characterization tests on six composites derived from selected Phase 1 drill-program core samples bearing graphite recovered from Zone 1 at the Lac Gueret South property. This characterization work will be used to inform the further design of a proposed metallurgical program: this larger program will include sampled from all of the drilling undertaken through to the completion of the Phase 3 program presently in progress (refer NR of March 5th, 2018).
The six composites prepared from the drill holes cores, representative of the geology outlined through the completion of the earlier drill programs, featured graphite contents from a low of 10.4% Cgr to a high of 36.6% Cgr.
It is worth noting that the high-grade material of Composite E with 36.6% Cgr yielded a coarse large flake concentrate (20 mesh x 50 mesh) grading 93.5% C graphite.
Tom Yingling, President and CEO states, "These positive results from initial characterization work show a large portion of coarse large flake within the sampled intervals of Zone 1 graphite intercepts. This demonstrates that the deposit has a significant component of coarse large flake graphite, a higher value product. Further metallurgical testing will be needed to design an efficient graphite concentration process which will be critical to the project economics as we continue to develop this exciting opportunity. Further metallurgical studies will build on these initial results. Samples from Phase 2 and 3 drilling will be used.
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, visit the bottom of our home page at: http://www.berkwoodresources.com
The characterization program was supervised for the Company by Michel Robert, P.Eng., a metallurgist with extensive experience. 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.
The Company also announces that it has cancelled its private placement announced January 23, 2018 with intentions to raise up to $1,500,000.
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
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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.