Berkwood Resources Announces Completion of 3D Model for its Lac Gueret Zone 1 graphite discovery
TSX VENTURE: BKR
September 27, 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 released for public reviewing its three dimensional ("3D") rendering of a Preliminary Geological Model (the "Model") for its Lac Gueret Zone 1 graphite discovery. The Preliminary Model is based upon 4006m of wireline core drilling undertaken over three campaigns of work by the Company in 2017 and 2018. The Model has been constructed to assist the Company with planning for a Mise-a-la Masse ("MALM") electromagnetic (EM) geophysical survey and a campaign of further drilling with a view to extending the known mineralization and geological constraints at Lac Gueret Zone 1. The Company anticipates and intends for the next campaign of drilling to furnish the data and knowledge required for the preparation of a reportable graphite resource report. The Company is targeting a reportable resource sufficient for the preparation of a Preliminary Economic Assessment ("PEA") report.
The Preliminary model may be viewed as part of a narrated review presentation by the Company's CEO, Tom Yingling, at: www.berkwoodresources.com
Viewers should note that the Model is as still open to the east and north-east of the Zone 1 area of discovery, and the Company anticipates that modest extension of the know mineralization along strike on the easterly and northeasterly directions. The Company has completed preparation for its MALM surveys (refer News Release of August 23rd, 2018) for which the field component is presently expected to complete by mid-October.
CEO Tom Yingling states .....
"We hope shareholders will review the Model video presentation and will be as buoyed with the evident potential of the Zone 1 discovery as we are! The Company is focussed on maximising the predictive aspects of the work thus far to ensure that the next campaigns of work will be as efficient as possible in bringing us to a reportable resource that is underpinned and guided by our metallurgical learning as well as the MALM and drill-bit generated data."
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:
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.