July 11th, 2017 / TheNewswire / Vancouver, British Columbia - Berkwood Resources Ltd. ("Berkwood", or "Company") is pleased to announce it has acquired from 1124026 B.C. Ltd a package of 53 claims located over a lithium rich zone of the Abitibi area, east of Simon Lake, Quebec, which the company has named the Delbreuil Lithium Project (the "Project"). The property is easily accessible by main and secondary roads, and is located in a region characterized by other know occurrences of lithium (Li).
The Delbreuil Project acquisition transaction comprises payment to 1124026 B.C. Ltd of 2,100,000 common shares and $15,000. The transaction remains subject to TSX-V approval.
The acquired claims have similar geology to other known lithium showings in the immediate area: the known occurrences on the Project property and on the other known occurrences comprise pegmatites that host spodumene. The Project claims were previously explored for base metals: among the historic data is an assay on a sample recovered from pegmatite that returned anomalous lithium (1,290 ppm), tantalum (126 ppm) and rare earth elements. These elements are good pathfinders for pegmatite dykes that have the potential to host Li and other commodities.
Historic work on the project confirms the occurrence of mafic and granitic rocks, the latter including known late stage pegmatite intrusions. Satellite images over the project extend the evidence for the presence of multiple outcrops are consistent with the mapped granites, and have high potential for hosting pegmatite intrusions. The Company intends to rapidly assess the claims for further pegmatite occurrences, the targeted host rocks of lithium mineralization.
The Property also includes the Delbreuil base metal showing with historic assays on drill core of up to 3.4% Zn, 0.27% Ni, 0.38% Cu, 4.1 g/t Ag and 0.06% Co. Also located on the Project property, the Nodier showing includes assayed Zn mineralization, with up to 1.1% Zn reported.
In the vicinity of the Property, multiple lithium showings are known, including the Lac Simard showing with up to 1.3% lithium. The Debreuil Property was not previously subject to specific lithium exploration so the Company is currently planning a phase 1 survey consisting of prospecting, mapping and till sampling to better define the lithium potential of the Property.
Qualified Person: Remi Charbonneau, PhD OGQ, a Qualified Person ("QP") as defined by National Instrument 43-101 guidelines, has reviewed and approved the technical content provided in this news release.
About the Company: Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon materials that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components in the new suite of innovative tools. The Company is led by a team with collectively over 100 years experience and have been involved with numerous discoveries of producing mines. Tom Yingling, President and CEO states, " Berkwood's board of Directors is very pleased to compliment our existing Graphite and Cobalt properties with another electric vehicle mineral, Lithium. With a pegmatite sample that returned anomalous lithium as high as 1,290 ppm it confirms that Berkwood is plugged into high tech minerals!"
