(TheNewswire)
November 22nd, 2017 / 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 commenced drilling on the Zone 2 geophysical prospect at the Company’s 100% owned Lac
Gueret South Project. The Zone 2 target is an extensive (greater than 2 km strike length)
conductive system that displays a number of geophysical similarities with the Zone 1 prospect
that is located approximately 3.5 km SSE of Zone 2, where the company discovered extensive graphite mineralization earlier this
year. The Zone 1 drill program featured intersections of graphite in each of the 13 holes drilled. The initial metallurgical
assessment is in progress.
The fall drill program at Zone 2 is located adjacent to the Berkwood /
Mason Claim boundary, and has not previously been drill tested. The Company intends to assess whether Zone 2 has the potential to
host commercial graphite, and will consider the results of this fall program in developing its drilling and metallurgical test work
priorities.
Tom Yingling, President and CEO states, “I am pleased we have
embarked upon our second drill program. Having had success in every one of the 13 holes drilled to date on Zone 1 is very
exciting. We are still awaiting assay results on these holes, and we expect to release these within a few weeks. The
drill rig is established on Zone 2. The geophysics on Zone 2 is comparable with that of Zone 1, which we now know includes
graphite (although other conductive and magnetic phases, such as pyrrhotite, were also intersected in drilling). The location
of the Zone 2 prospect along the Berkwood Mason property boundary is also compelling. Drilling a second, entirely distinct target
provides Berkwood shareholders two potential opportunities for success as the Company will seek to prioritize the most compelling
prospect for ongoing assessment of potential for development. Our fall drill program is fully financed, and the field project
is managed by the same team that discovered Berkwood’s Zone 1 discovery and the Mason Graphite deposit. I am thrilled with our
shareholder and financing support, and with our capital structure - we still only have approx. 32.5 million shares
outstanding.”
The Company has completed road access and trails for the initial group of targets at Zone 2, and drill pads
have been prepared for the initial suite of targeted PhiSpy conductive anomalies, located in the Zone 2 area. The Company
anticipates completing up to 18 inclined drill holes (of between 60m and 120m in length) in this initial phase of work on Zone
2.
Lac Gueret South Zone 1
During the recently completed 13-hole drill program on Zone 1 the Company is pleased to announce intersecting
visual Graphite in every hole drilled to date. (See news release dated October 17 th , 2017.)
Success in this drill program confirms that a significant component of the distinct electromagnetic conductors that occur
over a two (2) kilometer length and 50 meters to 600 meters in width as defined by airborne EM geophysics (see the Berkwood news
release dated February 10, 2015) include graphite.
Lac Gueret South Zone 2
Zone 2 is located approximately 3.5 kilometres NNW of Zone 1 and is contiguous with the southern limit of
the Mason Graphite claim boundary: the anomaly presents as possibly occurring along strike from graphitic horizons defined by Mason
Graphite. A total of two airborne VLF-EM and 15 PhiSpy ground geophysical anomalies indicate the occurrence of two
parallel east-west trending conductors. The larger conductor extends over two kilometer in length and up to 60 meters in
width. These Zone 2 anomalies were identified by the same airborne and ground surveys as the Zone 1 anomaly: Zone 1 is
now drill-tested to include significant graphite mineral development.
To view a virtual reality video of the spring Zone 1 drill program visit 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. He has worked extensively on the Lac Gueret Property, now
owned by Mason, and neighbouring graphite properties since 2000. The Cgr analyses are carried out and certified by MS Analytical
Inc. of Langley, British Columbia using a LECO furnace and an infrared detector.
Lac Gueret South Property, Quebec
Lac Gueret South is located in Côte Nord, Quebec, a three hour drive from Baie-Comeau in an area of 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 high grade graphite deposits in the world.
In 2014, Berkwood conducted an electromagnetic (“EM”) airborne geophysical survey over its South Lac Gueret
Property and successfully identified several anomalous zones of high conductivity. Several of these anomalies were downgraded as
they are considered too small or too deep to represent economic graphite deposits. However, the Zone 1 and Zone 2 anomalies are of
significantly larger size and were considered high priority targets. Thirteen holes drilled into Zone 1 confirmed the
extensive development of graphite mineralization, confirming the targeting thesis. Drilling is now starting on Zone
2.
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.
‘Thomas Yingling’
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
info@berkwoodresources.com or 1-778-945-2935
www.berkwoodresources.com
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
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.
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