Berkwood Resources Announces 2012 Exploration Plans for Prospect Valley Gold Property
VANCOUVER, British Columbia, April 10, 2012 /PRNewswire/ -- Berkwood Resources Ltd.(TSX-V SYMBOL: BKR) ("Berkwood") is pleased to announce plans for the 2012 exploration season at its 100% owned Prospect Valley Gold Property near Merritt, British Columbia, Canada.
The planned 2012 exploration program at Prospect Valley will consist of data compilation, prospecting, soil sampling, mapping and diamond drilling. This work will aim to both extend the NI43‑101 Mineral Resources in the North and South Discovery Zones and carry out exploration on some of the many other known gold prospects on the property, that have seen minimal exploration to date. The 2012 exploration program has been submitted to government authorities for permitting which is expected soon.
Berkwood's geological team has produced a set of detailed geophysical models, outlining the North Discovery and South Discovery Zones. The models are based on the recently reproduced Initial Mineral Resource Estimate on the Prospect Valley Gold Property (see Berkwood news release dated January 25, 2012 for details). The maps can be viewed on the Berkwood Resources website by clicking here.
President and Director, Brian Buchanan said, "We are very pleased with the work that our geological team is carrying out in preparation for our 2012 exploration program at Prospect Valley. We are excited to get back to work and continue proving up the great potential of the property."
George Gorzynski, P.Eng. a Director of Berkwood and a Qualified Person under the definition of Canadian National Instrument 43-101, is responsible for the technical information in this new release.
The PV Mineral Resource estimates were taken from a report posted on www.sedar.com and written by Henry J. Awmack, P.Eng. of Equity Exploration Consultants Ltd. and Gary H. Giroux, P.Eng. of Giroux Consultants Limited, both Qualified Persons under the definition of Canadian National Instrument 43-101.
About Berkwood Resources
Berkwood holds a 100% interest in the Prospect Valley Gold Property near Merritt, BC. To date, several areas of gold mineralization have been identified on the 107 km(2) property. The majority of historic drilling has taken place in the centre of the claim block along a prominent north-northeast trending linear zone. This drilling outlined NI43-101 compliant Inferred Mineral Resources totaling 166,000 ounces grading 0.511 g/t gold in 10,077,000 metric tonnes above a cut-off grade of 0.30 g/t gold at the combined Discovery South and Discovery North Zones (see Berkwood news release dated January 25, 2012 for details). The zones remain open for expansion and other known zones of gold mineralization have yet to be drilled.
Berkwood also has a 100% interest in the Cimandiri Gold Property in Indonesia, located 120km south of Jakarta, approximately 3 hours driving time. The project is located 9km southwest of the Cikondang Gold open pit mine. Soil sampling and geological mapping are being carried out on the property at present, and will continue to report material results as they are received.
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On Behalf of Berkwood Resources,
Brian Buchanan, President and Director
This Berkwood News Release contains certain "forward-looking" statements and information relating to Berkwood that are based on the beliefs of Berkwood's management as well as assumptions made by and information currently available to Berkwood's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. Berkwood does not assume the obligation to update any forward-looking statement.
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.
SOURCE Berkwood Resources Ltd.