VANCOUVER, British Columbia, Sept. 27, 2012 /PRNewswire/ -- Berkwood Resources Ltd. (TSX-V: BKR; OTC-PINK: CZSVF) ( "Berkwood") is pleased to announce that it has commenced field work on its Lac Gueret East Graphite Property, located approximately 290 km north of Baie-Comeau, Quebec.
The objective of the Phase 1 work program is to delineate prospective Graphite zones, beginning with an airborne electromagnetic survey, surface work follow up, and compilation of historic geological data. The work program will be performed by EarthMetrix of Mont-Laurier, QC.
The company intends to follow Phase 1 with a Phase 2 work program, consisting of stripping, trenching and sampling. The objective of Phases 1 and 2 is to generate targets for drill testing in a potential Phase 3 work program, as timing and funds permit. The results from the Phase 1 program will be released when received by the company.
This news release has been reviewed and approved by Alain Moreau, P. Geo., who supervised the preparation of the technical information in this news release. Alain Moreau is a Qualified Person as defined by National Instrument 43-101.
Lac Gueret East Graphite Property:
The Lac Gueret East Graphite Property (the "Property") consists of 59 claims totalling 3186 Ha and borders the eastern boundary of Mason Graphite's advanced Lac Gueret Property. A technical report by Tekhne Research on Mason Graphite's Lac Gueret Property estimated a resource of 7.5 million tonnes grading 20.4% Graphite.
The Lac Gueret East Graphite Property has similar geological characteristics as that observed at Mason Graphite's Lac Gueret Property located adjacent and to the west of the Lac Gueret East Graphite Property. The Lac Gueret East Property is situated in the Paleoproterozoic Gagnon Terrain which is considered a para-autochton unit fertile for graphite in the Grenville Province of Quebec and includes biotite/garnet/sillimanite/graphite paragneisses, dolomitic marbles and intrusive rocks. Graphite in the area is present in marbles and in contact with or within paragneisses and ranges from 3% to 40% Cg (Carbon Graphite) exhibiting flakes up to 5 mm in diameter. Large flake graphite is generally considered from 0.2 mm or more in size. The Lac Gueret East Graphite Property is within three hours of Baie-Comeau by road and is easily accessible via numerous tertiary and forest roads. Property maps and details are available on the Berkwood website, please click here.
Investors are cautioned that the graphite mineralization in the adjacent property is not an indication that similar mineralization will be found in the Lac Gueret East Graphite Property, which is still in an early stage of exploration.
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 10,871 Ha property. The majority of historic drilling has taken place in the centre of the claim block along the Discovery Trend. To date this drilling has outlined an extensive low grade epithermal gold system with indications of potential for additional and higher grade mineralization (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.
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On Behalf of Berkwood Resources
Brian Buchanan, President and Director
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Forward Looking Statements
This Berkwood News Release may contain 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 limitation, competitive factors, general economic conditions, relationships with strategic partners, 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. Except as required by law, 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.