VANCOUVER, British Columbia, Feb. 14, 2012 /PRNewswire/ -- Berkwood Resources Ltd. (TSX-V SYMBOL: BKR) ("Berkwood") is pleased to provide an update on its 100% owned Cimandiri Gold Project in West Java, Indonesia, with new developments on the previously reported soil sampling program.
Soil sampling continues on the Cimandiri Property, utilising two sampling teams. Recent ridge and spur soil sampling in the Lubang Prospect area has returned anomalous gold in soil values and has expanded the previously reported Lubang Prospect area. This is in addition to grab sampling in the area that returned a result of 5.4g/t (see news release dated January 31st 2012).
The Indonesian exploration team, headed by senior geologist Andri Subandrio, has devised and is now commencing the next phase of the soil-sampling program, which will focus specifically in the Lubang Prospect area. A grid system has been developed, which consists of 7 soil lines at 50m spacing and 10 soils per line, at 25m spacing for a total coverage area of 6.75 Ha. The area of concentration is located in the central region of the Lubang Prospect, centered between the Cipetir Prospect and Cisaru Prospect (see map on website). The current phase of soil grid sampling is expected to be completed in the next 30 days and results will be released when received by the company.
Johannes Erasmus, associate geologist of Micromine Pty Ltd, a Qualified Person as defined by National Instrument 43-101, reviewed and approved the content of this News Release.
About Berkwood Resources
Berkwood now 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 km2 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 Mineral Resources totaling 166,000 ounces grading 0.511 g/t gold, 10,077,000 metric tonnes above a cut-off of 0.30g/t gold (see news release dated January 25th 2012) at the combined Discovery South and Discovery North Zones. The zones remain open for expansion and other known zones of gold mineralization have yet to be drilled.
Berkwood has a 100% interest in the Cimandiri Gold Property in Indonesia, located 120km south of Jakarta, approximately 3 hours driving time. Railway lines are nearby, with the closest rail station located only 8km from the property. The project is located 9km southwest of the Cikondang Gold mine. Berkwood has carried out initial mapping and geochemical sampling during the first phase of exploration and will continue to report material results as they are received.
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For additional information please contact:
Karim Sayani, Corporate Communications
Tel: (604) 662-7455 E-mail: [email protected]
Tom Steer, Media Relations Manager
Tel: (604) 681-5556 E-mail: [email protected]
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.