VANCOUVER, British Columbia, Jan. 5, 2012 /PRNewswire/ -- Berkwood Resources Ltd. (TSX-V SYMBOL: BKR.V) ("Berkwood" or "the Company") wishes to announce that effective January 3rd, 2012, Altair Ventures Inc. and the Company (formerly Consolidated Spire Ventures Ltd.) mutually agreed to terminate their two stage option agreement, signed on July 20, 2009, with respect to Berkwood's Prospect Valley gold project near Merritt, BC. Berkwood will now control 100% of the Property and act as the operator.
About Berkwood Resources Ltd.
Berkwood now holds a 100% interest in the Prospect Valley Gold Property in Merritt, BC. To date, several areas of gold mineralization have been identified in the 10,790 hectare property. The majority of historic drilling has taken place in the centre of the claim block along a prominent north-northeast trending linear zone that includes the Discovery South Zone, the Discovery North Zone, and the NE Extension Zone. The project is currently in advanced stages of exploration.
Berkwood also 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 approximately 9km southwest of the Cikondang Gold open pit mine. Berkwood has carried out initial mapping and geochemical sampling during the first 7 months of exploration, and will continue to report material results as they are received.
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.
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SOURCE Berkwood Resources Ltd.