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Berkwood announces TSX Venture Exchange has accepted for filing the Peter Lake Copper Property Option in Quebec
(via Thenewswire.ca) Vancouver, B.C., October 4 2012 - Berkwood Resources Ltd. (TSX-V: BKR)...
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[{"type":"text","content":"\nBerkwood announces TSX Venture Exchange has accepted for filing the Peter Lake Copper Property Option in Quebec\n\n(via Thenewswire.ca)\n\n \nVancouver, B.C., October 4 2012 - Berkwood Resources Ltd. (TSX-V: BKR) (the \"Company\" or \"Berkwood\") announces that the TSX Venture Exchange has accepted for filing the property option agreement dated Sept. 30, 2012, between Berkwood Resources Ltd. and Group Ressources Gemines Inc. (Michel Belisle) whereby Berkwood has been granted an option to acquire a 100-per-cent interest in the Peter Copper Property located near Mont-Laurier, Quebec that is located in Quebec. Consideration is $100,000 payable over two years and 750,000 common shares. Upon exercise of the option the company shall pay the vendor a net smelter royalty or equivalent of 2 per cent on all metals produced from the property with the right to buy back 1 per cent at any time for $1-million subject to further exchange review and acceptance.\n\n \n \nThe Peter Lake Property: \n\n \n \nThe Peter Lake Property (the \"Property\") consists of 24 claims totalling 1403 Ha located in the Mont-Laurier Terrane, in the Central Grenville Province, Quebec. The Property lies within a sequence of metasedimentary rocks, felsic intrusives and gabbros. Cu-Ni mineralization in the area closely follows northeast controlling structures. The mineralization lies within late gabbroic dykes and the mineralized structure has been traced for more than 2 km on surface. The property has the potential to host other minerals including Au, Mo and PGE. \n\n \n \nBerkwood will immediately conduct a complete compilation of historic geological work, mineralized area mapping, and submit check assays, this will be concurrent with surface work, channeling and trenching.\n\n \n \nThis 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 a Qualified Person as defined by National Instrument 43-101.\n\n \n \nTo view maps and photos of the Peter Lake Copper Property, please click here.\n\n \n \nAbout Berkwood Resources: \n\n \n \nBerkwood holds a 100% interest in the Company's flagship property, the Prospect Valley Gold Property located near Merritt, BC. Several areas of gold mineralization have been identified on the 10,871 Ha property. The majority of hi...