Berkwood Resources acquires additional surface graphite properties

About this update from First Canadian Graphite Inc.

[{"type":"text","content":"August 7th, 2019 - TheNewswire - VANCOUVER, B.C. Berkwood Resources Ltd. (TSXV:BKR) (FSE:BK2) (WKN:A110N3) (\"Berkwood\" or the \"Company\") is pleased to announce that it has acquired additional ground adjacent to its Lac Gueret South project as it has determined that a long-term graphite production strategy is best served by evaluating multiple proximally located bedded graphite deposits (comparable to its centrally located Zone 1 project) to feed a future, centrally located processing facility. The model is amenable to graphite production from multiple shallow, low strip ratio open pit mining locations surrounding the Company's existing project. To advance the current project model the Company has acquired six new blocks of claims and has further assessed the historic sampling of known graphite exposure on ground currently held. The review isolated a number of high priority targets, some of which have returned high grade samples during previous work by the SOQUEM - QUINTO joint venture, Esbec, Mason Graphite, and Focus Graphite. Concurrent with the acquisition, an ongoing field sampling campaign will immediately sample selected areas of the newly acquired tenement. The newly acquired land title comprises six (6) selected groups of claims consisting of 58 claims covering 3,116Ha. Berkwood holds a 100% interest in the properties, following their acquisition from 1215616 BC Ltd., a Company held by Contigo Resources Ltd (\"Contigo\") and Graeme Sewell (\"Sewell\", together, \"the Vendors\"). These six groups of claims occur either directly adjacent to or within a few kilometers of Berkwood's existing claims, and each has either known graphite showings or geological extensions of known graphite bearing formations over which geophysical conductive anomalies have been surveyed. Consideration for the acquisition of the new claims comprises the payment to the Vendors of $20 and 1,950,000 common shares of Berkwood, wherein $10 and 450,000 shares are paid to Contigo and $10 and 1,500,000 shares are paid to Sewell. The ongoing sampling and shallow geophysics program will focus on high priority targets on the newly acquired claim blocks with immediate effect. Among the targets is Zone 06, where previously reported surface samples of high grade graphite (maximum of 41.1% Cgr in a single sample) were recorded by previous workers. The target...

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