Business
Berkwood Resources Commences Phase II Drill Program at Lac Gueret South Project
VANCOUVER, B.C. / TheNewswire / November 30th, 2017 - Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) ("Berkwood" or the "Company") is pleased to an
About this update from First Canadian Graphite Inc.
[{"type":"text","content":"VANCOUVER, B.C. / TheNewswire / November 30th, 2017 - Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) (\"Berkwood\" or the \"Company\") is pleased to announce it has moved the drill from its Zone 2 anomaly back to Berkwood's Zone 1 Graphite Body where the Company has successfully demonstrated average Graphite grades in the range of 14.39 to 25.52% Cgr and true thicknesses ranging 22.1 to 40.3 m. The drill program on Zone 2 was stopped as no significant graphite was intersected and in order to focus the Company's efforts on the Zone 1 deposit at this time. Zone 1 Graphite Body on the Company's 100% owned Lac Gueret South Project had 13 HQ holes drilled in the Phase 1 program with every hole intersecting significant graphite intersections. Mineralised sections of the core were sent for assay and, as per the news release dated Nov 28th, 2017, returned contiguous intervals of high grade graphite. The Zone 1 Graphite Body is a very large conductive and magnetic system with a 2.2 km east-west strike length and 0.6 km width. It shows two parallel zones that may be a large-scale fold. The Phase 1 drill program on Berkwood's Zone 1 Graphite Body focused on only a small western portion of the geophysical anomaly. The Company was waiting for the Phase One drill program assay results to determine if a Phase 2 drill program would commence on the Zone 1 Graphite Body. Significant exploration risk has been mitigated with the assays on the Phase 1 drill program. That, and the fact that most of the anomaly has not been drill tested, increases Zone 1 as a priority area. The Phase 2 drill program is commencing on Zone 1 and will continue to test this Graphite discovery. This drill program is fully permitted with the access roads and drill pads already built. The entire drill program is fully financed. The Company estimates to complete up to 2000 metres of drilling for the Phase 2 drill program. Tom Yingling, President and CEO states, \"I am very pleased with the assay results we received from Berkwood's Zone 1 Graphite Body. Prior to receiving the Zone 1 Graphite Body assay results, numerous elements of risk still pertained to our graphite discovery. There are always risks in exploration. Now that we have successfully proven that we have large intercepts with good graphite grades, we have mitigated some of them, and the Company looks f...