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Berkwood Resources established in growing graphite district of Quebec
(via Thenewswire.ca) Since Berkwood Resources (TSX-V: BKR) (" Berkwood " or the "Com...
About this update from First Canadian Graphite Inc.
[{"type":"text","content":"Berkwood Resources established in growing graphite district of Quebec(via Thenewswire.ca)\n \n \nSince Berkwood Resources (TSX-V: BKR) (\"Berkwood\" or the \"Company\") acquired the Lac Gueret East Graphite Property (the \"Property\") in 2012, this region of northeastern Quebec has gained attention for being the location of an advanced developing high grade, flake graphite deposit owned by Mason Graphite. Mason Graphite's Lac Gueret deposit has NI 43-101 compliant measured & indicated mineral resources of 7.6 million tonnes grading 20.40% Cgr (Carbon as graphite).\n\n \n \nOver the last 12 months Mason Graphite has achieved important milestones critical to advancing their Lac Gueret project towards the development of a mine, including; the completion of a 26,500 metre drilling program, graphite recoveries in excess of 96%, the presence of 29% large flake graphite, a 96.3% concentrate purity (+150 mesh cumulative) and the completion of a Preliminary Economic Assessment (PEA). The PEA outlines 22 years of production at 27.4% Cgr (LOM), direct capital costs of $89.9M and production costs of $390/tonne.\n\n \n \nBerkwood's Lac Gueret East Graphite Property consists of 63 claims totalling 3402 Ha and is adjacent to the eastern boundary of Mason Graphite's Lac Gueret Property. As Mason Graphite work toward milestones on their Lac Gueret project which include an update of the mineral resource estimate, completion of a 15,000 metre drilling program, results from more detailed metallurgical test work and completion of a Feasibility Study (see Mason Graphite news release dated October 2, 2013), Berkwood also intends to step up exploration efforts on its Lac Gueret East Graphite Property. During prospecting by Berkwood in 2012 the first graphite bearing zone on the Property was discovered (see Berkwood news release dated October 29, 2012) and this year four additional contiguous claims where acquired by the Company which cover a reported graphite showing discovered in 2011 during geological mapping by government geologists of Geologie Quebec. The graphite mineralization is described as massive with elevated Cgr values (see Berkwood news release dated July 18, 2013).\n\n \n \n \n\n\nClick Image To View Full Size\n\n \n\n\nClick Image To View Full Size\n\n \n\n \n \nBrian Buchanan CEO and President of Berkwood states, \"We plan to aggres...