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Berkwood Resources Intersects Visible Graphite at Lac Gueret South Project
August 22, 2017 / TheNewswire / VANCOUVER, B.C. - Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) ("Berkwood" or the "Company") is pleased to announ
About this update from First Canadian Graphite Inc.
[{"type":"text","content":"August 22, 2017 / TheNewswire / VANCOUVER, B.C. - Berkwood Resources Ltd. (TSX-V: BKR, FSE: BK2, WKN: A110N3) (\"Berkwood\" or the \"Company\") is pleased to announce that it has completed two holes and collared a third on its Lac Gueret South Graphite Project located in Quebec. The Company is pleased to confirm that the initial two holes have intersected visual graphite at depths consistent with conductive units detected using electromagnetic (\"EM\") geophysical techniques. These techniques were applied by the Company to develop its initial group of targets, and drill pads have been prepared for the initial suite of targeted PhiSpy conductive anomalies, located in the Zone 1 area (refer location descriptions below). The initial holes and their visually logged intercepts are important as they justify continued prosecution of the planned program. The Company anticipates completing up to 14 further inclined drill holes (of between 60m and 120m in length) in this initial phase of work. The drill program started at Site #1 with DDH BK1-01-17 inclined at -45° on azimuth 358°. The 2nd hole on the same site, BK1-02-17, was inclined at -70°. These initial holes were located on the southern margin of the SW extent of a large airborne and ground EM and magnetic anomalous area in order to confirm the modelled dip direction of the large structure and to test for the presence of graphite. The dip on section appears to be about 70° to the south, confirming the geophysical model in this part of Zone 1. The drilling intersected visually identifiable graphite over intercepts at 40.2m - 45.3m (3.1m) and between 99.48 and 137.77m (38.29m) in BK1-01-17; and over intercepts from 43.6 - 46.3 (2.7m) and from 63.1 - 73.0 (9.9m) in BK1-02-17. These intercepts are as drilled intercepts, and do not represent true widths. The reader is cautioned that visual recognition of graphite does not equate to grades of significance. Lac Gueret South Property, Quebec Lac Gueret South is located in Cote Nord, Quebec, a three hour drive from Baie-Comeau in an area of very good infrastructure. The Project directly borders Mason Graphite's (TSX-LLG) advanced Lac Gueret Project to the South. With a market capitalisation of over $200 million Mason owns one of the largest high grade graphite deposits in the world, and is planning on building a new graphite mine and process...