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Berkwood Resources Ltd (3)
Symbol BKR
Shares Issued 33,744,794
Close 2018-04-25 C$ 0.15
Market Cap C$ 5,061,719
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Berkwood drills 130.55 m of graphite at Lac Gueret

2018-04-26 10:21 ET - News Release

Mr. Thomas Yingling reports

BERKWOOD RESOURCES ANNOUNCES OVER 130.55 METER VISUAL GRAPHITE INTERSECTION FROM PHASE 3 DRILLING.

Berkwood Resources Ltd. has intersected significant intersections of visible graphite during its phase 3 drill program, including one drill hole that has a 130.55 123.93-metre intersection with an 87.53-metre true thickness. The nine completed holes totalled 1,481.4 m of HQ core to objective depths. Eight of the nine holes contained significant graphite intervals as listed on a table available on-line.

"I am very pleased to announce the successful completion of the third phase of drilling with all three phases combined totalling over 4,000 metres now. The Berkwood team is also pleased to announce that we have drilled a 123 124 metre intersection of graphite with a true thickness of 87.5 metres. We are continuing to unravel the structural and geological disposition of the Lac Gueret South zone 1 graphite body. So we continue the exciting but painstaking work required as Berkwood endeavours to chart a focused and efficient program to define the potential for an economically minable resource. Field crews performed detailed structural logging and analysis of previous drill core -- and we are increasing our structural capabilities through new collaboration with Terrane Geosciences. Once complete we will have a 3-D model of our graphite body providing a clearer more detailed picture of the size and geometry of our zone 1 graphite body. We are making progress in stages, and continue with each successive phase to build on the great results we have enjoyed since discovery," stated Tom Yingling, president and chief executive officer. "Critically, the exploration potential for a significant graphite deposit has continued to be supported by the phase 3 campaign."

Edward Lyons, PGeo (British Columbia, Quebec, Newfoundland), stated: "The drilling in phase 3 focused on expanding knowledge in and adjacent to the previously drilled areas. One outcome is increased recognition of intervals of lower-grade graphite interlayered with high-grade material. Some relatively narrow true-width intervals with lower grades may represent lateral extensions of thicker zones. Industry and metallurgical experience in highly metamorphic graphitic rocks has shown that the medium and lower graphite grade material can yield higher percentages of coarse flake graphite recovery, making these units potentially of similar economic value. The true widths and persistence of graphite in almost all of Berkwood's drill holes to date show the potential of the zone 1 anomaly. Planned geophysical studies ahead of phase 4 will refine our geological and structural model to guide drill placement."

BK1-23-18 was drilled across the margin of the anomaly to test the limits of graphite mineralization. No graphite was encountered. Deposit definition will require some tests of the margins in order for the company to design a more efficient drill program. This is typical exploration testing.

Lac Gueret South zone 1

Lac Gueret South is located in Cote Nord, Que., a three-hour drive from Baie-Comeau in an area with very good infrastructure. The project lies directly south of Mason Graphite's advanced Lac Gueret project. Mason is developing one of the largest medium- to high-grade graphite deposits in the world.

Including the phase 3 campaign, the company has drilled 27 holes on zone 1 that total 4,006 m. The company is pleased to announce it has intersected visual graphite in every hole drilled to date, with significant Cgr intercepts being observed in 26 holes. Success in these drill programs confirms that a significant component of the distinct electromagnetic conductors that occur over a two-kilometre strike length and 50 metres to 600 metres in width as defined by airborne EM geophysics (see the Berkwood news release dated Feb. 10, 2015) includes graphite mineralization.

Mr. Lyons, PGeo (British Columbia, Quebec, Newfoundland), is a qualified person under the definition of Canadian National Instrument 43-101, and has approved the technical information in this news release. Mr. Lyons has worked extensively on the Lac Gueret property, now owned by Mason, and neighbouring graphite properties since 2000.

About Berkwood Resources Ltd.

Berkwood is engaged in exploration for the commodities that enable the modern revolution in essential technologies. These technologies are dependent upon the ethical mining and supply of naturally occurring elements and minerals that enhance the performance of energy storage systems and permit the development and miniaturization of new electronics and structural components for the new suite of innovative tools. The company is led by a team with collectively over 100 years of experience and the members of which have been involved with the discovery of several producing mines.

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