Mr. Thomas Yingling reports
BERKWOOD MOBILIZES A SURFACE SAMPLING PROGRAM AT ITS LAC GUERET GRAPHITE
PROJECT MINERALISED EXTENSIONS.
Berkwood Resources Ltd. has mobilized field crews to its Lac Gueret extension
projects, located adjacent to its Lac Gueret South graphite project in Quebec, for the immediate collection of surface
graphite exposure samples and for the collection of near-surface conductor distribution data by Beep Mat. Based upon
the recent news release regarding the company's robust pit-constrained mineral resource at its Lac Gueret South
project (news release of July 16, 2019), the company has determined that a potential long-term graphite production strategy
is further served by evaluating multiple proximally located podiform graphite deposits (comparable with its centrally
located Zone 1 project) to feed a future, centrally located conceptual 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, in the context of resource learning, acquired from the
evaluation of its drilled Zone 1 occurrence, further assessed the historic sampling of known graphite exposure in the
area. The review has isolated a number of high-priority targets, some of which have returned high-grade samples
during work by previous entities. The presently planned geophysics and sampling campaign will target at least five
identified areas (including the eastern extension of Zone 1), including three high-priority locations where previous
workers have previously reported multiple high-grade samples at surface. The five target zones will be prospected,
sampled and surveyed on the strength of:
- Historic sampling exercises;
- Airborne geophysical anomalies;
- Ease of access and proximity to the core Zone 1 project.
The program as envisaged will access the targets using existing roads and forest trails and will not include further
access development as part of the present program. The initiative is lead by Quebec-based field teams with channel
sampling being supervised by Steven Lauzier, professional geoscientist, of Acton Vale, Que.
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 advanced Lac Gueret project to the
south. With a market capitalization of over $43-million, Mason owns one of the largest high-grade graphite deposits
in the world and is planning on building a new graphite mine and processing plant.
Lac Gueret South's Zone 1
The project arises from two distinct electromagnetic conductors that occur over a two-kilometre length and up to 600
metres in width as defined by airborne EM geophysics (see the Berkwood news release dated Feb. 10, 2015). The
western part of this zone was further defined by ground VLF and EM surveys: four VLF and 22 contiguous PhiSpy
EM conductors have been detected over an apparent 800 metres length and up to 300 metres width. This western
area was interpreted as a potential bulk graphite zone interlayered within the hinge of a complex fold system. Based
upon the geophysics, drilling confirmed the presence of high-interest graphite. Since discovery, four separate drill
programs have been executed on the western extent of Berkwood's Zone 1 graphite body for a total of 45 holes and
6,006 metres completed. This work lead to the recent completion and announcement of a pit-constrained resource
comprising 1.76 million tonnes of 17 per cent carbon as graphite as an indicated resource and 1.53 million tonnes of
inferred resource at 16.4 per cent carbon as graphite (refer to news release of June 16, 2019).
Tom Yingling, president and chief executive officer, states: "Berkwood is in the process of demonstrating a viable conceptual hub
resource location at its Zone 1, Lac Gueret South, prospect location. The coarse nature of the naturally occurring
graphite, and the compelling in situ grades, has stimulated our determination to rapidly locate and evaluate certain
nearby zones of Zone 1 lookalike graphite occurrences. These occurrences are of interest as they could support our
emerging hub-and-spoke mining feed model, which envisions an integrated graphite production scenario that depends
upon shallow production from multiple podiform deposits. The model would offer maximum optionality in production
scheduling and extended resource life. The existence of a number of nearby known high-grade occurrences and some
geophysical Zone 1 lookalike targets has motivated Berkwood to galvanize this rapid sampling and shallow
geophysical initiative so as to expedite definition of proximal feed sources; these will compliment the potential of the
Zone 1 prospect, where the recently reported resource underpins Berkwood's near-term plans for next steps."
Edward Lyons, professional geoscientist, 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 whose members have been involved with the discovery
of several producing mines.
We seek Safe Harbor.
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