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Berkwood Resources Ltd (2)
Symbol BKR
Shares Issued 27,949,684
Close 2016-04-19 C$ 0.015
Market Cap C$ 419,245
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Berkwood's Lac Gueret samples return average 4.99% Cgr

2016-04-20 09:19 ET - News Release

Mr. George Gorzynski reports

BERKWOOD RESOURCES ANNOUNCES LAC GUERET SOUTH GRAPHITE PROJECT ANALYSES (QUEBEC) AND RESIGNATION OF DIRECTOR

Berkwood Resources Ltd. has received analytical results from grab samples taken from the zone 1 and zone 2 geophysical anomaly areas on the Lac Gueret South graphite project in Quebec. These large anomaly areas are almost entirely hidden under muskeg and soil with only rare outcrops of bedrock sticking out of the muskeg in their vicinities. A total of 11 rock grab samples were collected in the vicinity of the zone 1 anomaly and returned analyses averaging 4.99 per cent Cgr (carbon as graphite) within a range of 0.04 per cent Cgr to 36.3 per cent Cgr. Only one bedrock sample was found and collected in the vicinity of the zone 2 anomaly, which returned an analysis of 0.49 per cent Cgr.

The presence of significant values of carbon as graphite found in the vicinity of these mainly hidden large geophysical anomalies is interpreted to indicate that the anomalies are probably large graphite zones.

Further exploration in the form of trenching and drilling is planned, subject to financing, for the Lac Gueret South graphite project on the zone 1 and zone 2 anomalies in order to evaluate the size, continuity, quantity and quality of the graphite mineralization.

The rock grab samples were collected during the geophysics survey which defined the zone 1 and zone 2 anomalies on the ground (see Berkwood news release dated Jan. 12, 2016, for details).

Zone 1 is characterized by two individual electromagnetic anomaly limbs over a two-kilometre length and a 50-metre-to-600-metre width, as defined by earlier airborne geophysics (see Berkwood news release dated Feb. 10, 2015). The western part of this zone was better delineated with four VLF-EM (very-low-frequency-electromagnetic) and 22 PhiSpy ground geophysical anomalies over an apparent 800-metre length and up to a 300-metre width. This western area is interpreted as a potential bulk graphite zone interlayered within the hinge of a complex fold. The limbs thin to 50 metres in width farther to the east.

Zone 2 lies immediately south of the Mason Graphite claim boundary and along strike from the graphite zones of Mason Graphite, which are being readied for production (see below for details). A total of two VLF-EM and 15 PhiSpy ground geophysical anomalies confirm the occurrence of two parallel east-west anomaly limbs, with the main anomaly limb measuring one kilometre in length and 60 metres in width.

Resignation of director

Berkwood announces that Brian Hall has resigned from the board of directors. The company thanks Mr. Hall for his years of service and wishes him good fortune in his future pursuits. Berkwood is now searching for a suitable replacement who can help the company in its search for new business ventures.

We seek Safe Harbor.

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