viewBerkwood Resources Ltd

Berkwood Resources now has land package at Lac Gueret of 25,180 hectares - the largest in region

The increased land package comes via the acquisition of 1137794 B.C. Ltd - a private BC firm

Graphite is used in batteries - pictured

Berkwood Resources Ltd (CVE:BKR) has increased its footprint at the Lac Gueret project in Quebec to 25,180 hectares, giving the firm the largest land package in the region.

It comes via the acquisition of 1137794 B.C. Ltd, which is  a private British Columbia company.

Berkwood will issue 2.8mln shares by way of a share exchange agreement and make  a cash payment of C$25,000.

Additionally, the recently acquired land includes coverage of an electromagnetic anomaly associated with Mason Graphite's Lac Gueret project.

The Berkwood 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.

As previously reported, Berkwood is currently proceeding with phase 3 drilling at the site, which continues to develop and define the zone 1 graphite zone.

Last week, Berkwood said it  was continuing to find high grade graphite at Lac Gueret South.

Five HQ diamond drill holes were drilled at the zone 1 graphite body in this phase 2 program, the firm said,  with every hole intersecting visible graphite (Cgr).

Assays showed average grades in the range of 13.64 to 21.86% graphite and true thicknesses ranging from 20.9 to 71.1 metres with shorter high-grade interior graphite intervals.

"I am pleased we have succeeded in demonstrating significant graphite in large true thicknesses in our continuing exploration and evaluation programme," said Tom Yingling, the president and chief executive had said.

Quick facts: Berkwood Resources Ltd

Price: 0.02 CAD

Market: TSX-V
Market Cap: $1.41 m

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