logo-loader
viewBerkwood Resources Ltd

Berkwood Resources finds three large surface graphite outcrops

The company also said work on its Phase 4 definition drilling program on Zone 1 at Lac Gueret South is now complete

Pictured is an aerial photo of the graphite outcrop which measured over 60 length
Graphite outcrop which measured over 60 length in Quebec

Berkwood Resources Ltd (CVE:BKR) has boosted the potential of its Lac Gueret South project in Quebec, saying it had found three large graphite outcrops.

The company also said work on its Phase 4 definition drilling program on Zone 1 at the company's 100% owned Lac Gueret South project is now complete.

READ: Berkwood Resources strikes finance deal with Intact Gold for Lac Gueret South ahead of PEA

"We're pleased to have completed Phase 4 by the start of 2019 and even more pleased to have exposed 3 very Large Graphite outcrops," said  Tom Yingling, the president and CEO at Berkwood.

"Having graphite at surface improves the economics significantly as it means that if we go into production the very first shovel in the ground makes money without the expensive and timely need to remove large amounts of waste rock."

The company CEO added: "The phase 4 campaign will enable our deposit model to be improved to support preparation of a preliminary resource statement.

"In the event that we require more drilling to achieve this goal, we are fully financed to complete another drill program."

Phase four was designed to extend eastward and to infill drill portions of the current mineralized model.

Berkwood drilled 16 new NQ diameter diamond core holes for 2,078 m (meters) to bring the total drilling at Zone 1 to 5,940 m over 43 drill holes.

While moving the drill from one pad to another, three large Graphitic outcrops were discovered, one of them over 60 meters in length, it added.

Lac Gueret South is located in Cote Nord, eastern Quebec and comprises 288 claims, which cover a total area of 15,552 hectares.

Before starting the Phase 4 campaign, Berkwood had drilled 27 holes on Zone 1 that totals 4,006m (meters).

Contact Giles at [email protected]

Follow him on Twitter @Gile74

Quick facts: Berkwood Resources Ltd

Price: 0.025 CAD

TSX-V:BKR
Market: TSX-V
Market Cap: $1.59 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Berkwood Resources Ltd named herein, including the promotion by the Company of Berkwood Resources Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

2 min read