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Berkwood Resources poised for surface sampling at Lac Gueret South graphite project

The plan is to locate and test nearby zones, which are comparable to the Zone 1 graphite occurrences

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Lac Gueret is in Quebec

Berkwood Resources Ltd (CVE:BKR) (OTCMKTS:CZSVF) is planning to move crews by mid-July to its Lac Gueret South graphite project in Quebec for surface sampling.

The plan is to locate and test nearby zones, which are comparable to the Zone 1 graphite occurrences, where the firm identified two distinct electromagnetic conductors from airborne geophysics.

If it came to production, these near surface deposits would potentially be able to feed a future, centrally located processing facility, the company said in a statement.

READ: Berkwood Resources reports promising results from Lac Gueret South deposit in Quebec

At Zone 1, four separate drill programs have been carried out and 44 holes (6,006 meters) completed, where visual graphite has been hit in every hole to date, with significant intercepts being observed in 41 holes.

The preparation of a resource estimate using the assays is in progress.

"Berkwood is in the process of demonstrating a viable conceptual hub resource location at its Zone 1, Lac Gueret South prospect location," said Berkwood Resources CEO Tom Yingling. "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."

Maximum optionality

Yingling said 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 galvanise this rapid sampling and shallow geophysical initiative so as to expedite definition of proximal feed sources: these will complement the potential of the Zone 1 prospect, where we intend to shortly report a resource," said Yingling.

Berkwood added that the sampling and shallow geochemistry program will focus on five high priority locations where previous workers have previously reported multiple high-grade samples at surface.

Shares in Toronto were unchanged at $0.05.

Contact the author at [email protected]

Follow him on Twitter@Gile74

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Price: 0.025 CAD

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