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Berkwood Resources says sampling at Lac Gueret Extensions Graphite property justifies more exploration

In any potential production scenario, these near surface deposits would be able to feed a centrally located processing facility

Berkwood Resources Ltd -
Highlight assays showed up to 55.8% graphitic carbon (Cg) and channel samples up to 32.12% Cg over seven metres

Berkwood Resources Ltd (CVE:BKR) posted encouraging exploration results from seven selected zones of its Lac Gueret Extensions property in Quebec, which may well now be included in the group's hub and spoke graphite production model.

The Lac Gueret Extensions property lies around the Lac Gueret South Graphite project. In the latter, a maiden resource showed 299,200 tonnes of graphite in the higher confidence indicated category.

READ: Berkwood Resources completes surface sampling at Lac Gueret graphite project

As previously reported, the firm's focus has been on locating and testing zones, which may be comparable to the firm's key Zone 1 graphite discovery at Lac Gueret South project, where large flake, high-grade material has been found.

In any potential production scenario, these near surface deposits would be able to feed a centrally located processing facility.

Today's sample results hail from a recently completed sampling and Beep Mat prospecting program. Highlight assays showed up to 55.8% graphitic carbon (Cg) and channel samples up to 32.12% Cg over seven metres.

"We are elated at the results returned by the initial grab and channel sampling from Zone 6: these data justify a trench and drill program at Zone 6, which is now a very strong candidate for inclusion in our hub and spoke graphite production model," said CEO Thomas Yingling.

"Results from four other Zones also motivate for mechanical trenching, and the Zone 1 result confirms our thesis that there remains substantial potential along strike upside at the Zone 1 resource location of at least 500m."

Shares shot  up over 14% in early deals in Toronto to stand at C$0.04.

---updates for share price--

Contact the author at [email protected]

Quick facts: Berkwood Resources Ltd

Price: 0.025 CAD

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