by Greg Klein | updated August 31, 2017
Assays have yet to arrive, but two holes reported last week and another five today have all produced near-surface core with visible graphite from Berkwood Resources’ (TSXV:BKR) Lac Gueret South project. The Phase I program calls for nine more shallow holes between about 60 and 120 metres in depth.
The company cautioned that visible indications don’t necessarily coincide with significant grades. But the results do justify continuing the program as planned, Berkwood stated.
Lac Gueret South borders the property hosting Mason Graphite’s (TSXV:LLG) high-grade graphite deposit. A 2014 airborne EM survey over Berkwood’s land found several zones of high conductivity.
Last week’s news from the property’s Site #1 reported 3.1 metres and 38.29 metres of visible graphite from BK1-01-17, along with 2.7 metres and 9.9 metres from BK1-02-17. The depths corresponded with electromagnetic conductors.
Among new findings from Site #2, about 110 metres north, BK1-03-17 displayed the right stuff in seven intervals ranging between 1.46 metres and 28.2 metres in width.
Another Site #2 hole, BK1-04-17 showed graphite “continuously from 26.7 metres to 79.24 metres in variable amounts and styles,” Berkwood stated.
At Site #3, another 65 kilometres north, BK1-05-17 revealed graphite over four intervals with thicknesses between 3.2 metres and 14.12 metres. BK1-06-17 brought intervals of 13.22 metres and 1.14 metres.
About 87 metres east, BK1-07-17 on Site #4 showed 5.94 metres of graphite.
True widths weren’t provided.
The company holds two land parcels adjacent to the Mason property, Berkwood’s 100%-optioned, 5,714-hectare Lac Gueret South and the 100%-held, 2,052-hectare Lac Gueret East. The properties sit about three hours by road from the deep-sea port of Baie-Comeau.
Last month the company announced acquisition of the Delbreuil property in Quebec’s Abitibi, where an historic, non-43-101 sample assayed 1,290 ppm lithium and 126 ppm tantalum. Historic drill results also showed zinc, nickel, copper, silver and cobalt.
In another energy mineral acquisition last June, Berkwood announced an agreement to take on the Cobalt Ford property, located about four hours’ driving time from Baie-Comeau. Historic, non-43-101 work suggests prospectivity for base metals as well as cobalt.
This week the company closed private placements totalling $985,180.