Vancouver, BC / ACCESSWIRE / June 5, 2014 / Berkwood Resources Ltd. (TSX-V: BKR) (the "Company" or "Berkwood") is pleased to announce plans for summer fieldwork on the Prospect Valley Gold Property near Merritt, British Columbia, Canada.
In 2013 geochemical sampling work on the property confirmed the continuity of the main soil anomaly and extended its length to 5000 metres indicating the large extent of the mineralizing system. Click here to view the updated geochemistry map: http://www.berkwoodresources.com/prospect-valley-maps.html. To date, several areas of gold mineralization have been identified on the 10,871 Ha Prospect Valley Gold Property. The majority of historic drilling has taken place in the centre of the claim block, along the Discovery Trend. This drilling has outlined an extensive low grade epithermal gold system with indications of potential for additional and higher grade mineralization. The system remains open for expansion and other known zones of gold mineralization have yet to be drilled (see Berkwood news release dated January 25, 2012 for details).
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The focus of this year's work will be in preparation for a drill program to test potentially higher grade gold mineralization within the core of the Discovery Trend epithermal system. Although subject to financing, current market conditions have reduced drill contract rates and as such Berkwood feels this drilling can be carried out in a low cost, effective manner. Berkwood field crews will be visiting the property in the coming days to assess the condition of access roads, field equipment, company vehicles and the field base camp.
Brian Buchanan, CEO and Director of the Company states: "We are pleased to be in a position to conduct fieldwork at Prospect Valley. This is an important project in regards to Berkwood's growth and Management is very optimistic about what this year's work program could provide, given the large extent of the gold system defined to date."
George Gorzynski, P.Eng., a Director of Berkwood and a Qualified Person under the definition of Canadian National Instrument 43-101, approved the technical information in this new release and is monitoring the field programs.
About Berkwood Resources:
Berkwood also holds a 100% interest in the Lac Gueret East Graphite Property, located in northeastern Quebec. The 3,837 Ha Lac Gueret East Graphite Property consists of 71 claims and is adjacent to the eastern boundary of Mason Graphite's advanced Lac Gueret Project.
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For additional information please contact:
Karim Sayani, Corporate Communications
Tel: (604) 662-7455 E-mail: [email protected]
Tom Steer, Corporate Development
Tel: (604) 681-7455 E-mail: [email protected]
On Behalf of Berkwood Resources
Brian Buchanan, President and Director
This Berkwood News Release contains certain "forward-looking" statements and information relating to Berkwood that are based on the beliefs of Berkwood's management as well as assumptions made by and information currently available to Berkwood's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitation, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. Except as required by law, Berkwood does not assume the obligation to update any forward-looking statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
SOURCE: Berkwood Resources Ltd.