Proactiveinvestors USA & Canada Berkwood Resources Ltd https://ca.proactiveinvestors.com Proactiveinvestors USA & Canada Berkwood Resources Ltd RSS feed en Wed, 20 Feb 2019 07:07:59 -0500 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Canada adds 67,000 jobs last month, but gains in natural resources sector fall slightly; unemployment rate goes up ]]> https://ca.proactiveinvestors.com/companies/news/214279/canada-adds-67000-jobs-last-month-but-gains-in-natural-resources-sector-fall-slightly-unemployment-rate-goes-up-214279.html The latest Canada jobs report showed the number of people in a job increasing 67,000 during the month, though the number of people engaged in the natural resources sector fell slightly compared to the previous month.

Total employment in Canada came in at around 18.8 million, up 327,000 or 1.8% compared to the same time last year.

But the unemployment rate was up two percentage points at 5.8%.

Ontario and Quebec lead gains

Employment rose in the six Canadian provinces, led by Ontario and Quebec.

But employment declined in Alberta and Saskatchewan, while it was little changed in British Columbia and Prince Edward Island.

Overall employment gains were entirely driven by private sector employees, and the service sector drove growth, led by wholesale and retail trade, professional, scientific and technical services, along with public administration.

In the natural resources, or mining sector, the number of jobs fell 1.3% compared with December at 339,500 jobs but compared with January last year, the figure was up 2.2%.

The report showed that the services sector saw a gain of 99,200 new roles, led by new work in wholesale and retail trade, while the goods-producing industries experienced a net loss of 32,300 jobs.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Fri, 08 Feb 2019 08:49:00 -0500 https://ca.proactiveinvestors.com/companies/news/214279/canada-adds-67000-jobs-last-month-but-gains-in-natural-resources-sector-fall-slightly-unemployment-rate-goes-up-214279.html
<![CDATA[Media files - Berkwood Resources has big flakes, but in Graphite that’s a good thing ]]> https://ca.proactiveinvestors.com/companies/stocktube/12143/berkwood-resources-has-big-flakes-but-in-graphite-thats-a-good-thing-12143.html Thu, 07 Feb 2019 16:20:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/12143/berkwood-resources-has-big-flakes-but-in-graphite-thats-a-good-thing-12143.html <![CDATA[News - Berkwood Resources hails metallurgical testing for Lac Gueret South, which underscores potential for mining ]]> https://ca.proactiveinvestors.com/companies/news/214198/berkwood-resources-hails-metallurgical-testing-for-lac-gueret-south-which-underscores-potential-for-mining-214198.html Berkwood Resources Ltd (CVE:BKR) hailed what it called "superb" results from initial metallurgical testing at the Lac Gueret South deposit in Quebec, which underlines its suitability for graphite extraction.

The testing showed two highly desirable features in the graphite concentrates produced, the Vancouver-based firm said in a statement.

The first advantage is the abundance of coarse graphite flakes, which were recovered intact, and the second is the high graphitic carbon grade of the concentrate produced.

READ: Berkwood Resources finds three large surface graphite outcrops

Berkwood's metallurgy program is being overseen by experienced metallurgist Michel Robert who served for nine years at Teck Corporation and was senior vice president for Pan American Silver Corp from 1995 to 2001.

He was a co-founder, developer and the metallurgist in the early stages of Quinto Exploration's graphite discovery now being put into production by Mason Graphite (TSE-LLG), which lies 8km south of Lac Gueret South.

"Even when compared against a global suite of graphite prospects, projects and mines, it is extremely rare to see graphite concentrates that are readily processed to yield both an abundance of large flakes AND high graphitic carbon grade. Berkwood's initial Graphite process samples have, to date, delivered on both these highly desirable and therefore potentially valuable characteristics," Robert said.

Fully funded to complete resource model

Tom Yingling, the CEO and president of Berkwood, said: "With these positive metallurgical results, I now look forward to integrating our recently completed fourth drill program data into our geologic model: this work is expected to underpin an evaluation of requirements for the preparation of a mineral resource estimate for publication. Berkwood is fully funded to complete the required resource model, including any requirement for further drilling."

The work was carried out on two composite samples together comprising about 400kg of material from 41 samples taken from six drill holes.

In all, 36 tests were carried out, including bulk tests, to perform either calibration steps in the process design, or to run the complete chain of selected processes.

Berkwood shares are unchanged at $0.075.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Thu, 07 Feb 2019 09:41:00 -0500 https://ca.proactiveinvestors.com/companies/news/214198/berkwood-resources-hails-metallurgical-testing-for-lac-gueret-south-which-underscores-potential-for-mining-214198.html
<![CDATA[Media files - Berkwood Resources buys back 5% of their Lac Gueret Graphite Project ]]> https://ca.proactiveinvestors.com/companies/stocktube/12040/berkwood-resources-buys-back-5-of-their-lac-gueret-graphite-project-12040.html Thu, 31 Jan 2019 12:32:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/12040/berkwood-resources-buys-back-5-of-their-lac-gueret-graphite-project-12040.html <![CDATA[News - Berkwood exercises right to buy back 5% interest in Progressive Planet ]]> https://ca.proactiveinvestors.com/companies/news/213549/berkwood-exercises-right-to-buy-back-5-interest-in-progressive-planet-213549.html Berkwood Resources Ltd (CVE:BKR) (OTCMKTS:CZSVF) said Tuesday that it has exercised its right to buy back the 5% interest acquired by Progressive Planet Solutions Inc. (CVE:PLAN) in October.

The Vancouver-based mining firm said in a statement that it has issued 1.75 million units to Progressive, with each unit consisting of one common share and one-half warrant. Each whole warrant is exercisable into an additional common share at an exercise price of $0.15 per share for two years.

Shares of Berkwood were unchanged at C$0.08 in Tuesday’s Canadian trading.

READ: Berkwood Resources finds three large surface graphite outcrops

"Progressive Planet is a good strategic partner,” Berkwood CEO Tom Yingling said in a statement. “We are also very happy to exchange at a price that is over market, giving our shareholders added value."

The securities have been issued with the required hold period of four months plus one day.

The company added that it recently drilled 16 diamond core holes for 2,078 meters at the Lac Gueret South project in Quebec. That brings the total drilling at Zone 1 to 5,940 meters over 43 drill holes.

The project is directly south of the Lac Gueret project operated by Mason Graphite Inc (CVE:LLG) (OTCMKTS:MGPHF).

The stock of Progressive Planet fetched C$0.04 in Tuesday’s Canadian trading.

Earlier this month, Berkwood reported finding three large graphite outcrops at the Lac Gueret South project.

Contact Dennis Fitzgerald at dennis@progressiveinvestors.com

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Tue, 29 Jan 2019 13:21:00 -0500 https://ca.proactiveinvestors.com/companies/news/213549/berkwood-exercises-right-to-buy-back-5-interest-in-progressive-planet-213549.html
<![CDATA[News - Berkwood Resources finds three large surface graphite outcrops ]]> https://ca.proactiveinvestors.com/companies/news/212711/berkwood-resources-finds-three-large-surface-graphite-outcrops-212711.html 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 giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Wed, 16 Jan 2019 09:36:00 -0500 https://ca.proactiveinvestors.com/companies/news/212711/berkwood-resources-finds-three-large-surface-graphite-outcrops-212711.html
<![CDATA[Media files - Berkwood Resources completes 4th drill program at Lac Gueret graphite project ]]> https://ca.proactiveinvestors.com/companies/stocktube/11853/berkwood-resources-completes-4th-drill-program-at-lac-gueret-graphite-project-11853.html Wed, 16 Jan 2019 07:04:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/11853/berkwood-resources-completes-4th-drill-program-at-lac-gueret-graphite-project-11853.html <![CDATA[News - Berkwood Resources strikes finance deal with Intact Gold for Lac Gueret South ahead of PEA ]]> https://ca.proactiveinvestors.com/companies/news/211855/berkwood-resources-strikes-finance-deal-with-intact-gold-for-lac-gueret-south-ahead-of-pea-211855.html Berkwood Resources Ltd (CVE:BKR) announced a boost for its Lac Gueret South graphite property in Quebec -  as it finalised a $125,000 project finance agreement.

The deal with Intact Gold Corp, can see Berkwood earn a 2.5% interest in the project if it spends $125,000 on the project by December 31, 2018.

READ: Berkwood Resources closes $186,800 third tranche of placement

During a period of six months, either party will have the right to execute a buyback, in which Berkwood would buy the 2.5% back by paying Intact 875,000 Berkwood units.

Each unit allows Intact to receive one share and one-half warrant of the company.

"I am very pleased to have Intact partnered with our near-term advancement of our Lac Gueret South discovery," said Tom Yingling, president and CEO at Berkwood.

"We are determined to advance the project toward a preliminary economic assessment as soon as is practical, and we are thrilled to have the financial support and technical endorsement of Intact as we prepare to drive the project forward."

Last month, the firm revealed that phase four drilling at Zone 1 of Lac Gueret South was continuing.

The work is aimed at extending eastward and to infill drill portions of the current geological model ahead of a potential preliminary resource estimate.

So far, Berkwood has drilled nine new holes for 1,080 meters of newly acquired core on Phase 4, to bring the total drilling at Zone 1 to 5,086 meters over 36 drill holes.

Before the phase four work, Berkwood has sunk 27 holes on zone 1 totaling 4,006 metres of drilling. Phase four is intended to comprise upward of 2,000m (meters) of core drilling.

Lac Gueret South lies in Cote Nord, eastern Quebec, which is a three-hour drive north from Baie-Comeau in an area with very good infrastructure.

It lies directly south of Mason Graphite's advanced Lac Gueret project. Mason is developing one of the largest medium-to high-grade graphite deposits in the world.

It consists of 288 claims which cover a total area of 15,552 hectares.

Shares added over 7% in Toronto to stand at $0.075 each.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @gile74

---Updates for share price rise---

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Wed, 02 Jan 2019 08:56:00 -0500 https://ca.proactiveinvestors.com/companies/news/211855/berkwood-resources-strikes-finance-deal-with-intact-gold-for-lac-gueret-south-ahead-of-pea-211855.html
<![CDATA[News - Berkwood Resources closes $186,800 third tranche of placement ]]> https://ca.proactiveinvestors.com/companies/news/211779/berkwood-resources-closes-186800-third-tranche-of-placement-211779.html Berkwood Resources Ltd (CVE:BKR) has received regulatory approval and has closed its third and final tranche of flow-through financing offered for an additional $186,800.04.

The Vancouver-based junior resource exploration company said Thursday it has issued 2,075,556 units at $0.09 each. Each unit comprised one flow-through common share and one-half warrant, with each whole warrant exercisable into one common share at a price of $0.15 for a period of two years.

BIG PICTURE: Berkwood Resources is making significant progress on the Lac Guéret Extensions graphite project in Quebec

Proceeds of the private placement will be used to develop the company's properties located in Quebec. All securities have been issued with a hold period expiring on April 28, 2019.

A finder's fee has also been agreed to be paid in accordance with the policies of the TSX Venture Exchange.

 

Contact Rene Pastor at  rene.pastor@proactiveinvestors.com

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Fri, 28 Dec 2018 08:54:00 -0500 https://ca.proactiveinvestors.com/companies/news/211779/berkwood-resources-closes-186800-third-tranche-of-placement-211779.html
<![CDATA[News - Berkwood Resources closes third tranche on private placement ]]> https://ca.proactiveinvestors.com/companies/news/211721/berkwood-resources-closes-third-tranche-on-private-placement-211721.html Berkwood Resources Ltd (TSX-V:BKR) will close a third and final tranche of flow-through financing offered on an additional C$186,800.04 and will issue 2,075,556 units at C$0.09, subject to the approval of the TSX Venture Exchange.

The graphite- and cobalt-focused company said each unit will comprise one flow-through common share and one-half warrant, with each whole warrant exercisable into one common share at a price of C$0.15 for a period of two years from closing.

All securities will be subject to a four-month plus one day hold period from closing.

BIG PICTURE: Berkwood Resources is making significant progress on the Lac Guéret Extensions graphite project in Quebec

A finder's fee has also been agreed to be paid in accordance with the policies of the TSX-V.

Proceeds of the private placement will be used to develop the Vancouver-based company's properties located in Quebec.

The issuance of the securities and the finder's fee are subject to the final approval of the TSX Venture Exchange.

Berkwood Resources engages in the acquisition, exploration, and development of natural resource properties in Canada. The company is based in Vancouver.

 

Contact Rene Pastor by rene.pastor@proactiveinvestors.com

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Mon, 24 Dec 2018 08:46:00 -0500 https://ca.proactiveinvestors.com/companies/news/211721/berkwood-resources-closes-third-tranche-on-private-placement-211721.html
<![CDATA[Media files - Berkwood Resources provides update on Phase 4 drilling at Graphite project in Quebec ]]> https://ca.proactiveinvestors.com/companies/stocktube/11643/berkwood-resources-provides-update-on-phase-4-drilling-at-graphite-project-in-quebec-11643.html Wed, 19 Dec 2018 11:33:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/11643/berkwood-resources-provides-update-on-phase-4-drilling-at-graphite-project-in-quebec-11643.html <![CDATA[News - Berkwood Resources completes second tranche of private placing ]]> https://ca.proactiveinvestors.com/companies/news/211494/berkwood-resources-completes-second-tranche-of-private-placing-211494.html Berkwood Resources Ltd (CVE:BKR) said it had completed the second tranche of a flow-through private placing - raising additional funds of $224,460.

The company will issue over 2.49 million units at $0.09 each, it said in a regulatory statement Wednesday.

Funds raised will be used to develop the company's properties located in Quebec and for working capital.

Each unit will consist of one flow-through share and one-half warrant.

Each whole warrant is exercisable into one share for $0.15 for two years from closing.

The company owns the Lac Guéret Extensions Project, in Quebec, which is prospective for graphite.

It consists of 38 claims covering 2,052 hectares, while Berkwood also has an option to earn a 100%-interest in the Lac Guéret South Block, which consists of a further 106 claims for 5,714 hectares.

On Friday last week, the group said phase four drilling at Zone 1 of Lac Gueret South was continuing.

The work is aimed at extending eastward and to infill drill portions of the current geological model ahead of a potential preliminary resource estimate.

So far, Berkwood has drilled nine new holes for 1,080 meters of newly acquired core on Phase 4, to bring the total drilling at Zone 1 to 5,086 meters over 36 drill holes.

Notably, one hole hit 102.45 meters (not a true width) of continuous graphite mineralization.

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Wed, 19 Dec 2018 07:40:00 -0500 https://ca.proactiveinvestors.com/companies/news/211494/berkwood-resources-completes-second-tranche-of-private-placing-211494.html
<![CDATA[News - Berkwood Resources has started and continues drilling at Lac Gueret South project ]]> https://ca.proactiveinvestors.com/companies/news/211248/berkwood-resources-has-started-and-continues-drilling-at-lac-gueret-south-project-211248.html Berkwood Resources Ltd (CVE:BKR) said phase four drilling at Zone 1 of the company's Lac Gueret South project in Quebec was continuing.

As revealed last week, the work is aimed at extending eastward and to infill drill portions of the current geological model ahead of a potential preliminary resource estimate.

So far, Berkwood has drilled nine new holes for 1,080 meters of newly acquired core on Phase 4, to bring the total drilling at Zone 1 to 5,086 meters over 36 drill holes.

READ: Berkwood Resources continues to advance understanding of Quebec project as it kicks off latest drill programme

Notably, one hole hit 102.45 meters ( not a true width) of continuous graphite mineralization.

Berkwood also revealed it was engaged in collecting selected surface channel samples above the drill hole trace to assist with enhancing the geological model.

This current drill program is also being informed by the so-called Mise-A-La-Masse (MALM) geophysical program carried out during the recent fall season.

This charged known graphite intercepts in one hole at grounding within two Cgr (graphite) intercepts respectively located at 130 meters and 170 meters downhole.

A surface survey grid consisting of 9 N/S (north-south) lines arranged 100 meters apart, with lengths ranging between 525 meters and 750 meters established over the western portion of the historic airborne and ground-delineated EM conductive resistivity anomaly.

"We're pleased to share the MALM results with the public," Tom Yingling,  the president and CEO of Berkwood, told investors. "The Phase 4 campaign integrates our deposit model generated through drilling Phases 1 to 3 with the MALM data to drill with the purpose of assembling sufficient information for the preparation of a preliminary resource statement."

Lac Gueret South lies in Cote Nord, Quebec, which is a three-hour drive north from Baie-Comeau in an area with good infrastructure, according to the company.

The project lies directly south of Mason Graphite's (CVE:LLG) advanced Lac Gueret project.

Mason is developing one of the largest medium-to high-grade graphite deposits in the world.

 

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Fri, 14 Dec 2018 08:45:00 -0500 https://ca.proactiveinvestors.com/companies/news/211248/berkwood-resources-has-started-and-continues-drilling-at-lac-gueret-south-project-211248.html
<![CDATA[News - Berkwood Resources to close funding of C$350,000 ]]> https://ca.proactiveinvestors.com/companies/news/210905/berkwood-resources-to-close-funding-of-c350000-210905.html Berkwood Resources Ltd (CVE:BKR) announced today it received conditional approval to close its private placement of C$352,641.96.

Funds raised will be used to develop the company's properties located in Quebec and for working capital.

Shares of the company perked up 6.7% at C$0.08 on Monday. 

The company said it will issue 3,918,244 units at C$0.09 per unit. Each unit comprises one common share and one warrant, with each whole warrant exercisable into one common share at a price of C$0.15 cents for a period of two years from closing.

The company said the securities will be subject to a four-month plus one day hold period and is still subject to final approval from the TSX Venture Exchange. 

The company owns the Lac Guéret Extensions Project, in Quebec, which is prospective for graphite.

It consists of 38 claims covering 2,052 hectares, while Berkwood also has an option to earn a 100%-interest in the Lac Guéret South Block, which consists of a further 106 claims for 5,714 hectares.

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Mon, 10 Dec 2018 15:46:00 -0500 https://ca.proactiveinvestors.com/companies/news/210905/berkwood-resources-to-close-funding-of-c350000-210905.html
<![CDATA[News - Berkwood Resources continues to advance understanding of Quebec project as it kicks off latest drill programme ]]> https://ca.proactiveinvestors.com/companies/news/210795/berkwood-resources-continues-to-advance-understanding-of-quebec-project-as-it-kicks-off-latest-drill-programme-210795.html Berkwood Resources Ltd (CVE:BKR) continues to expand its knowledge of its Lac Gueret South project as it revealed it was poised to begin the phase four definition drill program at the site in Quebec.

The program is aimed at extending eastward, and to infill drill portions of the current geological model ahead of a potential preliminary resource estimate.

READ: Berkwood Resources closes project finance deal with Progressive Planet for Lac Gueret South

The present model was based on oriented core logged geology in early 2018, and has been refined by the Mise-A-La-Masse (MALM) geophysical program models derived from the ground survey conducted in the Fall of this year.

"The carefully staged approach to improving our mineral occurrence knowledge at the project continues with each successive phase to build on the great results we have enjoyed since discovery," said Tom Yingling, the president and CEO at Berkwood.

"Critically, the phase 4 campaign is intended to allow the learning from our initial metallurgical tests to be integrated with our deposit model and MALM data to drill with the purpose of assembling sufficient information for the preparation of a preliminary resource statement: We remain thrilled with our steady, cost-effective progress toward this next critical milestone."

Before this phase four work, Berkwood has sunk 27 holes on zone 1 totalling 4,006 metres of drilling. Phase four is intended to comprise upward of 2,000m (meters) of core drilling.

Lac Gueret South lies in Cote Nord, eastern Quebec, which is a three-hour drive north from Baie-Comeau in an area with very good infrastructure.

It lies directly south of Mason Graphite's advanced Lac Gueret project. Mason is developing one of the largest medium-to high-grade graphite deposits in the world.

It consists of 288 claims which cover a total area of 15,552 hectares.

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Fri, 07 Dec 2018 09:47:00 -0500 https://ca.proactiveinvestors.com/companies/news/210795/berkwood-resources-continues-to-advance-understanding-of-quebec-project-as-it-kicks-off-latest-drill-programme-210795.html
<![CDATA[News - Berkwood Resources closes first tranche of funding ]]> https://ca.proactiveinvestors.com/companies/news/210584/berkwood-resources-closes-first-tranche-of-funding-210584.html Berkwood Resources Ltd (CVE: BKR) has closed the first tranche of its private placement worth $534,070.08.

A total of 5,934,112 units will be issued at $0.09. Each unit will comprise of one flow-through common share and one-half warrant. A whole warrant can be exercised at $0.15 over the next two years.

READ: Berkwood Resources closes project finance deal with Progressive Planet for Lac Gueret South

All the new securities are subject to a four-month-plus-one-day hold period from the closing of the placement.

The company owns the Lac Guéret Extensions Project, in Quebec, which is prospective for graphite.

It consists of 38 claims covering 2,052 hectares, while Berkwood also has an option to earn a 100%-interest in the Lac Guéret South Block, which consists of a further 106 claims for 5,714 hectares.

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Wed, 05 Dec 2018 07:45:00 -0500 https://ca.proactiveinvestors.com/companies/news/210584/berkwood-resources-closes-first-tranche-of-funding-210584.html
<![CDATA[News - Berkwood Resources closes project finance deal with Progressive Planet for Lac Gueret South ]]> https://ca.proactiveinvestors.com/companies/news/208168/berkwood-resources-closes-project-finance-deal-with-progressive-planet-for-lac-gueret-south-208168.html Berkwood Resources Ltd (CVE:BKR) has closed a $250,000 project finance deal with Progressive Planet Solutions Inc (CVE:PLAN) to advance the Lac Gueret South graphite property.

The terms mean Progressive Planet can earn a 5% interest in the property in exchange for the $250,000 by the end of 2018.

READ: Berkwood shares surge 19% as it announces electromagnetic work at Quebec graphite project

"I am very pleased to have Progressive Planet partnered with our near-term advancement of our Lac Gueret South discovery," said Tom Yingling, president and chief executive of Berkwood.

"We are determined to advance the project toward a preliminary economic assessment as soon as is practical, and we are thrilled to have the financial support and technical endorsement of PLAN as we prepare to drive the project forward."

During six months, either party will have the right to execute a buyback scenario in which Berkwood would purchase the 5% interest back by issuing to Progressive Planet 1.75 million units in Berkwood.

Each unit will entitle Progressive Planet Solutions to receive one share and one-half warrant.

The  Lac Gueret South project is broadly analogous to the high-grade Mason Graphite deposit.

The project comprises 288 claims which cover a total area of 15,552 hectares.

Three drill programs have been completed to date with 27 holes drilled recovering over 4,000m of drill core. Of the holes drilled, 26 of the 27 had significant graphite intersections.

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Tue, 30 Oct 2018 15:18:00 -0400 https://ca.proactiveinvestors.com/companies/news/208168/berkwood-resources-closes-project-finance-deal-with-progressive-planet-for-lac-gueret-south-208168.html
<![CDATA[News - Berkwood Resources' new electromagnetic survey at Lac Gueret South to help inform drilling ]]> https://ca.proactiveinvestors.com/companies/news/207785/berkwood-resources-new-electromagnetic-survey-at-lac-gueret-south-to-help-inform-drilling-207785.html Berkwood Resources Ltd (CVE:BKR) is poised for what's called a mise-a-la-masse (MALM) geophysical program at the Lac Gueret South graphite project in Quebec.

The work is aimed at improving the understanding of how the graphite mineralization at its Lac Gueret zone 1 discovery is distributed, and to help in extending the existing geological model, ahead of informing targets for a drill campaign.

MALM is an older electromagnetic technique that operates by placing a DC current electrode in a known, readily chargeable horizon from a downhole location and tracing the electric current distribution via either on-surface or in-drill-hole placed receivers.

"I am very pleased to have mobilizing the MALM survey: This application of geophysics is targeted specifically to inform what we hope is the next drill program required for the company to prepare a resource model that will enable the Berkwood to undertake a preliminary economic assessment of Lac Gueret," said Tom Yingling, president and chief executive officer.

"We are focused on advancing the zone 1 discovery with maximum efficiency, and the MALM survey is a key tool in our quest to most effectively model the mineralization."

Lac Gueret South lies in Cote Nord, which is a three-hour drive from Baie-Comeau in an area of very good infrastructure, such that the property is accessible by road year-round.

The project lies directly south of Mason Graphite's advanced Lac Gueret project.

At Lac Gueret South's zone 1, two distinct electromagnetic conductors appear over a 2km length and 50 metres to 600 metres in width as defined by airborne electromagnetic geophysics.

Three separate drill programs have been carried out on Berkwood's zone 1 graphite body for a total of over 4,000 metres.

All 27 holes have mineralization and 26 holes of these have intersected significant graphite.

On the company's airborne EM anomaly, it has drilled an area about 300 m by 300 m, leaving a large anomalous area that is as yet untested by drilling.

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Wed, 24 Oct 2018 14:00:00 -0400 https://ca.proactiveinvestors.com/companies/news/207785/berkwood-resources-new-electromagnetic-survey-at-lac-gueret-south-to-help-inform-drilling-207785.html
<![CDATA[News - Berkwood Resources makes public 3-D model for Lac Gueret zone 1 ]]> https://ca.proactiveinvestors.com/companies/news/205904/berkwood-resources-makes-public-3-d-model-for-lac-gueret-zone-1-205904.html Berkwood Resources Ltd (CVE:BKR) has made public its 3-D preliminary geological model for the Lac Gueret zone 1 graphite discovery in Quebec.

This is based upon 4006m (meters) of wireline core drilling carried out over three campaigns of work by the firm in 2017 and 2018.

"We hope shareholders will review the model video presentation and will be as buoyed with the evident potential of the Zone 1 discovery as we are!" said chief executive Tom Yingling.

"The company is focussed on maximising the predictive aspects of the work thus far to ensure that the next campaigns of work will be as efficient as possible in bringing us to a reportable resource that is underpinned and guided by our metallurgical learning as well as the MALM and drill-bit generated data."

The aim of the model is to  assist the firm with planning for an electromagnetic (EM) geophysical survey and a campaign of further drilling with a view to extending the known mineralization at Lac Gueret Zone 1.

The company expects  for the next campaign of drilling to furnish the data and knowledge required for the preparation of a reportable graphite resource report.

The firm is targeting a resource sufficient for the preparation of a preliminary economic assessment (PEA) report.

Berkwood shares are unchanged at $0.07.

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Thu, 27 Sep 2018 12:41:00 -0400 https://ca.proactiveinvestors.com/companies/news/205904/berkwood-resources-makes-public-3-d-model-for-lac-gueret-zone-1-205904.html
<![CDATA[News - Berkwood shares surge 19% as it announces electromagnetic work at Quebec graphite project ]]> https://ca.proactiveinvestors.com/companies/news/203515/berkwood-shares-surge-19-as-it-announces-electromagnetic-work-at-quebec-graphite-project-203515.html Berkwood Resources Ltd (CVE:BKR) shares headed north as it revealed it had sent its geophysics crew to the Zone 1 graphite target at its Lac Gueret South project in Quebec.

They will be conducting a Mise a la Masse electromagnetic programme intended to further define the graphite discovery at the zone, where 27 HQ diamond drill holes have been sunk over three programmes and every hole hit visible graphite.

READ: Berkwood Resources raises C$320,000 to help develop Quebec properties

The Zone 1 discovery lies 8km southwest of Mason Graphite's deposit, which is the subject of a current feasibility study.

Berkwood believes the deposit has a similar structure to the Lac Gueret deposit, which hosts one of the highest-grade graphite deposits in the world.

Mason is concluding its permitting process to start development in 2018.

This will benefit Berkwood as the commissioning of an adjacent mine will ensure the development infrastructure in the area.

"We look forward to receiving the results and furthering the understanding of our Zone 1 graphite discovery," Tom Yingling, president and chief executive at Berkwood, said.

"We are also very honoured to welcome the SIDEX fund and Fonds de Solidarite FTQ as new shareholders; we are thrilled that SIDEX has financed the work programmes proposed at the Lac Gueret graphite and the Ford cobalt project and that the Fonds de Solidarite FTQ has provided working capital as part of their common Field-Action 2018 programme."

Berkwood shares advanced 18.75% to C%0.095 in Toronto.

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Thu, 23 Aug 2018 14:32:00 -0400 https://ca.proactiveinvestors.com/companies/news/203515/berkwood-shares-surge-19-as-it-announces-electromagnetic-work-at-quebec-graphite-project-203515.html
<![CDATA[News - Berkwood Resources raises C$320,000 to help develop Quebec properties ]]> https://ca.proactiveinvestors.com/companies/news/201678/berkwood-resources-raises-c320000-to-help-develop-quebec-properties-201678.html Berkwood Resources Ltd (CVE:BKR) announced Thursday that it has raised C$320,000 in its private placement, with 3.2mln units at C$0.10 per unit.

The company said each unit comprises one common share and one warrant. Each whole warrant is exercisable into one common share at a price of C$0.13 cents for a period of two years from closing.

The company said funds will be used to develop the company's properties located in Quebec and general working capital.

READ: Berkwood Resources is making significant progress on the Lac Guéret Extensions graphite project in Quebec

 All securities will be subject to a four-month-plus-one-day hold period from closing.

The issuance of the securities is subject to the final approval of the TSX Venture Exchange. 

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Thu, 26 Jul 2018 11:40:00 -0400 https://ca.proactiveinvestors.com/companies/news/201678/berkwood-resources-raises-c320000-to-help-develop-quebec-properties-201678.html
<![CDATA[News - Berkwood Resources is making significant progress on the Lac Guéret Extensions graphite project in Quebec ]]> https://ca.proactiveinvestors.com/companies/news/198791/berkwood-resources-is-making-significant-progress-on-the-lac-guret-extensions-graphite-project-in-quebec-198791.html Berkwood Resources Ltd (CVE:BKR) holds the Lac Guéret Extensions graphite property in Manicouagan County, Quebec, three hours driving time from the city of Baie-Comeau. Easy access is provided via a major secondary road and numerous tertiary forest roads that run through the property.

The 100%-owned Lac Guéret East Block consists of 38 claims covering 2,052 hectares. Berkwood also has an option to earn a 100%-interest in the Lac Guéret South Block which consists of 106 claims totalling 5,714 hectares. It is now one of the largest landholders in the area.

Contiguous project owned by Mason Graphite is well advanced

Berkwood’s Lac Guéret project directly borders Mason Graphite’s property to the east and south and shares similar prospective geology including along-strike stratigraphic units, structure and geophysical anomalies.

Mason Graphite’s project has at least 75mln tonnes of high grade large flake graphite, and has already demonstrated robust economics showing a US$160mln cost to build the mine, a 2.5 year payback and a minimum of 24 years of mine life.

What’s more, there are significant other graphite showings in the area.

Good recent progress at Lac Guéret

Berkwood has recently completed three drill programs for a total of 4,006 metres. 27 holes were drilled and all hit mineralization, with 26 of the 27 holes having significant graphite intersections. One hole intersected 17.37% Cgr across 130 metres. Graphite grades returned have run as high as 33%.

Drill programme represents a success, says QP

“With the 130 metres intercept near surface and a length-weighted composite grade of 17.37% Cgr, the Phase 3 drill program represents a success,” says Edward Lyons, the company’s project lead and qualified person.

“The importance of the thinner intersections is that they can mark the edges of thicker beds of graphite. Industry and metallurgical experience in highly metamorphic graphitic rocks has shown that the medium and lower graphite grade material can yield higher percentages of coarse flake graphite recovery, making these units potentially of similar economic value. The true widths and persistence of graphite in almost all of Berkwood’s drill holes to date show the potential of the Zone 1 anomaly.”

More work to be done, and money in the bank to do it

Notwithstanding the recent drill success, a large anomalous area remains to be tested, and could add further significant mineralisation to the roster. The company raised C$1.5mln at the beginning of 2018, so is funded for a while yet.

 

 

 

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Wed, 13 Jun 2018 13:08:00 -0400 https://ca.proactiveinvestors.com/companies/news/198791/berkwood-resources-is-making-significant-progress-on-the-lac-guret-extensions-graphite-project-in-quebec-198791.html
<![CDATA[News - Berkwood Resources hails success of Phase 3 drill programme at Lac Gueret South ]]> https://ca.proactiveinvestors.com/companies/news/196265/berkwood-resources-hails-success-of-phase-3-drill-programme-at-lac-gueret-south-196265.html Berkwood Resources Ltd (CVE:BKR) said its third drill programme at the Lac Gueret South project continued to produce high-grade graphite assays.

A total of nine holes were drilled in the Phase 3 drill programme with every hole intersecting visible graphite.

READ: Berkwood Resources says eight of nine holes drilled at Lac Gueret South zone 1 had significant graphite intervals

Of the nine holes drilled, eight of them intersected significant mineralisation with one hole having 17.37% Cgr over 130.55m with a true thickness of 87.5m, while grades have been returned as high as 33.88%.

Berkwood said the three drill programmes on its Zone 1 graphite body have found intercepts that support an evolving structural model of multiple recumbently folded horizon(s) hosting thicker and more consistent graphitic intervals of high grade and wide true thicknesses that suggests strong continuity in the system.

The graphite lies near surface to open-pit mineable depths similar to the depths drilled by Mason Graphite for its planned open pit development, which is about eight kilometres to the north-east.

"With the 130m intercept near surface and a length-weighted composite grade of 17.37% Cgr, the Phase 3 drill programme represents a success,” said Edward Lyons, a technical advisor to Berkwood.

“The importance of the thinner intersections is that they can mark the edges of thicker beds of graphite. Industry and metallurgical experience in highly metamorphic graphitic rocks has shown that the medium and lower graphite grade material can yield higher percentages of coarse flake graphite recovery, making these units potentially of similar economic value. The true widths and persistence of graphite in almost all of Berkwood's drill holes to date show the potential of the Zone 1 anomaly," he added.


 

 

 

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Wed, 02 May 2018 09:59:00 -0400 https://ca.proactiveinvestors.com/companies/news/196265/berkwood-resources-hails-success-of-phase-3-drill-programme-at-lac-gueret-south-196265.html
<![CDATA[News - Berkwood Resources says eight of nine holes drilled at Lac Gueret South zone 1 had significant graphite intervals ]]> https://ca.proactiveinvestors.com/companies/news/195896/berkwood-resources-says-eight-of-nine-holes-drilled-at-lac-gueret-south-zone-1-had-significant-graphite-intervals-195896.html Berkwood Resources Ltd. (CVE:BKR) said that it has intersected significant intersections of visible graphite during its phase 3 drill program at the at Lac Gueret South zone 1 in Quebec.

This includes one drill hole that has a 130.55 123.93-metre intersection with an 87.53-metre true thickness.

READ: Berkwood Resources completes definition drilling programme on zone 1 of Lac Gueret South

In a statement, the company said the nine completed holes totalled 1,481.4 m of HQ core to objective depths and that eight of the nine holes contained significant graphite intervals.

Tom Yingling, president and chief executive officer said: "We are continuing to unravel the structural and geological disposition of the Lac Gueret South zone 1 graphite body.

“So we continue the exciting but painstaking work required as Berkwood endeavours to chart a focused and efficient program to define the potential for an economically mineable resource.

The company plans to collaborate with Terrane Geosciences to improve its structural capabilities.

Yingling added that once complete, the company will have a 3-D model of its graphite body, providing a clearer, more detailed picture of the size and geometry of its zone 1 graphite body.

“We are making progress in stages, and continue with each successive phase to build on the great results we have enjoyed since discovery. Critically, the exploration potential for a significant graphite deposit has continued to be supported by the phase 3 campaign"

READ: Berkwood Resources now has land package at Lac Gueret of 25,180 hectares - the largest in region

Edward Lyons, PGeo said: "The drilling in phase 3 focused on expanding knowledge in and adjacent to the previously drilled areas.

“One outcome is increased recognition of intervals of lower-grade graphite interlayered with high-grade material. Some relatively narrow true-width intervals with lower grades may represent lateral extensions of thicker zones.

The true widths and persistence of graphite in almost all of Berkwood's drillholes to date show the potential of the zone 1 anomaly. Planned geophysical studies ahead of phase 4 will refine our geological and structural model to guide drill placement."

“Planned geophysical studies ahead of phase 4 will refine our geological and structural model to guide drill placement," Lyons said.

Lac Gueret South zone 1 is located directly south of Mason Graphite's advanced Lac Gueret project.

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Thu, 26 Apr 2018 11:36:00 -0400 https://ca.proactiveinvestors.com/companies/news/195896/berkwood-resources-says-eight-of-nine-holes-drilled-at-lac-gueret-south-zone-1-had-significant-graphite-intervals-195896.html