viewBerkwood Resources Ltd

Berkwood Resources gearing up to be busy on the ground at Lac Gueret South graphite project


The flagship project is the Lac Guéret Extensions graphite property in Manicouagan County, Quebec

Mining picture

Quick facts: Berkwood Resources Ltd

Price: 0.015 CAD

Market: TSX-V
Market Cap: $1.05 m
  • Drilling has shown large scale, high grade graphite
  • Project lies beside Mason Graphite's (CVE:LLG) big deposit soon to go into production
  • Experienced management

What Berkwood Resources does:

Berkwood Resources Ltd (CVE:BKR) describes itself as a group 'plugged into' high tech minerals.

The firm is on the hunt for commodities, which enable the 'modern revolution' in technology and is led by a team with collectively over 200 years' experience, who have been involved with the discovery of several producing mines, it states.

The flagship project is the Lac Guéret Extensions graphite property in Manicouagan County, Quebec, which is three hours driving time from the city of Baie-Comeau, and which has numerous forest roads running through it.

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 288 claims totalling over 15,000 hectares. It is now one of the largest landholders in the area.

Notably, the Lac Guéret project directly borders Mason Graphite’s property (which Berkwood's management developed) 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.

Other properties in the Berkwood portfolio are the Cobalt ford property, the Delbreuil lithium property, and the Roscoe vanadium site.

How is it doing:

It's been a positive spell of late for Berkwood. In June this year, it raised C$231,000 to advance its properties.

And on July 16, a major milestone was reached, with the publication of a maiden resource for the Zone 1 deposit of the Lac Gueret South project in Quebec, which showed substantial resources and potentially robust recoveries.

In the higher confidence indicated category, the report pegged 299,200 tonnes of graphite at 17% from 1.76 million tonnes of material. In the inferred category, the study shows 250,200 tonnes at 16.4% graphite from 1.53 million tonnes.

Berkwood crews are currently  being mobilised to the project to carry out surface sampling.

The aim is to locate and test zones, which may be comparable to the key Zone 1 graphite discovery, where large flake, high grade material has been found.

Notably, at Zone 1 so far four drill programs have been carried out and 44 holes (6,006 meters) sunk with visual graphite hit in every hole to date, with significant intercepts observed in 41 holes.

"We've discovered the Zone 1 graphite deposit and it's got three distinct graphite outcrops, which we anticipate are connected but we can't tell that just yet," Tom Yingling, chief executive of Berkwood, told Proactive Investors last week.

He added that, excitingly, if there was enough tonnage and in a production scenario, these near surface deposits would potentially be able to feed a future, centrally located processing facility.

Sampling is now focused on five high priority locations where workers have previously reported multiple high-grade samples at surface.

Inflection points:

  • Further graphite discoveries or any other discoveries across the portfolio
  • Sampling results
  • Expanding the Lac Gueret South project mineral resource

What the boss says:

"These five existing areas on our property, they already outcrop. They've been discovered in the past and not only that, they've been sampled, and they do have graphite," Tom Yingling, chief executive of Berkwood, told Proactive Investors in a recent video.

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