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Posts tagged ‘Berkwood Resources Ltd (BKR)’

Update: Berkwood Resources continues to drill visible graphite in Quebec

August 31st, 2017

by Greg Klein | updated August 31, 2017

Assays have yet to arrive, but two holes reported last week and another five on August 31 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.

Berkwood Resources continues to drill visible graphite in Quebec

The first seven holes have brought observable
encouragement to Berkwood Resources’ Lac Gueret South.

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.

Berkwood Resources intersects visible graphite as Quebec drilling continues

August 22nd, 2017

This story has been updated and moved here.

Berkwood Resources adds lithium to Quebec energy metals portfolio

July 11th, 2017

by Greg Klein | July 11, 2017

Seeing lithium potential in the gold-laden Abitibi, Berkwood Resources TSXV:BKR announced a 3,064-hectare acquisition called the Delbreuil project on July 11. Located in a region known for lithium showings, the property features spodumene-hosting pegmatites and historic lithium assays.

Berkwood Resources adds lithium to Quebec energy metals portfolio

One historic, non-43-101 result from a pegmatite sample graded 1,290 ppm lithium and 126 ppm tantalum. Historic drilling also brought results for zinc, nickel, copper, silver and cobalt. Satellite imagery suggests multiple outcrops have high potential for hosting additional pegmatite intrusions, the company added.

Now being planned is Delbreuil’s first lithium-specific program, with Phase I field work to include prospecting, mapping and till sampling.

Subject to approvals, Berkwood gets the road-accessible project for 2.1 million shares and $15,000.

The property would complement Berkwood’s portfolio of energy metals projects in Quebec. Last month the company announced an agreement to acquire the Cobalt Ford property in the infrastructure-rich Côte-Nord region. Previous work on the 2,176-hectare property revealed three base metals showings as well as historic, non-43-101 samples of 904 ppm and 1,480 ppm cobalt.

Last year’s work on the company’s Lac Gueret South graphite project, meanwhile, produced grab samples from Zone 1 averaging 4.99% carbon-as-graphite within a range of 0.04% to 36.3% Cgr in the vicinity of large geophysical anomalies. The property’s located about three hours by road from the city of Baie-Comeau.

Graphite Digest — May 25, 2012

May 25th, 2012

May 25, 2012

Industrial Minerals reports 12% Drop in Graphite Prices

Natural graphite prices have fallen for the first time since March 2009, according to a May 23 Industrial Minerals article by Simon Moores. Large-flake graphite of +80 mesh grading 94% to 97% carbon fluctuated between $2,500 and $2,700 a tonne during 18 months of strong demand. Now prices have fallen as much as 12%, to between $2,200 to $2,700 per tonne. The smaller flake of -100 mesh, grading 94% to 97% C, fell by $100 to the $1,900-to-$2,300 range.

Slowing economies in China and Europe caused the decline, observers say. Moores reports that traders in the European market point to an industrial slowdown in the continent’s biggest consumer, Germany. Graphite demand is closely tied to the steel industry, which suffers from economic uncertainty, particularly in Eurozone countries, he writes.

Nevertheless a past-producing German graphite mine will reopen on June 21, according to a May 24 Industrial Minerals article by Jessica Roberts. Graphit Kropfmühl projects eventual production of 5,000 tonnes a year at its Kropfmühl Mine.

Watch excerpts from Simon Moores’ presentation at the Toronto Graphite-Express Conference.

Focus Metals now Focus Graphite

Effective May 25 Focus Metals Inc began trading as Focus Graphite Inc TSXV:FMS. The stock symbol remains the same. The new name was approved by shareholders on May 3 and formally announced May 24. The company describes its flagship Lac Knife Property in northeast Quebec as the world’s highest-grade technology graphite resource.

Lac Knife’s PEA is scheduled for release June 7. In cooperation with L’institut de recherche d’Hydro-Québec, Focus plans to open a production facility for battery-grade spherical graphite by the end of 2013, producing about 10,000 tonnes of 95% material for the first 12 months. The goal for 2015 is 15,000 tonnes. Focus also holds a 40% interest in Grafoid Inc, a JV created to find proprietary methods of manufacturing graphene using unprocessed graphite ore from Lac Knife.

Read more about the Hydro-Québec agreement and an interview with Focus President/CEO Gary Economo.

Read an interview about Focus’ Kwyjibo REE-Copper Project.

Read a feature story about Focus Metals.

Zenyatta reports North Ontario Graphite Assays of 6.6% C over 170m

Zenyatta Ventures Ltd TSXV:ZEN announced May 24 assays from its Albany Graphite Deposit in north Ontario. Results show

  • 6.6% carbon over 170 metres
    (including 6.5% over 88 metres)
    (and including 7.1% over 76 metres)

Individual samples assayed as high as 13.1%. Results are pending for another hole collared at the same location but drilled in the opposite direction. The collar is 450 metres from the project’s original discovery hole, which intersected eight separate and extensive breccia zones. Albany is 30 kilometres from the Trans-Canada Highway, a powerline and natural gas pipeline, 70 kilometres from rail and about five kilometres from an all-weather road.

Read a feature story about Zenyatta Ventures.

Energizer, Malagasy report Madagascar Graphite Results of 8.44% C over 106m, select Molo Deposit for Production, announce Appointments

Energizer Resources Inc TSX:EGZ and Malagasy Minerals Ltd announced May 24 assays from the Molo Graphite Deposit of their Joint Venture Property in south Madagascar. Results show

  • 8.44% carbon over 106 metres(including 11.17% over 37 metres)
  • 7.25% over 27 metres
  • 5.42% over 41 metres
  • 5.77% over 28.6 metres

Energizer holds a 75% interest and acts as project operator on the Joint Venture Property, which surrounds Energizer‘s wholly owned Green Giant Graphite-Vanadium Property on three sides.

Following airborne surveys, ground geophysics, mapping, trenching and 29 drill holes on a number of potential graphite deposits, Energizer chose the JV Property’s Molo Deposit for a graphite-resource estimate and to begin open-pit mine construction with production targeted for 2014 or 2015. The company’s evaluation includes metallurgical analysis, which confirms that jumbo-flake (+50 mesh) graphite at an average purity of 93% C can be liberated through simple crushing of graphite.

Energizer also announced the appointment of Albert A Thiess Jr as Director and Chair of Capital Projects and Mine Development Committee. Thiess brings over 35 years of accounting, finance and management experience to the company. Also appointed to the committee is Peter D. Liabotis, a chartered accountant with over 15 years experience.

Read an interview with Energizer Resources VP Business Development Brent Nykoliation.

Read feature stories about Energizer Resources’ vanadium deposit and its graphite deposits.

Uragold seeks Shareholder Approval for Reverse Stock Split

Uragold Bay Resources Inc TSXV:UBR announced May 24 that its directors propose to consolidate issued and outstanding common shares. Under the resolution, every four existing common shares would be consolidated into one new common share. The resolution will be submitted to shareholders at the June 19 AGM and is subject to TSXV approval. The resolution would allow, but not compel, the board to consolidate stock up to nine months after shareholder approval. The board’s decision will be based on market conditions. The company stated that consolidation would enhance the its liquidity, share marketability and shareholder profitability.

Uragold holds gold properties in south Quebec’s Appalachian belt and the Asbury Graphite Property in southwest Quebec. The properties have extensive historic exploration and well-established infrastructure. Uragold‘s business model focuses on developing a series of potential small-scale low-cost mining operations for potential cashflow while exploring other properties.

Graphite One drops Alaska Gold Project, begins Graphite Exploration

Graphite One Resources Inc TSXV:GPH announced May 24 it has relinquished its option on the Kelly Creek Gold Property in Alaska. The company will instead focus on its 3,108-hectare Graphite Creek Property, 65 kilometres north of Nome on Alaska’s Seward Peninsula.

The company has begun a helicopter-borne TDEM survey comprising both magnetics and electromagnetics of approximately 690 line-kilometres flown at 50-metre-spaced lines. The $4.5-million program will consist of prospecting, geological mapping, sampling and drilling along conductors delineated from the survey and previously defined graphite-bearing schist. The goal is to move the project towards a resource estimate. Graphite Creek is three kilometres from intertidal waters at Windy Cove, approximately 20 kilometres from roads and three kilometres from an airstrip.

Flinders reports Sweden Graphite Results including 11.8% C over 13.6m

Flinders Resources Ltd TSXV:FDR announced May 24 assays from its Kringel Deposit in east-central Sweden. Highlights include

  • 11.8% carbon over 13.6 metres
  • 7.6% over 18.3 metres
  • 7.9% over 15.8 metres
  • 8.9% over 14 metres
  • 8.2% over 14.3 metres
  • 7.6% over 15.3 metres
  • 9.5% over 11.3 metres
  • 7.6% over 12.6 metres

The Kringel Mine operated from 1996 to 2001, when production stopped due to falling graphite prices. The project has been on care and maintenance since. The Kringel Graphite Project has an historic, non-43-101 resource estimate of 6.9 million tonnes grading 8.8% in four separate deposits. The mine site has a non-43-101 estimate of 1.3 million tonnes grading 11.3%. Flinders intends to bring historic resource estimates into 43-101 compliance and test for extensions of the deposit below 50 metres and along strike. The resource estimates are scheduled for completion around the end of July.

Bolero appoints Paul Ogilvie CEO, grants Options, announces Intention to change Name

Bolero Resources Corp TSXV:BRU announced May 23 the appointment of Paul Ogilvie as CEO. R. Bruce Duncan has resigned as President/CEO and has been appointed Executive Chairman. Ogilvie has been granted one million options at $0.20 per share, which are subject to vesting over a six-month period and exercisable for five years. In 2007, he led a private investment group in the redevelopment of Industrial Minerals Inc, now known as Northern Graphite Corp TSXV:NGC. Starting in 2009, Ogilvie served as CEO/Director/Founder of MEGA Graphite Inc. The company also announced its intention to change its name to Canada Carbon Inc. (Update: On October 5, 2012, Bolero Resources Corp began trading as Canada Carbon Inc TSXV:CCB.)

Bolero‘s Maria Graphite Claims cover approximately 2,000 hectares in east Ontario, 17 kilometres from the Trans-Canada Highway and completely surrounding Northern Graphite‘s Bissett Creek Deposit. The company plans to begin work shortly.

Lomiko announces Drill Program, Resource Estimate Target Date

Lomiko Metals Inc TSXV:LMR announced May 22 a drill program of up to 70 holes on its Quatre Milles Graphite Property in south Quebec. Drilling will focus on verifying the areas of historic, non-43-101 high-grade results reported by Graphicor Resources. Lomiko plans to complete Phase I and II, followed by a flake-graphite resource estimate, by December.

The company’s 1,600-hectare Quatre Milles Property and 2,180-hectare Quatre Milles West Property are approximately one hour’s drive from the mining centre of Val-d’Or and 26 kilometres by paved road from the Trans-Canada Highway. Lomiko also has a zinc discovery on its 5,407-hectare Vines Lake Property in the Cassiar Gold Camp in the Liard Mining District of northwest BC. Further exploration is planned for this summer. The property has year-round paved road access via Highway 37N.

Read a feature story about Lomiko Metals.

Berkwood options Quebec Graphite Property

Berkwood Resources Ltd TSXV:BKR announced May 22 an option to earn a 100% interest in the Lac Gueret East Graphite Property in north-central Quebec. Under the agreement, Berkwood pays three prospectors a total of $25,000 on signing, $35,000 and 750,000 units (consisting of one share and one warrant exercisable for 24 months at $0.15) within seven days of TSXV approval, $75,000 and 500,000 shares six months after TSXV approval, $75,000 and 375,000 shares 12 months after TSXV approval and $75,000 and 375,000 shares 18 months after TSXV approval. The vendors share a 2% NSR, half of which Berkwood may buy for $1,000,000.

The 3,186-hectare property borders the eastern boundary of Mason Graphite’s Lac Gueret Property, about three hours by road from the deep-sea port of Baie-Comeau. Graphite in the area is present in marbles and in contact with or within paragneisses and ranges from 3% to 40% carbon, with flakes up to 5 mm in diameter, Berkwood stated. The company’s program includes compilation of historic work, an airborne electromagnetic survey, surface follow-up, stripping, trenching and drilling.

Disclaimer: Focus Graphite Inc and Lomiko Metals Inc are clients of OnPage Media, and the principals of OnPage Media may hold shares in those companies.

By Greg Klein

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