VANCOUVER, British Columbia,
April 10, 2012 /PRNewswire/ --
Berkwood Resources Ltd.(TSX-V SYMBOL: BKR) ("Berkwood") is pleased
to announce plans for the 2012 exploration season at its 100% owned
Prospect Valley Gold Property near Merritt, British Columbia, Canada.
The planned 2012 exploration program at Prospect Valley will
consist of data compilation, prospecting, soil sampling, mapping
and diamond drilling. This work will aim to both extend the
NI43‑101 Mineral Resources in the North and South Discovery Zones
and carry out exploration on some of the many other known gold
prospects on the property, that have seen minimal exploration to
date. The 2012 exploration program has been submitted to government
authorities for permitting which is expected soon.
Berkwood's geological team has produced a set of detailed
geophysical models, outlining the North Discovery and South
Discovery Zones. The models are based on the recently reproduced
Initial Mineral Resource Estimate on the Prospect Valley Gold
Property (see Berkwood news release dated January 25, 2012 for details). The maps can be
viewed on the Berkwood Resources website by clicking here.
President and Director, Brian
Buchanan said, "We are very pleased with the work that
our geological team is carrying out in preparation for our 2012
exploration program at Prospect Valley. We are excited to get back
to work and continue proving up the great potential of the
property."
George Gorzynski, P.Eng. a
Director of Berkwood and a Qualified Person under the definition of
Canadian National Instrument 43-101, is responsible for the
technical information in this new release.
The PV Mineral Resource estimates were taken from a report
posted on www.sedar.com and written by Henry J. Awmack, P.Eng. of Equity Exploration
Consultants Ltd. and Gary H. Giroux,
P.Eng. of Giroux Consultants Limited, both Qualified Persons under
the definition of Canadian National Instrument 43-101.
About Berkwood Resources
Berkwood holds a 100% interest in the Prospect Valley Gold
Property near Merritt,
BC. To date, several areas of gold mineralization
have been identified on the 107 km(2) property. The majority
of historic drilling has taken place in the centre of the claim
block along a prominent north-northeast trending linear
zone. This drilling outlined NI43-101 compliant Inferred
Mineral Resources totaling 166,000 ounces grading 0.511 g/t
gold in 10,077,000 metric tonnes above a
cut-off grade of 0.30 g/t gold at the combined Discovery South
and Discovery North Zones (see Berkwood news release dated
January 25, 2012 for details). The
zones remain open for expansion and other known zones of gold
mineralization have yet to be drilled.
Berkwood also has a 100% interest in the Cimandiri Gold
Property in Indonesia, located
120km south of Jakarta,
approximately 3 hours driving time. The project is located 9km
southwest of the Cikondang Gold open pit mine. Soil sampling and
geological mapping are being carried out on the property at
present, and will continue to report material results as they are
received.
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For additional information please contact:
Karim Sayani, Corporate
Communications
Tel: (604) 662-7455 E-mail: karim@berkwoodresources.com
Tom Steer, Media Relations
Manager
Tel: (604) 681-5556 E-mail: tomsteer@berkwoodresources.com
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 limitations,
competitive factors, general economic conditions, customer
relations, relationships with vendors and strategic partners, the
interest rate environment, 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. 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.