VANCOUVER, British Columbia,
Jan. 5, 2012 /PRNewswire/
-- Berkwood Resources Ltd. (TSX-V SYMBOL:
BKR.V) ("Berkwood" or "the Company") wishes to announce
that effective January 3rd, 2012,
Altair Ventures Inc. and the Company (formerly Consolidated Spire
Ventures Ltd.) mutually agreed to terminate their two stage option
agreement, signed on July 20, 2009,
with respect to Berkwood's Prospect Valley gold project near
Merritt, BC. Berkwood will
now control 100% of the Property and act as the operator.
About Berkwood Resources Ltd.
Berkwood now holds a 100% interest in the Prospect Valley
Gold Property in Merritt,
BC. To date, several areas of gold mineralization
have been identified in the 10,790 hectare property. The
majority of historic drilling has taken place in the centre of the
claim block along a prominent north-northeast trending linear zone
that includes the Discovery South Zone, the Discovery North Zone,
and the NE Extension Zone. The project is currently in
advanced stages of exploration.
Berkwood also has a 100% interest in the Cimandiri Gold
Property in Indonesia, located
120km south of Jakarta,
approximately 3 hours driving time. Railway lines are nearby,
with the closest rail station located only 8km from the property.
The project is located approximately 9km southwest of the
Cikondang Gold open pit mine. Berkwood has carried out
initial mapping and geochemical sampling during the first 7 months
of exploration, and will continue to report material results as
they are received.
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.
If you are not currently on the Berkwood Resources updates list,
please contact Karim Sayani,
Corporate Communications at 604-662-7455, or click here to opt
in to the list online:
http://www.berkwoodresources.com/contact.html. For additional
information please visit the Berkwood website at
www.berkwoodresources.com.
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.
