VANCOUVER, British Columbia,
Jan. 10, 2012 /PRNewswire/ --
Berkwood Resources Ltd. (TSX-V SYMBOL: BKR.V)
("Berkwood" or "the Company") announced on January 3, 2012 that it again controls 100% of
the Prospect Valley Gold Property. Plans are now being made
to expand previously drill-defined gold zones and to advance
exploration of the extensive epithermal gold mineralization on the
property.
The Prospect Valley Gold Property covers 107 km2 over
extensive, structurally controlled epithermal gold mineralization
with the potential to host bulk tonnage and/or high grade vein
deposits. It is road-accessible, three hours driving time
from Vancouver, and situated in
proximity to good infrastructure and logistics near Merritt, British Columbia.
To date, several areas of epithermal gold mineralization have
been identified on the property. Since 2006, extensive field
work has included stream sediment geochemistry, extensive grid soil
sampling, ground geophysics (magnetics and induced polarization),
geological mapping, extensive hand trenching, and over 7,000m of
core drilling mainly in the center of the property. This work
outlined a prominent north-northeast trending linear zone that
includes drill- defined gold mineralization at the Discovery South
Zone, the Discovery North Zone and the Northeast Extension
Zone.
The 2011 summer field program at Prospect Valley identified
additional zones of epithermal gold mineralization. The
exploration program evaluated 8 targets outside the North and South
Discovery Zones in an area covering approximately 40 km2. In
an area 300m to 500m west to northwest of the Northeast Extension
Zone, rock sampling resulted in the discovery of epithermal quartz
veins and breccia in surface cobbles and bedrock. A sample of
epithermal quartz veined volcanic rocks found in a talus slope
returned 6.2g/t gold. Similar-looking material was traced
uphill where a north striking and 50 degree west dipping
breccia zone was discovered (see Berkwood news release dated
October 12, 2011 for details).
The extent of this zone is unknown at present, but a 1.5m
chip sample across this zone returned 0.33g/t gold.
Investigation of a soil anomaly at the northernmost line of
the existing soil sampling grid, 440m south-southwest of the
bedrock occurrence, revealed abundant angular quartz vein and
breccia surface cobbles suggesting a local source.
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.
About Berkwood Resources Ltd.
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 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. This work outlined drill defined gold mineralization at
the Discovery South Zone, the Discovery North Zone and the
Northeast 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 9km southwest of the Cikondang Gold
open pit mine. Berkwood has carried out initial mapping and
geochemical sampling during the first seven months of exploration
and will continue to report material results as they are
received.
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 or call the Company at 604-662-7455.
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.
