VANCOUVER, British Columbia,
Jan. 31, 2012 /PRNewswire/
-- Berkwood Resources Ltd. (TSX-V
SYMBOL: BKR) ("Berkwood") is pleased to provide
an update on its 100% owned Cimandiri Gold Project in West Java, Indonesia and the previously
reported geological mapping program utilising two mapping teams
(see news release dated October 27th 2011), as well as an update on
the continuing soil sampling program taking place on the Cimandiri
Property.
Geological mapping of alteration, structure and lithology has
now been completed. Surface geological mapping and geochemical
analysis of the samples have identified two gold targets, the
Cipetir prospect and the Cisaru prospect (see map
here). These prospect areas indicate a low sulphidation epithermal
system associated with stockwork style mineralization.
The surface and soil sampling program, that continues on the
property, has confirmed the Cipetir and Cisaru prospects, which
were previously identified during geological mapping. Soil and rock
sampling has also confirmed the continuity of mineralization and
alteration between the Cipetir and Cisaru gold prospects (see maps
here).
This sampling has also identified a new prospect, the Lubang
prospect, a 500 m2 area of interest on the Cimandiri property,
where an old, hand dug adit made by locals with a depth of 2 meters
was found. A grab sample in the adit has returned a result of 5.4
g/ton, and soil sampling has confirmed this anomaly on surface. The
Lubang prospect is still open to the North West and North East.
The soil samples have been taken at depths between 1 to 6
meters, following ridge and spur sampling technique. Hand auger
tools are being utilized to reach the 'C' horizon level. As
sampling continues, infill sampling will take place between the
areas of interest to expand all of the current prospects.
Soil and rock samples are being sent to Intertek laboratories in
Jakarta for geochemical analysis
of Au, Ag, Cu, Pb, Zn, Hg, and As using Fire Assay, Acid Assay, and
ICP.
Johannes Erasmus, associate geologist of Micromine Pty Ltd, a
Qualified Person as defined by National Instrument 43-101, reviewed
and approved the content of this News Release.
About Berkwood Resources
Berkwood now 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 km2 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 Mineral Resources totaling
166,000 ounces grading 0.511 g/t gold, 10,077,000
metric tonnes above a cut-off of 0.30g/t gold (see news
release dated January 25th 2012) at the combined Discovery
South and Discovery North Zones. The zones remain open for
expansion and other known zones of gold mineralization have yet to
be drilled.
Berkwood 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 mine.
Berkwood has carried out initial mapping and geochemical sampling
during the first phase of exploration 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.