Berkwood Provides Update on the Prospect Valley Gold Property, Merritt, BC
Berkwood Resources Ltd. ("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.
Berkwood Resources Ltd.
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:
. For additional information please visit the Berkwood
website at 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.
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