The explorer moved the drill from its Zone 2 anomaly back to the Zone 1 graphite body where the company successfully demonstrated average graphite grades in the range of 14.39 to 25.52% Cgr (carbon as graphite) and true thicknesses ranging 22.1 to 40.3 metres (m).
The drill program on Zone 2 was stopped as no significant graphite was intersected.
The Zone 1 graphite body, on the other hand, is a very large conductive and magnetic system with a 2.2 kilometre (km) east-west strike length and 0.6 km width. It shows two parallel zones that may be a large-scale fold.
The phase one drill program on Berkwood's Zone 1 graphite body focused on only a small western portion of the geophysical anomaly, and the company was waiting for the phase one drill program assay results to determine if a Phase 2 drill program would be worth doing on the Zone 1 graphite body.
Significant exploration risk has been mitigated with the assays on the Phase 1 drill program, Berkwood said, and there is still plenty of exploration to be done on the anomaly.
The Phase 2 drill program is commencing on Zone 1 and will continue to test this graphite discovery. Berkwood reckons it will complete up to 2000 metres of drilling for the Phase 2 drill program.
"I am very pleased with the assay results we received from Berkwood's Zone 1 graphite body,” said Tom Yingling, president and chief executive officer of Berkwood.
“Prior to receiving the Zone 1 graphite body assay results, numerous elements of risk still pertained to our graphite discovery. There are always risks in exploration. Now that we have successfully proven that we have large intercepts with good graphite grades, we have mitigated some of them, and the company looks forward to having the drill successfully delineate the size of this graphite body to determine tonnage and geometry,” Yingling added.
Lac Gueret South is located in Cote Nord, Quebec, a three-hour drive from Baie-Comeau in an area of very good infrastructure.
The project lies directly south of Mason Graphite Inc's (CVE:LLG) advanced Lac Gueret Project.
Shares in Berkwood fell three cents to 35 cents on the news.