Peter Lake Copper Property - Quebec, Canada

The Peter Lake Property consists of 87 contiguous claim blocks totalling 5086 Ha located near Ste-Anne du Lac, Quebec and is situated in the Central Metasedimentary Belt within the Mont-Laurier Terrane, in the south central part of the Grenville Province. The Property lies within a sequence of metasedimentary rocks, felsic intrusives and gabbros. Cu-Ni mineralization in the area closely follows northeast controlling structures. The mineralization lies within late gabbroic dykes and the mineralized structure has been traced for more than 3 km on surface. The property has the potential to host other minerals including Au, Mo and PGE.

Two mineralized zones have been identified to date. The Peter Lake North and Peter Lake South showings consist of Cu-Ni mineralization which occur as lenses, veins or veinlets of semi-massive to massive pyrite, chalcopyrite, pyrrhotite and molybdenite within syn- to late tectonic gabbroic sills or adjacent the gneissic units. Mineralization appears to be controlled by a major NE-SW structure as evidenced by regional magnetic and satellite images. The access roads have been recently upgraded, which now allows for heavy vehicle access to the two mineralized zones. The two mineralized zones can be traced over a strike length of 3 km and remain open in both directions and at depth. Line cutting has been completed and is intended to be followed with a ground geophysics program

Berkwood has commenced advanced field work. In October 2012 six check grab samples were collected from the two main mineralized zones at Peter Lake and returned assays ranging from 0.42% to 22.83% Copper and 0.13% to 0.73% Nickel as well as elevated gold, silver and cobalt values (for details see Berkwood news release dated October 10, 2012).

During the winter 2012 field work program, 11 channels at Peter Lake North and 6 channels at Peter Lake South were sampled and 201 samples were collected (view channel sample maps) and submitted to AGAT laboratories in Mississauga, Ontario (for details of assay results see Berkwood news release dated May 13, 2013).

Berkwood intends to conduct future work on the Property, subject to financing, which may include (i) A detailed airborne geophysical survey (Magnetics, electromagnetics and radiometrics) at 100 m line spacing and at 50 m line spacing in selected areas along a NW-SE flight trajectory;  (ii) Ground geophysics (Max-Min, IP) to test the longitudinal extension of the conductors historically defined by previous work towards the NE and SE from Peter Lake North showings; (iii) Geological mapping and prospecting, to locate outcrops and define areas for stripping, trenching and channel sampling; (iv) A small-scale diamond drilling program consisting of short holes which will be used to corroborate historical and recent grab, channel and core assay results, and to determine the nature and extent of mineralization at depth.