Barksdale Initiates Phase II Drill Program
Barksdale Initiates Phase II Drill Program
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2024) - Barksdale Resources
Corp. (TSXV: BRO) (OTCQX: BRKCF)
("
Barksdale
" or the "
Company
") is pleased to announce that it
has begun its Phase II drilling program at its Sunnyside project in Arizona. Alford Drilling has started
drilling a series of reverse circulation pre-collars ahead of the arrival of a diamond drill that will complete
the holes to their ultimate target depths. The Company will provide an additional update next week
regarding the progress related to the first pre-collar hole.
Rick Trotman, President and CEO of Barksdale, says, "We are very excited to kick off the second phase
of exploration drilling at Sunnyside. The new program will seek to find the extensions of the high-grade
deep carbonate-hosted mineralization. Utilizing a reverse circulation rig to complete the initial pre-collars
should allow us to significantly cut down on the amount of time necessary to hit the target carbonate host
rocks and could also aid in cutting down on the cost of completing the overall program. We look forward
to providing regular updates going forward on the overall progress of the drilling campaign."
Additionally, the Company has completed the first-year obligations related to the Sunnyside option
agreement dated August 10, 2017. Pursuant to the agreement, Barksdale has made a cash payment of
C$717,071 and released 3,850,000 escrowed common shares of the Company to Regal Resources, a
non-public reporting issuer. Additionally, the Company's obligation to complete C$3,000,000 of work
expenditures on the project has been met.
Barksdale Resources Corp.
, a 2023 OTCQX BEST 50 Company, is a base metal exploration
company headquartered in Vancouver, B.C., that is focused on the acquisition, exploration and
advancement of highly prospective base metal projects in North America. Barksdale is currently
advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects, both of which are in
the Patagonia mining district of southern Arizona, as well as the San Javier copper-gold project in
central Sonora, Mexico.
ON BEHALF OF BARKSDALE RESOURCES CORP
Rick Trotman
President, CEO and Director
Terri Anne Welyki
Vice President of Communications
778-238-2333
For more information please phone 778-558-7145, email
or visit
www.BarksdaleResources.com
.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking
information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation.
Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates",
"potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or" should" occur or be
achieved. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the Phase II drilling
program, results therefrom and impact thereof, are forward-looking statements. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements
reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates
that, while considered reasonable by Barksdale, are inherently subject to significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be
materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements
and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation,
general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available
capital, actual results of exploration activities, environmental risks, future prices of base metals, operating risks, accidents, labor issues, delays
in obtaining governmental approvals and permits, and other risks in the mining industry. All forward-looking statements contained in this news
release is qualified by these cautionary statements and those in the Company's continuous disclosure filings available on SEDAR+ at
www.sedarplus.ca
. Readers should not place undue reliance on the forward-looking statements contained in this news release concerning these
items. Barksdale does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors,
should they change, except as required by applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/223062