Barksdale Intersects Thirteen Mineralization Horizons at Sunnyside
Barksdale Intersects Thirteen Mineralization
Horizons at Sunnyside
Vancouver, British Columbia--(Newsfile Corp. - February 12, 2024) - Barksdale Resources Corp.
(TSXV: BRO) (OTCQX: BRKCF) ("
Barksdale
" or the "
Company
") is pleased to provide an update on
the SUN-003 drill hole, completed as part of the ongoing Phase I drill program at the Sunnyside copper-
lead-zinc-silver exploration project in Arizona.
Barksdale has intercepted multiple intervals of carbonate
replacement style mineralization ("
CRD
") at Sunnyside, extending the footprint of previously known
mineralization approximately 90m to the northeast of historic drilling.
Additional assay results are
expected from the lower portion of SUN-003 over the coming weeks.
HIGHLIGHTS
SUN-003 intersected the host carbonate stratigraphy as projected by the current exploration
model.
Thirteen zones of disseminated polymetallic CRD mineralization with narrow intervals of semi-
massive sulfides were encountered within carbonate rocks between 65 and 95m north-northwest
of historic hole TCH-2.
A full table of results from the upper ten zones can be found on the following
pages with highlights including:
4.97m grading 1.54% zinc, 1.54% lead, 14.90 g/t silver, and 0.01 g/t gold from 1354.97m
5.95m grading 1.67% copper,
0.44% lead, 0.10% zinc, 40.64 g/t silver, and 0.04 g/t gold
from 1383.33m
Including
0.98m grading 8.18% copper,
0.12% lead, 0.21% zinc, 114 g/t silver and
0.04 g/t gold from 1385.77m
1.77m grading 0.96% copper, 3.04% zinc, 2.09% lead, 26.69 g/t silver, and 0.08 g/t gold
from 1394.52m
Including 0.49m grading
1.42% copper, 9.19% zinc, 5.61% lead, and 67.7 g/t silver
and 0.04 g/t gold from 1395.8m
0.76m grading
1.3% copper, 4.99% zinc, 3.56% lead, and 50.6 g/t silver and 0.13 g/t
gold
from 1405.04m
Assays are pending on the lower three zones
Weak calc-silicate alteration and the stratigraphically controlled nature of mineralization suggests
that the hole was outboard of the main structural feeder zone that focused heat and mineral-
bearing fluid flow.
A new hole, SUN-004, has been initiated from surface that targets the projected intersection of
host carbonate units and the controlling structure approximately 100m to the east of historic hole
TCH-2 and 90m to the southeast of SUN-003.
Rick Trotman, President and CEO states, "We're excited to share the initial assay results from the
Boundary Zone CRD, which show promising signs of a significant mineralizing system, that includes high
grade copper from drill hole SUN-003.
These results are particularly impressive given the intersections
are characterized by stratiform mineralization, which typically occurs peripheral to a higher-grade feeder
structure. In addition to returning significant assays, SUN-003 has bolstered our geologic model,
providing a refined vector to the feeder structure which is now being drilled with SUN-004."
ABOUT SUN-003
SUN-003 is a vertical hole collared 2m from historic hole TCH-2 and was drilled to a total depth of 1,652.
It drifted slightly to the north-northeast and intersected the top of the Paleozoic carbonate rocks at
1,239m depth, approximately 65m to the north and 80m deeper than discovery hole TCH-2.
This
confirms the general dip of the carbonate stratigraphy to be approximately 35 degrees to the north.
Figure 1.
Plan map showing the location of current drilling in the Boundary zone including SUN-003
and SUN-004 (projection).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8531/197575_c988e67a24656a34_002full.jpg
Twelve distinct horizons of strata-bound sulfide mineralization were intersected, which correlate with
intercepts of historic hole TCH-2, located approximately 65m to the southwest, as measured from the top
of the carbonate sequence, and roughly 95m distant at the bottom of SUN-003.
TCH-2 displays intense
calc-silicate alteration (i.e. garnet and epidote, with frequent quartz veins), suggesting a closer proximity
to a heat and fluid source.
Based on mineral assemblages present in SUN-003 and weak calc-silicate
alteration seen, it is interpreted to be distal to the mineralizing feeder structure/intrusion source.
SUN-003 encountered the Concha, Scherrer and Epitaph Formations within the carbonate sequence,
with mineralized horizons present in all three units.
The Concha Formation contained two zones of
disseminated polymetallic mineralization (Cu, Ag, Pb, Zn) which was hosted by favorable porous "dirty"
limestones.
Calc-silicate alteration was weak and included minor garnet (Ca/Fe), diopside, saponite,
smectite, epidote, chlorite, and actinolite.
Below the Concha, the Scherrer Formation, which is well-correlated across the region, contains distinct
intercalated marker beds of sandstone beds within the limestone unit.
Within the Scherrer Formation
SUN-003 intersected eight zones of polymetallic mineralization (Cu, Ag, Pb, Zn) that contained weak
calc-silicate alteration including garnet (both Mn/Al and Ca/Fe), diopside, smectite, saponite, epidote,
chlorite, actinolite, and irregular veinlets of pink calcite.
Mineralization is stratigraphically controlled and
commonly forms 'patchy' textures.
Figure 2.
Cross section (108 degrees, looking northeast) showing the CRD mineralization
encountered in SUN-003 relative to historic hole TCH-2 and TCH-2a.
SUN-004 is shown as a dashed
red line and is approximately 90m from TCH-2 to the east (into the page).
Mineralization intervals are
shown using a 0.2% CuEq cutoff utilizing 100% recovery and commodity prices of copper ($3.70/lb),
zinc ($1.05/lb), lead ($0.95/lb), silver ($20/oz), and gold ($1900/oz).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8531/197575_c988e67a24656a34_003full.jpg
The final carbonate unit encountered was the Epitaph Formation, which contained three visually
confirmed narrow zones of polymetallic base metal (Pb, Zn > Cu) mineralization in silty limestone
(assays pending).
Mineralization is typically associated with weak calc-silicate alteration including the
presence of smectite, saponite, diopside, green garnet, reddish hematite, rhodochrosite, and potassium
feldspar in patches.
The hole was terminated at 1,653m depth.
Hole Number
From
To
Interval
Cu
Ag
Au
Zn
Pb
Zone
(m)
(m)
(m)
(%)
(ppm)
(ppm)
(%)
(%)
SUN-003
806.65
808.02
1.37
0.42
118.00
0.02
0.33
0.26
Breccia
1,235.81
1,256.39
20.58
0.06
3.56
0.09
0.43
0.20
Manto
including
1,247.49
1,249.07
1.58
0.26
17.00
0.05
2.51
1.32
Manto
including
1,252.88
1,254.74
1.86
0.42
2.12
0.41
2.12
0.41
Manto
1,264.92
1,267.51
2.59
0.21
5.33
0.02
0.43
0.32
Manto
1,345.97
1,346.21
0.24
1.00
59.50
0.06
11.95
8.17
Manto
1,354.07
1,359.04
4.97
0.04
14.90
0.01
1.54
1.51
Manto
1,365.02
1,365.63
0.61
0.23
48.90
0.01
1.71
3.44
Manto
1,383.33
1,389.28
5.95
1.67
40.64
0.04
0.10
0.44
Manto
including
1,385.77
1,386.75
0.98
8.18
114.00
0.04
0.21
0.12
Manto
1,394.52
1,396.29
1.77
0.96
28.69
0.08
3.04
2.09
Manto
including
1,395.80
1,396.29
0.49
1.42
67.70
0.04
9.19
5.61
Manto
1,405.04
1,405.80
0.76
1.30
50.60
0.13
4.99
3.56
Manto
1,406.65
1,407.47
0.82
0.01
3.39
0.03
0.66
0.40
Manto
Table 1:
Mineralization intervals in SUN-003 that exceed a 0.2% CuEq cutoff utilizing 100% recovery
and commodity prices of copper ($3.70/lb), zinc ($1.05/lb), lead ($0.95/lb), silver ($20/oz), and gold
($1900/oz).
Additional assays from SUN-003 are pending.
Quality Assurance and Quality Control
Drilling on SUN-003 was completed using PQ and HQ size diamond drill core.
The core was logged by
experienced geologists engaged by the Company.
Drill holes are logged and marked for sampling prior
to being sawn in half using a diamond blade saw, with one half of the sawn core being placed in a cloth
sample bag, with a unique sample tag, while the second half was returned to the core box for storage on
site.
Sample assays are being performed by ALS Geochemistry, an accredited (ISO 9001) laboratory.
Core samples are analyzed for total copper and gold as well as a multi element ICP Analysis.
In addition to the ALS Quality Assurance program, Barksdale has an internal QA/QC program that
includes certified reference standards from OREAS North America.
These standards are of similar
composition to mineral deposits found at Sunnyside.
Several different standards are included in each
batch of samples submitted to the lab.
These controls are tracked to ensure the integrity of the assay
data.
Scientific and technical information in this news release has been reviewed and approved by Lewis
Teal, Senior Consultant to the Company and a 'Qualified Person' as defined under Canadian National
Instrument 43-101.
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 INFORMATION: This news
release includes "forward-looking information" under applicable Canadian securities legislation
including, but not limited to, the Company's goals for 2024; geological interpretations; the proposed
nature, size, timing, targets and impact of the Company's planned drilling program on the Sunnyside
project, anticipated drill and exploration results; the estimation of mineral resources; magnitude or
quality of mineral deposits; anticipated advancement of mineral properties or programs; future
operations; mine plans; future exploration prospects; the completion and timing of technical reports;
future growth potential of Barksdale Resources and future development plans for the Sunnyside
copper-lead-zinc-silver project; the ability of the Company to obtain the requisite staffing, bonding and
financing therefor; and the potential impact of seasonal drilling restrictions on the ability of the
Company to effectively carry out such program.
Such forward-looking information reflects
management's current beliefs and are based on a number of estimates and assumptions made by
and information currently available to the Company that, while considered reasonable, are subject to
known and unknown risks, uncertainties, and other factors which may cause the actual results and
future events to differ materially from those expressed or implied by such forward-looking information.
Historic drill results from the Sunnyside property are historic in nature and pre-date NI 43-101
standards.
They are for informational purposes only and should not be relied on.
Readers are
cautioned that such forward-looking information are neither promises nor guarantees, and are subject
to known and unknown risks and uncertainties including, but not limited to, 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.
The Company's drilling program at
Sunnyside is an exploratory search for commercial quantities of ore, the discovery of which cannot be
assured.
The geological similarity and close proximity of South 32's Hermosa project (Taylor, Clark
and Peake deposits) to Sunnyside is not necessary indicative of the mineralization at Sunnyside.
There are currently no NI 43-101 resources or reserves on the Sunnyside property.
There is also
uncertainty about the continued spread and severity of COVID-19, the ongoing war in Ukraine and
rising inflation and interest rates and the impact they will have on the Company's operations, supply
chains, ability to access mining projects or procure equipment, supplies, contractors and other
personnel on a timely basis or at all and economic activity in general. All forward-looking information
contained in this news release is qualified by these cautionary statements and those in our continuous
disclosure filings available on SEDAR at
www.sedarplus.ca
.
Accordingly, readers should not place
undue reliance on forward-looking information. The Company disclaims any intention or obligation to
update or revise any forward-looking information, whether as a result of new information, future events
or otherwise, except as required by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/197575