Barksdale is Drilling at Sunnyside
Barksdale is Drilling at Sunnyside
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2023) - Barksdale Resources Corp.
(TSXV: BRO) (OTCQX: BRKCF) ("
Barksdale
" or the "
Company
") is pleased to announce that it has
commenced drilling at its Sunnyside copper-lead-zinc-silver exploration project in Arizona, with the first
hole currently at approximately 765 meters depth.
Additionally, the Company is happy to report that the
Ninth Circuit Court of Appeals has denied the Plaintiff's motion for an injunction during the appeal
process.
The Company's Plan of Operations for the Sunnyside drilling program was recently approved by the
United States Forest Service.
This program will test our high-grade exploration targets, within a district
scale mineral system, for up to seven years.
The current Phase I drill program is focused on extending
known carbonate replacement mineralization ("CRD") from the eastern claim boundary west towards the
Sunnyside copper-molybdenum-silver porphyry.
Highlights:
Drilling has commenced at the first target and a second drill is expected to arrive in
October.
The first large-scale target is the Boundary CRD copper-zinc-lead-silver zone that was
intersected in historic drilling from the 1980's.
Hole SUN-001 is currently at 765 meters depth and will test for mineralized horizons
within the Concha and Scherrer carbonate units occurring from an approximate depth of
1200 meters.
Rick Trotman, President and CEO of Barksdale states, "The drill is actively turning at Sunnyside.
After
many years of hard work on the permitting front, I'm truly excited to take the next step and start testing our
targets.
Sunnyside is part of a world-class mineral system and getting the first hole underway is a
fantastic achievement.
We look forward to providing additional updates as we advance the drilling
program."
The first hole from the planned ~16,000-meter drilling program is currently underway at the Boundary
zone target, located between the eastern property boundary and the previously drilled Sunnyside copper-
molybdenum-silver porphyry system (Figure 1).
The Boundary zone is within a larger projected horizon of
carbonate host rocks that extend through the northeastern portion of the Sunnyside property.
This target
was previously intersected by drilling in the 1980's that encountered approximately 362 meters of highly
altered carbonate rocks hosting over a dozen mineralized intervals of CRD mantos of massive sulfide
mineralization.
The Boundary zone target is roughly 1.1 kilometers long (NW-SE) by 700 meters wide
(SW-NE), plunging shallowly (5-15 degrees) to the northwest and dipping to the northeast (20-40
degrees).
Figure 1. Plan map showing known and potential zones of mineralization on the Sunnyside property.
Deposit and prospect outlines on the neighboring property are taken from publicly disclosed
information.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8531/181761_a1fd7e7a34383b6e_002full.jpg
In most CRD systems, the thickest and highest-grade mineralization is often found where key geologic
features coalesce, including reactive carbonate host rocks, structural/stratigraphic conduits that aid in
channeling metal-rich fluids, and fluid traps that ultimately slow fluid flow and aid metal deposition.
The
first drill hole will target the upper sequence of Paleozoic carbonates (Concha and Scherrer units) that
are located beneath a capping unit comprised of Jurassic and Triassic volcanic rocks, which acted as
an aquitard for deposition of polymetallic (
Cu-Zn-Pb-Ag
) mineralizing fluids.
Structural features mapped
at surface on the Sunnyside property suggest that a series of deep-seated faults are strongly correlated
with near-surface mineralization in the system (Figure 2), which is interpreted to be leakage from
strataform CRD mantos at depth.
Intersection of these structural features with the host carbonate
stratigraphy is the primary target for the drilling program at the Boundary zone.
Figure 2. Plan map showing fault corridors as mapped at surface (black lines) with the Boundary zone
target area (orange). Deposit and prospect outlines on the neighboring property are taken from
publicly disclosed information.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8531/181761_a1fd7e7a34383b6e_003full.jpg
To initiate the exploration drilling campaign, the Company has re-entered historic drill hole TCH-2 after
down-hole surveys determined that the protective casing from the 1980's was intact from surface to 762
meters.
After reentering the historic hole, a wedge has been set shortly past the casing and a new hole
that projects away from the original drill hole is being advanced in a northwesterly direction.
Assuming no
deviation, the hole is expected to intersect the altered carbonate units from approximately 1,200 meters
depth at a lateral distance approximately 50 meters to the northwest of the first historic intercept in TCH-
2.
Drill results from the original TCH-2 drill hole included over a dozen mineralized intercepts,
summarized in Table 1 below.
Hole Number
From (m)
To (m)
Interval (m)
% Cu
% Zn
%Pb
Ag (g/t)
Zone
TCH-2
428.8
429.4
0.6
0.43
10.95
1.18
5.5
Vein
1228.3
1230.4
2.1
1.27
0.60
0.18
74.1
Manto
1233.2
1234.4
1.2
1.59
0.12
0.09
42.5
Manto
1249.6
1252.4
2.7
0.10
1.05
1.02
46.6
Manto
1257.8
1269.7
11.9
0.71
0.12
0.21
37.7
Manto
1278.6
1282.8
4.3
2.32
0.09
0.73
200.9
Manto
1282.8
1284.7
1.8
0.09
3.39
3.35
54.9
Manto
1293.2
1314.2
21.0
0.27
3.12
2.50
57.6
Manto
1356.3
1368.5
12.2
0.11
1.38
1.57
114.9
Manto
1418.2
1435.5
17.4
1.30
12.20
4.97
371.0
Manto
1452.9
1490.7
37.8
0.23
14.10
0.86
252.3
Manto
1497.4
1499.8
2.4
0.04
3.95
0.28
78.9
Manto
1589.8
1590.1
0.3
0.04
2.10
1.70
56.2
Manto
Table 1.
Mineralized intervals in TCH-2 as originally reported by ASARCO.
Historic drilling occurred prior to implementation of NI 43-101 and has
not been verified by a "qualified person" and therefore should not be relied upon.
Intercepts are shown as an indication of the possible
mineralization within the Sunnyside property and as a guide to future exploration.
See the Company's NI 43-101 technical report on SEDAR for
detailed information.
Additional intersections into the carbonate stratigraphy will advance the refining of targeted projections
of host stratigraphy and will guide future drilling along the Boundary zone target.
Depending on drilling
conditions, additional wedge holes could be completed from the TCH-2 mother hole.
Drilling will, over time, shift progressively to the west, where the CRD (mantos) are projected to intersect
the Sunnyside porphyry copper-molybdenum-silver deposit.
This area surrounding the porphyry has the
potential to host zones of copper-dominated skarn mineralization such as those seen in the nearby
Rosemont copper deposit (Hudbay Minerals Inc.), which is hosted in the same Paleozoic carbonate
sequence as Sunnyside.
Barksdale has contracted Boart Longyear ("Boart") to complete the initial drilling program at Sunnyside,
utilizing two diamond drill rigs.
Boart has a long and distinguished track record of drilling in the area, has
a strong local logistical network, and understands the drilling conditions that may be encountered.
Legal Update
As previously announced on September 6, 2023, the United States District Court for the District of
Arizona issued a ruling that denied the Plaintiff's request for a preliminary injunction at Sunnyside, which
would have prevented the Company from drilling until the final ruling regarding the United States Forest
Service's permit was issued by the Court. The Plaintiffs appealed that ruling to the United States Court of
Appeals for the Ninth Circuit ("Ninth Circuit"), seeking an emergency injunction that would stop drilling
until a ruling has been issued on the appeal.
The Ninth Circuit denied the request for an emergency
injunction.
The Company expects the Ninth Circuit to issue a final ruling on the appeal in December 2023
or January 2024 and the broader lawsuit will continue moving forward over the next year (approximately).
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 2023; 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.
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
proposed drilling program at Sunnyside is an exploratory search for commercial quantities of ore, the
discovery of which cannot be assured.
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/181761