Barksdale Notified of USFS Challenge
Barksdale Notified of USFS Challenge
Vancouver, British Columbia--(Newsfile Corp. - June 21, 2023) - Barksdale Resources Corp. (TSXV:
BRO) (OTCQX: BRKCF) ("
Barksdale
" or the "
Company
") has been informed that an action has been
filed in the United States District Court against the United States Forest Service ("
USFS
") by various
non-profit and environmental groups seeking to set aside the USFS' recently issued Environmental
Assessment, Decision Memorandum and Finding of No Significant Impact related to the Company's
proposed Sunnyside copper-lead-zinc-silver exploration program in Arizona.
Barksdale is not a party to
the lawsuit but will endeavor to assist the USFS as much as possible as they move forward.
Rick Trotman, President and CEO of Barksdale, states, "The Company stands by the USFS' decision,
which is the culmination of almost five years of extensive environmental review, public scoping and
process.
The Company is proud of its thorough and conscientious approach to the protection of the
natural environment and looks forward to a speedy resolution of this matter.
In the meantime, the USFS
continues to process the Company's Plan of Operation for Sunnyside as the Company prepares to
commence its planned drilling program as soon as we're given the green light."
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 receipt and timing for formal approval of the Company's plan of
operations ("PoO") for the Sunnyside copper-lead-zinc-silver project; the proposed nature, size,
timing, targets and impact of the Company's planned drilling program on the Sunnyside project
following approval of the PoO and 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, environmental challenges, and other risks in the mining
industry. There is uncertainty regarding the outcome of the above-noted challenge to the validity, in
whole or in part, of the USFS' Environmental Assessment, Decision Memorandum and Finding of No
Significant Impact for the Company's proposed Sunnyside copper-lead-zinc-silver exploration
program and the timing for when such matter will be finally resolved. A successful challenge to the
USFS' approvals for the Sunnyside project would result in additional delays and costs (which could be
substantial) to the Company in seeking to redress any additional environmental issues and obtain
new approvals from the USFS, which approvals would not be guaranteed. Further, there are no
assurances that the Company's PoO for the Sunnyside property will be approved by the USFS on the
basis currently contemplated or at all.
In addition, 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 high 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.sedar.com
.
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/170811