Barksdale Outlines Drill Program at Advanced Stage Copper Project in Mexico
TSXV: BRO OTCQX: BRKCF
Barksdale Outlines Drill Program at Advanced Stage Copper Project in Mexico
Vancouver, B.C. – June 2, 2021 - Barksdale Resources Corp. (“Barksdale” or the “ Company”) (TSXV:
BRO) (OTCQX: BRKCF) is pleased t o provide details of its planned 2021 technical program at the San
Javier copper-gold project in Sonora, Mexico.
Highlights:
• An initial program of 5,000 meters of drilling is planned to begin in July, pending receipt of various
approvals.
• Drill testing will begin at the Cerro Verde zone, where previous work has outlined significant near
surface oxide copper and gold mineralization up to 200 meters.
• Barksdale’s goal is to confirm historic work and test structures believed to control higher grade
mineralization.
• Metallurgical test program to better understand the potential processing routes for both copper and
gold mineralization.
Rick Trotman, President and CEO of Barksdale stated: “ We are very excited to begin testing our initial
targets identified by our recent relogging program, which we believe could add significantly to the project
in terms of understanding the controls to mineralization and should allow us to update historic resource
estimates later this year. With the first holes expected to commence within the next six to eight weeks, this
comprehensive program and the results that follow will certainly be an exciting time for Barksdale and its
shareholders.”
Historic Work at San Javier
The San Javier project hosts multiple zones of copper-gold mineralization interpreted to be associated with
an iron oxide-copper-gold (IOCG) style system, hosted within Laramide-age intermediate-to-felsic volcanic
rocks. Historic drilling has intersected up to 200 -meter-thick intervals of copper mineralization hosted
primarily within hydrothermal-tectonic breccias and associated stockworks. Historic drilling demonstrates
that the original sulfides, primarily chalcopyrite, have been oxidized to various depths, including up to 200
meters along structures.
Of the three identified zones of mineralization, Cerro Verde is the most advanced exploration stage target at
San Javier, with drilling campaigns last active during the 2005 to 2008 timeframe. The las t company to
actively explore and drill at the project was Constellation Copper Corp. (“Constellation”) and its most
recent project report was a Preliminary Economic Assessment prepared by International Mining
Consultants, Inc. titled “Technical Report on the San Javier Copper Project, Sonora, Mexico” and effective
December 20, 2007 (“IMC Report”). The table and data below are taken from the IMC Report, which is
available for review under Constellation’s profile on SEDAR. Please refer to the IMC Report fo r further
details and all assumptions and qualifications used.
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San Javier Historic Resource Estimate above a 0.05% recoverable copper cut -off based on a $2.50
per pound copper price.
Barksdale is not treating the se historical estimates at San Javier as current mineral resources as a qualified
person on behalf of Barksdale has not done sufficient work to classify such estimates are current mineral
resources. Accordingly, such estimates should not be relied upon. However, Barksdale’s technical team is
currently completing the work necessary to verify or replace the historic estimate s at San Javier and
believes that such estimates can be used as a guide in determining future exploration drilling. In this regard,
the C ompany is currently undertaking a comprehensive review of available data in order to build an
updated geologic model that incorporates key geologic and structural data that appear to control the focus
of mineralization at Cerro Verde.
2021 Technical Program
Barksdale has developed an initial 5,000 -meter drill program at San Javier, the goal of which is to both
increase the geologic confidence and to confirm structural and lithologic mineralization controls , including
controls to mineralization at the Cerro Verde zone, which will in-turn guide further drilling. Drill targets for
the upcoming program are being generated from our current relogging activities, which are aiding the
construction of an updated three-dimensional geologic model.
The Phase I drilling program at Cerro Verde will begin with a single diamond drill rig, utilizing oriented
core, focused on i) confirming zones of historically drilled mineralization, ii) determining the orientation of
certain structures that appear to be focus ing the higher-grade copper and gold mineralization, iii) infill ing
existing zones of mineralization where drilling data is widely spaced, and iv) refining our understanding of
controls and dimensions to mineralization. Results from the Phase I program will then support Barksdale’s
longer-term plan to generate and drill test targets at other areas within the San Javier concessions.
Additionally, multiple large diameter core holes will be drilled to collect material to initiate metallurgical
column leach test work.
Recent surface mapping and core re -logging activities have identified an important role for low -angle,
west-dipping faults that are interpreted to have formed major conduits for mineralizing fluids . The
interpreted intersections of low-angle faults with higher -angle east-dipping faults are a primary target for
the initial drilling program. These interpreted intersections have produced some of the higher -grade
intersections in historic drilling but have not been adequately tested to show continuity or scale. Additional
targets include covered zones where mineralization is believed to have been offset by post-mineral faulting,
which remain untested by previous drilling.
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Drill Approvals
To initiate the Phase 1 drilling program at Cerro Verde, Barksdale will need to have completed the federal
permitting process and receive approval from the local community which controls the surface rights at the
San Javier project.
Barksdale’s local subsidiary, Estrella del Cobre S.A. de C.V. , has applied to Mexico’s environmental
authority (“SEMARNAT”), requesting approval to complete surface drilling at San Javier. Based on
preliminary estimates, the permitting process should conclude in the coming weeks. The Company is in the
TSXV: BRO OTCQX: BRKCF
process of selecting a drilling contractor so that drilling can be initiated once the environmental approvals
are in place. Barksdale is also finalizing a long-term impact benefits agreement with the community of San
Javier, which controls the surface rights over the Company’s key exploration concessions. This agreement
establishes a long-term framework that covers exploration and exploitation.
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. 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 778-238-2333, email [email protected] or visit
www.BarksdaleResources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
release.
CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING INFORMATION: This news
release includes “forward -looking information” under applicable securities legislation
including, but not limited to, the ability of Barksdale to verify or replace historic estimates at
San Javier as current resources, the proposed technical and drill program at San Javier and
the timing thereof, the prospective deposits, targets and mineralization at San Javier and the
anticipated receipt and timing of necessary governmental or third par ty approvals and
permits. Such forward-looking information reflects management’s current beliefs and is 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 fu ture events to differ
materially from those expressed or implied by such forward -looking information. Readers are
cautioned that such forward -looking information is neither a promise nor guarantee, and is
subject to known and unknown risks and uncertaintie s including, but not limited to, delays in
obtaining governmental or third party approvals and permits, actual results of exploration
activities, unanticipated geologic formations , structures and characteristics, environmental
risks, future prices of base and other metals, operating risks, accidents, labor issues, and
other risks in the mining industry as well as general business, economic, competitive, political
and social uncertainties, uncertain and volatile equity and capital markets and lack of
TSXV: BRO OTCQX: BRKCF
available capital. There are no assurances that the Company will obtain the necessary permits
for and successfully complete the proposed technical and drill program at San Javier as
currently contemplated or at all. In addition, there is uncertainty about the spr ead of COVID-
19 and variants of concern and the impact they will have on the Company ’s operations,
supply chains, ability to access mineral properties, conduct due diligence or procure
equipment, 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 disc losure 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.