Barksdale Receives Drill Approvals at San Antonio
Barksdale Receives Drill Approvals at San
Antonio
Vancouver, British Columbia--(Newsfile Corp. - April 5, 2022) - Barksdale Resources Corp. (TSXV:
BRO) (OTCQB: BRKCF) ("
Barksdale
" or the "
Company
") is pleased to announce that the United
States Forest Service ("
USFS
") has approved Barksdale's proposed drill program at the 100% owned
San Antonio copper project in Santa Cruz County, Arizona.
This is the first drill approval received by
Barksdale on USFS administered mining claims in the Patagonia district, where the Company controls a
significant mineral tenure across six properties.
Highlights:
Barksdale to complete up to a 3,000-meter Phase I reverse circulation drilling program at the
Cosmos drill target on the San Antonio property
Cosmos is a shallow copper porphyry target, identified via multiple geophysical surveys, which
highlight coincident magnetic, gravity, and chargeability anomalies
The Patagonia Mountains are known to host three large, productive, and deep porphyry systems
that have been partially defined by previous explorers whereas Cosmos is a very shallow target
that has never been drill tested
The San Antonio drill approval is the first of two drilling approvals being sought by Barksdale
Rick Trotman, President and CEO of Barksdale stated: "I'm very happy to announce this major milestone
at San Antonio, a core portfolio holding located a few kilometers southeast of the Company's Sunnyside
property.
We acquired San Antonio from Teck in 2019 as we saw clear indications of a potentially large
porphyry copper system and after several years of diligent effort, we are now excited to drill test the
target."
Barksdale's team has worked closely with the USFS to avoid project impacts and designed the initial
Phase-I drilling program at San Antonio to be a quick and low-cost test with the smallest possible
footprint, little to no ground disturbance, that only operates during daytime hours.
The drilling will be
conducted via reverse circulation methods and the entire program is expected to be completed, and
remediated, in under 60 days from mobilization of the drill rig.
Given the limited impacts and short
duration of the program, the USFS has approved the San Antonio project as a Categorical Exclusion
("
CE
") under the National Environmental Policy Act ("
NEPA
").
Barksdale has proposed, and the USFS
has agreed, to avoid completing the drilling program during the Yellow-Billed Cuckoo breeding season
which runs from May 15 to August 31.
As such, Barksdale anticipates a fall drilling program at San
Antonio after posting an environmental bond and securing a drilling contractor for the program.
The San Antonio project is 100% controlled by Barksdale, subject to a 1.5% net smelter royalty payable
to Teck Resources, which also has a project-level right of first refusal on the property.
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 778-558-7145, 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 existence of a potential shallow porphyry copper deposit on the San
Antonio project and the Company's initial drill target thereon. 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. In addition, the
regional proximity and similarity of the Cosmos drill target to certain large porphyry copper deposits in
the Patagonia mountain range is not necessarily indicative of the mineralization on the San Antonio
property.
There are currently no NI 43-101 resources or reserves on the San Antonio property. 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/119288