Barksdale Receives Positive Court Ruling
Barksdale Receives Positive Court Ruling
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2023) - Barksdale Resources Corp.
(TSXV: BRO) (OTCQX: BRKCF) ("
Barksdale
" or the "
Company
") is pleased to announce a positive
legal update regarding the Company's Sunnyside project in Arizona.
The United States District Court for
the District of Arizona has issued an order denying the Plaintiffs' request for a preliminary injunction that
sought to prevent drilling at Sunnyside. While the Plaintiffs can appeal the Judge's decision to the United
States Court of Appeals for the Ninth Circuit, the Company has no information as to whether this will
occur. The United States Forest Service has notified the Company that the Sunnyside Plan of
Operations is expected to be approved in the coming days.
Barksdale will provide an update once the
approved Plan of Operations is in hand.
Rick Trotman, President and CEO of Barksdale, states, "We are thrilled that the Judge ruled in our favor
and denied the Plaintiff's request for a preliminary injunction that would have prevented us from drilling at
Sunnyside.
It is our expectation that mobilization will begin on September 15 and drilling will commence
shortly thereafter. We look forward to tackling the Phase I Sunnyside drilling program of ~16,000 meters
(50,000 feet) in accordance with our rigorous permitting guidelines."
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 expected formal approval of the Company's ("PoO") for the
Sunnyside copper-lead-zinc-silver project; the ability of the Plaintiffs to appeal the Judge's decision to United States Court of Appeals for the Ninth
Circuit; 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, and other risks in the mining industry. 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 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.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/179645