Barksdale Reports Final Assays from SUN-003
Barksdale Reports Final Assays from SUN-003
Vancouver, British Columbia--(Newsfile Corp. - March 19, 2024) - Barksdale Resources Corp. (TSXV:
BRO) (OTCQX: BRKCF) ("
Barksdale
" or the "
Company
") is pleased to provide assays from the lower
portion of the SUN-003 drill hole, completed as part of the ongoing Phase I drill program at the
Sunnyside copper-lead-zinc-silver exploration project in Arizona.
HIGHLIGHTS
Barksdale has intercepted multiple intervals of carbonate replacement style mineralization
("
CRD
") in SUN-003, including assays released previously (see
news release dated February 12,
2024
).
Additional assays from the lower zones of polymetallic CRD mineralization intersected in SUN-003
include the following results:
2.28m grading 1.72% Zn, 0.63% Pb, 13.5 g/t Ag, and 0.016 g/t Au from 1480.57m depth
1.01m grading
0.46% Cu, 11.9% Zn, 3.8% Pb, 377 g/t Ag, and 0.028 g/t Au
from
1550.67m depth
Barksdale aims to provide guidance for the remaining 2024 drill campaign within the next 30-45
days.
Rick Trotman, President and CEO states, "The final assays from the lower portion of SUN-003 contains
multiple additional zones of narrow polymetallic CRD mineralization outboard of the higher-grade feeder
structure.
We look forward to drilling to the southeast of SUN-003, where our model suggests that we'll
vector into areas of increased structural preparation, heat, and fluid flow.
Once we have multiple pierce
points into that higher-grade corridor, we can begin stepping out to determine the true scale of the zone
as it trends back towards the porphyry. The Company is actively exploring a range of strategic
opportunities for our upcoming drilling initiatives.
We look forward to sharing these advancements with
our valued investors in the coming 30-45 days."
ABOUT SUN-003
SUN-003 is a vertical hole collared 2m from historic hole TCH-2 and was drilled to a total depth of
approximately 1,653m. It drifted slightly to the north-northeast and intersected the top of the Paleozoic
carbonate rocks at 1,239m depth, approximately 65m to the north and 80m deeper than discovery hole
TCH-2. This confirms the general dip of the carbonate stratigraphy to be approximately 35 degrees to
the north.
Figure 1. Plan map showing the location of current drilling in the Boundary zone including SUN-003
and SUN-004 (planned projection)
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8531/202238_f9e58fe5a4084b36_002full.jpg
Over a dozen distinct horizons of strata-bound sulfide mineralization were intersected, which correlate
with intercepts of historic hole TCH-2, located approximately 65m to the southwest, as measured from
the top of the carbonate sequence, and roughly 95m distant at the bottom of SUN-003. TCH-2 displays
intense calc-silicate alteration (i.e. garnet and epidote, with frequent quartz veins), suggesting a closer
proximity to a heat and fluid source. Based on mineral assemblages present in SUN-003 and weak calc-
silicate alteration seen, it is interpreted to be distal to the mineralizing feeder structure/intrusion source.
SUN-003 encountered the Concha, Scherrer and Epitaph Formations within the carbonate sequence,
with mineralized horizons present in all three units. The Concha Formation contained two zones of
disseminated polymetallic mineralization (Cu, Ag, Pb, Zn) which was hosted by favourable porous "dirty"
limestones. Calc-silicate alteration was weak and included minor garnet (Ca/Fe), diopside, saponite,
smectite, epidote, chlorite, and actinolite.
Below the Concha, the Scherrer Formation, which is well-correlated across the region, contains distinct
intercalated marker beds of sandstone beds within the limestone unit. Within the Scherrer Formation
SUN-003 intersected eight zones of polymetallic mineralization (Cu, Ag, Pb, Zn) that contained weak
calc-silicate alteration including garnet (both Mn/Al and Ca/Fe), diopside, smectite, saponite, epidote,
chlorite, actinolite, and irregular veinlets of pink calcite. Mineralization is stratigraphically controlled and
commonly forms 'patchy' textures.
Figure 2. Cross section (108 degrees, looking northeast) showing the CRD mineralization
encountered in SUN-003 relative to historic hole TCH-2 and TCH-2a. SUN-004 is shown as a dashed
red line and is approximately 90m from TCH-2 to the east (into the page). Mineralization intervals are
shown using a 0.2% CuEq cutoff utilizing 100% recovery and commodity prices of copper ($3.70/lb),
zinc ($1.05/lb), lead ($0.95/lb), silver ($20/oz), and gold ($1900/oz).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8531/202238_f9e58fe5a4084b36_003full.jpg
The final carbonate unit encountered was the Epitaph Formation, which contained three visually
confirmed narrow zones of polymetallic base metal (Pb, Zn > Cu) mineralization in silty limestone.
Mineralization is typically associated with weak calc-silicate alteration including the presence of
smectite, saponite, diopside, green garnet, reddish hematite, rhodochrosite, and potassium feldspar in
patches. The hole was terminated at approximately 1,653m depth.
Table 1: Mineralization intervals in SUN-003 that exceed a 0.2% CuEq cutoff utilizing 100% recovery
and commodity prices of copper ($3.70/lb), zinc ($1.05/lb), lead ($0.95/lb), silver ($20/oz), and gold
($1900/oz). New assays for this press release are noted in the final column.
Hole Number
From
To
Interval
Cu
Ag
Au
Zn
Pb
Zone
Notes
(m)
(m)
(m)
(%)
(ppm)
(ppm)
(%)
(%)
SUN-003
639.17
650.60
11.43
0.08
11.67
0.02
0.42
0.10
Breccia
New Assay
708.66
710.79
2.13
0.02
9.08
0.00
0.31
0.14
Breccia
New Assay
713.84
714.36
0.52
0.17
6.69
0.01
0.32
0.06
Breccia
New Assay
806.65
808.02
1.37
0.42
118.00
0.02
0.33
0.26
Breccia
Previously Reported
1,235.81
1,256.39
20.58
0.07
4.51
0.14
0.58
0.26
Manto
Previously Reported
including
1,247.49
1,249.07
1.58
0.26
17.00
0.05
2.51
1.32
Manto
Previously Reported
including
1,252.88
1,254.74
1.86
0.09
8.55
0.42
2.12
0.41
Manto
Previously Reported
1,264.92
1,267.51
2.59
0.21
5.33
0.02
0.43
0.32
Manto
Previously Reported
1,345.97
1,346.21
0.24
1.00
59.50
0.06
11.95
8.17
Manto
Previously Reported
1,355.29
1,359.04
3.75
0.04
16.77
0.01
1.74
1.74
Manto
Previously Reported
1,365.02
1,365.63
0.61
0.23
48.90
0.01
1.71
3.44
Manto
Previously Reported
1,383.33
1,389.28
5.95
1.67
40.64
0.04
0.10
0.44
Manto
Previously Reported
including
1,385.77
1,386.75
0.98
8.18
114.00
0.04
0.21
0.12
Manto
Previously Reported
1,394.52
1,396.29
1.77
0.96
28.69
0.08
3.04
2.09
Manto
Previously Reported
including
1,395.80
1,396.29
0.49
1.42
67.70
0.04
9.19
5.61
Manto
Previously Reported
1,405.04
1,405.80
0.76
1.30
50.60
0.13
4.99
3.56
Manto
Previously Reported
1,406.65
1,407.47
0.82
0.01
3.39
0.03
0.66
0.40
Manto
Previously Reported
1,414.09
1,418.17
4.08
0.01
4.61
0.03
0.42
0.26
Manto
New Assay
1,470.54
1,473.65
3.11
0.02
3.93
0.01
0.50
0.21
Manto
New Assay
1,480.57
1,482.85
2.28
0.02
13.50
0.02
1.72
0.63
Manto
New Assay
1,486.05
1,487.76
1.71
0.01
3.72
0.00
0.37
0.30
Manto
New Assay
1,488.67
1,488.92
0.25
0.02
8.35
0.01
1.24
1.00
Manto
New Assay
1,550.67
1,551.68
1.01
0.46
377.00
0.03
11.90
3.58
Manto
New Assay
Quality Assurance and Quality Control
Drilling on SUN-003 was completed using PQ and HQ size diamond drill core. The core was logged by
experienced geologists engaged by the Company. Drill holes are logged and marked for sampling prior
to being sawn in half using a diamond blade saw, with one half of the sawn core being placed in a cloth
sample bag, with a unique sample tag, while the second half was returned to the core box for storage on
site. Sample assays are being performed by ALS Geochemistry, an accredited (ISO 9001) laboratory.
Core samples are analyzed for total copper and gold as well as a multi element ICP Analysis.
In addition to the ALS Quality Assurance program, Barksdale has an internal QA/QC program that
includes certified reference standards from OREAS North America. These standards are of similar
composition to mineral deposits found at Sunnyside. Several different standards are included in each
batch of samples submitted to the lab. These controls are tracked to ensure the integrity of the assay
data.
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 in 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
.
Neither 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
release.
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 2024; 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.
Historic drill results from the Sunnyside property are historic in nature and pre-date National
Instrument 43-101 standards. They are for informational purposes only and should not be relied on.
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. The geological similarity and close proximity of South 32's
Hermosa project (Taylor, Clark and Peake deposits) to Sunnyside is not necessary indicative of the
mineralization at Sunnyside. There are currently no National Instrument 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/202238