Barksdale Resources Completes Payment for 51% Ownership of Sunnyside JV With Regal Resources Moves Forward
Barksdale Resources Completes Payment for
51% Ownership of Sunnyside
JV With Regal Resources Moves Forward
Vancouver, British Columbia--(Newsfile Corp. - September 4, 2025) -
Barksdale Resources Corp
.
(TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") is pleased to announce
that it has completed the C$1 million cash payment and released 5 million shares of Barksdale stock,
both to Regal Resources (now Great Basin Minerals). These payments fulfill all the Phase I earn-in
requirements securing a permanent 51% ownership of the Sunnyside project in Arizona, U.S.A.
(
Announced
May 13, 2025.) Shares provided to Regal are subject to a four-month trading hold period.
"Completion of all the Phase I earn-in stipulations outlined in the Barksdale-Regal joint venture
agreement within the two-year period is a significant accomplishment on behalf of all Barksdale
stakeholders," said CEO William Wulftange.
"Just as important, the associated drill programs have intersected the down-dip extension of South32's
Taylor deposit and initiated testing of copper porphyry-style mineralization located solely on the
Sunnyside Property where historical drill programs reported intervals with elevated copper, manganese,
antimony and silver values," he added.
"Barksdale is now focused on completing the Phase II earn-in stipulations that take the Company to a
permanent 67.5% ownership of the prospective Sunnyside project within the next two-year period. This
requires completing an additional 7,260 metres (25,000 feet) of drilling and payment of C$550,000 and
issuance of 4.9 million shares," said Mr. Wulftange. Once the 67.5% ownership is reached, the
Company intends to drill the extension of South32's Peake copper deposit on Sunnyside's boundary.
Proposed Fall Drill Campaign
The Company has designed a 7,260 metre (25,000 feet) drill program to efficiently test copper, silver
and associated base metal targets found exclusively on the Sunnyside property. These targets,
previously identified by ASARCO during their 1970 through1992 exploration programs, were
recommended for follow-up drilling which was not completed. The Company plans to initiate select
ASARCO recommended follow-up drilling. The Company is currently soliciting bids from drill companies
to complete this work.
Qualified Person
William Wulftange, Reg.Mem. SME, a Qualified Person under National Instrument 43-101, has reviewed
and approved the technical content of this release. He is the CEO and director of Barksdale.
About Barksdale Resources Corp.
At Barksdale, our mission is to drive long-term shareholder value through the strategic acquisition,
exploration, and advancement of high-quality critical, base, and precious metal projects across the
Americas.
We are focused on the metals essential to the global energy transition and modern infrastructure-
particularly copper, zinc, and other critical minerals-at a time when secure, domestic and regional
sources are more important than ever.
With a sharp focus on critical metals and a commitment to responsible growth, Barksdale is positioned
to play a key role in meeting tomorrow's resource needs.
On Behalf of Barksdale Resources Corp:
William Wulftange
Chief Executive Officer and Director
604-398-5385
Ira M. Gostin
Investor Relations
604-398-5385 x3
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.
Forward-Looking Statements:
This news release may contain certain "forward-looking information" and "forward-looking statements"
(collectively "forward-looking statements") within the meaning of applicable securities legislation.
Forward-looking statements are frequently, but not always, identified by words such as "expects",
"anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or
statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. All
statements, other than statements of historical fact, included herein, without limitation, statements
relating to the Phase II earn-in and meeting the requirements thereof, and the proposed Fall 2025 drill
program and results therefrom are forward-looking statements. There can be no assurance that such
statements will prove to be accurate, and actual results and future events could differ materially from
those anticipated in such statements.
Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are
made and are based upon a number of assumptions and estimates that, while considered reasonable
by Barksdale, are inherently subject to significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and unknown, could cause actual results,
performance or achievements to be materially different from the results, performance or achievements
that are or may be expressed or implied by such forward-looking statements and the Company has
made assumptions and estimates based on or related to many of these factors. All forward-looking
statements contained in this news release are qualified by these cautionary statements and those in the
Company's continuous disclosure filings available on SEDAR+ at
www.sedarplus.ca
. Readers should
not place undue reliance on the forward-looking statements contained in this news release concerning
these items. Barksdale does not assume any obligation to update the forward-looking statements if
beliefs, opinions, projections, or other factors, should change, except as required by applicable
securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/265178