Barksdale Resources Reports 9 Metres 3.464 g/t Au in SJ07-64 and 12 Metres of 1.084 g/t Au from Resampling Program, Completes Payments to Tusk to Own 100% of San Javier Project
Barksdale Resources Reports 9 Metres 3.464
g/t Au in SJ07-64 and 12 Metres of 1.084 g/t Au
from Resampling Program, Completes
Payments to Tusk to Own 100% of San Javier
Project
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2026) - Barksdale Resources Corp. (TSXV:
BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("
Barksdale
" or the "
Company
") is pleased to report that all
remaining payments to Tusk Exploration Ltd. to acquire 100% ownership of the San Javier Project in
Sonora, Mexico, are complete. The Company has made the final installment payment of C$227,500,
issued 4,550,000 Barksdale shares, and consolidated all remaining concessions from the 2020
transaction (Figure 1).
Figure 1. San Javier de Cobre location and 12 concessions acquired, including Cerro Verde (5), San
Carlos (3), Cobre Nuevo (1) and Las Tunas (3).
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The San Javier Project hosts an IOCG (iron-oxide-copper-gold) type deposit located 140 kilometres
east of Hermosillo and adjacent to Federal Highway 16. Following the 2021 diamond core drill program,
the Company engaged Tetra Tech Canada, Inc. to complete a Preliminary Economic Assessment
("
PEA
") level resource estimation, which was issued in January 2024. The study reported total
Measured and Indicated Mineral Resource of 419.2 million pounds of copper with 289.4 million pounds
of copper recoverable using heap leach technology (Table 2). The study acknowledged that gold
mineralization was present but did not estimate a resource for gold.
2026 Gold Resource Project
Barksdale management and geologists recognized that the 2024 PEA resource estimation noted the
presence of gold values in the 2021 and historical drill assay results, yet gold content was not part of the
final PEA economics nor final resource estimation. To update and estimate the overall gold content at
San Javier, the Company identified five holes drilled in 2007 proximal to the 2021 gold bearing holes
SJ21-04 and SJ21-05 (Figure 2). Geologists collected 178 samples from historical preserved "reject"
samples for gold analysis. They added proper deposit type standards to the samples and submitted the
batch to ALS Chemex for analysis.
Table 1. Gold intercepts from the 2021 and 2026 re-sampling program of 2007 drill campaigns.
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Results show multiple gold intercepts in four of the five 2007 holes sampled (Table 1). Assay results
include shallow, near surface mineralization, including 6 metres of 0.345 g/t Au and 18 metres of 0.504
g/t Au and deeper high-grade mineralization including 9 metres of 3.464 g/t Au, results consistent with
the 2021 intercepts (Figure 2). Leapfrog resource modelling software approximates a 28% increase in
volume compared to the 2021 modeled results (Figure 2). Deposit average grades have not been
estimated at this time.
The Company has engaged Mr. Antonio Loschiavo, P. Eng., President of AKF Mining Services, to
review these recent results and determine the impact a gold resource could have on the current, Copper-
only San Javier Project resource base and overall economics of the deposit. The Company expects to
complete an update to the copper and gold mineral resource inventory using current commodity price
points and production costs. This evaluation may lead to an update to the PEA or possibly point to a
Pre-Feasibility Study evaluation.
Figure 2. A-A' cross section showing 2021 drill intercepts in white background and newly received 2007
intercepts in red background.
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Table 2. NI 43-101 compliant resource table from 2024 Tetra Tech PEA on San Javier Property, Sonora,
Mexico.
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Quality Assurance / Quality Control
All drill core rejects were delivered to ALS Global preparation facilities in Hermosillo, Sonora. Samples
were passed through a riffle splitter to obtain a 250-gram split (SPL-21), with the material obtained
milled to a pulp with 85% passing 75μm. The pulps were sent to ALS Global facilities, an accredited
(ISO 9001) laboratory in Vancouver, BC, to be tested for its gold content by Fire Assay 30g aliquot with
Atomic Absorption finish (Au-AA23). Control samples including certified reference and blank samples
were systematically inserted into the sample sequence and analyzed as part of the Company's quality
assurance/quality control protocol.
Au-AA23 Process: A prepared sample (30g or 50g) is fused with a mixture of lead oxide, sodium
carbonate, borax, silica, and other reagents as required, inquarted with 6 mg of gold-free silver and then
cupelled to yield a precious metal doré bead. Dilute nitric acid is added to the doré bead to remove Ag,
then hydrochloric acid is utilized to decompose the Au, with each step including heating via microwave
oven. The digested solution is cooled, diluted to a final volume of 4 mL with demineralized water, and
analyzed by atomic absorption spectroscopy against matrix-matched standards. Scientific and technical
information in this news release has been reviewed and approved by Jorge Cirett, a Senior Consultant
to the Company and a Qualified Person as defined under Canadian National Instrument 43-101.
ON BEHALF OF BARKSDALE RESOURCES CORP.
William Wulftange
Chief Executive Officer and Director
For more information, please phone 604-398-5385, email
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 STATEMENTS: This news release
contains 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 anticipated impact of the
2026 gold resampling results on the San Javier Project's mineral resource base, the Company's plans to
update its copper and gold mineral resource inventory, the potential for an updated Preliminary
Economic Assessment or a Preliminary Feasibility Study, and the interpretation of Leapfrog modelling
results, 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. Such factors include, without limitation, general business, economic, competitive, political
and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital,
actual results of exploration and resampling activities, the reliability of historical sample data,
environmental risks, future prices of copper and gold, operating risks, accidents, labor issues, delays in
obtaining governmental approvals and permits, and other risks in the mining industry. 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 should
beliefs, opinions, projections, or other factors change, except as required by applicable securities laws.
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