Second Drill Arrives at Barksdale's Sunnyside Project
Second Drill Arrives at Barksdale's Sunnyside
Project
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2023) - Barksdale Resources Corp. (TSXV:
BRO) (OTCQX: BRKCF)
("
Barksdale
" or the "
Company
") is pleased to announce the arrival of a
second drill rig at its Sunnyside copper-lead-zinc-silver exploration project in Arizona.
Drilling has
commenced at the South Canyon zone, where multiple targets are being tested in the first hole.
Highlights:
The second diamond drill arrived at Sunnyside and drilling is underway at the South
Canyon zone.
Hole SUN-002 is targeting multiple carbonate horizons that have the potential to host
CRD and skarn mineralization, including the extensions of the Taylor deposit and Peake
prospects.
Drilling at the Boundary zone is progressing well and is within 50 meters of the projected
volcanics/carbonate contact.
Rick Trotman, President and CEO of Barksdale states, "The addition of the second drill will allow
Barksdale to quickly advance the exploration program and prioritize additional targets.
The new hole is
progressing well and has the potential to hit multiple polymetallic CRD and skarn horizons below
approximately 1,100 meters depth, including the extensions of both the Taylor deposit and Peake
prospect."
The South Canyon zone is located near the eastern property boundary, roughly 700 meters south of the
drill currently testing the Boundary zone (Figure 1).
The Company has collared a new HQ-sized diamond
drill hole at South Canyon and, based on the geology and potential mineralization encountered, is
planning on using this hole as the base for future offsetting wedge holes to the north, west, and northwest.
SUN-002 is targeting the projection of two carbonate horizons, including the upper sequence (Concha
+/- Scherrer Formations) as well as a lower sequence (Escabrosa Formation).
The upper sequence is
one of the primary hosts of the Taylor zinc-lead-silver deposit as well as the Boundary copper-zinc-lead-
silver target currently being drilled by Barksdale to the north.
The lower sequence hosts the Peake
copper skarn prospect on the adjacent South32 property.
Drilling at the Boundary zone is also progressing well.
The wedge hole SUN-001 is at approximately
1,175 meters depth and is approaching the projected top of the carbonate section (Concha Formation)
at approximately. The hole is planned to continue to approximately 1,600 meters depth, which could be
adjusted based on drilling conditions and/or encountered geology.
The Company will continue to provide
additional updates as the drill program progresses.
Figure 1.
Plan map showing the Boundary zone target area (orange) as well as the location of the
second rig in the South Canyon target area (green).
Drill locations are shown with red dots.
Deposit
and prospect outlines on the neighboring property are taken from publicly disclosed information.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8531/184253_0b7bda2464e1894e_002full.jpg
Figure 2. Simplified geologic cross section showing drill hole SUN-002 at the South Canyon target,
which is expected to encounter multiple CRD/skarn targets once it reaches the carbonate horizon at
depth.
Geology and mineralization shown on the neighboring property are approximations based on
publicly available information.
Assays shown on Sunnyside property are historic in nature and should
not be relied upon.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8531/184253_0b7bda2464e1894e_003full.jpg
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 under 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
.
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 2023; 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 NI 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 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/184253