Vancouver, British Columbia--(Newsfile Corp. - March 10, 2022) - Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") is pleased to announce additional assay results from its Phase I, 5,000-meter drilling program at the Cerro Verde zone on the San Javier project in Sonora, Mexico. These latest results have expanded the footprint of the Cerro Verde copper zone to the south and west.

Drilling Highlights:

  • Drilling results received from holes SJ21-31 and SJ21-35 continue to confirm and expand the footprint of the Cerro Verde zone. Key results include 48 meters of 0.54% copper from 90-135 meters (SJ21-31) and 15 meters of 0.35% copper from 45-60 meters (SJ21-35).
  • Additionally, hole SJ21-31 intercepted a thick interval of oxide gold mineralization 36 meters grading 1.11 g/t gold from 27-63 meters depth, including 15 meters grading 1.71 g/t gold from 30-45 meters depth. These results have extended the gold bearing portion at Cerro Verde by approximately 70 meters to the south.

Rick Trotman, President and CEO of Barksdale commented: "The additional holes from the Phase I drilling program continue to yield impressive copper and gold intercepts. The step out hole on the western flank of Cerro Verde has extended mineralization to the west and the SJ21-36 confirms that the copper zone extends to the south. Additionally, the oxide gold zone was extended to the south by SJ21-31, which encountered a very encouraging oxide gold intercept. Delivering these results in this copper and gold environment is very exciting and we look forward to continuing to push this asset forward."

Drill Hole Discussion

Hole SJ21-31 (Figure 1) was designed to test the extension of high-grade gold and/or copper mineralization encountered in hole SJ21-04 and SJ21-29 (see the press release dated October 25, 2021). The drill hole successfully intercepted a shallow oxide gold interval consisting of 36 meters grading 1.11 g/t gold, beginning at 27 meters. This extends the gold zone by approximately 70 meters to the south. Hole SJ21-31 also intercepted a thick copper oxide interval containing 0.54% copper over 48 meters from 90 meters depth. The hole ended in sulfide mineralization grading 0.54% copper over the final 3-meters of the hole from 144 meters depth. After reviewing the data, the Company has determined that hole SJ21-29, which is on the same section as SJ21-31, was likely ended too soon and should have been extended another 50-75 meters to intercept the copper zone. This hole is a prime candidate for extension during subsequent drilling programs.

Hole SJ21-35 (Figure 2) was designed to test the western extension of copper mineralization at Cerro Verde. The drill hole intersected multiple intervals that successfully extended mineralization to the west by approximately 50 meters, including: 15 meters grading 0.35% copper, 12 meters grading 0.22% copper, and 6 meters grading 0.24% copper. Further extensions of the deposit at Cerro Verde to the west will require construction of additional drill road access. This is currently being requested via an amendment to the current exploration permit.

Hole SJ21-36 was designed to test the potential for copper mineralization south of the Cerro Verde zone. The hole was collared approximately 75 meters south of the known copper oxide footprint and encountered a broad interval of lower grade copper oxide mineralization (0.11% copper over the first 42 meters). This included 3 meters of 0.24% copper from surface. Additional drilling to the south and southwest will likely be completed once permit amendments have been received.

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Figure 1. Drill section highlighting copper and gold assay results from SJ21-31. True widths are approximately 70% of drill intercepts.

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Figure 2. Drill section highlighting copper assay results from SJ21-35. Note that SJ21-02 was a metallurgical PQ-sized hole that is being preserved for future metallurgical and geotechnical studies - only one 11m interval was sampled/assayed as part of the ongoing column leach metallurgical testing program. True widths are approximately 70% of drill intercepts.

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Figure 3. Plan view of the Cerro Verde zone showing the historic mineralization footprint, the extent of mapped oxidation at surface, and recently completed drilling by Barksdale. Mineralization remains open to the south, southeast, southwest, and northeast.

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Table 1. Significant Drill Hole Results (Copper above 0.20% and/or Gold above 0.20 g/t). True widths vary between 70-90%.


FromTo Interval Cu Au Type of
Hole (m)(m)(m)(%)(g/t)Mineralization
SJ21-31121860.06%0.28Oxide

2763360.05%1.11Oxide
including2742150.03%1.71Oxide
and545730.06%1.89Oxide

90138480.54%
Oxide / Enriched
including13213861.35%
Enriched

14414730.54%
Sulfide
SJ21-3591560.24%
Mixed

2739120.22%
Mixed

4560150.35%
Mixed
SJ21-360330.24%
Oxide

 

 

Quality Assurance and Quality Control

Drilling was completed using HQ size diamond drill core and core was logged by geologic consultants engaged by the Company. Drill holes were 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 wooden core box for storage on site. Sample assays are being performed by Skyline Assayers & Laboratories, an accredited (ISO 9001) laboratory. Core samples are analyzed for total copper, acid soluble copper, cyanide soluble cooper, as well as well as a multi element ICP Analysis.

The analytical work has been and is subject to a QA/QC program that includes certified reference standards from OREAS North America. These standards are of similar composition to the rock types at San Javier. 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. Results are all within acceptable limits.

Table 2. Drill Hole Information

HoleEastingNorthingElevationDepthAzimuthDipStatus
SJ21-0162329231607989421000-90Metallurgical Hole
SJ21-0262313831606319671000-90Metallurgical Hole
SJ21-03623140316062296790180-45Metallurgical Hole
SJ21-0462334131605881007610-90Metallurgical Hole
SJ21-04623341316058810072010-90Extension of Met Hole (Previously Announced)
SJ21-056232583160598100626090-72Previously Announced
SJ21-066232583160602101925045-50Previously Announced
SJ21-07623432316079192220090-70Previously Announced
SJ21-086235543160599829285270-50Previously Announced
SJ21-096234623160563893150270-55Previously Announced
SJ21-10623229316048296023145-50Previously Announced
SJ21-1162344031606419031760-90Previously Announced
SJ21-12623016316034486918090-51Previously Announced
SJ21-1362333231604018961200-90Previously Announced
SJ21-146233313160401896140270-55Previously Announced
SJ21-15623129316053493115590-59Previously Announced
SJ21-16623529316075082052.5270-51Previously Announced
SJ21-176235293160750820550-55Previously Announced
SJ21-186234353160408873600-90Previously Announced
SJ21-19623435316040887380245-55Previously Announced
SJ21-206235333160852768170270-45Previously Announced
SJ21-216235333160852768300-45Previously Announced
SJ21-22623655316088269830225-50Previously Announced
SJ21-23623584316091177130260-55Previously Announced
SJ21-24623406316100584912090-64Previously Announced
SJ21-25623602316100978619590-55Previously Announced
SJ21-266231953160750960120270-80Previously Announced
SJ21-276232003160549969630-90Previously Announced
SJ21-28623257316055710091850-90Previously Announced
SJ21-2962330231605539961400-90Previously Announced
SJ21-30623352316055610031850-90Assays Pending
SJ21-3162331131604359201470-50Announced in This Release
SJ21-326231383160586951166.50-90Assays Pending
SJ21-336230253160500846165270-60Assays Pending
SJ21-346230173160600850130270-60Assays Pending
SJ21-35623010316065084984270-60Announced in This Release
SJ21-366232003160000789950-90Announced in This Release

 

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. 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
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Terri Anne Welyki
Vice President of Communications
778-238-2333
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For more information please phone 778-238-2333, email This email address is being protected from spambots. You need JavaScript enabled to view it. 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 INFORMATION: This news release includes "forward-looking information" under applicable securities legislation including, but not limited to, the ability of Barksdale to verify or replace historic estimates at San Javier as current resources, the technical and drill program at San Javier and the timing thereof, the prospective deposits, targets and mineralization at San Javier and the anticipated receipt and timing of necessary governmental or third party approvals and permits. Such forward-looking information reflects management's current beliefs and is 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 is neither a promise nor guarantee, and is subject to known and unknown risks and uncertainties including, but not limited to, delays in obtaining governmental or third party approvals and permits, actual results of exploration activities, unanticipated geologic formations, structures and characteristics, environmental risks, future prices of base and other metals, operating risks, accidents, labor issues, and other risks in the mining industry as well as general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets and lack of available capital. There are no assurances that the Company will obtain the necessary permits for and successfully complete the proposed technical and drill program at San Javier as currently contemplated or at all. In addition, there is uncertainty about the spread of COVID-19 and variants of concern and the impact they will have on the Company's operations, supply chains, ability to access mineral properties, conduct due diligence or procure equipment, 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/116287

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