Barksdale Resources Corp Stock Price, News & Analysis

Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) has announced a debt settlement agreement to settle CA$41,367 (US$30,000) in debt by issuing 258,543 common shares at a deemed price of CA$0.16 per share. The debt is owed to an arm's-length creditor. The company entered this agreement to secure a location near its Sunnyside property for loading/unloading and storage of drilling supplies, equipment, and tools to support ongoing drilling operations.

The debt settlement shares will be subject to a four-month hold period from the date of issuance. The transaction is subject to acceptance by the TSX Venture Exchange. Barksdale Resources, a 2023 OTCQX BEST 50 Company, is focused on base metal exploration in North America, with projects in Arizona and Sonora, Mexico.

Barksdale Resources Corp. (OTCQX: BRKCF) has initiated its Phase II drilling program at the Sunnyside project in Arizona. Alford Drilling has commenced drilling reverse circulation pre-collars, with a diamond drill set to complete the holes to their target depths. The Company plans to provide an update next week on the progress.

Rick Trotman, President and CEO, expressed excitement about finding extensions of high-grade deep carbonate-hosted mineralization and noted that using reverse circulation rigs could reduce time and costs. Additionally, Barksdale completed first-year obligations of the Sunnyside option agreement, making a cash payment of C$717,071 and releasing 3,850,000 escrowed shares. The Company also met the C$3,000,000 work expenditure requirement.

Barksdale, recognized as a 2023 OTCQX BEST 50 Company, continues to advance its Sunnyside and San Antonio projects in Arizona and the San Javier project in Mexico.

Barksdale Resources Corp. (TSXV: BRO, OTCQX: BRKCF) has announced the selection of two drilling contractors for their Sunnyside project in Arizona. The drilling is set to commence in early- to mid-September 2024. The program will use a reverse-circulation (RC) drill to quickly penetrate unmineralized volcanic rocks, followed by a diamond drill rig to reach target depths. The aim is to explore the mineralization potential in the eastern Sunnyside property, focusing on base-metal carbonate-hosted mineralization.

CEO Rick Trotman highlighted the rapid organization of the drill plan by Vice President of Exploration, Alan Roberts, targeting multiple potentially mineralized systems. The program's results are highly anticipated. The announcement also acknowledged various contractors and vendors for their rapid mobilization.

Barksdale, recognized as a 2023 OTCQX BEST 50 Company, specializes in base metal exploration in North America and is advancing the Sunnyside copper-zinc-lead-silver project in Arizona's Patagonia mining district.

Barksdale Resources (TSXV: BRO) (OTCQX: BRKCF) has appointed Dr. Quinton Hennigh to its Board of Directors. Dr. Hennigh, a renowned explorationist with over 30 years of experience, is currently the President of San Cristobal Mining and Geologic and Technical Director of Crescat Capital. He expressed enthusiasm about joining Barksdale, highlighting the potential of the Sunnyside Project and its proximity to the $2B Taylor deposit under construction.

The company also granted 5,000,000 stock options to directors, officers, employees, and consultants, exercisable at $0.15 until August 19, 2027, with a phased vesting schedule. Barksdale Resources, focused on base metal exploration in North America, is advancing the Sunnyside copper-zinc-lead-silver project in Arizona's Patagonia mining district.

Barksdale Resources has announced significant management changes with the appointment of Alan Roberts as Vice President of Exploration. Alan Roberts, an experienced geologist with over 30 years in the field, will lead the exploration efforts at the Sunnyside project. Concurrently, Thomas Simpson and Andrew Pooler are retiring from their roles as Senior Vice Presidents of Exploration and Development, respectively. The company appreciates their valuable contributions. Roberts has a proven track record, notably in building a 5.2Moz gold resource at Springpole. This appointment is seen as a strategic move to advance Barksdale's projects, particularly in the Patagonia mining district of southern Arizona.

Barksdale Resources announced that the U.S. Court of Appeals for the Ninth Circuit upheld a District Court decision denying a preliminary injunction that would have halted drilling at their Sunnyside Project in Arizona. This decision confirms the thorough permitting process for the project. President and CEO Rick Trotman praised the legal team and noted that the challenge continues in district court, with a final decision expected by year-end 2024. Barksdale, recognized as a 2023 OTCQX BEST 50 Company, focuses on base metal exploration in North America, including projects in Arizona and Mexico.

Barksdale Resources Corp. announces positive results of a Preliminary Economic Assessment on the San Javier oxide copper-gold project in Mexico. The PEA shows robust economics with a 13-year mine life producing 209 million pounds of cathode copper, low cash costs, and promising NPVs and IRRs. Rick Trotman, President and CEO, highlights the project's simplicity and growth potential. The project aims for resource expansion, gold recovery, and run of mine processing.