Barksdale Resources Corp. reports exploration and corporate financing developments for its critical, base and precious metals portfolio across the Americas. Company announcements center on the flagship Sunnyside Project in Arizona, including reverse-circulation drilling, assay results, copper-zinc-silver mineralization, historical target areas, geophysical targets, permitting under a U.S. Forest Service plan of operation, and qualified-person review under National Instrument 43-101.
News also covers Barksdale's capital structure and funding activity, including private placements of common share units and warrants, secured convertible debenture amendments, shares-for-debt settlements, warrant extensions, related-party transaction disclosures, and TSX Venture Exchange matters tied to its exploration financing.
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.
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