Vancouver, British Columbia–(Newsfile Corp. – January 19, 2022) – Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) (“Barksdale” or the “Company“) is pleased to announce assay results from 8 additional drill holes from its Phase I, 5,000-meter drilling program at the Cerro Verde zone, San Javier project Sonora. These latest results continue to confirm continuity of drilled mineralization, as well as expansion of the mineralization footprint, including both oxide and sulfide copper.

Drilling Highlights:

  • Drilling has continued to confirm and expand the footprint of the Cerro Verde zone with key results including 47m of 0.75% copper from 138-185m (SJ21-28) and 39m of 0.61% copper from 21-60m (SJ21-24), and 6m of 0.90% copper from 102-108m (SJ21-14).
  • Oxide gold intercepts in hole SJ21-29, including 15m grading 0.73 g/t gold and 8m grading 0.84 g/t gold, have extended the gold bearing portion at Cerro Verde by approximately 60m to the south.

Rick Trotman, President and CEO of Barksdale commented, “The drill results continue to demonstrate that the Cerro Verde zone has significant shallow copper mineralization. The final results from the drilling program, which are primarily step-out holes to the west and south, are expected to be released within the next few weeks, at which point we can complete our resource estimation for Cerro Verde.”

Drill Hole Discussion

Holes SJ21-27, SJ21-28 and SJ21-29 were drilled on the same section (Figure 1) with the goal of providing infill definition between existing sections spaced ~100m apart. Hole SJ21-27 intersected 13.5m meters of 0.35% copper oxide mineralization between 45 to 58.5m, at which point the hole was abandoned after encountering a 4.5m void from 58.5 to 63m. Hole SJ21-28 intersected extensive enriched and primary copper mineralization immediately above and at the supergene / primary boundary. The main copper intercept contained 47m of 0.75% copper from 138 to 185m. Additionally, the upper portion of hole SJ21-28 intersected three narrow oxide gold intercepts (with little copper) which included 0.54 g/t gold from 21-24m, 0.58 g/t gold from 36-39m and 0.39 g/t gold from 45-48m. Hole SJ21-29 results include four oxide gold intercepts including: 15m of 0.73 g/t gold between 21-36m, 9m of 0.41 g/t gold from 39-48m, 9m of 0.84 g/t gold from 51-60m and 3m of 0.58 g/t from 66-69m. These gold intercepts represent the projected southern extension of gold encountered in SJ21-05 (see the press release dated October 25, 2021).

Hole SJ21-24 and SJ21-25 were drilled on the same section (Figure 2) with the goal of infilling a 125m gap in historic drill data (SJ21-24) as well as to extend copper mineralization to the east (SJ21-25) in an area where steep topography did not allow for road construction. SJ21-24 intersected 39m grading 0.61% copper from 21-60m comprised of multiple zones of both oxide and sulfide mineralization. SJ21-25 was drilling shallowly to the east and was successful in extending mineralization by approximately 40m. Intercepts included 27m of 0.26% oxide copper from 24-51m, 12m of oxide copper from 78-90m, 33m of 0.28% mixed oxide/sulfide copper from 138-171m and 12m of 0.52% primary copper from 183 to the end of the hole.



Figure 1. Drill section highlighting copper and gold assay results from SJ21-27, SJ21-28, and SJ21-29. True widths are approximately 90-100% of drill intercepts.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8531/110743_c1f4d13204a8cb1c_002full.jpg



Figure 2. Drill section highlighting copper and gold assay results from SJ21-24 and SJ21-25. True widths are approximately 40-70% of drill intercepts.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/8531/110743_c1f4d13204a8cb1c_003full.jpg



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.

To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/8531/110743_c1f4d13204a8cb1c_004full.jpg

Table 1. Significant Drill Hole Results (Copper above 0.20% and/or Gold above 0.20 g/t). True widths vary between 40-100% and average 80%.

FromToIntervalCuAuType of
 Hole(m)(m)(m)(%)(g/t)Mineralization
 SJ21-1410210860.90Oxide
 SJ21-231230180.38Oxide/Primary
 Including122190.36Oxide
213090.39Primary
 SJ21-242160390.61Oxide/Primary
 Including212760.61Oxide
273690.84Primary
363931.26Oxide
3960210.42Primary
 and697230.68Primary
788130.20Primary
10811130.26Primary
 SJ21-252451270.26Oxide
 Including242730.460.30Oxide
333630.230.25Oxide
455160.300.28Oxide
546060.060.83Oxide
 and727530.22Oxide
7890120.48Oxide
12913230.22Oxide
138171330.28Oxide / Primary
 Including13814790.43Oxide
147162150.22Primary
16217190.25Oxide
183195120.52Primary
 SJ21-26152160.29Oxide
273030.150.39Oxide
90117270.33Oxide / Primary
 Including909990.45Oxide
99117180.28Primary
10510830.340.50Primary
 SJ21-27151830.020.80Oxide
4558.513.50.35Oxide
58.5634.5Void / No Sample
 SJ21-28212430.030.54Oxide
363930.000.58Oxide
454830.030.34Oxide
138185470.75Enriched / Primary
 including138150121.00Enriched
150162120.36Primary
162180180.95Enriched
18018550.41Primary
 SJ21-292136150.070.73Oxide
394890.020.41Oxide
516090.020.84Oxide
666930.010.58Oxide

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 3. 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
SJ21-146233313160401896140270-55Announced in this Release
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
SJ21-23623584316091177130260-55Announced in this Release
SJ21-24623406316100584912090-64Announced in this Release
SJ21-25623602316100978619590-55Announced in this Release
SJ21-266231953160750960120270-80Announced in this Release
SJ21-276232003160549969630-90Announced in this Release
SJ21-28623257316055710091850-90Announced in this Release
SJ21-2962330231605539961400-90Announced in this Release
SJ21-30623352316055610031850-90Assays Pending
SJ21-3162331131604359201470-50Assays Pending
SJ21-326231383160586951166.50-90Assays Pending
SJ21-336230253160500846165270-60Assays Pending
SJ21-346230173160600850130270-60Assays Pending
SJ21-35623010316065084984270-60Assays Pending
SJ21-366232003160000789950-90Assays Pending

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
[email protected]

Terri Anne Welyki
Vice President of Communications
778-238-2333
[email protected]

For more information please phone 778-238-2333, email [email protected] 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 proposed 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 Companys 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.

Original Article: https://www.newsfilecorp.com/release/110743/Barksdale-Intercepts-47m-of-0.75-Copper-and-39m-of-0.61-Copper-at-San-Javier-in-Sonora-Mexico

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