Barksdale Resources Corp. has finalized the extension of the maturity date of the secured convertible debentures administered by Delbrook Capital Advisors Inc. (see new release dated September 6, 2022) by one year until December 31, 2023.
“The more work that we do on the property, the better it looks” said Vic Chevillon, Geologist and Technical Advisor. “That’s always been an excellent sign in exploration. Geologically speaking, Ana Maria south claims have CRD prospects and small portal entry mines distributed at the same scale as in the Ojuela CRD District, in similar host rocks, on strike across the central regional igneous intrusive body, with high grade sampling results being returned.”
Allen Palmiere, President and CEO said “Production at the Don David Gold Mine in Mexico remains on track to achieve guidance. The feasibility study continues to advance at the Back Forty Project in Michigan. In addition to the feasibility study work, we continue to focus on preparing State of Michigan permits and engaging with the community, including tribal leaders.”
Bruce Bragagnolo, Executive Chairman said “The 2022 drill program was a major success. The drill hole into the prominent IP anomaly proved out our theory that the mineralization at depth would be different than the silver mineralization found at the historic Dios Padre silver mine workings.”
“We continue to view the southern extent of Napoleon as a primary target for near-term resource growth at Panuco,” commented Michael Konnert, President and CEO. “With a local exploration model that continues to be validated through ongoing drilling, exploration along the southern extent of Napoleon has become increasingly predictive.”
“2022 represents our eighth year of continuous production at Parral, and we look forward to approximately seven more years of sustainable production as we strengthen our ESG programs through our tailings reprocessing and remediation in Mexico,” said Brad Langille, President and CEO.
“We delivered another quarter of solid operational results with gold production of 122,200 ounces, driven largely by excellent mill performance with throughput averaging more than 13,000 tonnes per day (“tpd”), record-setting gold recoveries of close to 90%, and sustained elevated underground mining rates at 1,550 tpd.”
Camino Rojo Oxide Mine gold production totalled 28,876 ounces for the third quarter 2022, and 77,580 ounces year to date.
The goal of this part of the exploration program is to define the continuity of the steeply dipping mineralization and to identify the source of the mineralization’s feeder. These drilling results demonstrate the continuity of our mineralization similar to or higher than the current mining widths and grades at the lowest level of the current Avino Mine production area.
Chief Executive Officer, Daniel Kunz commented, “The drill results reported today continue to increase the known strike length of the Z-T structure and have extended mineralization 200 metres deeper (vertically, from 700 to 500 metres above sea level) at the southern end of Z-T. We will continue to aggressively target these previously undrilled zones between the known pit shells.”
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