General Base Metals
Barksdale Resources (TSX-V: BRO)(OTC: BRKCF) CEO Rick Trotman on Drilling For a Major Discovery in a Copper Bull Market
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the president and CEO of Barksdale Resources, Mr. Rick Trotman. Rick, great to have you back on. How are you?
Rick Trotman: I'm great. Thanks for having me back on the show.
Gerardo Del Real: Listen, we joked a bit off-air. I was mentioning to you the robustness of the gold price. I was reading an article earlier today, a piece by Mr. Robert Friedland who knows a little something about the commodity markets, and he was talking about the copper deficit that is fast approaching and then you joke and kidded back that you don't have a lot of gold. And I said, "But yeah, Rick, the robustness of this metals market is clearly, clearly starting to accelerate." The trend to me is clear with gold above $2,000 with the copper deficit that everyone now, even the major brokerages and banks, are finally starting to come around to. And you're perfectly positioned with drilling at Sunnyside coming up here soon. So I thought I'd reach out, get your take on the overall markets, given your capital markets experience, and then let's get into what comes next for Barksdale.
Rick Trotman: Sure, yeah. Exactly like you said. While we don't have a lot of gold in our portfolio, it's more base metal and silver focused, the gold price is one of those key metrics that investors in the mining space probably look at. And when gold goes up, people get excited. When people get excited, money starts flowing back into the sector. And with copper deficits and other base metals looking like they're set up for good supply/demand paradigms for the next five or 10 years, I think ultimately the tide will come in and all boats will rise across the equities complex here in the mining space. So overall, I think it's going to be fantastic for investors getting into the mining world, and we've got some really great projects that I think will hopefully cast the spotlight on us in that type of environment.
Gerardo Del Real: Well, set the table for me, Rick. What comes next? You mentioned having some really great projects, and you do. And but, look, both you and I and people that are familiar with Barksdale have been waiting for years for what's about to roll out here in the next several weeks and months. And I think the rest of the year is going to be a transformational one for the company. But for those that may be new to Barksdale or are looking to take advantage of a copper market that's setting up to go on an epic run, can you give us an overview of the main flagship? And then obviously, of course, talk portfolio and what happens the rest of this year.
Rick Trotman: Sure, yeah. So as you mentioned, we've been in a permitting process for quite some time, and it always seems like this never-ending process. But luckily, we've kind of come to the end of the road here. So we received our draft permit back in late January. We're working through some kind of a compulsory objection period items, and here in the next six to eight weeks, we should be all done with that permitting process and hopefully we'll have a drill in the ground soon thereafter.
And as you mentioned, that really lines up the rest of the year quite well as far as getting great results out to investors, and we hope significant results, given the type of deposit that we're looking at, the historic drilling that's associated with it. This is a big copper porphyry style project with this really high-grade skarn and carbonate replacement deposit sitting immediately off of it. And that ties into the neighbor who has probably one of the world's largest carbonate replacement deposits, a really great base metal asset that they're looking to put into production here in the next couple of years. So we have a piece of this gigantic world-class system over the next kind of six to 12 months we'll be drilling the heck out of it and determining how much of that sits on our property.
Gerardo Del Real: Well, we've talked before about geology not respecting border or property boundaries, right? And so I know that the team is uber excited about figuring out what mother nature left behind. The trend seems pretty clear to me. To me, it's just a matter of how much you're going to find, not whether or not you're going to find anything there. Do you agree with that assessment?
Rick Trotman: Yep, exactly. It's all about how much high-grade can we find. I think there'll be lots of mineralization just overall. And what we need to do is lock in on kind of the more important mineralization, which is the higher grade, and really focus on expanding those as much as possible. Those ultimately are the most economically important when it comes to mining style operations. So that's what we got to clue in on. That's what we have to follow.
Gerardo Del Real: Looking forward to an important, important last seven months of the year here for Barksdale. Anything to add to that?
Rick Trotman: I think our ticker on the Canadian Extremes is BRO and on the U.S. OTCQX, we are BRKCF.
Gerardo Del Real: Thanks, “BRO”. Couldn't help myself. Thanks, Rick. Appreciate the time.
Rick Trotman: Thanks, Gerardo.
Gerardo Del Real: Absolutely. Look forward to having you back.
Rick Trotman: Always a pleasure.
Gerardo Del Real: All right. Cheers.Click here to see more from Barksdale Resources