Categories: Precious Metals
Topics: Gold Stocks

Investing in Copper, Gold, Silver

Barksdale Resources Corp. (TSX-V: BRO)(OTC: BRKCF) — currently trading around C$0.65 per share — is advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects, both of which are located within the Patagonia mining district of southern Arizona, as well as the San Javier copper-gold project in central Sonora, Mexico.

The Sunnyside project is the flagship; the US Forest Service is expected to complete its side of the drill permitting approval process later this quarter, wherein the Barksdale team will then move forward with getting one to two drill rigs onsite.

The primary near-term exploration target at Sunnyside is a skarn located on the northeast margin of the intrusive complex that is likely to host copper-zinc-lead-silver mineralization interpreted to be the extension of the world-class Taylor deposit (see below), which is nearing a construction decision by Australian mining company, South32.

Barksdale Resources CEO Rick Trotman — whom you’re about to hear from directly in our exclusive interview — commented via press release: 

“Today's announcement is the consummation of four years of hard work and perseverance by our team. We've reached the home stretch with respect to permitting, which paves the way for Barksdale to have a large and exciting exploration program at Sunnyside in 2023. As the USFS completes its process our team is busy working on our environmental bonding, securing contracts for drill rigs, and staffing up our geologic team ahead of our first drilling program.”

Barksdale Resources is well-funded to complete its near-term exploration/drilling initiatives with ~C$6 million in the treasury. In addition to the primary skarn target at the Sunnyside project boundary with South32’s Taylor deposit, the permitting will allow Barksdale to test drill targets over a 12 sq km portion of the property.

Additionally, the company recently released an initial resource estimate for its San Javier copper-gold project in central Sonora, Mexico.

Highlights include:

• Approximately 419 million lbs of contained copper within measured and indicated categories, strategically located near existing infrastructure.
• Nearly 93% of resources are in higher confidence measured and indicated categories with an additional 31 million lbs of contained copper within inferred resources.
• Resource is open in most directions and does not include other prospects where historic drilling has confirmed the presence of additional copper mineralization.

Mr. Trotman added:

“The initial resource for Cerro Verde has greatly advanced the San Javier project and will form the foundation for an upcoming preliminary economic assessment. Given the very limited amount of waste rock and the low acid consumption rates on the oxide material, we are very encouraged that Cerro Verde could be a quality low-cost development project in the very near future that has considerable resource upside. Our next steps will be to complete an economic study that envisions an open pit, solvent-extraction electro-winning operation producing copper cathodes on site.”

So lots of near-term catalysts coming together for Barksdale Resources at multiple high-potential projects. To get the skinny, our own Gerardo Del Real of Junior Resource Monthly caught up with Barksdale Resources CEO Rick Trotman for an in-depth discussion on the flagship Sunnyside copper-zinc-lead-silver project in Arizona. Please enjoy!

For additional information on Vancouver-based Barksdale Resources, be sure to call Terri Anne Welyki at the company’s IR department at 604-398-5385 or via email at info@barksdaleresources.com.

Mike Fagan
Editor, Resource Stock Digest