Vancouver, British Columbia--(Newsfile Corp. - January 30, 2024) - Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") is pleased to provide the final assay results from the SUN2 drill hole, completed as part of the ongoing Phase I drill program at the Sunnyside copper-lead-zinc-silver exploration project in Arizona.
HIGHLIGHTS
- SUN-002 re-assays of the chalcocite zone have been completed. The zone hosts copper mineralization with a strong silver component that correlates well with historic drilling that extends nearly 2km to the northwest.
- 27m at 0.33% copper, 13.9 g/t silver, 0.04 g/t gold, 0.13% zinc from 332 meters.
- Including 9.15m at 0.49% copper, 28.8 g/t silver, 0.05 g/t gold, 0.22% zinc from 332 meters.
Rick Trotman, President and CEO states, "The final assays for SUN2 significantly extend the known footprint of the chalcocite zone that occurs both above and proximal to the Sunnyside porphyry complex. The shallow zone of copper and silver mineralization is now believed to span approximately 2.1 km east-west and 1.75km north-south, ranging in thickness between 15 and 170 meters thick. This district is loaded with potential, and we are excited about the potential for not only this shallow mineralization but the main target for this program, which is the CRD/Skarn system at depth. We'll have an update out next week on our SUN3 hole, which is targeting the deeper system."
Copper sulfide mineralization logged in SUN-002 consists of pyrite-chalcocite (+/-) sphalerite between 332 and 360m. This zone is correlated with the nearest historic drill holes over 700m away, showing that an extensive, sub-horizonal zone of mineralization is present at shallow depths across much of the permitted drill area.
Figure 1. Sunnyside project area showing the aerial extent of the shallow chalcocite zone.
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Figure 2. Cross section highlighting shallow chalcocite mineralization at Sunnyside including historic intercepts. Historic drilling and assays pre-date NI 43-101 standards and cannot be relied upon.
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Table 1. Assay results from the SUN-002 chalcocite zone. True width is estimated to be approximately 90% of interval length.
| Hole Number | From (m) | To (m) | Interval (m) | Cu (%) | Ag (ppm) | Au (ppm) | Zn (ppm) | Pb (ppm) |
| SUN-002 | 332.23 | 359.66 | 27.43 | 0.33 | 13.9 | 0.04 | 1,291 | 420.2 |
| including | 332.23 | 341.38 | 9.15 | 0.49 | 28.8 | 0.05 | 2,182 | 886.0 |
Quality Assurance and Quality Control
Drilling on SUN2 was completed using HQ and NQ size diamond drill core. The core was logged by experienced geologists engaged by the Company. Drill holes are 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 core box for storage on site. Sample assays are being performed by ALS Geochemistry, an accredited (ISO 9001) laboratory. Core samples are analyzed for total copper and gold as well as a multi element ICP Analysis.
In addition to the ALS Quality Assurance program, Barksdale has an internal QA/QC program that includes certified reference standards from OREAS North America. These standards are of similar composition to mineral deposits found at Sunnyside. 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.
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., a 2023 OTCQX BEST 50 Company, 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
Rick@barksdaleresources.com
Terri Anne Welyki
Vice President of Communications
778-238-2333
TerriAnne@barksdaleresources.com
For more information please phone 778-558-7145, email info@barksdaleresources.com or visit www.BarksdaleResources.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes "forward-looking information" under applicable Canadian securities legislation including, but not limited to, the Company's goals for 2024; geological interpretations; the proposed nature, size, timing, targets and impact of the Company's planned drilling program on the Sunnyside project, anticipated drill and exploration results; the estimation of mineral resources; magnitude or quality of mineral deposits; anticipated advancement of mineral properties or programs; future operations; mine plans; future exploration prospects; the completion and timing of technical reports; future growth potential of Barksdale Resources and future development plans for the Sunnyside copper-lead-zinc-silver project; the ability of the Company to obtain the requisite staffing, bonding and financing therefor; and the potential impact of seasonal drilling restrictions on the ability of the Company to effectively carry out such program. Such forward-looking information reflects management's current beliefs and are 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. Historic drill results from the Sunnyside property are historic in nature and pre-date NI 43-101 standards. They are for informational purposes only and should not be relied on. Readers are cautioned that such forward-looking information are neither promises nor guarantees, and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base metals, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. The Company's proposed drilling program at Sunnyside is an exploratory search for commercial quantities of ore, the discovery of which cannot be assured. The geological similarity and close proximity of South 32's Hermosa project (Taylor, Clark and Peake deposits) to Sunnyside is not necessary indicative of the mineralization at Sunnyside. There are currently no NI 43-101 resources or reserves on the Sunnyside property. There is also uncertainty about the continued spread and severity of COVID-19, the ongoing war in Ukraine and rising inflation and interest rates and the impact they will have on the Company's operations, supply chains, ability to access mining projects or procure equipment, supplies, 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.sedarplus.ca. 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.
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