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About Barksdale Resources Corp
Barksdale Resources Corp. (OTCQX: BRKCF, TSXV: BRO) is a Vancouver-based mineral exploration company focused on advancing high-potential base metal projects in North America. Specializing in copper, zinc, lead, and silver exploration, Barksdale is strategically positioned to meet the growing global demand for critical metals essential to industrial applications and the transition to green energy.
Core Business and Strategy
Barksdale operates as a junior exploration company, with a business model centered on identifying, acquiring, and advancing mineral-rich properties in geologically significant mining districts. The company’s primary focus is on early-stage exploration and resource development, with the potential to partner with larger mining companies for project advancement or production. Revenue generation is contingent on successful resource delineation and eventual monetization through partnerships, asset sales, or production royalties.
Flagship Projects
- Sunnyside Project (Arizona, USA): Located in the prolific Patagonia mining district, the Sunnyside project is a copper-zinc-lead-silver exploration initiative targeting carbonate replacement deposits (CRDs) and porphyry systems. Recent drilling campaigns have revealed high-grade polymetallic sulfide mineralization, underscoring the project’s potential for significant resource discovery.
- San Javier Project (Sonora, Mexico): This copper-gold oxide project is advancing with a Preliminary Economic Assessment (PEA) highlighting its low-cost, open-pit mining potential. The project leverages solvent-extraction and electrowinning (SXEW) technology to produce LME-grade copper cathodes on-site, offering a streamlined path to production.
Market Position and Competitive Advantages
Barksdale is positioned within the junior mining sector, competing with other exploration-focused companies. Its competitive edge lies in its strategic project locations in well-established mining jurisdictions, access to advanced geological expertise, and a focus on high-grade, scalable mineral systems. The company also benefits from strong partnerships and a disciplined approach to project financing, including the use of convertible debentures and equity funding to advance exploration activities.
Challenges and Opportunities
Operating in the mining industry presents challenges such as regulatory compliance, capital-intensive exploration, and geological uncertainties. Barksdale mitigates these risks through rigorous technical evaluations, partnerships with experienced geologists, and adherence to best practices in environmental and community engagement. The company’s focus on metals critical to the global energy transition positions it to capitalize on long-term demand growth, particularly for copper and zinc.
Commitment to Sustainability
Barksdale is committed to responsible mineral exploration, integrating environmental, social, and governance (ESG) considerations into its operations. The company prioritizes community engagement, environmental stewardship, and adherence to stringent regulatory standards, ensuring that its projects contribute positively to local economies while minimizing environmental impact.
Future Outlook
While Barksdale’s future performance depends on exploration success and market conditions, its strategic focus on high-grade, scalable projects in prolific mining regions positions it as a promising player in the junior mining sector. The company’s ongoing drilling programs and resource evaluations at Sunnyside and San Javier are expected to provide key catalysts for value creation in the coming years.
Barksdale Resources Corp (TSXV: BRO) (OTCQX: BRKCF) has received TSX Venture Exchange acceptance for extending its convertible debentures maturity date to December 31, 2025, and reducing the conversion price to $0.12 per common share. The debentures, held by Delbrook entities, have a remaining principal of $1,500,000.
The company issued 1,684,931 units to settle $151,644 of accrued interest, with each unit comprising one common share at $0.09 and half a warrant exercisable at $0.12 for three years. Additionally, Barksdale issued 8,000,000 share purchase warrants as an extension fee, exercisable at $0.12 until December 31, 2025. All securities are subject to a four-month hold period until June 15, 2025.
Barksdale Resources Corp (TSXV: BRO) (OTCQX: BRKCF) has announced a leadership transition as Rick Trotman steps down from his position as President and CEO, effective February 5, 2025. William Wulftange, a current board member since 2020, has been appointed as interim CEO.
Wulftange brings significant experience as an exploration geologist, having contributed to the discovery and development of major mines including Paradise Peak Mine in Nevada, El Peñón mine in Chile, and Cerro Negro Mine in Argentina. He previously served as SVP of Global Exploration for Yamana Gold until his retirement in 2018.
In his new role, Wulftange will focus on completing the earn-in for the company's flagship Sunnyside Project. The Board will conduct a search for a permanent CEO in the coming months.
Barksdale Resources Corp (TSXV: BRO) (OTCQX: BRKCF) has announced modified terms for its convertible debentures with Delbrook Capital Advisors. The key changes include:
- Extension of maturity date to December 31, 2025
- Reduction of conversion price to $0.12 per share
- Issuance of 8,000,000 new detachable warrants at $0.12 per share
- Continuation of 10% annual interest rate
The company will also settle accrued interest of $151,643.84 through the issuance of 1,684,932 units at $0.09 per unit. Each unit includes one share and half a warrant, with whole warrants exercisable at $0.12 for three years. All securities will have a four-month hold period and require TSX Venture Exchange approval.
Barksdale Resources Corp. (BRKCF) has announced significant assay results from drill hole SUN24-002B at its Sunnyside Project, confirming high-grade polymetallic sulfide mineralization. The results revealed impressive grades of up to 3.1% copper, 842 g/t silver, 5.5% zinc, and 7.6% lead in stacked sulfide-rich horizons.
The mineralization spans approximately 100 meters, from depths of 1270.8m to 1371.4m, where the hole was lost. The high-grade horizons vary in width from less than 1 meter to over 10 meters. The drill hole encountered over 80m of pervasive manganiferous siderite alteration before being lost at 1,374m depth when the rods became stuck.
According to company experts, the size and scale of the alteration and mineralization indicates a large hydrothermal system operating at depth, suggesting potential for a major deposit discovery.
Barksdale Resources Corp (TSXV: BRO) (OTCQX: BRKCF) is seeking TSXV approval to modify terms of its $1.5 million convertible debentures held by Delbrook Capital Advisors. The key changes include reducing the conversion price from $0.55 to $0.18 per share and extending the maturity date to December 31, 2025.
The company plans to issue 8 million new detachable common share purchase warrants to Delbrook, replacing 2.77 million expired warrants. The debentures carry a 10% annual interest rate. Additionally, Barksdale proposes a securities-for-debt settlement to resolve $151,643.84 in accrued interest through the issuance of 1,045,819 units at $0.145 per unit. Each unit includes one share and half a warrant exercisable at $0.18 for three years.
Delbrook has granted a payment extension until January 17, 2025, allowing time for TSXV approval and documentation completion.
Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) has announced significant findings from its ongoing exploration drilling at the Sunnyside Project in Arizona. The company has intercepted copper-rich carbonate replacement deposit (CRD) style mineralization at depth. Drill hole SUN24-002B has encountered approximately 93m of intensely altered and mineralized rocks, with a notable 9.75m interval of semi-massive sulfides containing up to 50% sulfide composed of chalcopyrite and galena with accessory minerals.
The drilling, currently at 1,370m depth, revealed mineralization within altered volcanic and carbonate lithologies from 1,265 to 1,358m, featuring semi-massive to stockwork textured sulfide mineralization. While visual results are encouraging, the company awaits assay results from ALS Global's laboratory in Tucson for definitive confirmation.
Barksdale Resources has announced initial assay results from its diamond core drilling program at the Sunnyside Project in Arizona. Drill hole SUN24-002 revealed high-grade mineralization with values up to 4.33% copper, 2.45% zinc, and 99.7 g/t silver. The results indicate both copper-silver and lead-zinc-silver veins, along with broad zones of hypogene chalcocite mineralization. The Chalcocite Zone, identified in multiple holes, shows consistency over a large area. The drill hole is currently at 3,014ft depth, progressing toward a target at approximately 4,100ft.
Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) has announced a debt settlement agreement to settle CA$41,367 (US$30,000) in debt by issuing 258,543 common shares at a deemed price of CA$0.16 per share. The debt is owed to an arm's-length creditor. The company entered this agreement to secure a location near its Sunnyside property for loading/unloading and storage of drilling supplies, equipment, and tools to support ongoing drilling operations.
The debt settlement shares will be subject to a four-month hold period from the date of issuance. The transaction is subject to acceptance by the TSX Venture Exchange. Barksdale Resources, a 2023 OTCQX BEST 50 Company, is focused on base metal exploration in North America, with projects in Arizona and Sonora, Mexico.
Barksdale Resources Corp. (OTCQX: BRKCF) has initiated its Phase II drilling program at the Sunnyside project in Arizona. Alford Drilling has commenced drilling reverse circulation pre-collars, with a diamond drill set to complete the holes to their target depths. The Company plans to provide an update next week on the progress.
Rick Trotman, President and CEO, expressed excitement about finding extensions of high-grade deep carbonate-hosted mineralization and noted that using reverse circulation rigs could reduce time and costs. Additionally, Barksdale completed first-year obligations of the Sunnyside option agreement, making a cash payment of C$717,071 and releasing 3,850,000 escrowed shares. The Company also met the C$3,000,000 work expenditure requirement.
Barksdale, recognized as a 2023 OTCQX BEST 50 Company, continues to advance its Sunnyside and San Antonio projects in Arizona and the San Javier project in Mexico.
Barksdale Resources Corp. (TSXV: BRO, OTCQX: BRKCF) has announced the selection of two drilling contractors for their Sunnyside project in Arizona. The drilling is set to commence in early- to mid-September 2024. The program will use a reverse-circulation (RC) drill to quickly penetrate unmineralized volcanic rocks, followed by a diamond drill rig to reach target depths. The aim is to explore the mineralization potential in the eastern Sunnyside property, focusing on base-metal carbonate-hosted mineralization.
CEO Rick Trotman highlighted the rapid organization of the drill plan by Vice President of Exploration, Alan Roberts, targeting multiple potentially mineralized systems. The program's results are highly anticipated. The announcement also acknowledged various contractors and vendors for their rapid mobilization.
Barksdale, recognized as a 2023 OTCQX BEST 50 Company, specializes in base metal exploration in North America and is advancing the Sunnyside copper-zinc-lead-silver project in Arizona's Patagonia mining district.
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