Vancouver, British Columbia--(Newsfile Corp. - February 23, 2026) - Barksdale Resources Corp. (TSXV: BRO) is excited to announce that Alford Drilling has commenced work at its Sunnyside Property in Arizona, initiating the Phase II earn-in drill program.
Drilling Program Overview
The Phase II drill program aims to explore near-surface chalcocite (Cu) occurrences in the central section of the project, previously identified by ASARCO in the 1990s. It will also investigate copper, gold, and polymetallic anomalies near the Sunnyside and Volcano mines, stemming from a fracture sampling study conducted by Big Rock Exploration in 2019. Additionally, geophysical resistivity and chargeability targets south of the World's Fair Mine will be assessed based on NSAMT surveys executed by Geofisica TCM in 2018. The drilling process is expected to span three to four months, with assay results anticipated to take up to two months post-submission to the laboratory.
CEO's Remarks
William Wulftange, CEO of Barksdale, expressed enthusiasm about the Phase II drilling, stating, "The financial support from our long-term and new shareholders, combined with the expertise of our technical team and collaboration with the USFS and USFWS, has positioned us for success as we advance our project."
Neighboring Developments
In a related update, South32 Limited has recently released development findings from its Hermosa project, indicating that the Peake Deposit may connect with the Taylor deposit. This development is significant as it suggests potential synergies in resource extraction. Barksdale's recent drilling results, alongside historical data from ASARCO, indicate that Taylor extends into Sunnyside.
Exploring San Javier
Barksdale is also evaluating a sample collection initiative aimed at assaying historic core drill samples from the San Javier area, known for its iron-oxide-copper-gold deposits. Notably, the 2021 drilling campaign revealed promising gold intercepts, including a remarkable 27 meters of 1.97 g/t gold.
Operational Compliance
The company operates under a Plan of Operation, Project Number: 2810-030503-POO-2018-004, approved by the United States Forest Service in September 2023. Regular meetings with the USFS ensure compliance and review of work proposals related to the Phase II drill program.
Financial Commitments
According to the Joint Venture Agreement with Great Basin Metals (GBM), Barksdale is committed to drilling 25,000 feet, expending $6,000,000, making a cash payment of $550,000, and issuing 4,900,000 shares to elevate its ownership stake in Sunnyside from 51% to 67.5%. Importantly, excess expenditures from the Phase I program can be allocated to meet the Phase II requirements.
Qualified Person
William Wulftange, SME Reg. Mem., LPG Utah, and Barksdale's CEO, serves as a Qualified Person under National Instrument 43-101 and has approved the technical content of this release.
About Barksdale Resources Corp.
Barksdale is dedicated to enhancing shareholder value through strategic acquisitions and exploration of high-quality metal projects across the Americas. With a focus on critical metals essential for energy transition and infrastructure, the company is set to play a pivotal role in fulfilling future resource demands. For more information on Barksdale and its projects, visit Inside Ticker.