Business
Barksdale Announces Plan to Increase Sunnyside Project Ownership to 67.5%
Received Preliminary Spring Drilling Assays and Plans for Fall Campaign All financial amounts l...
About this update from Barksdale Resources Corp.
[{"type":"text","content":"Barksdale Announces Plan to Increase Sunnyside Project Ownership to 67.5%Received Preliminary Spring Drilling Assays and Plans for Fall CampaignAll financial amounts listed in Canadian dollars.Vancouver, British Colombia--(Newsfile Corp. - June 26, 2025) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) (\"Barksdale\" or the \"Company\") is pleased to announce that it has completed all expenditures and drilling footage required to maintain a 51% interest in Sunnyside and is awaiting confirmation from Regal Resources (\"Regal\") to pay the $1.0 million cash and release the 5.0 million Barksdale shares held in escrow. The Company also announces its decision to increase its ownership of the Sunnyside property to 67.5%. As a result, the Company plans to complete another 7,620 metres (25,000 feet) to surpass the Phase 2 earn-in requirements with Regal. The fall 7,620 metre drill program is expected to start after the rainy season this year and be completed before year-end.\"We are excited to move towards 67.5% ownership of the Sunnyside project for our shareholders as the project contains not only the extensions of South32's Taylor and Peake deposits but both a large, undefined copper porphyry deposit and the near surface chalcocite target,\" said Barksdale CEO William Wulftange.\"A review of the historical drilling by ASARCO revealed both the near surface and deeper copper/base metal targets that returned very impressive intercepts of copper mineralization (Figure 1, Table 1), which have largely been ignored until now. These undeveloped targets offer low risk and high reward, warranting careful testing and resource estimation. Mining of these deposits could proceed with underground mining methods, avoiding surface disturbance, similar to the South32 complex,\" added Mr. Wulftange.The following highlights provide foundational support to the Company's decision to move beyond its initial 51% ownership in the Sunnyside project:The Patagonia District is comparable in size and potential to the Pima District in Arizona or the Bingham Canyon District in Utah.The discovery of the Clarke, Taylor, and Peake deposits by South32 are important discoveries but are not the only mineral deposits to explore in the Patagonia District.The porphyry system responsible for South32's deposits is entirely located on Barksdale's Sunnyside pro...