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Barksdale Resources Completes Payment for 51% Ownership of Sunnyside
JV With Regal Resources Moves Forward Vancouver, British Columbia--(Newsfile Corp. - September 4...
About this update from Barksdale Resources Corp.
[{"type":"text","content":"Barksdale Resources Completes Payment for 51% Ownership of SunnysideJV With Regal Resources Moves ForwardVancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) (\"Barksdale\" or the \"Company\") is pleased to announce that it has completed the C$1 million cash payment and released 5 million shares of Barksdale stock, both to Regal Resources (now Great Basin Minerals). These payments fulfill all the Phase I earn-in requirements securing a permanent 51% ownership of the Sunnyside project in Arizona, U.S.A. (Announced May 13, 2025.) Shares provided to Regal are subject to a four-month trading hold period.\"Completion of all the Phase I earn-in stipulations outlined in the Barksdale-Regal joint venture agreement within the two-year period is a significant accomplishment on behalf of all Barksdale stakeholders,\" said CEO William Wulftange. \"Just as important, the associated drill programs have intersected the down-dip extension of South32's Taylor deposit and initiated testing of copper porphyry-style mineralization located solely on the Sunnyside Property where historical drill programs reported intervals with elevated copper, manganese, antimony and silver values,\" he added.\"Barksdale is now focused on completing the Phase II earn-in stipulations that take the Company to a permanent 67.5% ownership of the prospective Sunnyside project within the next two-year period. This requires completing an additional 7,260 metres (25,000 feet) of drilling and payment of C$550,000 and issuance of 4.9 million shares,\" said Mr. Wulftange. Once the 67.5% ownership is reached, the Company intends to drill the extension of South32's Peake copper deposit on Sunnyside's boundary.Proposed Fall Drill CampaignThe Company has designed a 7,260 metre (25,000 feet) drill program to efficiently test copper, silver and associated base metal targets found exclusively on the Sunnyside property. These targets, previously identified by ASARCO during their 1970 through1992 exploration programs, were recommended for follow-up drilling which was not completed. The Company plans to initiate select ASARCO recommended follow-up drilling. The Company is currently soliciting bids from drill companies to complete this work. Qualified Person William Wulftange, Reg.Mem. SME, a Qualified Person ...