Business
Barksdale Resources Completes Payment for 51% Ownership of Sunnyside
JV 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..
About this update from South32 Ltd.
[{"type":"text","content":"JV With Regal Resources Moves Forward","length":37,"tagName":"p","attribs":{"class":"nfSubHeading"},"className":""},{"type":"text","content":"Vancouver, 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.","length":597,"tagName":"p"},{"type":"text","content":""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.","length":246,"tagName":"p"},{"type":"text","content":""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.","length":357,"tagName":"p"},{"type":"text","content":""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.","length":513,"tagName":"p"},{"type":"text","content":"Proposed Fall Drill Campaign","length":28,"tagName":"p"},{"type":"text","content":"The 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 i...