Announcement Date: 2022-11-29
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Barksdale Resources Corp.
Project name: San Javier
Location: Mexico
Commodities: Copper
Highlight: Initial Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia–(Newsfile Corp. – November 29, 2022) – Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) (“Barksdale” or the “Company”) is pleased to announce an initial resource estimate at Cerro Verde as part of the San Javier copper-gold project (“San Javier” or the “Project”), located within two hours of Hermosillo in the state of Sonora, Mexico. The resource is pitconstrained and uses a base case of US$4.00/lb copper and various cut-off grades according to metallurgical characteristics of the mineralization. The estimate was prepared by Independent Mining Consultants, of Tucson, Arizona (“IMC”) based on historic drilling at Cerro Verde between 2006 to 2021 and is effective as of October 31, 2022. The San Javier project is located within a well-endowed mineral district that includes Osisko Development Corp’s San Antonio gold-copper project, immediately adjacent to Barksdale’s concessions, which hosts significant gold resources and is being advanced towards production. ODV is one of Barksdale’s largest shareholders. The San Javier project consists of three known zones of mineralization extending over five kilometers
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