Barksdale Resources Corp. is pleased to announce that further to its news releases dated September 6, September 21 and October 3, 2022, it has now closed the final tranche of its non-brokered private placement financing with Teck Resources Limited , with respect to Teck's pro-rata equity participation right. In the Financing, Teck subscribed for 550,000 units for gross proceeds of $264,000. The Units have identical terms [...]
Barksdale Resources Corp. has finalized the extension of the maturity date of the secured convertible debentures administered by Delbrook Capital Advisors Inc. by one year until December 31, 2023 . The Debentures have a remaining principal amount of $1,500,000 and all other terms of the Debentures remain unchanged except for the conversion price, which has increased to $0.55 per share from $0.45 per share. Additionally [...]
Barksdale Resources Corp. is pleased to announce that Teck Resources Limited , a large shareholder of the Company and one of Canada's leading mining companies, has elected to exercise its pro-rata equity participation rights and will subscribe for 550,000 units for gross proceeds of $264,000 . The Units have identical terms to the financing that closed on September 21, 2022. Each Unit consists of one share and one-half of [...]
Barksdale Resources Corp. is pleased to announce that it has closed the non-brokered private placement financing announced September 6, 2022 . Due to excess demand, the Company increased the size of the Offering from the $2,000,000 originally announced and issued a total of 4,622,917 units at a price of $0.48 per Unit for gross proceeds of $2,219,000. Each Unit consisted of one common share and one-half of one [...]
Barksdale Resources Corp. announces that it intends to conduct a non-brokered private placement financing of 4,166,666 units at a price of $0.48 per Unit for gross proceeds to the Company of $2,000,000 . Each Unit will consist of one common share of Barksdale and one-half of one common share purchase warrant . Each Warrant shall entitle the holder to acquire one Common Share at a price of $0.72 for a period of three years [...]
Barksdale Resources Corp. is pleased to report positive results from its first phase of metallurgical test work on copper mineralization at the San Javier copper-gold project located in Sonora, Mexico. A comprehensive testing program was completed in eight column tests utilizing material sourced from four large-diameter diamond core holes that were drilled by Barksdale in August and early September of 2022. The objective [...]
Barksdale Resources Corp. is pleased to announce that it has engaged Independent Mining Consultants Inc. to prepare a resource estimate and NI 43-101 Technical Report for the Cerro Verde copper zone on the San Javier project in Sonora, Mexico. IMC is an independent and internationally recognized mining consulting firm, based in Tucson, Arizona, that specializes in mineral deposit modeling, resource and reserve estimation [...]
Barksdale Resources Corp. is pleased to announce additional assay results from its Phase I, 5,000-meter drilling program at the Cerro Verde zone on the San Javier project in Sonora, Mexico. The latest results from San Javier have expanded the footprint of the Cerro Verde copper zone to the west. Drilling Highlights: Drilling results received from holes SJ21-30, SJ21-32, SJ21-33 and SJ21-34 continue to confirm and expand [...]
Barksdale Resources Corp. announces that it has made an aggregate US$25,000 cash payment and issued 67,736 common shares to Minquest Ltd and Allegiant Gold Corp at a deemed price of C$0.465 per share. This payment confirms Barksdale's intention to continue with its existing option agreement on the 760-acre Four Metals project, located 3km south of the Company's flagship Sunnyside project and 2km west of the 100% owned San [...]
Barksdale Resources Corp. is pleased to announce that the United States Forest Service has approved Barksdale's proposed drill program at the 100% owned San Antonio copper project in Santa Cruz County, Arizona. This is the first drill approval received by Barksdale on USFS administered mining claims in the Patagonia district, where the Company controls a significant mineral tenure across six properties. Highlights [...]
Barksdale Resources Corp. is pleased to announce additional assay results from its Phase I, 5,000-meter drilling program at the Cerro Verde zone on the San Javier project in Sonora, Mexico. These latest results have expanded the footprint of the Cerro Verde copper zone to the south and west. Drilling Highlights: Drilling results received from holes SJ21-31 and SJ21-35 continue to confirm and expand the footprint of the [...]
Barksdale Resources Corp. is pleased to announce additional assay results from its Phase I, 5,000-meter drilling program at the Cerro Verde zone on the San Javier project in Sonora, Mexico. These latest results have expanded the footprint of the Cerro Verde copper zone to the south and west. Drilling Highlights: Drilling results received from holes SJ21-31 and SJ21-35 continue to confirm and expand the footprint of the [...]
