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    BRO   CA06766T1075

BARKSDALE RESOURCES CORP.

(BRO)
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Barksdale Resources Corp. Commences 2021 Drilling Program At San Javier, Located in Sonora, Mexico

08/09/2021 | 08:28am EST

Barksdale Resources Corp. announced that it has commenced the 2021 drilling program at San Javier, located in Sonora, Mexico. The first drill hole from their 5,000-meter Phase I drilling program is now underway at the Cerro Verde zone, where copper oxide mineralization can be found at surface. The primary goal of the program is testing the controls to San Javier deposit at Cerro Verde as well as to step out from known areas of previously drilled mineralization. Additionally, the Phase I program will provide metallurgical samples that will be used to initiate column test work with McClelland Labs, which will provide the Company with metal recovery data that is necessary to continue advancing the project towards development. Upon completion of the Phase I program, the resulting higher drilling density will also serve to increase confidence within an updated 3D geologic model that will form the base for a new resource estimate. Based on the results from the Phase I program, Barksdale may decide to extend the drilling campaign at San Javier. Barksdale has contracted Globexplore Drilling S.A. de C.V, based in Hermosillo, Mexico, to complete the initial Phase I drilling program with a single diamond drill rig. Depending on drill advancement rates, the initial 5,000-meter oriented core program is estimated to take less than twelve weeks to complete, with assays and other technical updates occurring over the remainder of 2021. The drilling program at San Javier has been designed and will be overseen by Tom Simpson, Barksdale's SVP of Exploration, with Gambusino Prospector de Mexico S.A. de C.V executing the technical program and managing the day-to-day logistics. Scientific and technical information in this news release has been reviewed and approved by Lewis Teal, Senior Consultant to the Company and a `Qualified Person' as defined under Canadian National Instrument 43-101.


ę S&P Capital IQ 2021
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More news
Financials
Sales 2021 - - -
Net income 2021 -2,23 M -1,76 M -1,76 M
Net cash 2021 5,55 M 4,38 M 4,38 M
P/E ratio 2021 -12,5x
Yield 2021 -
Capitalization 21,4 M 16,9 M 16,9 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 86,0%
Chart BARKSDALE RESOURCES CORP.
Duration : Period :
Barksdale Resources Corp. Technical Analysis Chart | BRO | CA06766T1075 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 0,33 CAD
Average target price 0,75 CAD
Spread / Average Target 127%
Managers and Directors
Rick B. Trotman President, CEO & Executive Director
Michael N. Waldkirch Chief Financial Officer
Darren J. Blasutti Chairman
Peter J. McRae Independent Director
Jeffrey Morgan O'Neill Independent Director
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