Barksdale begins phase II drilling at Sunnyside

Executive Summary

• Barksdale Resources Corp. has commenced Phase II of its earn-in drill program at the Sunnyside property in Arizona, targeting near-surface chalcocite occurrences, polymetallic anomalies, and geophysical targets identified in previous studies.
• The Phase II program is expected to take three to four months to complete, with assaying results anticipated up to two months after sample submission.
• The release highlights significant historical and recent drilling data, including Taylor deposit continuity into Sunnyside and gold intercepts at the San Javier property, while noting neighbor South32’s potential expansion of the Taylor/Peake deposit.

Key Details

• Drilling Program Scope: Phase II earn-in drill program at Sunnyside, Arizona, targeting:
  • Near-surface chalcocite (copper) occurrences in the central portion (identified/drilled by Asarco in the 1990s).
  • Copper, gold, and polymetallic anomalies near Sunnyside and Volcano mines (from Big Rock Exploration 2019 fracture sampling).
  • Geophysical resistivity/chargeability targets south of the World's Fair mine (from NSAMT surveys by Geofisica TCM in 2018).
• Timeline:
  • Drilling duration: 3–4 months.
  • Assaying duration: Up to 2 months following laboratory submission.
• Joint Venture Terms (Great Basin Metals - GBM):
  • Phase II requirements: Drill 25,000 feet, spend $6 million, pay $550,000, and issue 4.9 million shares.
  • Ownership increase: From 51% to 67.5%.
  • Expenditure carry-over: Excess expenditures from Phase I apply to Phase II requirements; Phase II expenditures were previously met in Phase I.
  • Future financing: Jointly financed by Barksdale (67.5%) and GBM (32.5%) after Phase II completion and payments.
• Sunnyside Property Updates:
  • Taylor deposit continuity: Recent Barksdale drill results (holes SUN24-002B and TCH-2A) and historical Asarco data show the Taylor deposit continues into Sunnyside.
  • Neighbor Activity: South32 Ltd. reported that its Peake deposit may combine with the Taylor deposit, potentially forming a single larger deposit, and is designing an add-on production circuit for copper.
• San Javier Property Data:
  • Reviewing historic core and 2021 drill core for gold content.
  • Classified as an iron oxide copper-gold (IOCG) deposit.
  • 2021 Drill Intercepts:
    • Hole SJ21-04: 27 metres (93 m to 102 m) at 1.97 grams per tonne gold.
    • Hole SL21-05: Two 21-metre intervals:
      • 0.55 g/t gold (42 m to 63 m).
      • 1.57 g/t gold (114 m to 125 m).
• Regulatory & Technical:
  • Project No. 2810-030503-POO-2018-004 approved by U.S. Forest Service (USFS) in September 2023.
  • Recent site review occurred in January 2026.
  • Qualified Person: William Wulftange (SME, LPG, CEO).

Notable Quotes

• "We are thrilled to begin the phase II drilling at Sunnyside... The financial support of our long-term as well as new shareholders, planning by our technical staff, guidance of the USFS [U.S. Forest Service], the USFWS [U.S. Fish and Wildlife Service], and long-term relationships with talented environmental and drilling contractors have enabled our story to march forward." — William Wulftange, CEO