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Barksdale Capital Announces Land Acquisition near Sunnyside from Teck

Mining News - Published on Thu, 18 Jul 2019

Image Source: Barksdale Capital
Barksdale Capital Corp announced the acquisition of a 100% interest in the San Antonio property from Teck American Incorporated. The San Antonio property is comprised of 315 mineral claims totaling 6,300 acres, located approximately five kilometers southeast of Barksdale's flagship Sunnyside project in Santa Cruz County, Arizona and is immediately adjacent to the southeastern border of South32's Hermosa project. Barksdale's President and CEO, Mr Rick Trotman commented “In addition to our key land position at Sunnyside, the San Antonio acquisition is the next major step in Barksdale's effort to consolidate its holdings in the greater Patagonia district. The San Antonio property provides Barksdale shareholders with additional exposure to this world-class mineral trend and, more specifically, to a potential copper porphyry target that has been outlined over several successive campaigns of geologic and geophysical studies”

Highlights
The acquisition increases Teck’s equity stake in Barksdale to 9.9% from 8.0%

The large San Antonio property covers 6,300 acres in 315 mineral claims, more than doubling Barksdale's land position in the Patagonia district

Previous work by Teck at San Antonio includes extensive geophysical surveys which outline a shallow IP anomaly, designated the Cosmos target, that Barksdale interprets as a potential shallow buried copper porphyry

Source :

Posted By : Sanju Moirangthem on Thu, 18 Jul 2019
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