Barksdale Notified of USFS Challenge
Vancouver, British Columbia--(Newsfile Corp. - June 21, 2023) - Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") has been informed that an action has been filed in the United States District Court against the United States Forest Service ("USFS") by various non-profit and environmental groups seeking to set aside the USFS' recently issued Environmental Assessment, Decision Memorandum and Finding of No Significant Impact related to the Company's proposed Sunnyside copper-lead-zinc-silver exploration program in Arizona. Barksdale is not a party to the lawsuit but will endeavor to assist the USFS as much as possible as they move forward.
Rick Trotman, President and CEO of Barksdale, states, "The Company stands by the USFS' decision, which is the culmination of almost five years of extensive environmental review, public scoping and process. The Company is proud of its thorough and conscientious approach to the protection of the natural environment and looks forward to a speedy resolution of this matter. In the meantime, the USFS continues to process the Company's Plan of Operation for Sunnyside as the Company prepares to commence its planned drilling program as soon as we're given the green light."
Barksdale Resources Corp., a 2023 OTCQX BEST 50 Company, is a base metal exploration company headquartered in Vancouver, B.C., that is focused on the acquisition, exploration and advancement of highly prospective base metal projects in North America. Barksdale is currently advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects, both of which are in the Patagonia mining district of southern Arizona, as well as the San Javier copper-gold project in central Sonora, Mexico.
ON BEHALF OF BARKSDALE RESOURCES CORP.
President, CEO and Director
Terri Anne Welyki
Vice President of Communications
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes "forward-looking information" under applicable Canadian securities legislation including, but not limited to, the receipt and timing for formal approval of the Company's plan of operations ("PoO") for the Sunnyside copper-lead-zinc-silver project; the proposed nature, size, timing, targets and impact of the Company's planned drilling program on the Sunnyside project following approval of the PoO and the ability of the Company to obtain the requisite staffing, bonding and financing therefor; and the potential impact of seasonal drilling restrictions on the ability of the Company to effectively carry out such program. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees, and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base metals, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, environmental challenges, and other risks in the mining industry. There is uncertainty regarding the outcome of the above-noted challenge to the validity, in whole or in part, of the USFS' Environmental Assessment, Decision Memorandum and Finding of No Significant Impact for the Company's proposed Sunnyside copper-lead-zinc-silver exploration program and the timing for when such matter will be finally resolved. A successful challenge to the USFS' approvals for the Sunnyside project would result in additional delays and costs (which could be substantial) to the Company in seeking to redress any additional environmental issues and obtain new approvals from the USFS, which approvals would not be guaranteed. Further, there are no assurances that the Company's PoO for the Sunnyside property will be approved by the USFS on the basis currently contemplated or at all. In addition, the Company's proposed drilling program at Sunnyside is an exploratory search for commercial quantities of ore, the discovery of which cannot be assured. There are currently no NI 43-101 resources or reserves on the Sunnyside property. There is also uncertainty about the continued spread and severity of COVID-19, the ongoing war in Ukraine and high inflation and interest rates and the impact they will have on the Company's operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all and economic activity in general. All forward-looking information contained in this news release is qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/170811