Gold


Barksdale Resources (TSXV:BRO,OTCQX:BRKCF),OTCQX:BRKCF) focuses on the acquisition and exploration of highly prospective mineral properties in Arizona and Mexico. Barksdale resources' assets are located in high-value mining districts. The company spent years developing a loyal following, including key shareholders such as Teck Resources (TSX:TECK.A,NYSE:TECK) and Osisko Development Corp (TSX:ODV).

The company's flagship Sunnyside project in the Patagonia mining district of southern Arizona has seen a significant mineral discovery as well as US$1.6 billion of M&A since 2018. Barksdale is now the second largest mineral claim holder in the area behind South32 (ASX:S32), and controls five projects including Sunnyside, San Antonio, Four Metals, Goat Canyon and Canelo. Barksdale has received the exploration permit for San Antonio, and is actively advancing exploration drill permits so that it can fully explore its Sunnyside project, where the company hosts a large copper porphyry and the extension of South32’s Taylor deposit.

Barksdale Resources - Map

Company Highlights

  • Barksdale Resources CEO Rick Trotman has successfully acquired and integrated world-class properties; his integral experience and reputation has allowed him to recruit industry leaders and partners.
  • Barksdale currently operates five key projects: Sunnyside, San Antonio, Goat Canyon, Canelo and the Four Metals projects in the Patagonia district, Arizona, as well as the San Javier project in Sonora, Mexico.
  • Arizona is the heart of copper production in the US – 68 percent of all copper mined in America comes from Arizona. Most notable are the significant porphyry copper deposits found in Southern Arizona.
  • Barksdale is actively permitting the Sunnyside project for exploration. The plan is to drill Sunnyside and San Antonio in tandem in Q1 2023.
  • Teck Resources, US Global and Osisko Development Corp are key shareholders, with approximately 25 percent combined ownership
  • Barksdale is actively reviewing and qualifying other properties as an ongoing strategy to increase shareholder value.

This Barksdale Resources Corp. profile is part of a paid investor education campaign.*

Click here to connect with Barksdale Resources (TSXV:BRO,OTCQX:BRKCF),OTCQX:BRKCF) to receive an Investor Presentation.

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Barksdale Resources Corp.


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Barksdale Reports Initial Resource for San Javier

Barksdale Reports Initial Resource for San Javier

Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") is pleased to announce an initial resource estimate at Cerro Verde as part of the San Javier copper-gold project ("San Javier" or the "Project"), located within two hours of Hermosillo in the state of Sonora, Mexico. The resource is pit-constrained and uses a base case of US$4.00lb copper and various cut-off grades according to metallurgical characteristics of the mineralization. The estimate was prepared by Independent Mining Consultants, of Tucson, Arizona ("IMC") based on historic drilling at Cerro Verde between 2006 to 2021 and is effective as of October 31, 2022.

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Barksdale Clarifies Exchange Halt

Barksdale Clarifies Exchange Halt

Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") would like to clarify today's market halt, which was due to an inaccurate bulletin published by the TSX Venture Exchange ("TSXV"). In the bulletin, the TSXV accepted the filing documentation related to the extension of the Delbrook convertible debentures (press release dated October 21, 2022) and mistakenly quoted the warrant exercise price as $0.072 per warrant rather than the correct $0.72 per warrant.

Barksdale Resources Corp. is a base metal exploration company headquartered in Vancouver, BC, 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.

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Barksdale Closes Financing and Completes Extension of Financial Instrument

Barksdale Closes Financing and Completes Extension of Financial Instrument

Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") 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 ("Financing") with Teck Resources Limited ("Teck"), with respect to Teck's pro-rata equity participation right.

In the Financing, Teck subscribed for 550,000 units (the "Units") for gross proceeds of $264,000. The Units have identical terms to the Units issued in the first tranche of the Financing that closed on September 21, 2022 (see News Release dated September 21, 2022). Each Unit consists of one common share of Barksdale (each a "Common Share") and one-half (½) of one transferable share purchase warrant (each whole warrant, a "Warrant"), with each Warrant entitling the holder thereof to purchase one additional Common Share at $0.72 for a period of three years. Teck now holds approximately 9.9% of Barksdale's current equity on a partially diluted basis.

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Barksdale Provides Update on Debenture Extension

Barksdale Provides Update on Debenture Extension

Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") has finalized the extension of the maturity date of the secured convertible debentures ("Debentures") administered by Delbrook Capital Advisors Inc. (see new release dated September 6, 2022) by one year until December 31, 2023 ("Debenture Extension"). 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, Delbrook and the Company have agreed to a debt for equity plan whereby approximately $99,166 of accrued interest will be exchanged for 206,595 units of the Company (the "Units"). Each Unit will consist of one common share of Barksdale (each a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder to acquire one Common Share at a price of $0.72 for a period of three years from the date of issuance. Any subsequent interest accrued under the Debentures shall be payable in cash in accordance with the terms and conditions of the Debentures.

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Strategic Shareholder Maintains Equity Ownership in Barksdale

Strategic Shareholder Maintains Equity Ownership in Barksdale

Barksdale Resources Corp. (TSXV: BRO) ("Barksdale" or the "Company") is pleased to announce that Teck Resources Limited ("Teck"), 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 (the "Units") for gross proceeds of $264,000 ("Financing"). The Units have identical terms to the financing that closed on September 21, 2022. Each Unit consists of one share and one-half (12) of one transferable share purchase warrant, with each whole warrant entitling the holder thereof to purchase one common share at $0.72 for a period of three years. Following the Financing, Teck will hold approximately 9.9% of Barksdale's equity on a partially diluted basis.

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Challenger Exploration

Significant Discovery At "Sentazon Deeps" With Several High-Grade Intersections Including 40 Metres At 4.2 g/t AuEq

Challenger Exploration (ASX: CEL) (“CEL” the “Company”) is pleased to announce results from drilling at its flagship Hualilan Gold Project, San Juan Argentina. The results are from the Company's ongoing drill program targeting extensions to the current 2.1 million ounce AuEq1 Mineral Resource Estimate ("MRE")2. These results will feed Into a planned mineral resource update in the first quarter of 2023.

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Gold Price 2022 Year-End Review

Click here to read the previous gold price update.

Gold’s status as a safe haven and a hedge against inflation provided support in 2022 as the yellow metal battled headwinds from a strong US dollar and the US Federal Reserve's attack on inflation.

On course to shed 1.6 percent for the year, gold was unable to retain gains made in the first quarter, when a price spike following Russia's invasion of Ukraine sent the precious metal to a 19 month high of US$2,053 an ounce. The March surge was a 13 percent increase from January’s start value, but was short-lived as gold returned to the US$1,939 level by the end of Q1.

The second quarter of the year saw further consolidation as gold slipped to US$1,811, while market volatility sent the Dow Jones Industrial Average (INDEXDJX:.DJI) and the tech-heavy NASDAQ Composite (INDEXNASDAQ:.IXIC) into bear market territory.

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Marvel Discovery

Marvel Discovery Arranges $1.9M private placement

Marvel Discovery Corp.(TSX-V: MARV), (Frankfurt: O4T), (MARVF: OTCQB); (the “Company”) is pleased to announce a non-brokered private placement to raise total proceeds of $1,900,000 by issuing up to 15,283,366 flow-through Units (the “FT Units”) and issuing up to 599,963 non flow-through units (the “NFT Units”).

Each FT Unit priced at $0.12 per unit will consist of one flow-through common share and one-half of one common share purchase warrant; each whole warrant (“Warrant”) entitling the holder to subscribe for and purchase one non-flow-through common share (“Warrant Shares”) at a price of $0.25 cents for a period of 24 months following the issuance date.

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Top Stories This Week: Gold Price Breaks US$1,800, Market Eyes Fed's Next Move

- YouTubeyoutu.be

This week started off slow for gold, but the yellow metal picked up pace mid-week, rising to just above US$1,800 per ounce by Thursday (December 1). It closed out the five day period around that level.

Diverse factors continue to impact the gold price, but chief among them right now are recent comments from US Federal Reserve Chair Jerome Powell. During a closely watched Brookings Institution speech on Wednesday (November 30), he said that smaller interest rate hikes are coming and could start as early as this month.

"(I)t makes sense to moderate the pace of our rate increases as we approach the level of restraint that will be sufficient to bring inflation down. The time for moderating the pace of rate increases may come as soon as the December meeting" — Jerome Powell, US Federal Reserve
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