November 14, 2017 – Vancouver, B.C. – Barksdale Capital Corp. (TSX-V: BRO) (“Barksdale” or the “Company”) reported today that the Company has completed assembling its senior leadership team to manage the development of the Sunnyside Project in Arizona on which it has acquired an option. The Sunnyside Project is home to a large porphyry copper system that appears to host multiple polymetallic exploration targets including a zinc skarn that may be an extension of the adjacent Taylor deposit owned by Arizona Mining.
Richard (Rick) Trotman will be joining the Company as President and Chief Executive Officer commencing December 13, 2017. Rick is a professional geologist with a broad range of experience within the mining industry, having worked in both buy-side and sell-side positions as well as technically focused responsibilities with major mining companies. Rick is joining Barksdale from Resource Capital Funds, a leading mining-focused private equity firm, where he was involved in executing a broad range of investments spanning the precious, base and minor metal spaces and was also responsible for establishing and managing the firm’s portfolio of exploration investments. Prior to Resource Capital Funds, Rick worked as a mining industry equity research analyst in New York City and was an exploration geologist with leading gold producers such as Barrick Gold Corp, Meridian Gold Inc. and Yamana Gold Inc. in both the USA and Mexico.
The Company also announces that Dr. Peter Megaw, C.P.G., has joined the Company as Senior Technical Advisor. Peter is a Co-founder and Chief Exploration Officer of Mag Silver Corp (“MAG Silver”) with more than 30 years of relevant experience focused on silver and gold exploration in Mexico. He has a Ph.D. in Geology from the University of Arizona and is a registered Certified Professional Geologist by the American Institute of Professional Geologists and an Arizona Registered geologist. Peter has been instrumental in a number of mineral discoveries in Mexico including new ore bodies at existing mines such as Excellon Resources' Platosa mine, as well as MAG Silver's Juanicipio and Cinco de Mayo properties. Peter is the author of numerous scientific publications on ore deposits and is a frequent speaker at academic and international exploration conferences. He is also the 2017 recipient of the prestigious Thayer Lindsley Award for mine finding from the Prospectors and Developers Association of Canada.
The Company’s Project Manager for the Sunnyside Project is Lewis Teal. Mr. Teal is a Certified Professional Geologist with over 35 years of experience in multi-commodity minerals exploration spanning both North and South America. From 1988 to April 2015, Lewis worked with Newmont Mining Corporation in a variety of senior positions including Group Executive South American Exploration/Development from 2011 to 2015, Director South America Generative Exploration from 2006 to 2011 and Exploration Manager, Newmont-Minera Yanacocha operations from 2002 to 2006. Since leaving Newmont in 2015, Lewis has acted as an independent consulting geologist providing worldwide evaluation and business case analysis of a wide range of opportunities from early stage generative exploration to advanced stage minerals project development to early stage generative exploration opportunities. Mr. Teal holds a Master of Science, Economic Geology (1979, minor in Met. Eng.) and a Bachelor of Science, Geology (1977, minor in mathematics), both from the University of Texas at El Paso.
Richard Silas will be stepping down as President and Chief Executive Officer, but will remain as a Director and Corporate Secretary of the Company.
In conjunction with the foregoing appointments, the Company has granted incentive stock options to purchase a total of 600,000 common shares at a price of $0.88 per share exercisable for a period of five years. The stock options are subject to the terms of the Company's stock option plan and regulatory approval.
The scientific and technical content and interpretations contained in this news release have been approved by Lewis Teal, CPG 6932, a consultant to the Company and a qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects.
ABOUT BARKSDALE CAPITAL CORP. – Barksdale Capital Corp. is focused on the acquisition and exploration of highly prospective precious and base metal projects in the United States.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
On behalf of the Board of Directors of Barksdale Capital Corp.,
Richard Silas, President
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking information” under applicable Canadian securities legislation including Rick Trotman’s start date with the Company. Forward-looking information is necessarily based upon a number of estimates and assumptions 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. 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.