Barksdale Resources Corp. is pleased to announce that it has closed the previously announced non-brokered private placement of $1,750,000 secured convertible debentures arranged through Delbrook Capital Advisors Inc., an existing security holder of the Company.
Taj Singh, President and CEO, states: “We look forward to completing our Pre-Feasibility Study in 2022 as we continue to systematically advance Cordero towards a construction decision. The Pre-Feasibility Study framework will incorporate supplementary metallurgical testwork, reserve definition drilling and dedicated Pre-Feasibility Study engineering drilling and will continue to incorporate staged expansions of the processing facility to ensure capital efficiency.”
“We have now defined a 1.2 km corridor of Au-Ag mineralization at Pilar, half of which has seen no drilling. We plan to test these target areas with systematic drilling during the Phase III drill program currently underway.”
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