Canada-based Barksdale Resources has signed a definitive agreement to acquire two copper exploration projects in the United States from Rio Tinto Group’s wholly-owned subsidiary Kennecott Exploration Company, the company said in a statement.
The two copper projects – Goat Canyon and Canelo – are located in Santa Cruz County, Arizona.
Goat Canyon Project is an early-stage porphyry copper-molybdenum exploration project located approximately 10km northwest of Barksdale’s Sunnyside project. It consists of 430 federal mining claims that cover approximately 8,650 acres, as well as two Arizona State Land Department exploration leases that cover an additional 1,254 acres.
The Canelo Project is an early-stage copper porphyry and skarn/CRD exploration project located within the Patagonia mining district, approximately 10km north-northeast of the company’s Sunnyside project. It consists of 433 federal mining claims that cover approximately 8,700 acres.
These projects have increased the company’s footprint in the US state from 12,300 acres to 30,910 acres.
Barksdale Resources is a base metal exploration company headquartered in Vancouver, Canada, and possesses multiple projects, including the Sunnyside copper-zinc-lead-silver and San Antonio copper projects in the United States, as well as the San Javier copper-gold project in central Sonora, Mexico.