Core Viewpoint - Barksdale Resources Corp. has granted stock options to acquire 4,850,000 common shares at an exercise price of $0.12, demonstrating appreciation for employee contributions and commitment to the company's growth [1][2]. Company Overview - Barksdale Resources Corp. aims to drive long-term shareholder value through strategic acquisition, exploration, and advancement of high-quality critical, base, and precious metal projects across the Americas [2]. - The company focuses on metals essential for the global energy transition and modern infrastructure, particularly copper, zinc, and other critical minerals [3]. Strategic Focus - Barksdale is positioned to play a key role in meeting future resource needs, emphasizing responsible growth and the importance of secure, domestic sources of critical metals [3].

Core Viewpoint - Hudbay Minerals Inc. has signed an amended and restated option agreement with JOGMEC and Marubeni, allowing JOGMEC to acquire a 10% interest in three mining projects near Hudbay's processing facilities in Flin Flon, Manitoba, contingent upon funding C$6 million in exploration expenditures over three years [1][2][4]. Agreement Details - The agreement modifies a previous option granted to Marubeni in March 2024, which allows Marubeni to acquire a 20% interest in the same projects, provided it funds at least C$12 million in exploration expenditures [2]. - Upon successful completion of the earn-in obligations by both parties, a joint venture will be formed with Hudbay holding a 70% interest, Marubeni 20%, and JOGMEC 10% [3]. Project Overview - The agreement focuses on three projects: Cuprus-White Lake, Westarm, and North Star, all of which are within 20 kilometers of Hudbay's Flin Flon milling complex and have historical production with attractive grades of base and precious metals [6][12]. - Cuprus-White Lake has a history of producing 463,000 tonnes of copper at grades of 3.25% and gold at 1.3 grams per tonne [8]. - Westarm produced over 1.4 million tonnes from the 1970s to 1990s, with average grades of 3.2% copper and 1.58 grams per tonne gold [9]. - North Star had historical production of over 242,000 tonnes at grades of 6.11% copper and 0.34 grams per tonne gold [10]. Exploration Plans - Exploration work will continue in winter 2026 with geophysical programs and up to 5,600 meters of drilling, followed by summer exploration programs including structural and regional mapping and an additional 5,400 meters of drilling [11].

Core Insights - Power Metallic Mines Inc. has announced preliminary metallurgical results from SGS Canada Ltd, indicating high metal recoveries from the Lion zone mineralization, with copper recovery at 98.9% and a concentrate grading 25.8% copper, surpassing previous estimates [1][5][9] Metallurgical Testing Results - The initial Lock Cycle Test (LCT) showed exceptional recoveries for various metals: Copper (98.9%), Palladium (93.9%), Platinum (96.8%), Gold (85.0%), and Silver (88.9%) [1][6][9] - The mineralization at the Lion deposit is primarily composed of coarse-grained chalcopyrite and cubanite, which are expected to respond well to conventional sulphide concentration methods [2][3] Composite Samples and Testing - Three composite samples were prepared for testing: High-Grade (HG) with 103 samples, Low-Grade (LG) with 99 samples, and a Blended composite representing a 50/50 ratio [3][4] - The LCT was conducted on the Blended Composite, which is considered representative of the run-of-mine feed for conventional sulphide flotation [4][5] Recovery Performance - The LCT results indicated a high-grade concentrate containing 25.8% Cu, 1.2% Ni, 4.83 g/t Au, 41.4 g/t Pd, 23.4 g/t Pt, and 159 g/t Ag, with robust recoveries across all tested metals [6][9] - The results suggest that the previous recovery estimates of 80% for all metals were significantly underestimated, indicating a potential for higher returns from the Lion zone mineralization [9][13] Future Prospects - Power Metallic is considering a Phase 2 study to explore the creation of value-added products based on the promising metallurgical results [14] - The company aims to leverage the high recovery rates for future copper equivalent calculations, which will enhance the economic viability of the Lion project [13]

Core Sampling Procedure - The deposit is sampled using diamond drilling, with a total of 1,499 drill holes and 332,603 meters drilled, including 141 diamond drill holes by FireFly totaling 126,877 meters [5] - Core samples are taken in 1-meter intervals, with some smaller samples down to 0.3 meters to accommodate geological contacts [5] - All sample collection and core logging are supervised by a qualified geologist, ensuring industry-standard practices [5][9] Drilling Techniques - FireFly exclusively uses NQ (47.8 mm diameter) diamond drilling, with core orientation performed using a REFLEX ACT III tool [9] - Historical drilling predominantly utilized NQ size, with some BQ (36 mm) for grade control [9][6] Sample Preparation and Quality Control - Samples are dried, crushed, and pulverized, with a ring mill used to achieve 98% passing -150 mesh [5][11] - Quality control measures include the insertion of QA/QC samples at prescribed intervals, with duplicates, blanks, and Certified Reference Materials (CRMs) used to ensure accuracy [15][12] - Historical data was reviewed by independent consultants, confirming that sampling practices meet industry standards [11][22] Assaying and Laboratory Procedures - Assaying is conducted by Eastern Analytical, with 34 elements analyzed using Inductively Coupled Plasma (ICP) and gold assays determined by fire assay [15][12] - The laboratory employs its own quality control measures, including CRMs and duplicates, to maintain accuracy [15][12] Data Verification and Audits - Significant intersections are verified by independent personnel, and no adjustments to assay data have been made by FireFly or Rambler [19][14] - An independent audit in 2018 confirmed that drilling, sampling, and logging procedures met acceptable industry standards [22][19] Sample Security and Chain of Custody - Core is securely stored and transported from the drill site to the core logging facility, with access limited to authorized personnel [21][24] - Regular reviews of sampling techniques are conducted, confirming that they adhere to industry standards [24][22]