Barksdale Resources (TSXV: BRO) has commenced an update to the Preliminary Economic Assessment (PEA) for its 100%-owned San Javier copper-gold project in Sonora, Mexico. The 2024 PEA assumed a copper-only heap leach operation at US$4.00/lb copper; the update adds metallurgical testing to assess gold and copper recovery and will replace that price deck with current consensus prices for both metals. In 2026, the company assayed 187 drill core reject samples from five holes drilled in 2007, with four of the five holes returning positive gold results, including 9.0 metres of 3.464 g/t Au in SJ07-64. The 250,000 to 400,000 ounces of gold cited in the 2024 PEA are conceptual, as no gold Mineral Resource has been defined. The update is expected to be completed in the fourth quarter of 2027.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/27/2026 | 4,060.32 |
| Change that session | +1.07% |
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