Lab Report | July 20 Deep Dive on Barksdale
CEO.CA Jul 20, 2026 7:32
Summary
The market read July's drilling update as negative, sending Barksdale down 13% on 3.5x average volume after a 10-to-53-cent run.
Barksdale's 10-hole 2026 program is nearly done, and its drilling commitment lifts ownership of the Sunnyside project to 67.5%.
Step-out holes sit 600 to 650 meters from the discovery pads, showing Barksdale testing how large the target really is.
One hole returned 1.93% copper equivalent — a grade blending copper, gold and silver into copper terms — across more than 7.6 meters.
Read the intercept detail and the map, not the headline number: most discovery stocks spike on news, then give some back.
Allan Barry Laboucan's takeaways
- Top takeaway He argues the July 20 Barksdale release deserves a closer read than the market gave it, saying the share-price drop reflected a negative headline reaction rather than the substance of the update.
- He thinks Barksdale may be onto an important discovery and calls the ground elephant country for copper deposits.
- He cautions that mines are not established with one or two holes, and urges viewers to follow the series of results as the new Sunnyside target is drilled out.
- He favours wide step-out drilling over close-in holes, pointing to 600 to 650 metre lateral step-outs from the initial discovery pad as evidence of a large target being tested.
- He closes by telling viewers to keep watching the new releases, do the homework and speak with their financial advisors before acting on the story.