July 22, 2024 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that drilling from the inaugural program at the Liberty property has intersected a copper (Cu) and molybdenum (Mo) porphyry system. All drill holes from the recently completed 2,442 m diamond drill program at the Liberty property in central British Columbia (BC) intersected Cu and Mo mineralization. Composited drill results are presented in Table 1, with highlight drill intervals including:
LIB24-003 intersected:
34.2 m* of 0.47% Copper Equivalent** (CuEq) from 385.0 m;
Including 14.7 m of 0.94% CuEq from 404.5 m;
Including 5.9 m of 2.02% CuEq from 410.2 m.
LIB24-001 intersected:
13.5 m of 0.33% CuEq from 257.5 m;
And 6.6 m of 0.67% CuEq from 300.9 m.
LIB24-004 intersected:
6.0 m of 0.45% CuEq from 431.0 m;
and 2.3 m of 0.36% CuEq from 500.0 m.
This first-pass drilling has confirmed that porphyry and related skarn mineralization is widespread at Liberty. The use of induced-polarization (IP) chargeability features proved to be a useful exploration tool for targeting at Liberty. Mineralization remains open to the southeast, north, and at depth. Copper grades increase toward the southeast, as shown near the end of hole LIB24-004 (Figure 1). This mineralization is south of the historic IP survey area and the mobile metal ion (MMI) soil anomaly, and represents a large, underexplored portion of the property requiring additional exploration to vector toward a potential higher-grade core of the system.
The location and number of drill pads used in the 2024 program were restricted by an existing permit covering a small portion of the property. Based on these results, a new permit application is being prepared to conduct work beyond the current permit area, where mineralization is open.
Message from the President
“We are very excited to have hit porphyry and skarn mineralization in our inaugural drill program at Liberty. We recognize the significance of these results and understand that we may be looking at a large Cu-Mo system, with indications of the grade improving to the southeast. There is strong potential for further significant mineralization in this underexplored region. A property wide surface exploration program is currently underway that will help unlock the potential at Liberty.” -Daithi Mac Gearailt
Table 1: Table of Drill Results with composite intervals >0.10% CuEq and > 0.05% Cu
* Reported widths are drill width. Not enough geological information exists at this point to define true width. However, vein bearing copper and molybdenum mineralization was commonly encountered at high angles to core axis.
** Copper Equivalent formula used is:
CuEq = Cu grade in % + (Mo grade in % * (Mo recovery/Cu recovery) * (Mo price/lb*2200 lb) / (Cu price /lb*2200 lb) using copper price of US$3.75/lb and molybdenum price of US$25/lb. 100% metallurgical recoveries are assumed for both metals.
Soil Sampling
Trailbreaker has begun a property-scale soil sampling and prospecting program to better define additional mineralized zones across the property. Sampling will extend toward the southeast, where mineralized zones identified from drilling remain open for expansion. Sampling will also cover both the Cu Skarn and Epithermal zones that have been identified by previous operators, as well as underexplored portions of the granodioritic intrusion, particularly where property-scale structures have been identified in the regional magnetic data.
Figure 1: Plan view map of composited Cu intervals annotated with highlight drill results. Note that the Cu grade increases toward the southeast from LIB24-001 to LIB24-004. LIB24-004 did not encounter the ultramafic contact, and mineralization remains open to the southeast of this hole.
Geological Description of Drilling
Drilling toward the east, through the chargeability high, encountered moderate to strong chlorite-altered (propylitic) granodiorite with porphyry-style chalcopyrite ± molybdenite-pyrite-pyrrhotite stringers and quartz veins containing chalcopyrite ± molybdenite-pyrite-pyrrhotite (Figure 2). Intermittent quartz-sericite ± clay (phyllic) alteration overprints the propylitic alteration zones. The phyllic alteration is associated with increased quartz-vein content, with individual veins reaching up to 0.75 m in core width and associated with fault zones. Late-stage molybdenite-bearing veinlets with sericitic selvages overprint other alteration and veining.
Figure 2: Porphyry-style quartz-sulphide and sulphide veining, associated with weak phyllic alteration overprinting propylitic alteration within the granodiorite intrusion. Photo is from LIB24-004 between 497.5 m and 501.3 m.
Fine grained ultramafic rocks of the Cache Creek Complex are encountered at the bottom of LIB24-001 and LIB24-003. In LIB24-003, the contact of the ultramafic rocks and the granodiorite intrusion displays localized skarn-style alteration and mineralization (Figure 3), with fine grained light green and pink mottled alteration and heavily disseminated to semi-massive chalcopyrite-molybdenite-pyrite mineralization. This alteration assemblage transitions into talc and asbestos alteration distal from the contact, and contains molybdenite ± chalcopyrite mineralization.
Figure 3: Ultramafic-hosted skarn-style alteration and heavily disseminated to semi-massive chalcopyrite-molybdenite-pyrite mineralization in LIB24-003 between 411 m and 412 m. NQ drill core is ~48 mm in diameter for scale.
Cu and Mo mineralization is associated with elevated gold, silver, and rhenium (Re). Higher grades of these metals, potentially in economic quantities, may occur in various parts of the overall mineralized system. The presence of these elements is in line with the gold and silver (Ag) anomalies in the MMI surveying.
Alteration and veining notably decrease in LIB24-002, although are still present. LIB24-002 was drilled toward the west, targeting the margin of the chargeability anomaly, where it is coincident with high resistivity and strong multi-element soil anomalies. This drilling shows that the decreasing chargeability coincides with decreasing chalcopyrite and molybdenite mineralization as well as decreasing pyrite content. In addition, the lower grade mineralization in drill core occurs below the strongest MMI soil anomalies, suggesting that the anomalous soil material has been transported from its bedrock source toward the northwest. This is an important observation regarding vectoring from soil anomalies on the property.
Historic IP surveying was conducted directly over the strongest MMI soil geochemical anomalies, and does not extend southeast, where copper grades in drill core are increasing. This area may be the source of the MMI soil anomaly. Future IP surveying should be conducted “up-ice” of significant soil geochemical anomalies, to better define the source of mineralization.
Quality Assurance/ Quality Control (QA/QC)
Drill core samples were cut in half lengthwise using a core cutting saw at the logging facility near the Liberty property. The resulting half-core samples were shipped via bonded courier to the Bureau Veritas Minerals (BV) analytical lab in Vancouver, BC, which is a certified and accredited laboratory (ISO 17025). Samples were prepared using industry-standard preparation methods, which involved crushing the entire sample until a minimum of 70% passed through a 2 mm screen. A resulting 250 g split was pulverized enabling > 85% to pass through a 75-micron screen. All samples were analysed using analytical processes FA350 (50 g fire assay fusion, ICP-ES analysis) for gold (Au), and MA300 (4-acid digest, ICP-ES analysis) for a 35-element suite. Overlimit copper values (>10,000 ppm) and molybdenum values (>4,000 ppm) were re-analysed using MA370 (4-acid digest, ICP‑ES analysis).
Trailbreaker inserted certified reference material (CRM) standards and blanks at regular intervals into the sample stream. Additionally, BV undertakes internal CRM standard, blank, and coarse and pulp-duplicate procedures to ensure proper sample preparation and equipment calibration. Review of all QA/QC data was undertaken by Trailbreaker to ensure that all results are accurate.
Batches containing sample intervals with potentially significant assay results that also included Certified Reference Material (CRM) values outside of industry-standard acceptable ranges of three standard deviations from certified values were re-analysed to verify accuracy of results.
Liberty Property Description
The 5,054-hectare Liberty Property is located approximately 60 km northwest of Quesnel, BC. The property is fully accessible by resource roads.
The primary target of the Liberty project is a northwest-trending Cu-Mo ± Au ± Ag MMI soil anomaly. This overlaps an IP chargeability feature on the margin of the granitic intrusion. A historic drill hole to the south of this coincident anomaly returned an interval of 123.1 m of 0.11% Cu and 0.04% MoS2. For more information on this target see our news release dated January 22, 2024 and the Liberty Project webpage.
In addition to the Cu-Mo porphyry target and the Cu-skarn target, which returned assay values of >8.0% Cu from historic trenching, the property also covers an epithermal gold target, where epithermal vein textures have been observed in a road cut. Nearby soil and test pit samples returned anomalous grades of gold and arsenic. These may represent a lower-temperature epithermal portion of the hydrothermal system.
About Trailbreaker Resources
Trailbreaker Resources is a mining exploration company focused primarily on mining-friendly British Columbia and Yukon Territory, Canada. Trailbreaker is committed to continuous exploration and research, allowing maintenance of a portfolio of quality mineral properties which in turn provides value for shareholders. The company has an experienced management team with a proven track record as explorers and developers throughout the Yukon Territory, British Columbia, Alaska and Nevada.
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined by National Instrument 43-101 for Trailbreaker’s BC and Yukon exploration projects, and has reviewed and approved the technical information in this release.
Other
For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerLtd, use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
June 10, 2024 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the completion of our first-pass diamond drill program focusing on the copper-molybdenum (Cu‑Mo) porphyry target at its 100% owned Liberty property in central British Columbia (BC).
The program comprised 2,442 m of diamond drilling in seven holes, ranging from 183 m to 505 m of depth (see Table 1 for collar info and Figure 1 for drill plan map). Permitting conditions constrained drilling to existing areas of disturbance over the target. Drill core is being logged, sampled, and prepared for analysis.
The drill program was focused on testing a copper-molybdenum ± gold ± silver (Cu-Mo ± Au ± Ag) geochemical soil anomaly1 coincident with an induced polarization (IP) chargeability and resistivity anomaly. A historic drillhole by Rio Tinto returned an interval of 123.1 m grading 0.11% Cu and 0.04% MoS21 from surface to end of hole. This hole is located approximately 300 m directly south of the geophysical and geochemical targets that were the focus of the 2024 drill program. The historic drill hole is interpreted by the company as collared at the margin of a mineralized porphyry body. Reprocessing and 3D inversion imaging of the historic IP data were completed earlier this year and were heavily utilized in the drill planning process.
Soil Sample Orientation Survey
A soil sample orientation survey was conducted over the historic Mobile Metal Ion (MMI) soil anomaly. Soil material was collected for field-based portable X-ray florescence (pXRF) and traditional ICP-MS analysis with aqua regia digestion. A second sample was collected at each site for MMI analysis. The purpose of this orientation survey is to determine the most efficient and effective sampling and analysis method for additional surficial exploration.
Message from the President
“This was a well-executed drill program that provided great coverage of our target area while maintaining a low-impact environmental footprint. The drill program exceeded the planned meterage and stayed under budget. I would like to thank our drill contractor, Dorado Drilling, for helping achieve our goals at the Liberty property.” -Daithi Mac Gearailt
Figure 1: Plan map of the 2024 drill program
Liberty Property Description
The 5,054-hectare Liberty Property is located approximately 60 km northwest of Quesnel, BC. The property is fully accessible by resource roads.
The primary target of the Liberty project is a northwest-trending Cu-Mo ± Au ± Ag MMI soil anomaly1. This overlaps an IP chargeability1 feature on the margin of the granitic intrusion. A historic drill hole to the south of this coincident anomaly returned an interval of 123.1 m of 0.11% Cu and 0.04% MoS21. For more information on this target see our news release dated January 22, 2024 and the Liberty Project webpage.
In addition to the Cu-Mo porphyry target and the Cu-skarn target, which returned assay values of >8.0% Cu from historic trenching2, the expanded property also covers an epithermal gold target, where epithermal vein textures have been observed in a road cut2. Nearby soil and test pit samples returned anomalous grades of gold and arsenic2. These may represent a lower-temperature epithermal portion of the hydrothermal system.
About Trailbreaker Resources
Trailbreaker Resources is a mining exploration company focused primarily on mining-friendly British Columbia and Yukon Territory, Canada. Trailbreaker is committed to continuous exploration and research, allowing maintenance of a portfolio of quality mineral properties which in turn provides value for shareholders. The company has an experienced management team with a proven track record as explorers and developers throughout the Yukon Territory, British Columbia, Alaska and Nevada.
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined by National Instrument 43-101 for Trailbreaker’s BC and Yukon exploration projects, and has reviewed and approved the technical information in this release.
Other
For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerLtd, use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
June 3, 2024 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that it has completed a high-resolution ground magnetic survey over the Moffat zone at the Eagle Lake property. The survey covers an area of approximately 4 km2 comprising overlapping multi-element mobile-metal ion (MMI) soil anomalies, induced-polarization (IP) chargeability high features, and historic drill results, including 3.52 g/t gold (Au) over 9.9 m in drillhole MOF-5. The Moffat zone is located directly south of, and in a similar geological setting associated with the Takomkane Batholith, to the Woodjam project held by Vizsla Copper Corp. (“Vizsla Copper”), which has an inferred resource of 1.71 billion pounds of copper (Cu) and 968,100 ounces of Au.
The ground magnetic survey has highlighted two sets of magnetic lineaments; one which trends northwest-southeast, and the other north-northwest (Figure 1). Historic mineralized drill results and multi-element MMI anomalies occur near the intersection of these lineaments. The magnetic survey results also highlight multiple intrusive phases with distinct concentrations of magnetite and corresponding alteration assemblages. Geological observations associated with strong magnetic high features indicate the presence of magnetite ± chalcopyrite ± malachite on northwest trending joint surfaces.
In addition, Vizsla Copper has informed Trailbreaker that they intend to exercise the terms of the first anniversary of the option agreement for four claim blocks north of the Moffat zone that are a part of the Eagle Lake property (see news release dated June 12, 2023). Vizsla Copper will issue 50,000 common shares to Trailbreaker to meet the first-year requirements of the option agreement.
Message from the President
“The ground magnetic survey has created a great value-add data set which highlights potential mineralization controls at the Moffat zone. It provides another layer of coincident data which reinforces our exploration model and will improve future targeting. We are also excited to continue being exposed to the exploration efforts of Vizsla Copper.” – Daithi Mac Gearailt
Moffat Zone Target Description
The Moffat zone is the primary target on the Eagle Lake property and is defined by an 850 x 700 m gold-copper-silver-molybdenum (Au-Cu-Ag-Mo) MMI soil anomaly. This anomaly extends east and north of historic drillhole MOF-5, which returned 3.52 g/t Au over 9.9 m from 253 m depth. Mineralization in MOF‑5 is associated with quartz vein stockwork and hydrothermal breccia, interpreted to be associated with regional-scale structures cutting the host Takomkane Batholith. The ground magnetic survey highlights these structures and important structural intersections at the Moffat zone.
Figure 1: Total magnetic field (TMI) over the Moffat zone with magnetic lineaments and magnetic low features highlighted, showing potential controls on mineralization, such as 3.52 g/t Au over 9.9 m in MOF-05. Multi-element MMI soil anomalies are coincident with the intersection of the northwest and north-northwest lineaments and local magnetic lows.
About the Eagle Lake Property
The Eagle Lake property covers over 11,100 hectares of ground across seven claim blocks prospective for porphyry copper-gold and mesothermal gold mineralization in the Cariboo Mining district. The property is located approximately 55 km east of Williams Lake, British Columbia (BC) and is fully accessible by an extensive network of forest service roads.
The four northern claim blocks, totaling ~6,500 hectares, are under an option agreement with Vizsla Copper (see news release dated June 12, 2023). The optioned claims are subject to a 2% NSR (Net Smelter Return royalty). Teck Resources Limited (“Teck”) holds an underlying 1% NSR on three of the four claim blocks, splitting the 2% NSR into 1% each for Teck and Trailbreaker on these three blocks. Trailbreaker retains the entirety of the 2% NSR on the fourth claim block. Half of the 1% NSR on three claim blocks may be bought from Trailbreaker for $500,000. Half of the 2% Trailbreaker royalty may be purchased for $1,000,000.
The remaining three claim blocks, covering the Moffat zone, are 100%-owned by Trailbreaker, with a portion subject to a 1% NSR retained by Teck. These claim blocks cover an area of ~4,700 hectares.
The Eagle Lake property is situated within the Quesnel terrane, which is host to several of BC’s large tonnage copper-gold porphyry deposits (e.g. Mount Polley and Gibraltar mines) and notable mesothermal deposits (e.g. Spanish Mountain Gold and the Cariboo Gold Project). The property is underlain by Late Triassic to Early Jurassic intrusive rocks of the Takomkane Batholith, with minor late Triassic volcanic rocks of the Nicola Group. This is a similar geological setting to the Woodjam project directly to the north, which has an inferred resource of 1.71 billion pounds of Cu and 968,100 ounces of Au.
Golden Sable Option Agreement
Trailbreaker has opted to decline the first anniversary payment and to terminate its option agreement to acquire the Golden Sable property. The property and data have been returned to the optionor. Following compilation of 2023 results, Trailbreaker determined that the project did not meet the company’s requirements for continued exploration moving forward.
About Trailbreaker Resources
Trailbreaker Resources is a mining exploration company focused primarily on mining-friendly British Columbia and Yukon Territory, Canada. Trailbreaker is committed to continuous exploration and research, allowing maintenance of a portfolio of quality mineral properties which in turn provides value for shareholders. The company has an experienced management team with a proven track record as explorers and developers throughout the Yukon Territory, British Columbia, Alaska and Nevada.
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined by National Instrument 43-101 for Trailbreaker’s BC and Yukon exploration projects, and has reviewed and approved the technical information in this release.
Other
For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerLtd, use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
May 27, 2024 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the commencement of the 2024 surficial exploration program at our Castle Rock property on northern Vancouver Island, British Columbia (BC).
The program will consist of follow-up exploration on the results obtained during 2023 (see Figure 1 below, and November 27th, 2023 news release) as well as reconnaissance exploration on unexplored ground.
Figure 1: Areas of focus for the 2024 exploration program. Soil geochemical anomalies and highlighted rock samples from the 2023 surface sampling program are overlain on geological and structural interpretations of the regional airborne magnetic survey. Sampling defined a 3 km gold-in-soil trend which includes the Heart, Watchtower, and Kokummi zones. The 2024 exploration program will follow up on results at the newly discovered Watchtower and Kokummi zones, the historic Flan zone, and will investigate unexplored ground along trend to the northwest.
During 2023, a 3 km gold-in-soil geochemical anomaly was defined along a magnetic lineament. This anomaly includes the Heart zone (historic chip sample of 2.0 g/t Au [gold] over 30 metres1) as well as the newly discovered Kokummi and Watchtower zones. Interpretation of airborne magnetic data indicates that mineralization is associated with northwest-trending structures splaying off from the Kokummi granodioritic stock in the southwest property area. This interpretation suggests that much of the property with mineral potential has not yet been explored.
The 2024 exploration program will consist of approximately 400 soil geochemical samples combined with prospecting of the Watchtower and Kokummi zones, in an effort to expand and define the geochemical signature.
Reconnaissance exploration will also be conducted on unexplored ground along trend to the northwest, as well as on the Flan zone. The Flan zone includes a historic showing that has returned assays of up to 135 g/t Au in boulders2. Exploration in 2023 confirmed high-grade gold mineralization, with assays up to 42.1 g/t Au and 1.93% Cu (copper). As well, basalt-hosted semi-massive pyrite-chalcopyrite-pyrrhotite mineralization sampled in outcrop returned assays up to 3.1 g/t Au. It is believed that this outcrop-hosted mineralization is associated with the float samples, and that higher-grade material is likely not exposed due to vegetation and/or till cover.
Message from the President
“The Castle Rock property represents an exciting opportunity for new mineral discoveries in an area with little historic exploration. We are eager to follow-up on the 2023 results and to continue advancing the project. There’s a lot of unexplored ground here with high potential for new discoveries.”
– Daithi Mac Gearailt
About Trailbreaker Resources
Trailbreaker Resources is a project generator focused primarily on mining-friendly British Columbia and Yukon Territory, Canada. We are committed to continuous exploration and research, allowing us to maintain a portfolio of quality mineral properties which in turn provides value for our shareholders. The company has an experienced management team with a proven track record as project generators and developers throughout the Yukon Territory, British Columbia, Alaska and Nevada.
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined by National Instrument 43-101 for Trailbreaker’s BC and Yukon exploration projects, and has reviewed and approved the technical information in this release.
Other
For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerLtd, use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
May 06, 2024 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce it has received a multi-year area-based exploration permit for the Swan target at the Atsutla Gold Project in northern British Columbia (BC). The permit will allow Trailbreaker to conduct advanced exploration at the Swan target, including geophysical surveying and future diamond drilling, in order to better define the mineralization system.
Trailbreaker is currently planning its 2024 exploration activities for Swan, including an induced polarization (IP) survey covering a strong multi element geochemical anomaly coincident with argillic alteration. The survey is designed to identify any chargeability and resistivity features potentially associated with mineralized alteration zones. As porphyry deposits often form in clusters, additional surface exploration will be conducted concurrently with the IP program to continue exploring for new mineralized targets at the Atsutla Gold Project.
Message from the President
“Receiving our exploration permit for Swan is a big step toward advancing the Atsutla Gold Project. We now have the capability to be more aggressive with our exploration efforts in order to advance the Swan target.” – Daithi Mac Gearailt
Swan Target Description
The Swan target is located in the eastern Atsutla Gold Property area, in northern BC. Swan is a potential gold-silver-copper (Au-Ag-Cu) porphyry system, defined by a 900 m by 700 m Au-Ag-Cu-arsenic (As) – antimony (Sb) – molybdenum (Mo) – lead (Pb) soil geochemical anomaly along a gossanous ridge. The host setting is a leucogranite porphyry intrusion with argillic and phyllic alteration assemblages. Bedrock sampling by Trailbreaker in the centre of the soil anomaly has returned values up to 11.5 g/t Au and 16.8 g/t Ag.
Historic IP surveying around the Swan target took place in the valley west of the soil anomaly. This work focused on a molybdenum anomaly associated with a semi-circular chargeability high. This chargeability feature partially wraps around the soil anomaly, but the survey dimensions do not cover the entire anomaly. Additionally, IP surveying will be valuable in identifying potential chargeability highs, which may indicate high sulphide content and associated alteration zonation. As well, resistivity characteristics may help vector toward felsic intrusive centers and high-density quartz veining which would indicate the potassic core of a porphyry system.
Figure 1: Highlights of the Swan target include the strong Au geochemical anomaly, phyllic and argillic alteration zones, and the partial chargeability high ring feature defined from a historic IP survey.
About the Atsutla Gold Project
The Atsutla Gold project covers over 40,000 hectares of underexplored and prospective ground in northwestern BC. The project covers a portion of the Atsutla mountain range 70 km south of the BC-Yukon border. Placer gold was recorded in the area during the early 1900s, with very little subsequent mineral exploration.
The project is centered over the crustal-scale Teslin-Thibert fault system that marks the division between the Quesnel and Cache Creek terranes. Gold mineralization is associated with Mesozoic intrusive batholiths that are the predominant geological unit on the property. Trailbreaker has discovered five significant zones of gold mineralization across the property. These are:
Swan Zone – discussed above – Au-Cu-Ag porphyry target defined by a 900 m by 700 m multi-element soil geochemical anomaly with rock samples grading up to 11.5 g/t Au and 16.8 g/t Ag.
Highlands Zone – A 750 m by 600 m area in the western Atsutla Gold property region, with veins containing coarse visible gold and assaying up to 630 g/t Au and 1,894 g/t Ag.
Christmas Creek Zone – Gold-bearing quartz veins 2 km east of the Highlands Zone, with rock samples assaying up to 102 g/t Au and 524 g/t Ag.
Snook Zone – High-grade veins 3.5 km northeast of the Highlands Zone with rock samples assaying up to 53.3 g/t.
Willie Jack Zone – 1.25 km long gold-in-soil anomaly with soil samples assaying up to 3.77 g/t Au and rock samples up to 9.9 g/t Au.
About Trailbreaker Resources
Trailbreaker Resources is a mining exploration company focused primarily on mining-friendly British Columbia and Yukon Territory, Canada. Trailbreaker is committed to continuous exploration and research, allowing maintenance of a portfolio of quality mineral properties which in turn provides value for shareholders. The company has an experienced management team with a proven track record as explorers and developers throughout the Yukon Territory, British Columbia, Alaska and Nevada.
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a qualified person as defined by National Instrument 43-101 for Trailbreaker’s BC and Yukon exploration projects, and has reviewed and approved the technical information in this release.
Other
For new information about the Company’s projects, please visit Trailbreaker’s website at TrailbreakerResources.com and sign up to receive news. For further information, follow Trailbreaker’s tweets at Twitter.com/TrailbreakerLtd, use the ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Trailbreaker has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Trailbreaker does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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