June 5, 2025 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that the TSX Venture stock exchange (the “Exchange”) has approved the option agreement for Trailbreaker to acquire a 100% interest in the Coho property, central British Columbia (BC).
The 8,000-hectare Coho property covers a copper-gold (Cu-Au) porphyry target located 90 km north of Fort St. James, BC, and 30 km west of the Mount Milligan mine. Historically named the Chuchi South property, Trailbreaker renamed the project as the Coho property when the Company announced the acquisition on May 26, 2025 (see news release).
Terms of the Option Agreement
On May 15th, 2025, Trailbreaker signed an option agreement (the “Agreement”) with Ron Bilquist (“Bilquist”) of Gabriola, BC. Subject to the approval of the Exchange, Trailbreaker has the option to acquire a 100% interest in the Coho property if the following terms are met:
(a) pay to Bilquist an aggregate $380,000 as follows:
(i) $20,000 on execution of this Agreement;
(ii) an additional $25,000 on or before May 20, 2026;
(iii) an additional $35,000 on or before May 20, 2027;
(iv) an additional $50,000 on or before May 20, 2028;
(v) an additional $50,000 on or before May 20, 2029;
(vi) an additional $200,000 on or before May 20, 2030; and
(b) issue and deliver to Bilquist an aggregate 700,000 Trailbreaker common shares (“Shares”) as follows:
(i) 50,000 Shares within 10 days of the date of Regulatory Approval;
(ii) an additional 100,000 Shares on or before May 20, 2026;
(iii) an additional 150,000 Shares on or before May 20, 2027;
(iv) an additional 200,000 Shares on or before May 20, 2028;
(v) an additional 200,000 Shares on or before May 20, 2029; and
(c) complete Expenditures on the Property of $200,000 as follows:
(i) $200,000 of Expenditures on or before May 20, 2027; and
(ii) Expenditures (including the Expenditures referred to in (i) above) of $1 million or
1,500 metres of diamond drilling within 3 years of receiving a drill permit
Upon completion of the Agreement, Trailbreaker will obtain a 100% interest in the property and Bilquist will retain a total 2.0% Net Smelter Return (NSR) royalty, which may be brought down to 0.5% through a cash payment of $1,500,000 to Bilquist.
Upon completion of a bankable feasibility study, Trailbreaker shall pay to Bilquist $1,500,000.
Commencing on May 20, 2032, Trailbreaker shall pay to Bilquist annually $30,000 as an advance payment against the royalty, such payments to be credited against the royalty once the property goes into commercial production.
For more information about the Coho property see the May 26, 2025 news release or the Coho section on Trailbreaker’s webpage:
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 26, 2025 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the acquisition of the Coho property, a drill-ready copper-gold (Cu-Au) porphyry target located in central British Columbia (BC), 30 km west of the Mount Milligan mine.
Highlights of the Coho Property
8,000 hectares in size.
Located 90 km north of Fort St. James, BC and 185 km northwest of Prince George, BC
Excellent road access throughout the property.
30 km west of the Mount Milligan Cu-Au porphyry deposit (reserves of 1.2 B lbs Cu, 2.8 Moz Au1) which has a similar geological setting.
3 km south of Pacific Ridge Exploration’s BP zone which hosts a non-NI 43-101 compliant historic resource of 50 million tonnes grading between 0.21 – 0.40% Cu and 0.21 – 0.44 g/t Au2. Significant drill intersections at the BP zone include 0.51% copper equivalent2 (CuEq) over 100 m and 0.27% CuEq over 382 m.
Recently completed property-wide geochemical and geophysical surveys, but with only 2,186 meters of historic drilling in 20 widely-spaced holes.
The priority target, the Coho zone, has never been drilled, but hosts a recently identified chargeability and resistivity anomaly with high-grade gold and copper values from rock grab samples at surface.
Two faults, the Valley and Redline faults, extend south from the BP zone and converge with the Coho fault at the Coho zone.
Surface grab samples at the Coho zone returned values up to 15 g/t Au, 16.35% Cu, and 67.3 g/t silver (Ag)3.
Daithi Mac Gearailt, CEO of Trailbreaker, commented:“We are extremely pleased to add the Coho property to Trailbreaker’s portfolio of high-quality gold and copper exploration projects. With some ground-truthing of pad locations, the Coho zone will be drill-ready and represents an excellent prospect for a large copper-gold porphyry discovery. We would like to thank Mr. Ron Bilquist, a renowned BC prospector, for presenting us with this rare opportunity to test a well-explored, but un-drilled target.”
Location and Access
The 8,000-hectare Coho property is located 90 km north of the Town of Fort St. James, BC (see Figure 1). The property has excellent road access via Forest Service Roads throughout the claims. The property is also located 30 km west of Centerra Gold’s Mount Milligan Cu-Au porphyry deposit, a producing mine with current reserves of 1.2 B lbs Cu and 2.8 Moz Au.
The nearest First Nation communities with overlapping traditional territories in the project area include Nakazdli Whut’en (Fort. St. James area), Takla First Nation (Takla Landing) and McLeod Lake Indian Band (McLeod Lake).
Figure 1: Location of the Coho property.
History
Exploration at the Coho property dates back to the 1960s and includes property-wide soil geochemical surveys, geophysical surveys, and 2,186 meters of diamond drilling in 20 widely spaced holes. Several kilometer-scale geochemical anomalies have been defined, and narrow, high-grade copper-gold values were intersected in historic diamond drill holes. Recent exploration efforts have outlined several new copper-gold porphyry targets that remain to be drill tested. These include the Chent West, Coho West, Brooks, and Coho zones (see Figure 2).
Trailbreaker’s Coho property is contiguous with the Chuchi Project which is currently being advanced by a joint venture between Centerra Gold and Pacific Ridge Exploration. The Chuchi Project has undergone a considerable amount of exploration since its discovery in the 1960s, by companies such as Noranda, BP, and AuRico, and with over 11,000 meters of diamond drilling completed in 53 drill holes. The majority of this drilling has focused on the BP zone which represents a 1.5 km x 1.5 km area of copper-gold mineralization with a historic, non-NI 43-101 compliant resource of 50 million tonnes grading between 0.21 – 0.40% Cu and 0.21 – 0.44 g/t Au2. Significant drill intersections include: 16 m of 1.55% CuEq within 100 meters of 0.51% CuEq (1991 drill campaign), and 382 meters of 0.27% CuEq (2024 drill campaign). The BP zone sits on the north-south Valley/Redline fault structure that trends south into Trailbreaker’s Coho property (see Figure 2).
Geology and Mineralization
Trailbreaker’s Coho property covers a similar geological and mineralogical setting to the BP zone (3 km to the north) and the Mount Milligan Cu-Au porphyry deposit (30 km to the southeast). Situated within the prolific Quesnel tectonic terrane, the Coho property is underlain by Lower Jurassic volcanic and sedimentary rocks of the Takla Group intruded by Jurassic monzodiorite and syenite porphyry intrusions associated with the margin of the Hogem batholith.
The Coho property is an alkalic Cu-Au porphyry target. This type of mineralized system commonly forms in clusters which have strong potential for significant gold content. Examples of such deposits along the Quesnel terrane include: Mount Milligan, Mount Polley (measured and indicated resource of 1.25 B lbs Cu, 1.9 Moz Au4), Kemess (measured and indicated resource of 1.7 B lbs Cu, 4.4 Moz Au5), Red Chris (reserves of 8.1 Moz Au, 4.8 B lbs Cu6), and Amarc’s new AuRORA discovery in the JOY district (recent drill results include 0.98 g/t Au, 0.25% Cu over 271 m7).
The Drill-Ready Coho Zone
The Coho zone is the priority target, defined by a 650 x 550 m Cu-Au-Ag surface rock and soil geochemical anomaly hosted in diorite and spatially associated with an ENE-trending fault zone (the Coho fault) and gabbro dykes. Two additional faults, the Valley and Redline, extend south from the BP zone (Chuchi Project) and converge with the Coho fault at the Coho zone.
A total of 135 rock grab samples taken at the Coho zone from 2020 to 2022 returned the following values:
Up to 16.15 g/t Au, with an average of 0.79 g/t Ag (median 0.04 g/t)
Up to 16.35% Cu, with an average of 1.00% Cu (median 0.31%)
Up to 67.3 g/t Ag, with an average of 7.7 g/t Ag (median 2.2 g/t)
A recent (2022) airborne ZTEM (Z-axis Tipper electromagnetic) survey followed by a 2023 ground-based induced polarization (IP) survey identified an interpreted 400 m x 250 m x 200 m deep porphyry intrusive complex (3D ZTEM anomaly) with a two-limbed IP chargeability high anomaly that spans more than 1.4 km (see Figure 3). The chargeability limbs may represent phyllic alteration that commonly surrounds a potassic-altered porphyry core. The eastern limb underlies both the surface geochemical anomaly and 3D ZTEM intrusive complex identified at the Coho zone and is interpreted to represent an eastward tilted porphyry copper-gold system similar to the nearby Mount Milligan deposit.
The Coho zone is located 4.5 km south of the BP deposit and is currently interpreted to be situated along the same Valley/Redline fault structure that hosts the BP deposit. Alkalic porphyry deposits commonly occur in clusters and Trailbreaker’s team believes the Coho property, in particular the Coho zone, may represent a similar Cu-Au porphyry deposit to the BP deposit, and that this system is part of a cluster of deposits found along the margin of the Hogem batholith. The high Au grades returned from surface sampling at the Coho zone also represent the potential of a higher-grade porphyry gold system, similar to the Mount Milligan deposit (average mine grade of 0.39 g/t Au8). The Coho zone has never been drilled and remains the top priority drill target.
Terms of the Option Agreement
On May 15th, 2025, Trailbreaker signed an option agreement (the “Agreement”) with Ron Bilquist (“Bilquist”) of Gabriola, BC. Subject to the approval of the TSX Venture Exchange, Trailbreaker has the option to acquire a 100% interest in the Coho property if the following terms are met:
(a) pay to Bilquist an aggregate $380,000 as follows:
(i) $20,000 on execution of this Agreement;
(ii) an additional $25,000 on or before May 20, 2026;
(iii) an additional $35,000 on or before May 20, 2027;
(iv) an additional $50,000 on or before May 20, 2028;
(v) an additional $50,000 on or before May 20, 2029;
(vi) an additional $200,000 on or before May 20, 2030; and
(b) issue and deliver to Bilquist an aggregate 700,000 Trailbreaker common shares (“Shares”) as follows:
(i) 50,000 Shares within 10 days of the date of Regulatory Approval;
(ii) an additional 100,000 Shares on or before May 20, 2026;
(iii) an additional 150,000 Shares on or before May 20, 2027;
(iv) an additional 200,000 Shares on or before May 20, 2028;
(v) an additional 200,000 Shares on or before May 20, 2029; and
(c) complete Expenditures on the Property of $200,000 as follows:
(i) $200,000 of Expenditures on or before May 20, 2027; and
(ii) Expenditures (including the Expenditures referred to in (i) above) of $1 million or
1,500 metres of diamond drilling within 3 years of receiving a drill permit
Upon completion of the Agreement, Trailbreaker will obtain a 100% interest in the property and Bilquist will retain a total 2.0% Net Smelter Return (NSR) royalty, which may be brought down to 0.5% through a cash payment of $1,500,000 to Bilquist.
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.
January 13, 2025 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the results of the Z-axis Tipper electromagnetic (ZTEM) and induced polarization (IP) surveys, at the Liberty copper (Cu) – molybdenum (Mo) project, in central British Columbia (BC).
Combined ZTEM and IP data interpretation define a central 1,600 m x 800 m area, extending to >700 m of depth, having a strong (>20 mV/V) chargeability response. The strong chargeability zone is within a larger area of moderate (>7 mV/V) chargeability, measuring 4.0 km x 3.5 km, extending to >700 m of depth. This IP chargeability anomaly is coincident with a resistive intrusive complex transecting the property from north to south, as defined by the ZTEM survey (Figure 1).
The strong chargeability anomaly has not been drill-tested. However, previous diamond drilling by Trailbreaker along the margin of the moderate chargeability anomaly returned long continuous intervals of Cu-Mo porphyry-style mineralization, including 213.7 m of 0.16% CuEq in hole LIB24-001.
ZTEM resistivity and magnetic data define two additional porphyry targets, based on mottled magnetic signatures including a central magnetic high, within the resistive intrusive complex. All three porphyry targets (P1, P2, and P3) occur ‘up-ice’ of glacially transported Cu-Mo-Ag (silver) – Au (gold) multi-element geochemical soil anomalies defined from 2024 soil sampling (see news release from September 16, 2024).
Figure 1: Oblique 3D view of IP chargeability model overlain on ZTEM resistivity model. Green areas define the >600 ohm-m intrusive complex; transparent orange outlines the >7 mV/V IP chargeability response; and solid orange defines the >20 mV/V IP chargeability response. The approximate area of previous drilling completed by Trailbreaker is circled, as well as the newly defined strong chargeability response (red dashed circle) 1.1-2.0 km to the south-southwest of the drilling area.
Message from the President
“We recognized the geological significance of our early drilling results at Liberty which suggest previous exploration defined only the margin of the potential porphyry system. This led us to take a zoomed-out approach to conduct property-scale exploration, ultimately leading to Trailbreaker identifying a much larger system than previously recognized, with multiple potential porphyry centers. The increasing chargeability response to the south of Trailbreaker’s 2024 drilling is encouraging and indicates that the system may strengthen in that direction corresponding to increased Cu grades in drill core. In addition, the ZTEM and IP surveys not only indicate a potentially large areal extent of the system, but also show great potential for vertical continuity, commencing directly below overburden.” Daithi Mac Gearailt
area of strong chargeability (>20 mV/V). This chargeability anomaly occurs within the resistive intrusive complex, where no outcrop is present. The target is ‘up-ice’ of the multi-element soil anomaly, which has been the focus of past exploration. Drilling in 2024 by Trailbreaker intersected the northern extent of the chargeability anomaly and returned long, continuous intervals of Cu-Mo mineralization. Similar ZTEM, magnetic, and geochemical characteristics to P1 occur at both P2 and P3, defining additional porphyry targets at Liberty.
Discussion of results
ZTEM surveying defined a 2 to 3 km wide intrusive complex, indicated by high resistivity values (>600 Ohm-m), that transect north-south across the property, bending southwest in southern areas (Figure 3). The intrusive complex extends for at least 12 km, and resistivity modelling suggests it extends to greater than 2 km of depth.
The intrusive complex is associated with known porphyry-style mineralization encountered in the 2024 drilling (e.g. 213.7 m of 0.16% CuEq from 248.3 m to the end of hole in LIB24-001), which is associated with a moderate IP chargeability response (7-13 mV/V) and a mottled magnetic low feature flanking a magnetic high.
Figure 3: Left: 200 m depth slice of 2D inverted ZTEM data. Strongly resistive intrusive complex is outlined, transecting the property. Multi-element soil anomalies are outlined. Right: Total magnetic intensity from ZTEM survey. Three magnetic high zones surrounded by mottled magnetic lows (P1, P2, P3), potentially caused by magnetite-destructive alteration, are outlined. All three porphyry targets occur ‘up-ice’ from multi-element soil anomalies, which are interpreted to be glacially dispersed.
Historic IP surveying covered approximately 120 hectares (ha) of prospective geology along the intrusive complex boundary. The expanded IP surveying completed in 2024 includes 32.8 line-km across 11 IP sections, covering an area of approximately 1,600 ha or >13 times greater than the area previously surveyed.
The expanded survey results indicate that the mineralization encountered in the 2024 drilling may extend 4 km in a north-south orientation and 3.5 km in a northwest-southeast orientation, and extends to depths of >700 m (Figure 4). The large area of weak chargeability response displays increasing chargeability strength toward the core area and at depth, with a central core of strong chargeability (>20 mV/V) measuring 1,600 m in length, 800 m in width, and extending to >700 m of depth. The strong chargeability response may reflect increased sulphide abundance within the large hydrothermal system.
The zone of high chargeability occurs beneath a layer of glacial till and is not exposed at surface. When accounting for glacial dispersion through ice-flow indicator measurements, it is apparent that the strong geochemical anomaly, the focus of past exploration efforts, occurs 1.0 ‑ 2.0 km ‘down-ice’ from this zone. Thus, the geochemical anomaly is likely sourced from this chargeability anomaly and has been glacially dispersed to its present location.
Figure 4: Left: 100 m depth slice of inverted chargeability data overlain on 100 m slice of ZTEM resistivity data. Note the strong correlation between the P1 magnetic target, ZTEM-defined intrusive complex, and moderate chargeability response (5-30 mV/V). The strongest chargeability (>40 mV/V) correlates with graphitic argillites that host high-grade copper veins, but the chargeability is interpreted to be caused by graphitic material rather than sulphides. The dashed line labelled ‘cross-section’ correlates to the ZTEM and IP cross-section displayed in Figure 4. Right: 300 m (top) and 500 m (bottom) depth slices of chargeability and ZTEM resistivity. Note the chargeability feature within the intrusive complex increases in strength with depth.
The large zone of moderate chargeability within the intrusive complex is strongly correlated with a mottled magnetic response, where magnetic high ‘pimples’ are surrounded by halos of low to moderate magnetic responses (Figure 3). The magnetic highs may reflect magnetite-bearing potassic alteration. The lows are interpreted to be caused by magnetite-destructive clay-sericite alteration, which may also have introduced sulphides into the system, causing the chargeability response.
Beyond the area covered by the IP survey, there are two other zones that display the same mottled magnetic features within the resistive intrusive complex. Both of these zones cover a similar porphyry-scale area and occur ‘up-ice’ of other coincident multi-element soil geochemical anomalies. This indicates potential for at least three multi kilometre-scale porphyry zones within the Liberty property. These newly identified zones are strong candidates for additional IP surveying to define the chargeability responses within.
Figure 5: East-west orientated cross-section along UTM easting 5893450, looking north, of ZTEM resistivity (top) and IP chargeability (bottom). Note the data is at different scales, with the dashed box in the ZTEM cross-section indicating the approximate area of the chargeability data. The ZTEM data potentially indicates a strongly resistive intrusive complex (>600 Ohm-m), which extends to >2,000 m below the surface. A strong chargeability (>20 mV/V) response coincident with the intrusive complex is interpreted as potential porphyry-style mineralization. On the west side of the chargeability section, a very strong chargeability response (>40 mV/V) is coincident with a low resistivity response (<100 Ohm‑m) caused by outcropping graphitic argillites that host the high-grade copper mineralization encountered in surface sampling. The structurally controlled high-grade copper mineralization may be genetically associated with porphyry mineralization at depth or laterally.
Trailbreaker contracted Geotech Ltd. (Geotech) to complete an airborne Z-axis Tipper electromagnetic (ZTEM) and caesium magnetometer survey over the entire Liberty property. The survey effectively defines the resistivity and magnetic susceptibility features across the property, which is centered on the Mesozoic intrusive complex hosting known porphyry and skarn-style mineralization.
A total of 602 line-kilometers of geophysical data were acquired during the survey, covering an area of 110 km2 with 200-metre spaced east-west survey lines and 2,000-metre spaced north-south tie-lines.
Induced Polarization Survey Parameters
Trailbreaker contracted Simcoe Geoscience Ltd. (Simcoe) to complete an induced polarization survey at the Liberty property, using Simcoe’s Alpha IP technology. The IP survey was designed to extend a historic (2011) IP survey that defined a weak to moderate chargeability high feature associated with Cu-Mo porphyry mineralization, and included surveying at a larger scale to cover the Cu-in-soil anomaly defined during 2024 fieldwork.
A total of 32.8 line-kilometers were surveyed along 11 IP lines, with 200 m to 400 m line spacings, and from 2.1 km to 3.8 km in length. The survey used an inline dipole-pole-dipole (reverse and forward 2D survey) array with a 100-metre dipole spacing. To increase depth of penetration, extra current injections were made at both ends of the profiles. The estimated depth of investigation of the survey is from 500 m to 700+ m, depending on the profile length.
Liberty Property Description
The 6,895-hectare Liberty Property is located approximately 60 km northwest of Quesnel, BC. The property is fully accessible by resource roads.
Drilling at Liberty has encountered widespread Cu-Mo porphyry-style mineralization at the northeastern margin of a property-scale Cu-in-soil geochemical anomaly, which is coincident with a kilometer-scale moderate to strong chargeability anomaly and an intrusive complex with a high resistivity signature. Highlights of drill results include:
LIB24-001 – 213.7 m of 0.16% CuEq from 248.3 m to the end of hole;
Including 13.5 m of 0.33% CuEq from 257.5 m;
And including 6.6 m of 0.67% CuEq from 300.9 m;
LIB24-003 – 194.3 m of 0.16% CuEq from 256.0 m,
including 34.2 m of 0.47% CuEq from 385.0 m,
and including 5.9 m of 2.02% CuEq from 410.2 m;
LIB24-004 – 226.0 m of 0.11% CuEq from 279.0 to the end of hole
Including 6.0 m of 0.45% CuEq from 431.0 m
And including 2.3 m of 0.36% CuEq from 500.0 m
Prospecting within the southwestern portion of the property-scale geochemical anomaly has defined an area of high-grade copper mineralization, with grab samples assaying up to 23.71% Cu. This high-grade copper mineralization is interpreted to be genetically related to a large Cu-Mo porphyry system.
For more information on this target see the Liberty Project webpage.
* Reported widths are drill widths. Insufficient geological information exists at this point to define true widths. However, vein- hosted copper and molybdenum mineralization commonly occurs 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.
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.
November 25, 2024 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the completion of a combined airborne magnetic and radiometric survey over the Swan target area within the Atsutla Gold Project, northwestern British Columbia (BC), Canada. The survey provides another layer of valuable geophysical data at the Swan gold (Au) – copper (Cu) – silver (Ag) porphyry target. Drill targeting is being conducted on the Swan target utilizing the geophysical data collected in 2024.
The primary drill targets at Swan are defined by a coincident donut-shaped chargeability high feature identified from geophysical and multi element rock and soil geochemical surveying. Rock grab samples assayed up to 11.7 g/t Au, 95 g/t Ag, and 0.81% Cu within this target. All geophysical features and geochemical results were obtained from a gossanous mountain which represents a zone of advanced argillic (clay mineral) alteration of a granodiorite stock.
Message from the President
“We are excited about how the Atsutla Gold Project is taking form, ranging from the high-grade gold veins at the Western Atsutla area to a compelling Au-Cu-Ag porphyry prospect at the Swan Zone. We are fully permitted to drill-test both targets and we’ve now completed the necessary exploration groundwork to effectively target these zones.” – Daithi Mac Gearailt
Airborne Survey
The airborne magnetic and radiometric surveys were completed by Precision GeoSurveys, covering a 43 km2 area over the Swan target on the western side of the Atsutla property. The survey defines a magnetic low coinciding with the donut-shaped chargeability high, with a subtle magnetic high in the centre of the donut. The magnetic low may be caused by magnetite-destructive phyllic alteration, whereas the subtle magnetic high in the center may indicate a magnetite-bearing, potassic altered intrusion at depth. A zone of enriched potassium (K) relative to thorium (Th) and uranium (U) in radiometric responses occurs on the eastern side of the centre of the chargeability donut. Elevated K is commonly associated with K-feldspar and biotite (potassic) alteration.
Figure 1: Looking southwest toward the gossanous Swan zone, with a corresponding magnetic low, potassic (K) enrichment, a chargeability high, and multi-element soil and rock geochemical anomalies.
About the Swan Zone
The Swan Zone is located on the eastern side of the Atsutla Gold project in northwestern BC. It is a potential Au-Cu-Ag porphyry system, defined by a 1,400 m by 800 m Au-Ag-Cu-arsenic (As) – antimony (Sb) – molybdenum (Mo) – lead (Pb) soil geochemical anomaly along a gossanous ridge. The host setting is a granodiorite porphyry intrusion with zoned advanced 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, associated with sulphide-rich veins. A near in-situ (“subcrop”) rock sample returned values of 11.7 g/t Au, 95 g/t Ag, and 0.81% Cu. The surface geochemical anomalies are associated with advanced argillic alteration, which may represent the upper portion of a porphyry system.
IP surveying around the Swan target defined a donut-shaped chargeability high feature. This chargeability high is coincident with a relative magnetic low, and the southern portion is coincident with a resistivity low feature. The combined chargeability high, resistivity low, and magnetic low features are interpreted to potentially represent the phyllic alteration zone of a porphyry system. The centre of the chargeability donut is marked by a subtle magnetic high and localized K-alteration identified from radiometric surveying. This combination may be indicative of potassic style alteration.
About the Atsulta 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 along 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 two primary areas of mineralization within the Atsutla Gold Project. These areas and the targets within include:
Swan zone – discussed above – an Au-Cu-Ag porphyry target defined by a 1,400 m by 800 m multi-element soil geochemical anomaly. Rock samples grading up to 11.5 g/t Au and 16.8 g/t Ag are coincident with a 2.1 km x 1.4 km donut-shaped chargeability high feature.
Western Atsutla
Highlands zone – A 750 m by 600 m area in the western Atsutla Gold property area, 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 2.1 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 mineral 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.
October 15, 2024 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the mobilization of geophysical crews from Geotech Ltd. and Simcoe Geoscience Ltd. (“Simcoe”) to conduct Z-axis Tipper Electromagnetic (ZTEM) and induced polarization (IP) surveys, respectively, at the Liberty copper (Cu) – molybdenum (Mo) project, in central British Columbia (BC).
The ZTEM survey is designed to provide property-wide resistivity and magnetic data up to a depth of 1,500 m. This will help define the geological, structural and alteration features of porphyry and skarn-style mineralization, of which previous grab samples assayed up to 23.71% Cu.
The IP survey is being conducted over the Cu-in-soil anomaly (see news release September 16, 2024) in order to define the extensions of historic chargeability and resistivity features that are coincident with Cu‑Mo mineralization intersected during Trailbreaker’s 2,442 m drill program conducted earlier this year (see news release dated July 22, 2024). The survey will utilize Simcoe’s Alpha IPTM technology to survey up to 500+ m of depth, ensuring any deep sources of mineralization are detected.
Results and interpretation from both surveys are expected before the end of 2024.
Message from the President “We are excited that these surveys have commenced at Liberty. The surveys extend deep below the overburden on the property. When these results are coupled with what we have learned from drilling, together with our property-wide geochemical survey and the high-grade Cu in rock samples, we expect it to produce a robust geological model to help vector and de-risk future drilling. This project is advancing quickly and in the right direction for a discovery.” Daithi Mac Gearailt
Figure 1: ZTEM survey equipment conducting calibration tests at the Liberty property, central BC
Liberty Property Description The 6,895-hectare Liberty Property is located approximately 60 km northwest of Quesnel, BC. The property is fully accessible by resource roads.
Drilling at Liberty has encountered widespread Cu-Mo porphyry-style mineralization at the northeastern margin of a property-scale Cu-in-soil geochemical anomaly. Mineralization is coincident with an Induced Polarization (IP) chargeability feature. However, historic IP surveying covered only a small portion of the much larger geochemical anomaly. Highlights of drill results include:
LIB24-001 – 213.7 m of 0.16% CuEq from 248.3 m to the end of hole;
Including 13.5 m of 0.33% CuEq from 257.5 m;
And including 6.6 m of 0.67% CuEq from 300.9 m;
LIB24-003 – 194.3 m of 0.16% CuEq from 256.0 m,
including 34.2 m of 0.47% CuEq from 385.0 m,
and including 5.9 m of 2.02% CuEq from 410.2 m;
LIB24-004 – 226.0 m of 0.11% CuEq from 279.0 to the end of hole
Including 6.0 m of 0.45% CuEq from 431.0 m
And including 2.3 m of 0.36% CuEq from 500.0 m
Prospecting within the southwestern portion of the property-scale geochemical anomaly has defined an area of high-grade copper mineralization, with grab samples assaying up to 23.71% Cu.
For more information on this target see the Liberty Project webpage.
* Reported widths are drill width. Not enough geological information exists at this point to define true width. However, vein- hosted copper and molybdenum mineralization commonly occurs 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.
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.
October 7, 2024 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the delineation of a donut-shaped chargeability high feature (15-35 mV/V) from an induced polarization (IP) survey completed at the Swan zone. The Swan Zone is a gold (Au) – copper (Cu) – silver (Ag) porphyry target within Trailbreaker’s Atsutla Gold Project, northwestern British Columbia (BC). The IP chargeability high is coincident with a 900 m by 700 m Au-Ag ± Cu – molybdenum (Mo) soil and rock (grab samples assaying up to 11.7 g/t Au, 95 g/t Ag, and 0.81% Cu) geochemical anomaly within a zone of advanced argillic (clay mineral) alteration of a granodiorite stock.
In combination with a historic IP survey to the northwest, the 2024 IP survey defines a donut-shaped chargeability high feature, with external dimensions of approximately 2.1 km by 1.4 km (Figure 1). The thickness of the chargeability high is approximately 200 m to 500 m. The chargeability signature is strongest near-surface and extends to at least 300 m of depth. The southern portion of the chargeability high feature is correlated with a wider (~700 m) zone of low resistivity (<800 ohm-m) (Figure 2). The high chargeability anomaly may represent distribution of disseminated pyrite, and the low resistivity feature may be caused by alteration minerals, including sericite, pyrophyllite and clay minerals, identified during geological mapping. The combination of these features commonly occurs in the phyllic alteration assemblage surrounding porphyry deposits1.
Message from the President
“The IP survey at the Swan zone provides another layer of data which indicates we may be exploring the upper parts of an Au-Cu-Ag porphyry system. This is in conjunction with results from geological mapping and identification of a multi-element geochemical anomaly which occurs on a gossanous hill. 2024 has been a pivotal year for advancing the Swan zone, as we’ve also received an exploration permit that will allow us to further test this zone, including by diamond drilling.” – Daithi Mac Gearailt
Induced Polarization Survey Parameters
Trailbreaker contracted Aurora Geosciences Ltd. (Aurora) to complete an induced polarization survey on the Swan Au-Cu-Ag target at the Atsutla Gold project. The IP survey was designed to extend a historic (1976) IP survey that defined a semi-circular chargeability high feature (Figure 1). The survey also covers the Swan multi-element geochemical anomaly that was defined by Trailbreaker between 2021 and 2024.
A total of 21 line-kilometers were surveyed across seven 200-metre spaced IP lines, each 3 km in length, covering an area of 3.75 km2. The survey used an inline pole-dipole (2D survey) array with a 100-metre dipole spacing. The estimated depth of investigation of the survey is 300 m below surface.
Equipment used by Aurora for the IP survey included IRIS Instruments’ FullWaver System of 21 dual-channel voltage receivers (V-FullWaver) and two current receivers (I-FullWaver), as well as a GDD TX IV 5 kW IP transmitter powered by a 7 kW mobile generator. Stainless steel electrodes were used to provide ground contact, occasionally with the use of salt water to improve contact resistance in talus material.
Once collected, IP data underwent quality assurance and quality control (QA/QC) validation and data processing. Campbell & Walker Geophysics reviewed the validated data, completed inversions as 2D sections and interpolated the data to produce a pseudo 3D model, including a 3D voxel model, as well as iso-surfaces and depth slice maps.
Figure 1: Coincident geophysical, geochemical, and geological features on the Swan target. Data displayed includes: the 100 m depth slice of the interpolated chargeability data from the 2024 IP survey; the outline of the historic chargeability high shown to the northwest; interpretation of alteration zonation from 2022 geological mapping; Au and Ag-in-soil values from 2021-2023 (transparent) and 2024 (opaque). The chargeability high likely represents additional extensions of the phyllic alteration zone beyond the outcrop exposures mapped in 2022. The strong Au-in-soil anomaly is coincident with the advanced argillic alteration and an east-west break in chargeability which aligns with the secondary Au-in-soil anomaly to the east.
Figure 2: Data displayed includes: a 100 m depth slice of the interpolated resistivity data from the 2024 IP survey; Cu and Mo-in-soil values from 2021-2023 (transparent) and 2024 (opaque); the outline (black lines) of the historical and 2024 chargeability anomalies (>15 mV/V) and interpretation of alteration zonation from 2022 geological mapping. The resistivity low (red and pink) coincides with the southern portion of the chargeability high and the mapped phyllic alteration zone. Anomalous Mo-in-soil values extend beyond the Au-Ag-Cu soil geochemical anomaly.
Soil Sampling and Prospecting
A total of 1,165 soil and 28 rock samples were collected on the eastern side of the Atsutla Gold project concurrently with the completion of the IP survey. Soil sampling was completed on a north-south grid extension of previous Swan soil surveying, as well as along ridge and spurs of nearby mountains within the Upper Cretaceous Glundebery batholith.
Sampling extended the Swan multi-element soil anomaly 400 m to the west. In addition, sampling has improved definition of an Au-Ag ± Cu-in-soil anomaly ~1 km east of the Swan zone, and a pathfinder element anomaly, including arsenic (As) -bismuth (Bi) ± Mo ± Au ± Ag ± Cu, ~2 km across a valley to the west. These anomalies, including the Swan zone, define an east-west corridor of prospective geology across 4.5 km.
Prospecting on the southwestern side of the chargeability-resistivity anomaly focussed on an area of rock float containing quartz-veins with disseminated to blebby molybdenite ± chalcopyrite ± arsenopyrite (Figure 2&3). These samples may have originated from a porphyry hydrothermal system.
Figure 3: (a) Float sample (5233605) containing molybdenite along a fracture surface, assaying 326 ppm Mo; (b) Float sample (5233609) containing molybdenite in quartz veining (>2000 ppm Mo); (c) Float sample (5233611) containing arsenopyrite + molybdenite in a quartz vein (6.3 g/t Au, 1,273 ppm Mo, and 0.14% Pb). For scale reference, assay tags are all 9 cm tall.
Examples of Porphyry-Related Geophysical Responses
This section is intended to present case studies of chargeability and resistivity features from known porphyry deposits. Geophysical characteristics are important components of exploration, but they are not necessarily indicative of economic mineralization alone, and require additional exploration (such as drilling) to define the source of geophysical anomalies. All of the examples presented below are from public sources on deposits and properties that are not affiliated with Trailbreaker. Trailbreaker did not collect the data, prepare these figures, nor validate the data presented within. The reader is also cautioned that although these examples are from mineral deposits, there is no guarantee that similar geophysical features on Trailbreaker’s property will represent a mineral resource in compliance with standards under National Instrument 43-101.
Figure 4, left image, provides an idealized cross-section of porphyry alteration and sulphide mineral zonation from Lowell and Guilbert’s 1970 model2. On the right is a depth slice of the moderate IP chargeability response surrounding the Poison Mountain copper porphyry, central BC2.
Figure 4: (a) Lowell and Guilbert’s 1970 model showing idealized porphyry alteration and mineral zonation; (b) IP chargeability response of the Poison Mountain copper porphyry, BC.2
Figure 5 displays the high chargeability and low resistivity features that encircle the primary zones of Sknown mineralization at American Eagle’s NAK porphyry project near Smithers, BC3. Coincident magnetic and ZTEM resistivity highs are indicative of the potassic alteration zone3.
Figure 5: (a) 50 m depth slice of IP chargeability and (b) 200 m depth slice of resistivity at the NAK copper-gold porphyry project near Smithers, BC3.
Figure 6 displays the cross-sectional distribution of pyrite and chalcopyrite (a and b) and how these compare to the donut-shaped chargeability high (c) at the Batu Hijau porphyry copper system in Indonesia4. The chargeability best reflects the distribution of the pyrite content, with the central high feature coincident with the chalcopyrite-rich core.
Figure 6: (a) chalcopyrite and (b) pyrite distribution along an east-west cross-section through the Batu Hijau copper porphyry deposit in Indonesia4; (c) Plan view map of the gradient array chargeability; (d) Chargeability section of a dipole-dipole IP survey across the deposit with drillhole sulfur results.
Figure 7 presents the alteration zonation, magnetic response, resistivity, and chargeability features surrounding the Elang copper porphyry deposit in Indonesia1. There is a strong correlation between the high chargeability and low resistivity features where associated with the pyrophyllite-dickite-kao-alunite and sericite-illite-kaolinite alteration assemblages.
Figure 7: (a) plan view alteration; (b) reduced-to-pole (RTP) magnetic response; (c) 200 m depth slice of resistivity; (d) 200 m depth slice of chargeability at the Elang copper porphyry deposit in Indonesia1. The black polygons show the surface projection of interpreted magnetic bodies.
About the Swan Target
The Swan target is located on the eastern side of the Atsutla Gold project in northwestern BC. The Swan is a potential Au-Ag-Cu porphyry system, defined by a 900 m by 700 m Au-Ag-Cu-As – antimony (Sb) –Mo – lead (Pb) soil geochemical anomaly along a gossanous ridge. The host setting is a granodiorite porphyry intrusion with zoned advanced 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, associated with sulphide-rich veins. A near in-situ (“subcrop”) rock sample returned values of 11.7 g/t Au, 95 g/t Ag, and 0.81% Cu. The surface geochemical anomalies are associated with mapped advanced argillic alteration, which may represent the upper portion of a porphyry system.
IP surveying around the Swan target defined a donut-shaped chargeability high feature. The southern portion of this chargeability high is coincident with a resistivity low feature. The combined chargeability high and resistivity low features are interpreted to potentially represent the outer phyllic alteration zone of a porphyry system.
About the Atsulta 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 along 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. Rock samples grading up to 11.5 g/t Au and 16.8 g/t Ag are coincident with a 2.1 km x 1.4 km donut-shaped chargeability high feature.
Highlands Zone – A 750 m by 600 m area in the western Atsutla Gold project 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.
References 1) Hoschke, T., 2015. Pathways to Porphyries: Mapping Alteration and Related Mineralisation: Australian Society of Exploration Geophysicists (ASEG) Conference, Melbourne, Australia. https://www.youtube.com/watch?v=U4rWVjgbyrs
2) Seraphim, R.H. and Rainboth, W. 1976. Poison Mountain, in Brown, S.A., Ed., porphyry deposits in the Canadian Cordillera: Canadian Journal of Earth Sciences 15, pp. 323-328.
3) https://americaneaglegold.ca/projects/nak-property-1/
4) Arif, J. 2002. Gold distribution at the Batu Hijau porphyry copper gold deposit, Sumbawa Island, Indonesia: M.Sc. Thesis, Queensland, Australia, James Cook University.
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.
