May 29, 2023 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that it has acquired the 2,568 hectare Golden Sable property in south-central British Columbia (BC).
The Golden Sable property is located 175 km northeast of Kamloops, BC and 20 km south of Bridge Lake, BC. It is easily accessible via Highway 24 and the Bonaparte forest service road. The property was acquired through an option agreement with Cordilleran Properties and further expanded by Trailbreaker via additional staking.
The Golden Sable property is an intrusion-related gold target. The claims lie within the Quesnel tectonic terrane that hosts many of British Columbia’s active and past-producing gold mines. Middle to Upper Triassic volcanics and sedimentary rocks of the Nicola Group underlie the claim blocks. The property straddles the margins of a large early Jurassic hornblende-biotite granodiorite pluton with prevalent younger mafic and andesite dikes.
Historic exploration by Amarc Resources from 2006 to 2013 outlined a 3-kilometre-long gold-in-soil anomaly that remains open to southeast.
An inaugural, 1,339-metre drill program conducted by Sable Resources during 2018 encountered gold mineralization in 5 of 7 blind drill holes testing the soil anomaly. Results include an intersection of 0.83 g/t gold over 24m including 2.4 g/t gold over 4m. Gold mineralization was found to be associated with mafic and intermediate dike swarms trending northwest – southeast along the granitic contacts (see Figure 1 below).
No follow-up drilling has been conducted to date and the majority of the 3-kilometre-long gold-in-soil anomaly remains untested. The recent construction of both wildfire and logging road networks since the 2018 drilling has exposed a significant amount of bedrock.
Trailbreaker is currently planning a 2023 Phase 1 surficial exploration program. The program will include channel sampling on the newly exposed outcrops, geological mapping, prospecting, and soil sampling to expand the soil anomaly to the southeast.
Figure 1: Location and highlights of the Golden Sable property.
Message from the President
“We are very excited to add the Golden Sable property to Trailbreaker’s portfolio. This is an excellent greenfields gold target with great potential for expansion. In addition to confirming historic results and first pass exploration, the team will focus on planning a Phase 2 drill program while they are on site.”
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
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 23, 2023 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that it has mobilized for the maiden diamond drill program at its 100%-owned Eakin Creek gold property in south-central British Columbia (BC).
Drilling is planned to commence on May 24th, 2023 and will consist of up to 2000 metres of diamond drilling. The program has been designed to test coincident induced polarization (IP) and geochemical anomalies outlined during the 2022 exploration program (see September 14, 2022 news release), as well as the numerous surficial gold showings found within these anomalies.
Daithi Mac Gearailt, CEO of Trailbreaker, commented: “This is an exciting program, not just for Trailbreaker shareholders, but for the area in general. This is a highly underexplored part of British Columbia that has great geology and serious potential for a new big discovery. I know our neighbours are watching us closely and wishing us luck in the drill bit.”
The Eakin Creek property is located 100 kilometres north of Kamloops, BC and can be accessed via Highway #24 and by well-maintained forest service roads (see Location map). The claims cover 1,610 hectares of prospective ground that drains into placer gold-bearing Eakin Creek.
The target was initially acquired due to: the historic ‘G Occurrence’ found on the highway in one of the few exposed outcroppings on the property, a field of gold-bearing boulder samples (inferred to be local), and a grouping of some of the highest gold-in-till values from regional till sampling in BC.
During 2022, Trailbreaker performed a 10.75 line-kilometre IP survey, a 302-sample Mobile Metal Ion (MMI) soil survey, and prospecting. A 1,000 x 600-metre area was defined as having an Au-Ag-Cu-Sb (gold-silver-copper-antimony) soil anomaly coincident with an IP geophysical anomaly. Also, widespread gold mineralization in bedrock and float samples was identified. The 2023 drill program has been designed to thoroughly test this area.
For more details and maps on Eakin Creek see the dedicated section on Trailbreaker’s website.
Message from the President
“This isn’t the first maiden drill program the Trailbreaker team has conducted, nor will it be the last. The Eakin Creek story exemplifies our model as a project generator and developer. We have done our due diligence to de-risk the project and show the area has real potential to host a sizable gold deposit. We also have a pile of other exciting developments in the works, so stay tuned. It’s going to be a very busy year for Trailbreaker!”
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
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 15, 2023 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the filing of an independent technical report in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) on its 100%-owned Atsutla Gold project, located in northwestern British Columbia (BC).
The technical report, titled “NI 43-101 Technical Report, Atsutla Gold Project, NW British Columbia”, was prepared by Terrane Geoscience of Fredericton, NB and has an effective date of December 15th, 2022. The report is available on SEDAR (www.sedar.com) under Trailbreaker’s issuer profile.
While no drilling has been conducted on the property, the report details the surficial exploration work Trailbreaker has completed to date. Terrane Geoscience also took verification samples from numerous sites which confirmed the general grade and metal assemblage described to date.
The report also includes recommendations for future work, which echo the recommendations of the structural report described in Trailbreaker’s Apr. 3rd, 2023 news release. Recommended work totals an expenditure of $3.8 million.
About the Atsutla Gold Project
Trailbreaker’s 100%-owned Atsutla Gold project is located 70 km south of the Yukon-British Columbia border and 130 km northwest of the community of Dease Lake, BC. The project covers 40,057 hectares of ground with very limited historic exploration. The project represents a district-scale discovery in an under-explored area of British Columbia.
To date, Trailbreaker has identified five gold zones at Atsutla: The Highlands, Christmas Creek, Snook, Willie Jack, and Swan zones, which span a distance of 28 kilometres. The highest grades occur at the Highlands zone, where grab samples have returned values up to 630 g/t (18.38 oz/ton) gold and 1,894 g/t (55.25 oz/ton) silver. High-grade, vein- and wallrock-hosted copper mineralization has also been discovered in the Highlands, Christmas Creek, and Willie Jack zones, with grab sample assays up to 1.7% copper. For more information and detailed maps, see the Atsutla Gold Project section on Trailbreaker’s website.
Message from the President
“This is another milestone in the process of advancing the Atsutla Gold project. As with the structural study, Terrance Geoscience did a fantastic job and we are all excited to see the Atsutla Gold project move up the ladder to a drill-ready stage. We still have some work to do to de-risk the maiden drill program and fund a future discovery. The 43-101 report provides a clear blueprint on how to proceed and we are all working hard to move the project to the next level.”
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
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 4, 2023 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that the Company has approval from the TSX Venture Exchange (the “Exchange”) to close its non-brokered private placement of units (the “Private Placement”) for aggregate gross proceeds of $715,000.
The Company will now issue 6,500,000 units (“Units”) at a price of $0.11 per Unit, for gross proceeds of $715,000, each Unit consisting of one (1) common share and one (1) common share purchase warrant, each warrant being exercisable for an additional common share of the Company at a price of $0.15 for 36 months following the date of issuance.
All securities issued pursuant to the Financing are subject to a 4-month hold.
The proceeds of the Private Placement will be used to advance the Company’s various exploration projects, and for working capital purposes.
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
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.
May 1, 2023 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) today announces that the Company has filed for approval from the TSX Venture Exchange (the “Exchange”) to close its non-brokered private placement of units (the “Private Placement”) for aggregate gross proceeds of $715,000.
On approval the Company will issue 6,500,000 units (“Units”) at a price of $0.11 per Unit, for gross proceeds of $715,000, each Unit consisting of one (1) common share and one (1) common share purchase warrant, each warrant being exercisable for an additional common share of the Company at a price of $0.15 for 36 months following the date of issuance.
All securities issued pursuant to the Private Placement are subject to a 4-month hold.
The proceeds of the Private Placement will be used to advance the Company’s various exploration projects, and for working capital purposes.
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
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.
April 3, 2023 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that it has received a geological study from Terrane Geoscience Inc. (“Terrane”) with recommended drill holes for Trailbreaker’s 100%-owned Atsutla Gold project, located in northwestern British Columbia (BC).
While discussing potential deposit models for the project, the report summarized that there is good evidence of a porphyry-epithermal system, as well as possible orogenic-type mineralization. It was also determined that many features of the Swan zone suggest it represents the shallow, lithocap levels of a porphyry copper system.
Daithi Mac Gearailt, CEO of Trailbreaker, commented, “We are very excited to have this study in hand. The Terrane team did an excellent job defining the structure and mineralization at Atsutla. It’s a big project, and they were able to confirm many of our suspicions about the nature of mineralization.”
The report is the culmination of 2 weeks of targeted geological mapping during the 2022 exploration season. Mappers investigated structure, alteration, and mineralization at the Highlands, Christmas Creek, Willie Jack, and Swan zones. Twenty-six samples were sent for thin section analysis. Products include recommendations for future work on the property.
Of particular interest to Trailbreaker was the alteration mapping conduced at the Swan zone (see Figure 1). It was found that all rock units in the Swan area, except for mafic dikes, are variably altered. Rocks display a strong hydrothermal overprint, which was interpreted to be concentrically zoned. Alteration is weakest at the periphery of the mapping area and intensifies towards the main mineralized zone, grading from phyllic to advanced argillic.
The report discussed possible deposit models for the Atsutla Gold project (Généreux, 2023):
“Results of mapping of the Atsutla West and Swan Zone showed good evidence of a porphyry-epithermal system on the Atsutla Gold Project, as well as possible orogenic-type mineralization. Many features of the Swan Zone suggest it represents the shallow, lithocap levels of a porphyry copper system”.
It was noted that the vein-hosted mineralization in the Atsutla project is reminiscent of epithermal deposits which are often found near porphyry copper systems, and that the similar orientations of the veins in Atsutla West (a term for the combined Highlands, Christmas Creek, and Snook zones) and fracture sets in the Swan zone area suggest that the mineralization may be of a similar age. “However,” the report states, “given the ~26 km distance separating Atsutla West and the Swan zone, it is unlikely that the latter was the source of metals for the Atsutla West epithermal system, which suggests there may be further potential for porphyry- and epithermal-style mineralization between the two areas.”
At the Willie Jack zone, which is located within older metasedimentary rocks on the margin of the Christmas Creek batholith, it was noted that the auriferous quartz veins may be part of the same epithermal system as the Highlands and Christmas Creek zones, however, numerous features suggest that the gold mineralization is more consistent with orogenic-type mineralization.
Recommendations for future work at Atsutla include:
Conduct a property-wide LiDAR survey to increase confidence in fault interpretation and identify prospective regional faults outside the known mineralized zones.
Complete a property-wide structural interpretation and map compilation of LiDAR and magnetic data in conjunction with existing mapping
Drill 1-2 steep holes just north of the Highlands zone to test for the presence of stacked veins and ascertain the true width of the mineralized zones, as well as test for continuity between zones at Atsutla West.
Complete an IP survey at the Swan zone and alteration-based logging of historical drill holes to assess the extent of the main alteration zone.
Follow-up drilling at the Swan zone based on results of the IP survey.
2-3 drill holes to delineate the lateral extents of the phyllic and advanced argillic alteration zones to the north and west
1-2 drill holes to define the extent of the alteration zoning in 3D and test the potential for the copper-rich portion of the porphyry system at depth.
Figure 1: Detailed geological map of the Swan mineralized zone.
Terrane Geoscience has also completed a 43-101 compliant technical report at the Atsutla Gold project. This report is currently being signed and processed and the company will issue a news release upon its release.
As discussed above, twenty-six samples were sent to Vancouver Petrographics for thin section analysis. While this initial analysis has been completed, additional study by Terrane to put them into the context of the structural study is pending. It is anticipated this will add to the understanding of the alteration and nature of mineralization.
About the Atsutla Gold Project
Trailbreaker’s 100%-owned Atsutla Gold project is located 70 km south of the Yukon-British Columbia border and 130 km northwest of the community of Dease Lake, BC. The project covers 40,057 hectares of ground with very limited historic exploration. The project represents a district-scale discovery in an under-explored area of British Columbia.
To date, Trailbreaker has identified five gold zones at Atsutla: The Highlands, Christmas Creek, Snook, Willie Jack, and Swan zones, which span a distance of 28 kilometres. The highest grades occur at the Highlands zone, where grab samples have returned values up to 630 g/t (18.38 oz/ton) gold and 1,894 g/t (55.25 oz/ton) silver. High-grade, vein- and wallrock-hosted copper mineralization has also been discovered in the Highlands, Christmas Creek, and Willie Jack zones, with grab sample assays up to 1.7% copper. For more information and detailed maps, see the Atsutla Gold Project section on Trailbreaker’s website.
Message from the President
“The Atsutla Gold project remains one of the few district-scale discoveries in the past decade. We now have deposit models and a stack of recommendations. The team is diligently planning the next steps. Stay tuned for the 43-101 report and other exciting developments for Trailbreaker Resources!”
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
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 Généreux, C.A., 2023. Report on 2022 Structural Mapping (Revised), Atsutla Gold Project, Northwest BC. For Trailbreaker Resources Ltd. Terrane Geoscience Inc. January 09, 2023. Unpublished.
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 occurr
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