June 12, 2023 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the signing of an option agreement with Vizsla Copper Corp. (“Vizsla Copper”) for a portion of Trailbreaker’s Eagle Lake property.
The Eagle Lake property borders Vizsla Copper’s Woodjam copper-gold porphyry project. The option deal includes four of the fourteen claims comprising Eagle Lake. The four claims account for 6,482 hectares (ha) of the 19,000 ha property (see Figure 1).
Daithi Mac Gearailt, CEO of Trailbreaker, commented: “We are very pleased to come to an arrangement with Vizsla Copper. This is a win-win deal: Vizsla gets to acquire and explore ground to expand their Woodjam project, while Trailbreaker retains the Moffat zone area where we have outlined a significant gold-copper zone.”
Vizsla Copper acquired the Woodjam project in late 2022 from Consolidated Woodjam Copper Corp. Shortly after the acquisition, Vizsla flew a large-scale airborne magnetic survey and has since been identifying targets for an extensive drill program.
Trailbreaker Resources acquired the Eagle Lake property in early 2022 due to its historic drill results (including the 2011 intercept of 3.52 g/t Au over 9.9m in DDH MOF-5), local geological setting, and position between the Woodjam deposit and Engold’s Lac La Hache deposits.
During the summer of 2022, Trailbreaker completed a 432-sample MMI (Mobile Metal Ion) soil survey designed to cover the historic drill showings (see September 6, 2022 news release). The survey identified an 850 x 700 metre Au-Cu-Ag-Mo (gold-copper-silver-molybdenum) anomaly which covers DDH MOF-5 and extends east and north into an area without documented historic drilling (see MMI soil anomaly map).
The exploration team also located the historic drill core from the 2011 drill campaign and was able to examine and re-log the gold- and copper-bearing mineralized intercepts. Significant amounts of hydrothermal breccia, quartz-carbonate-potassium feldspar veining and fault gouge were observed within the gold-bearing interval of MOF-5, which commences at 252 metres depth. Trailbreaker geologists have determined that these features are representative of a regional-scale fault structure that parallels the northwest-trending geological contact between the late Triassic Copper Mountain Plutonic Suite and the early Jurassic Takomkane Batholith. The MMI soil anomaly occurs along this contact.
Figure 1: Trailbreaker and Vizsla Copper claims with the optioned ground.
Terms of the option agreement
Vizsla Copper has the option to acquire a 100% interest in the four claims by issuing an aggregate of 400,000 common shares to Trailbreaker over three years.
The optioned claims are subject to a 2% NSR (Net Smelter Return royalty). Trailbreaker and Teck Resources Limited will retain a 1% NSR each on three of the claims and Trailbreaker will retain a 2% NSR on the fourth claim. Half of the 1% NSR may be bought from Trailbreaker for $500,000. Half of the 2% NSR may be bought from Trailbreaker for $1,000,000.
More about the Eagle Lake property
Located 55 km east of Williams Lake, BC, the Eagle Lake property was generated by Trailbreaker in early 2022 through an agreement with Teck Resources Limited, combined with additional claim staking (see May 18, 2022 news release). The property covers 19,000 hectares that are accessible by an extensive network of well-maintained forest service roads. It is situated directly adjacent to Vizsla Copper Corp.’s Woodjam Cu-Au (copper-gold) porphyry project (see Geology Map, Location Map, and Overview Map).
Trailbreaker’s claims are situated within the Quesnel terrane which hosts several of BC’s large-tonnage copper-gold porphyry deposits. These include: New Gold’s Afton mine, Imperial Metals’ Mount Polley mine, Taseko Mines’ Gibraltor mine, and Centerra Gold’s Mount Milligan and Kemess mines. The Quesnel terrane also hosts numerous advanced-stage gold projects, such as the Spanish Mountain gold project (measured and indicated resource of >4.5 M oz Au) located 45 km north of Eagle Lake, and Karus Gold’s FG gold project, located 35 km to the east.
Message from the President
“We are very excited to be working with Vizsla Copper while retaining the target that originally brought us to this area. On top of this, there is still a significant amount of unexplored ground in this extremely prospective locale. We have more exciting updates to come, so as always, stay tuned!”
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.
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 dat
May 30, 2023 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to provide an update on the Golden Sable property in south-central British Columbia (BC).
Located 175 kilometres north of Kamloops, BC, the Golden Sable property covers 2,568 hectares in two separate claim blocks. The claim blocks are 1.7 kilometres apart, with the ground in between held by a third party (see Figure 1).
The west block (GS West, 990 ha) of the Golden Sable property hosts a historic 3-kilometre-long gold-in-soil anomaly that remains open to the southeast (see May 29, 2023 news release) while the east block (GS East, 1,578 ha) displays similar geology and regional geochemistry as the west. One historic drill program was completed on GS West during 2018. The program consisted of 1,339 metres of drilling which included an intersection of 0.83 g/t gold over 24 metres.
Trailbreaker has acquired both parcels through an option deal with Cordilleran Properties as well as additional staking.
Trailbreaker may obtain 100% interest in the Golden Sable property by making payments of $205,000 to Cordilleran Properties as follows:
upon the Effective Date (May 25th, 2023) $15,000;
on or before the first anniversary of the Effective Date $30,000;
on or before the second anniversary of the Effective Date $60,000; and
on or before the third anniversary of the Effective Date $100,000.
Trailbreaker will grant Cordilleran Properties a 1% NSR which may be bought back for $500,000.
The Company is currently planning a 2023 Phase 1 surficial exploration program to thoroughly evaluate both claim blocks.
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
Figure 1: Trailbreaker’s Golden Sable project.
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 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.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
