September 8, 2022 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the completion of the 2022 exploration program at its 100%-owned Atsutla Gold project, located in northwestern British Columbia (BC).
The program included detailed structural geological mapping at the four high-grade gold zones discovered and defined in 2021 with a focus on drill target generation, as well as continued first pass prospecting and soil sampling on newly staked claims.
A total of 330 soil samples and 220 rock grab samples were collected. All assays are currently pending. Prospecting efforts have led to the discovery of several new mineralized zones approximately 3.5 km northeast of the Highlands zone as well as 1.5 km northeast of the Christmas Creek zone. The mineralization is consistent with the high-grade gold veins at both the Highlands and Christmas Creek zones, primarily consisting of quartz-arsenopyrite-galena-pyrite veining and quartz-chalcopyrite-bornite veining. Additional arsenopyrite-rich mineralized outcrops were found at the Swan zone, and widespread quartz-arsenopyrite veining spanning 750m was discovered along a ridge 2 km west of the Swan zone.
Photos 1 and 2: New quartz-bornite-chalcopyrite mineralization 3.5 km NE of the Highlands zone (left) and quartz-pyrite-arsenopyrite breccia 1.5 km NE of the Christmas Creek zone (right).
Daithi Mac Gearailt, CEO of Trailbreaker, commented, “The continuing discoveries of mineralized zones at surface over multi-kilometric areas of scale is a true testament of how under-explored this region of British Columbia remains. Furthermore, I am confident the detailed geological mapping efforts completed at the main gold zones will help generate high quality drill targets, de-risking the inaugural drill program.”
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.
Exploration in 2021 included the discovery of widespread high-grade gold at the Highlands zone, with grab samples assaying up to 630 g/t (18.38 oz/ton) gold and 1,894 g/t (55.25 oz/ton) silver from separate samples(see September 13th, 2021 news release). The program also included the identification of four gold zones: the Highlands, Christmas Creek, Willie Jack, and Swan zones (see November 1st, 2021 news release) which span a distance of 28 kilometres. 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.
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 date hereof or to reflect the occurrence of unanticipated events.
September 6, 2022 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the completion and results of its Phase 1 exploration program at the Eagle Lake property in south-central BC (British Columbia).
The program included prospecting, geological reconnaissance mapping, and a 432-sample Mobile Metal Ion (MMI) soil geochemical survey covering a 3 x 3.5-kilometre area.
The MMI survey was designed to cover historic drill showings which include a drill intercept of 3.52 g/t Au over 9.9 metres (2011 drill hole MOF-5). The survey identified an 850 x 700 metre Au-Cu-Ag-Mo (gold-copper-silver-molybdenum) anomaly which occurs over MOF-5 and extends east and north into an area where there is no documented historic drilling (see MMI soil anomaly map).
During the 2022 program, the exploration team 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 253 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.
To further investigate the surficial expression of the auriferous fault zone observed in drill core at depth, a large-scale induced polarization (IP) survey is recommended for the area of the 2022 MMI soil survey, as well as further MMI soil sampling to the east and north. Permits to conduct the geophysical survey as well as drilling at Eagle Lake have been applied for.
Daithi Mac Gearailt, CEO of Trailbreaker, commented: “Before Trailbreaker generated this target and consolidated the land package, these historic drill intersections had yet to be followed-up. We have now confirmed an extensive multi-element soil anomaly over the location of the highest-grade intercepts from previous drilling. Very little historic exploration has been done in this area, and given that the Woodjam copper-gold project lies just to the northwest, we see a lot of potential for growth here.”
Above: Multi-element MMI soil anomaly identified at Eagle Lake.
About the Eagle Lake property
Located 55 km east of Williams Lake, BC, the Eagle Lake property was recently generated by Trailbreaker through an agreement with Teck Resources Limited combined with additional claim staking (see May 18, 2022 news release). The property covers 18,990 hectares that are accessible by an extensive network of well-maintained forest service roads. It is situated directly adjacent to Consolidated Woodjam Copper Corp.’s Woodjam Cu-Au (copper-gold) porphyry project which hosts an inferred resource of 1.7 billion lbs copper and 968,100 oz gold (see Geology Map, Location Map, and Overview Map).
Trailbreaker’s claims are situated within the Quesnel terrane which is host to several of BC’s large-tonnage copper-gold porphyry deposits. These include: New Gold’s Afton mine, Imperial Metals’ Mount Polley mine, Taseko’s 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.
Results of limited historic exploration at the Eagle Lake property include a drill intercept of 3.52 g/t Au over 9.9 metres as well as numerous low-grade copper intercepts. A regional-scale till sampling program executed in 2019 demonstrated that anomalous gold-in-till values were returned from the southern portion of the Eagle Lake property hosting this drill hole.
Trailbreaker’s 2022 MMI soil survey was designed to cover the area of this drill hole and beyond, to potentially identify anomalous gold- and copper-in-soil trends that may have been overlooked in the past. Unlike conventional soil geochemical surveys, MMI analysis measures metal ions that travel upward from the bedrock and accumulate in the surface soil. This method is designed to potentially detect deeply buried mineralization and provide more focused targets for potential future drill programs.
Message from the President
“While the results of the 2022 program are very exciting, we still have an enormous amount of relatively un-explored ground to cover. The team and myself will be carefully planning the next steps at Eagle Lake in the coming months.”
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 date hereof or to reflect the occurrence of unanticipated events.
July 19, 2022 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that acquisition of the Eagle Lake property has now been approved by the TSX Venture Exchange.
In May, 2022 Trailbreaker announced the acquisition of their 100%-owned Eagle Lake property in south-central BC, Subject to approval (see May 18th, 2022 news release).
The Eagle Lake property covers 18,990 hectares of prospective ground directly adjacent to Consolidated Woodjam Copper Corp.’s Woodjam copper-gold porphyry project.
In addition to staking, acquisition of the property involved the sale of claims held by Teck Resources Limited (“Teck”) to Trailbreaker. The sale was subject to the following terms:
Trailbreaker shall issue 125,000 common shares within 7 business days of receipt of TSX Venture Exchange approval. Concurrent with the share issuance, Teck will transfer the title of the Property to Trailbreaker
Teck shall retain a 1% NSR on the Property.
Daithi Mac Gearailt, CEO of Trailbreaker, commented, “Trailbreaker has managed to put together an amazing portfolio of 100% owned projects with huge potential. Our projects range from brand-new high-grade gold discoveries to copper porphyry prospects, many with excellent infrastructure and proximity to existing mines. All properties are located in mining-friendly British Columbia and the Yukon.”
Qualified Person
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 date hereof or to reflect the occurrence of unanticipated events.
July 6, 2022 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that an exploration team has been mobilized to its flagship Atsutla Gold project, located in northwestern British Columbia (BC).
Details of the upcoming program
Follow-up on the multiple new high-grade gold showings discovered in 2021
Follow-up on targets identified from the airborne magnetic survey completed in fall of 2021
Geological mapping, including detailed structural investigation
Reconnaissance prospecting and soil sampling on newly staked claims
Drill target generation
Daithi Mac Gearailt, CEO of Trailbreaker, commented, “Since the day the team left the claims in the fall of last year, we have been eager to get back out to the Atsutla project. We have a significant amount of ground to cover and I am confident we’ll be adding a new chapter to the Atsutla story this year.”
A district-scale discovery in an underexplored area of BC
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.
Exploration in 2021 included the discovery of widespread high-grade gold at the Highlands zone, with grab samples assaying up to 630 g/t (18.38 oz/ton) gold and 1,894 g/t (55.25 oz/ton) silver (see September 13th, 2021 news release). The program also included the identification of four gold zones: the Highlands, Christmas Creek, Willie Jack, and Swan zones (see November 1st, 2021 news release). 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.
In addition to following-up on the discoveries of 2021, the team will be exploring new ground staked after last year’s program. With the help of experienced structural mappers, the exploration team will be particularly focussed on planning and determining drill hole locations for a potential future diamond drilling program.
Qualified Person
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 date hereof or to reflect the occurrence of unanticipated events.
June 8, 2022 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the completion of its Phase 1 exploration program at their Eakin Creek property in south-central British Columbia (BC). The program was designed to evaluate the known gold showings and to help in de-risking potential future drill programs. Phase 1 consisted of an induced polarization (IP) and resistivity survey, a mobile metal ion (MMI) soil geochemical survey, prospecting and geological reconnaissance.
Details of the Phase 1 program (Results pending)
11 line-kilometers of deep-penetrating IP and resistivity surveying
90 prospecting grab samples
301 soil samples undergoing MMI analysis, covering a 1.8 x 1.4-kilometre area
About Eakin Creek
The Eakin Creek property lies in an underexplored portion of the Quesnel tectonic terrane that hosts many of BC’s producing copper and gold mines, such as the New Afton, Ajax, Mt Polley, Highland Valley, and Copper Mountain mines. The Eakin Creek property was acquired in March, 2022 and is 100% owned by Trailbreaker with no underlying royalties or payments. It 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 property covers 1,610 hectares (ha) of prospective ground within the watershed of placer gold-bearing Eakin Creek.
Trailbreaker’s exploration approach
The Eakin Creek claims are host to some of BC’s highest gold grain-count values from government-collected till samples, and includes indicators for potential porphyry-style copper-gold (Cu-Au) mineralization. Historic grab samples from float rock sampling have assayed as high as 2.60 oz/ton (89 g/t) gold (Au). While there is very limited outcrop on the property, historic sampling on a highway-exposed outcrop has returned a 3.0-metre chip sample interval grading 3.15 g/t Au, within a 14.0-metre interval grading 0.9 g/t Au.
To aid in locating the source of these till and float rock samples, Trailbreaker has decided to employ MMI (mobile metal ion) technology. Unlike conventional soil geochemical surveys, MMI analysis measures metal ions that travel upward from the bedrock and accumulate in the surface soil, allowing this method to detect deeply buried mineralization and to provide more focused anomalies.
To compliment the surface geochemical program, Trailbreaker has also conducted an induced polarization (IP) and resistivity survey. IP surveys are adept at locating chargeability anomalies that may represent zones of disseminated sulphides, which may be associated with gold mineralization. Phase 1 prospecting was successful in locating multiple historic sampling sites and will aid in confirming values obtained by historic sampling. Prospecting near the limited outcrop exposures on the property confirmed the presence of sheeted pyrite-bearing quartz veins within an altered diorite unit.
Trailbreaker intends to use the results of these surveys to further define drill targets in an area largely covered by glacial till.
For more details and maps on Eakin Creek see the dedicated section on Trailbreaker’s website.
Message from the President
“I am very pleased with the progress the exploration team has made in two short weeks at the Eakin Creek property. This work will be essential to determine targets for potential follow-up drilling at Eakin Creek. Stay tuned for further updates as we await assay results and the compilation of the geophysical data.”
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 date hereof or to reflect the occur
May 31, 2022 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) announces that subject to all regulatory approvals, the Company has granted 785,000 incentive stock options to directors, officers, and certain consultants of the Company. All Options issued pursuant to this grant shall vest immediately, have a term of 5 years and are exercisable at $0.24.
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.
