Trailbreaker Resources Identifies 850 x 700 Metre

VANCOUVER, British Columbia, Sept. 06, 2022 (GLOBE NEWSWIRE) — Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is happy to announce the completion and outcomes of its Phase 1 exploration program on 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 masking a 3 x 3.5-kilometre space.

The MMI survey was designed to cowl historic drill showings which embrace a drill intercept of three.52 g/t Au over 9.9 metres (2011 drill gap MOF-5). The survey recognized an 850 x 700 metre Au-Cu-Ag-Mo (gold-copper-silver-molybdenum) anomaly which happens over MOF-5 and extends east and north into an space the place there isn’t a documented historic drilling (see MMI soil anomaly map).

During the 2022 program, the exploration staff situated the historic drill core from the 2011 drill marketing campaign and was in a position to look at and re-log the gold- and copper-bearing mineralized intercepts. Significant quantities of hydrothermal breccia, quartz-carbonate-potassium feldspar veining, and fault gouge had been noticed inside the gold-bearing interval of MOF-5 which commences at 253 metres depth. Trailbreaker geologists have decided that these options are consultant of a regional-scale fault construction 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 happens alongside this contact.

To additional examine the surficial expression of the auriferous fault zone noticed in drill core at depth, a large-scale induced polarization (IP) survey is advisable for the world of the 2022 MMI soil survey, in addition to additional MMI soil sampling to the east and north. Permits to conduct the geophysical survey in addition to drilling at Eagle Lake have been utilized 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 recognized at Eagle Lake.

About the Eagle Lake property

Located 55 km east of Williams Lake, BC, the Eagle Lake property was just lately generated by Trailbreaker by an settlement with Teck Resources Limited mixed with further declare staking (see May 18, 2022 information launch). The property covers 18,990 hectares which can be accessible by an intensive community of well-maintained forest service roads. It is located straight adjoining to Consolidated Woodjam Copper Corp.’s Woodjam Cu-Au (copper-gold) porphyry challenge which hosts an inferred useful resource of 1.7 billion lbs copper and 968,100 oz gold (see Geology Map, Location Map, and Overview Map).

Trailbreaker’s claims are located inside the Quesnel terrane which is host to a number of of BC’s large-tonnage copper-gold porphyry deposits. These embrace: 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 additionally hosts quite a few advanced-stage gold tasks, such because the Spanish Mountain gold challenge (measured and indicated useful resource of >4.5 M oz Au) situated 45 km north of Eagle Lake, and Karus Gold’s FG gold challenge, situated 35 km to the east.

Results of restricted historic exploration on the Eagle Lake property embrace a drill intercept of three.52 g/t Au over 9.9 metres in addition to quite a few low-grade copper intercepts. A regional-scale until sampling program executed in 2019 demonstrated that anomalous gold-in-till values had been returned from the southern portion of the Eagle Lake property internet hosting this drill gap.

Trailbreaker’s 2022 MMI soil survey was designed to cowl the world of this drill gap and past, to doubtlessly determine anomalous gold- and copper-in-soil traits that will have been missed previously. Unlike typical soil geochemical surveys, MMI evaluation measures steel ions that journey upward from the bedrock and accumulate within the floor soil. This methodology is designed to doubtlessly detect deeply buried mineralization and supply extra centered targets for potential future drill applications.

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 professional particular person as outlined by National Instrument 43-101 for Trailbreaker’s BC and Yukon exploration tasks, and has reviewed and accepted the technical data on this launch.

For new details about the Company’s tasks, please go to Trailbreaker’s web site at TrailbreakerResources.com and signal as much as obtain information. For additional data, comply with Trailbreaker’s tweets at Twitter.com/TrailbreakerLtd, use the ‘Contact’ part of our web site, or contact us at (604) 681-1820 or at [email protected].

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Forward-Looking Statements

Statements contained on this information launch that aren’t historic info are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) inside the that means of relevant Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information contains, however is just not restricted to, disclosure concerning potential occasions, situations or monetary efficiency that’s primarily based on assumptions about future financial situations and programs of motion; expectations concerning future exploration and drilling applications and receipt of associated allowing. In sure instances, Forward-Looking Information may be recognized by means of phrases and phrases resembling “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “would”, “occur” or “be achieved”. Although Trailbreaker has tried to determine necessary components that would have an effect on Trailbreaker and will trigger precise actions, occasions or outcomes to vary materially from these described in Forward-Looking Information, there could also be different components that trigger actions, occasions or outcomes to not be as anticipated, estimated or supposed. In making the forward-looking statements on this information launch, if any, Trailbreaker has utilized a number of materials assumptions, together with the idea that basic business and financial situations won’t change in a materially antagonistic method. There may be no assurance that Forward-Looking Information will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on Forward-Looking Information. Except as required by legislation, Trailbreaker doesn’t assume any obligation to launch publicly any revisions to Forward-Looking Information contained on this information launch to replicate occasions or circumstances after the date hereof or to replicate the prevalence of unanticipated occasions.