November 1st, 2021 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the results from the Phase 2 exploration at its 100%-owned Atsutla Gold Project located in northern British Columbia. Assay results indicate widespread high-grade gold values across all previously defined zones as well as the expansion of known gold mineralization at the Highlands zone. Assay results from the Phase 2 program include:
HIGHLANDS ZONE:Gold values in excess of 100 g/t gold (Au) have been returned from a 750 m x 600 m area with values as high as 222.05 g/t (6.48 oz/ton) Au at the newly discovered visible gold showing and 165.4 g/t (4.82 oz/ton) Au with1,894 g/t (55.25 oz/ton) silver (Ag) from an area 430 meters to the south.
NEW – CHRISTMAS CREEK ZONE: High grade mineralization has been discovered 2.0 km east of the Highlands zone. A 30 cm-wide galena-rich quartz vein in bedrock returned assay values up to 102 g/t Au and 524 g/t Ag.
WILLIE JACK TREND: The source of the 1.2 km-long Willie Jack gold-in-soil trend has been confirmed. A series of metasediment-hosted quartz veins along the boundary of the Christmas Creek batholith have returned assay values up to 9.89 g/t Au from in-situ bedrock and proximal float. The veins have been traced for at least 700 meters.
SWAN ZONE: High-grade gold has been discovered at the Swan zone; a 900 m x 700 m Au-Ag-arsenic (As)-antimony (Sb)-copper (Cu)-molybdenum (Mo)-lead (Pb) soil anomaly, with soil samples assaying up to 406 ppb Au. Grab samples from bedrock, proximal float, and talus have returned grades up to 11.5 g/t Au in bedrock and 175 g/t Ag in float.
Daithi Mac Gearailt, CEO of Trailbreaker, commented: “We have now proved the existence of widespread, high-grade gold across all explored areas of the Atsutla Gold project. The spatial extent and high-grade nature of mineralization found at surface at the Highlands and Christmas zones has again exceeded our expectations. Confirming the bedrock source of the extensive gold-in-soil anomalies at the Willie Jack and Swan zones has moved this project into the drill planning stage. We are very excited for next season!”
With the addition of recent staking, the Atsutla Gold Project now covers 37,727 hectares and spans 36 kilometers. The project area is located 70 km south of the Yukon-British Columbia border and 130 km northwest of the community of Dease Lake, BC.
The 2021 exploration program involved the collection of 2,100 soil samples and 532 prospecting rock grab samples, as well as geological mapping and an airborne magnetic and radiometric survey. See linked map for zone and sample locations: Map 1 – Atsutla Gold Highlights.
Highlands zone – Visible gold in an extensive vein system
The Highlands zone is located in the northwestern area of the Atsutla Gold Project. Results from Phase 1 include multiple high-grade grab samples, the highest being 630.04 g/t (18.38 oz/ton) Au with 531.75 g/t (15.51 oz/ton) Ag. Also, a new visible gold zone was discovered 550 m west of these samples (see September 13, 2021 news release).
Phase 2 analysis of the visible gold zone yielded values up to 222.1 g/t Au and 55 g/t Ag. More significantly, prospecting in the vicinity of the visible gold showing revealed an extensive gossanous zone hosting one or more 20-50 cm-thick quartz veins. This vein system was traced across a 700 m x400 m area and yielded numerous high-grade gold values from grab samples of bedrock and proximal float (see Map 2 – Highlands zone).
The vein system was also identified at two other locations at opposite ends of the gossan unit:
An in-situ quartz vein showing, located 165m north of the initial visible gold discovery, returned values as high as 112.4 g/t Au and 75 g/t Ag. This vein was traced along a 20-meter strike length, is 20-40 cm thick, and displays abundant arsenopyrite, pyrite, and galena mineralization
A zone of in-situ mineralized quartz veining 430 meters south of the visible gold showing returned values up to 165.4 g/t Au with 1,894 g/t Ag and 125.0 g/t Au with 1,630 g/t Ag.
In total, these high-grade (>100 g/t Au) vein showings occur across a 750 m x 600 m area.
First-pass prospecting to the northeast of the Highlands zone area yielded a sample assaying 9.9 g/t Au, located 2.5 km northeast of the visible gold showing.
Christmas Creek zone – New high-grade gold discoveries in bedrock
The Christmas Creek zone is located across the Christmas Creek valley, ~2 km east of the Highlands zone (see Map 3). To date, very limited exploration has been conducted in this area. Phase 2 prospecting at the Christmas Creek zone discovered a 30 cm-wide galena-rich quartz vein in bedrock which returned values up to 102 g/t Au and 524 g/t Ag. A sample of quartz float material 170 meters northwest from the bedrock samples returned an assay of 50.6 g/t Au and 85 g/t Ag.
Willie Jack trend – Bedrock source of 1.25-kilometer-long Au-As-Ag-Mo-Te soil anomaly confirmed
Phase 2 prospecting has confirmed the source of the extensive gold-in-soil anomaly (termed the Willie Jack trend) reported in the September 13, 2021 news release. The Willie Jack trend occurs along the southwestern margin of the early Jurassic Christmas Creek Batholith, where it lies in contact with older, Permian Kedahda Formation metasediments. The trend is at least 1.25 kilometers long, and falls within a broader anomalous gold trend of 6.5 kilometers. It is characterized by anomalous Au-As-Ag-Mo-tellurium (Te) soil sample values, with soil sample assays up to 3,767 ppb (3.77 g/t) Au. Sampling of quartz float and quartz in metasedimentary bedrock indicate that the anomalous gold-in-soil trend originates from a series of metasediment-hosted, northwest-trending auriferous quartz veins.
Phase 2 prospecting along this trend involved follow-up on the higher-grade soil samples. Multiple quartz veins were uncovered, both as in-situ bedrock, and as proximal float. The highest grade returned from the trend is 9.89 g/t Au, from an in-situ sample of quartz vein material. Rock samples along trend 700 meters to the southeast returned assay values up to 2.01 g/t Au (see Map 4 – Willie Jack trend). Prospecting an additional 4.1 km to the southeast has uncovered additional quartz veining, with assay values up to 1.56 g/t Au. A chip sample across siliceous quartzite in this area yielded 0.35 g/t Au over 6.5m.
Swan zone – New high-grade gold discoveries within an intrusive-hosted 900m x 700m Au-As-Ag-Sb-Cu-Mo-Pb soil anomaly
The Phase 2 program has also led to the discovery of high-grade gold at the Swan zone, located in the eastern area of the Atsutla claim block. Rock sample assays returned grades up to 11.5 g/t Au and 175 g/t Ag.
The Swan zone area was staked to cover a historical molybdenum-copper porphyry prospect that was discovered in the late 1960s and explored periodically since then. Despite collection of more than 500 soil and surface rock samples, and completion of almost 1,000 meters of shallow diamond drilling, no geochemical analysis for gold was ever completed before Trailbreaker staked the area.
The initial Phase 1 program at the Swan zone involved the completion of a soil sampling grid adjacent to the historical drilling on a large gossanous ridge. Assay results from the soil sampling revealed a ~900 m x 700 m Au-As-Ag-Sb-Cu-Mo-Pb soil anomaly, with soil samples assaying up to 406 ppb Au. The core of the soil anomaly is located ~1.2km east of the historical drilling. The anomaly occurs within a leucogranite-porphyry unit of the Upper Cretaceous Glundebery Batholith.
Phase 2 involved one day of follow-up work in this area and uncovered significant arsenopyrite mineralization in bedrock, proximal float, and talus float. Rock samples taken from a mid-slope outcrop returned grades of 11.5 g/t Au with 16.8 g/t Ag, and 8.39 g/t Au with 55.8 g/t Ag (see Map 5 – Swan zone). A sample of proximal float 200 m southeast of this outcrop yielded grades of 7.6 g/t Au with 175 g/t Ag. Numerous other samples assayed >1 g/t Au in a 500 m x 200 m area within the soil anomaly.
Airborne survey
An airborne magnetic and radiometric survey has recently been completed at the Atsutla Gold project. The survey covered the Highlands and Christmas Creek zones, as well as the Willie Jack trend. Trailbreaker is currently reviewing and compiling the data. Maps and data will be presented in an upcoming news release.
Drill Permitting
A permit for diamond drilling at the Atsutla Gold project has been submitted to the British Columbia Ministry of Mines.
Message from the President
“Once again the exploration team has come through and surpassed expectations at the Atsutla project. With a solid geochemical database and new geophysical data on our hands, we are carefully determining the next steps for the project. While properly evaluating these high-grade gold showings is our focus, the majority of the claim block is untouched ground, and one can only imagine what remains to be found at Atsutla.”
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
OTHER
Sample analysis and assaying for all of Trailbreaker’s projects have been conducted by Bureau Veritas Mineral Laboratories Canada in Vancouver, BC, which is an ISO-17025 accredited laboratory. Rock samples were crushed, split and pulverized to a 250 g pulp passing through a 200 mesh screen (prep code PRP70-250). For gold analysis, a 50 g split underwent fire assay with an ICP-ES finish (FA350-Au). Samples assaying >10 ppm Au were re-analyzed with a gravimetric finish (FA550-Au). Samples also underwent 37-element analysis involving aqua regia digestion and ICP-ES/MS analysis (AQ200). Soil samples were sieved to 80 mesh (prep code SS80) and underwent a 37-element analysis involving aqua regia digestion and ICP-ES/MS analysis (AQ201).
Rigorous quality assurance procedures are in place regarding sample collection, chain of custody and data entry. Certified QA/QC standard and blank reference samples are routinely inserted into the sample stream to ensure integrity of the assay process. The reader is cautioned that grab samples are single rock samples typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of metal values. These do not necessarily provide an accurate representation of the tenor of the targeted zone sampled.
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.
October 4th, 2021 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce results from the 2021 exploration program at their 100%-owned Skelly property in northern British Columbia (BC).
A chip sample across a historic showing re-identified by Trailbreaker in 2020 has returned an assay of 25.4 g/t gold (Au) and 882 g/t silver (Ag) over 1.5m. Further prospecting 200 meters to the west of the historic showings has identified a new gold zone, with outcrop grab samples assaying up to 3.43 g/t Au and 78.3 g/t Ag. Soil sample results indicate the zone extends at least another 250m farther west and remains open (see attached map – Skelly Property Exploration Highlights).
Daithi Mac Gearailt, CEO of Trailbreaker, commented: “The chip sample results confirm the high-grade nature of the historic showing that the team re-identified last year. It is also very encouraging that new mineralization has been found in the area and the soil samples show there is potential for more to be discovered.”
About Skelly
Covering 2,526 hectares, the Skelly property is located just south of the Yukon-BC border, approximately 100 km south of Whitehorse, Yukon.
The property is contiguous to Bessor Minerals’ 8,178-hectare Golden Eagle property that contains significant drilled gold prospects comprising high-grade, gold-bearing quartz-sulphide veins. Although exploration on the Skelly property dates back to the 1890s, old shafts provide the only evidence of past work. Before 2020, no modern exploration has been documented on the majority of the Skelly property.
In the summer of 2020, Trailbreaker conducted a short, 3-day first pass reconnaissance exploration program that re-identified historic shafts. Grab samples obtained from quartz veins within these assayed up to 1.03 oz/ton gold and 14.24 oz/ton silver (see October 5th, 2020 news release for more information). The auriferous quartz veins were sampled over a 180-meter northwest-trending shear zone, open along strike and paralleling a contact with granitic rocks.
2021 Exploration
A brief, two-day exploration program was conducted at the Skelly property in 2021 to follow-up on 2020 assay results, and to explore a portion of newly staked ground. The team collected 111 soil samples, 28 prospecting rock grab samples, and one rock chip sample.
The chip sample was conducted across the previously identified historic showing and returned an assay of 25.4 g/t Au and 882 g/t Ag over 1.5m. A grab sample located 3 meters from the chip sample also yielded high gold and silver grades, assaying 22.4 g/t Au and 1,147 g/t Ag. Mineralization related to this historic showing has been traced along strike for 180 meters to the northwest. It is interpreted to be related to a shear zone at the contact between late Cretaceous granite to the southwest, and older, late Paleozoic metamorphic rocks to the northeast.
Newly identified mineralization was discovered 200m west-southwest of the historic showings in a deeply incised creek canyon which also cuts through the high-grade shear which hosts the historic showings. Multiple ‘stacked’ quartz-pyrite-arsenopyrite veins were identified. These veins are typically shallow dipping to flat lying, and 20-30cm in width. Assays returned grades as high as 3.43 g/t Au and 78.3 g/t Ag with anomalous molybdenum (Mo), copper (Cu), lead (Pb), arsenic (As), antimony (Sb), bismuth (Bi), and tellurium (Te).
Soil sample results indicate that the gold mineralization discovered in this zone likely extends westward along the creek for a minimum of 250m and remains open. A series of four soil samples over 150m assayed anomalous gold values ranging from 24.1 ppb Au to 65.6 ppb Au.
Prospecting 1.5 km northwest of the high-grade gold zone has also uncovered a zone of gossanous shears in metamorphic rock close to the granite contact. One rock grab sample of local pyritic float returned an assay of 0.21 g/t Au.
A significant portion of the 2,526-hectare property remains un-explored.
Message from the President
“In two short days of exploration the Trailbreaker team has managed to both expand the mineralized zone and yield new targets for future exploration. There is a lot of blue sky at the Skelly property and I am excited to see what we’ll find next.”
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
OTHER
Sample analysis and assaying for all of Trailbreaker’s projects have been conducted by Bureau Veritas Mineral Laboratories Canada in Vancouver, BC, which is an ISO-9001 accredited laboratory. Rock samples were crushed, split and pulverized to a 250 g pulp passing through a 200 mesh screen (prep code PRP70-250). For gold analysis, a 50 g split underwent fire assay with an ICP-ES finish (FA350-Au). Samples assaying >10 ppm Au were re-analyzed with a gravimetric finish (FA550-Au). Samples also underwent 37-element analysis involving aqua regia digestion and ICP-ES/MS analysis (AQ200). Soil samples were sieved to 80 mesh (prep code SS80) and underwent a 37-element analysis involving aqua regia digestion and ICP-ES/MS analysis (AQ201).
Rigorous quality assurance procedures are in place regarding sample collection, chain of custody and data entry. Certified QA/QC standard and blank reference samples are routinely inserted into the sample stream to ensure integrity of the assay process. The reader is cautioned that grab samples are single rock samples typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of metal values. These do not necessarily provide an accurate representation of the tenor of the targeted zone sampled.
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 13th, 2021 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the definition of three gold zones (‘Highlands’, ‘Willie Jack’, and ‘Swan’) at their 100%-owned Atsutla Gold Project, and confirmation of the discovery of widespread visible gold in quartz float. Phase 1 grab sample assay results returned grades as high as 630.04 g/t (18.38 oz/ton) gold (Au) from an area 550 meters away from a newly discovered zone comprising samples with visible gold (Highlands zone). Assays from the Phase 2 program remain pending.
Soil sampling and prospecting have also defined two other gold zones at Atsutla: a 1.25-kilometer-long gold (Au)-arsenic (As)-silver (Ag)-molybdenum (Mo)-tellurium (Te) geochemical anomaly, with soil sample values up to 3,767 ppb Au (‘Willie Jack trend’); and a 900m x 700m Au-As-Ag-antimony (Sb)-copper (Cu)- Mo-lead (Pb) geochemical anomaly, with soil sample values up to 406 ppb Au (‘Swan zone’). The Swan zone anomaly is directly adjacent to a historic molybdenum-copper (Mo-Cu) porphyry prospect that was not previously explored or analyzed for gold.
Daithi Mac Gearailt, CEO of Trailbreaker, commented: “The newly released Phase 1 assay results, coupled with the visible gold discovered during Phase 2, confirm that this is a high-grade gold-bearing system. Considering the size of the current geochemical soil anomalies, along with widespread visible gold found to date, I am very confident that more high-grade results will follow.”
With the addition of recent staking, the Atsutla Gold Project now covers 37,727 hectares and spans 36 kilometers. The project area is located 70 km south of the Yukon-British Columbia border and 130 km northwest of the community of Dease Lake, BC.
The Phase 1 and 2 exploration programs involved the collection of 2,100 soil samples and 532 prospecting rock grab samples, as well as geological mapping.
Efforts were focused on follow-up of the high-grade gold, silver, and copper discoveries made at the Willie Jack zone in 2020, as well as first-pass reconnaissance of newly-staked, unexplored ground southeast of the initial discoveries. The exploration team also completed a first-pass exploration program at the Swan zone, which hosts a historic Mo-Cu porphyry prospect.
Highlands Zone – Location of high-grade gold results and newly discovered visible gold
The Highlands zone is located in the northern area of the Atsutla Gold Project. In 2020, a grab sample of quartz float from this zone assayed 164 g/t (4.78 oz/ton) Au and 257 g/t Ag. Follow-up work in the vicinity of this sample revealed an abundance of similar quartz float 40 meters uphill. Multiple grab samples were taken, six of which assayed over 190 g/t Au (see linked Map 3 – Highlands). The gravimetric gold analytical results for two of these samples yielded values exceeding 1000 g/t Au. Both samples underwent four various forms of re-assaying, including one utilizing a separate laboratory (ALS Canada) for a total of five assay values per sample. The averages of these values for the samples are: 630.04 g/t (18.38 oz/ton) Au with 531.75 g/t (15.51 oz/ton) Ag; and 493.90 g/t (14.41 oz/ton) Au with 472 g/t (13.77 oz/ton) Ag, respectively. While the bedrock source was not directly identified, it is likely the quartz float is sourced from a gossanous, semi-competent granite unit present at the uphill limit of the float samples.
During Phase 2 of exploration at the Highlands zone, a zone of visible gold was newly discovered 550m west of the aforementioned high-grade float. This zone consists of a 20m trend of quartz boulders up to 1m in size with abundant visible gold, pyrite, galena, and arsenopyrite mineralization (assays pending). Additional exploration in this area revealed a trend of visible gold in talus 240m southeast of the boulders. In this area, visible gold and pyrite were observed on the margins of ~10cm wide quartz vein fragments. The vein fragments are proximal float, sourced from a gossanous, semi-competent granite unit. Other similar quartz vein samples with pyrite, galena, and arsenopyrite mineralization were taken from this same unit, but from in-situ bedrock. Assays for all of these Phase 2 samples remain pending.
Willie Jack Trend – 1.25-kilometer-long Au-As-Ag-Mo-Te soil anomaly
The Phase 1 program also involved a significant soil survey along the southwestern margin of the early Jurassic Christmas Creek Batholith, where it lies in contact with older, Permian Kedahda Formation metasediments. This survey was intended to follow-up on a series of soil samples taken in 2020 which returned assays up to 801 ppb (0.8 g/t) Au. The 2021 survey revealed a significant trend of anomalous Au- As-Ag-Mo-Te values, assaying up to 3,767 ppb (3.77 g/t) Au. The trend is at least 1.25 kilometers long, and falls within a broader anomalous gold trend of 6.5 kilometers (see linked Map 4 – Willie Jack). Initial rock sampling along this trend returned values up to 2.06 g/t Au (float); however, assays remain pending for follow-up rock samples of float and bedrock.
Sampling of quartz float and quartz in bedrock indicate that the anomalous gold-in-soil trend is caused by a series of metasediment-hosted, northwest-trending auriferous quartz veins.
Swan Zone – 900m x 700m Au-As-Ag-Sb-Cu-Mo-Pb soil anomaly
History of the Swan Zone
Due to the success of the first pass results at the Willie Jack property (now Atsutla Gold Project), Trailbreaker staked the Swan claims (see Swan news release dated March 22nd, 2021). The Swan claims cover a historical molybdenum-copper porphyry prospect discovered in the late 1960s and explored periodically since then. Despite more than 500 soil and surface rock samples and almost 1,000 meters of shallow diamond drilling, no geochemical analysis for gold was ever completed. Historical geological mapping and drill hole logging indicate a complex intrusive system, comprising widespread quartz- feldspar porphyritic monzonite cut by a variety of felsic and mafic dikes. Molybdenite-pyrite mineralization is closely associated with sheeted quartz veins, quartz stockwork and breccia zones. The historical drilling at Swan intersected broad, low to mid-grade molybdenite mineralization, returning up to 0.06% Mo over 73 meters, as well as several significant silver intercepts including >26 g/t Ag over 3 meters.
Phase 1, first-pass results at Swan
The Phase 1 program at Swan involved the collection of 284 soil samples and 70 prospecting rock grab samples. The bulk of these soil samples were taken on a large, gossanous mountain immediately east of the historical drill holes.
Assay results from the soil sampling have revealed a ~900m x 700m Au-As-Ag-Sb-Cu-Mo-Pb soil anomaly, with soil samples assaying up to 406 ppb Au (see linked Map 5 – Swan). The anomaly occurs within a leucogranite-porphyry unit of the Upper Cretaceous Glundebery Batholith. Limited rock sampling from Phase 1 yielded assays up to 3.17 g/t Au. Gold typically occurs with arsenopyrite mineralization and epithermal quartz veining. Phase 2 involved one day of follow-up work in this area and uncovered significant arsenopyrite mineralization in talus float (assays pending).
Additional staking
Due to the favourable assay results of the Phase 1 program, and the highly encouraging visual results of the Phase 2 program, Trailbreaker Resources has staked an additional nine claims (14,350 ha) at the Atsutla Gold Project. The project area now consists of 28 mineral claims covering 37,727 hectares.
Phase 3 – Airborne survey
A third phase of exploration will be conducted at the Atsutla Gold Project during September, 2021. This phase will involve an airborne magnetic, radiometric, and VLF-EM survey covering the Highlands and Christmas Creek zones, and the Willie Jack trend. It is anticipated the survey will highlight structural features controlling gold mineralization, as well as geological contacts.
Message from the President
“I am incredibly pleased with the recent results at the Atsutla Gold Project. The high-grade nature of the Highlands zone, extent of the Willie Jack trend, and mineral potential of the Swan area provide exciting possibilities. By the end of 2021 we will have a geochemical database of almost 2,700 surface samples as well as a high-definition airborne geophysical survey. Not only that but we have an additional 14,000 hectares of nearly untouched ground to explore. Atsutla is shaping up to be a major gold project!”
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
OTHER
Sample analysis and assaying for all of Trailbreaker’s projects have been conducted by Bureau Veritas Mineral Laboratories Canada in Vancouver, BC, which is an ISO-9001 accredited laboratory. Rock samples were crushed, split and pulverized to a 250 g pulp passing through a 200 mesh screen (prep code PRP70- 250). For gold analysis, a 50 g split underwent fire assay with an ICP-ES finish (FA350-Au). Samples assaying
>10 ppm Au were re-analyzed with a gravimetric finish (FA550-Au). Samples also underwent 37-element analysis involving aqua regia digestion and ICP-ES/MS analysis (AQ200). Soil samples were sieved to 80 mesh (prep code SS80) and underwent a 37-element analysis involving aqua regia digestion and ICP- ES/MS analysis (AQ201).
Rigorous quality assurance procedures are in place regarding sample collection, chain of custody and data entry. Certified QA/QC standard and blank reference samples are routinely inserted into the sample stream to ensure integrity of the assay process. The reader is cautioned that grab samples are single rock samples typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of metal values. These do not necessarily provide an accurate representation of the tenor of the targeted zone sampled.
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 19th, 2021 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce completion of the Phase 1 exploration program at its 100%-owned Atsutla Gold project, located in northwestern British Columbia (BC). Trailbreaker will also conduct an exploration program at its 100%-owned Skelly property in 2021.
The Atsutla Gold project covers over 23,000 hectares and is located 70 km south of the Yukon-BC border and 130 km northwest of the community of Dease Lake, BC.
The Phase 1 exploration program involved the collection of 1,680 soil samples and 295 prospecting grab samples, as well as geological mapping. Efforts were focused on follow-up of the high-grade gold, silver, and copper discoveries made at the Willie Jack property in 2020 (see below for further details), as well as first-pass reconnaissance of newly-staked, unexplored ground southeast of the initial discoveries. The exploration team also completed a first-pass exploration program at the Swan property, which hosts a historic molybdenum-copper (Mo-Cu) porphyry showing that has never been assayed for gold mineralization.
Assay results for the Phase 1 program remain pending. A Phase 2 exploration program will commence in August, 2021.
Skelly property
Prior to conducting Phase 2 exploration at Atsutla, the Trailbreaker team will mobilize on to its 100%-owned Skelly property in northwestern BC. Covering 2,526 hectares, the Skelly property is located just south of the Yukon-BC border, approximately 100 km southwest of Whitehorse, Yukon.
The property is contiguous to Bessor Minerals’ 8,178-hectare Golden Eagle property that contains significant drilled gold prospects comprising high-grade, gold-bearing quartz-sulphide veins. Although exploration on the Skelly property dates back to the 1890s, old shafts provide the only evidence of past work. Before 2020, no modern exploration has been documented on the majority of the Skelly property.
In the summer of 2020, Trailbreaker conducted a short, 3-day first pass reconnaissance exploration program that re-identified historic shafts. Grab samples obtained from quartz veins within these assayed up to 1.03 oz/ton gold and 14.24 oz/ton silver (see October 5th, 2020 news release for more information). The auriferous quartz veins were sampled over a 100-metre northwest-trending shear zone, open along strike and paralleling a contact with granitic rocks. Soil sampling revealed a property-wide enrichment in gold (Au), arsenic (As) and antimony (Sb), with values up to 63.4 ppb Au, 5,218 ppm As and > 2,000 ppm Sb. On receiving these results Trailbreaker immediately extended its land package to cover all new targets for potential mineralization.
The 2021 exploration program will involve follow-up on the 2020 discoveries, as well as first-pass exploration on the newly-staked ground.
Further information on the Atsutla Gold project:
Willie Jack
In March of 2020, the Trailbreaker team generated the Willie Jack target and conducted a first pass reconnaissance program. The program led to the discovery of widespread gold mineralization across a 6-kilometre trend, with rock grab samples assaying up to 164 g/t (4.78 oz/ton) Au and soil sample results exceeding 800 ppb (0.8 g/t) Au (see Willie Jack news release dated October 19th, 2020). Rock grab samples also returned assays up to 257 g/t silver (Ag) and 1.7 % copper (Cu). The mineralization discovered to date is related to the Mesozoic intrusive batholiths that comprise the Atsutla mountain range, and shares characteristics of both Cu-Au porphyry-type and intrusion-related gold deposits. Further work is required to determine the nature of the gold mineralization.
Swan
Due to the success of the first pass results at the Willie Jack property, Trailbreaker generated and staked the Swan property which now covers over 13,000 hectares (see Swan news release dated March 22nd, 2021). The Swan claims cover a historical molybdenum porphyry prospect discovered in the late 1960s and periodically explored since then. Despite more than 500 soil and surface rock samples and almost 1,000 meters of shallow diamond drilling, no geochemical analysis for gold was ever completed. Historical geological mapping and drill hole logging indicate a complex intrusive system, comprising widespread quartz-feldspar porphyritic monzonite cut by a variety of felsic and mafic dikes. Molybdenite-pyrite mineralization is closely associated with sheeted quartz veins, quartz stockwork and breccia zones. The historical drilling at Swan intersected broad, low to mid-grade molybdenite mineralization, returning up to 0.06% Mo over 73 metres, as well as several significant silver intercepts including >26 g/t Ag over 3 meters.
Historical work also included a detailed soil geochemical survey completed in 2007 which outlined a large, open-ended copper-silver-arsenic (Cu-Ag-As) soil anomaly that lies outside of the drilled Mo prospect. Furthermore, a 1972 induced polarization (IP) survey outlined a chargeability anomaly coinciding with this soil anomaly, interpreted to potentially represent a pyrite halo above a buried porphyry system.
Trailbreaker’s team has concluded that the Swan and Willie Jack property areas were previously overlooked for gold potential, due to low gold prices at the time.
Message from the President
“The Phase 1 exploration program at Atsutla was incredibly effective at collecting a vast quantity of data during a short time period. The Trailbreaker team and myself look forward to receiving the assay results, compiling them and moving forward with a second phase in August. We are also about to commence an exploration project at the Skelly property, an area with very little past exploration but showing great promise due to the historic showings on the property, and high gold values from neighbouring properties.”
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/TrailbreakerRes, 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 14th, 2021 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the mobilization of its exploration team to its 100%-owned Atsutla Gold project, located in northwestern British Columbia (BC).
This Phase 1 program will involve reconnaissance and detailed geochemical soil sampling, prospecting, and geological mapping at both the Willie Jack and Swan properties which comprise the Atsutla Gold project. The Company intends to thoroughly follow-up on the high-grade discoveries made at Willie Jack in 2020 as well as explore newly staked ground. In addition to this, the team will re-examine the historic exploration and drilling done at the Swan property, with a renewed focus on gold mineralization.
The Atsutla Gold project covers over 23,000 hectares and is located 70 km south of the Yukon-BC border and 130 km northwest of the community of Dease Lake, BC.
Willie Jack
In March of 2020, the Trailbreaker team generated the Willie Jack target and conducted a first pass reconnaissance program. The program lead to the discovery of widespread gold mineralization across 6 kilometres, with rock grab samples assaying up to 164 g/t (4.78 oz/ton) gold (Au) and soils sample results exceeding 800 ppb (0.8 g/t) Au (see Willie Jack news release dated October 19th, 2020). Rock grab samples also returned assays up to 257 g/t silver (Ag) and 1.7 % copper (Cu). The mineralization discovered to date is related to the Mesozoic intrusive batholiths that comprise the Atsutla mountain range, and shares characteristics of both Cu-Au porphyry-type and intrusion-related gold deposits.
Swan
Due to the success of the first pass results at the Willie Jack property, Trailbreaker generated and staked the Swan property which now covers over 13,000 hectares (see Swan news release dated March 22nd,2021). The Swan claims cover a historical molybdenum (Mo) porphyry prospect that was discovered in the late 1960s and periodically explored during the past 50 years. Despite more than 500 soil and rock surface samples and almost 1,000 meters of shallow diamond drilling, no geochemical analysis for gold was ever completed. Historical geological mapping and drill hole logs have shown a complex intrusive system with widespread quartz-feldspar porphyritic monzonite cut by a variety of felsic and mafic dikes.
Molybdenite-pyrite mineralization is closely associated with sheeted quartz veins, quartz stockwork and breccia zones. The historical drilling at Swan intersected broad, low to mid-grade molybdenite mineralization, returning up to 0.06% Mo over 73m, as well as several significant silver intercepts including >26 g/t Ag over 3 meters.
Historical work also included a detailed soil geochemical survey completed in 2007 which outlined a large, open-ended copper-silver-arsenic (Cu-Ag-As) soil anomaly that lies outside of the drilled Mo prospect. Furthermore, a 1972 induced polarization (IP) survey outlined a chargeability anomaly which coincides with this soil anomaly and has been interpreted to potentially represent a pyrite halo above a buried porphyry system.
Trailbreaker’s team has concluded that the Swan and Willie Jack property areas were previously overlooked for gold potential, due to low gold prices at the time.
Message from the President
“The Trailbreaker team and myself are excited to get back into the field. After a winter of project planning, we are confident we will be able to expand upon our recent gold and copper discoveries, and also find new mineralization in this highly prospective area. Stay tuned for further news from Trailbreaker.”
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/TrailbreakerRes, 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 12, 2021 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that it has received TSX Venture Exchange approval to close their private placement financing consisting, previously announced May 4, 2021, for total gross proceeds of $1,048,610.
The Company will now issue 800,000 non-flow-through Units for gross proceeds (the “Units”), each $0.25 Unit priced consisting of 1 common share of the Company and 1 common share purchase warrant (the “Unit Warrants”), each Unit Warrant being exercisable for an additional common share of the Company at $0.39 for 24 months from closing, subject to the right of the Company to accelerate the exercise period should, after the expiration of the 4 month hold, shares of the Company trade close at or above $0.59 for 10 consecutive trading days. Proceeds of this portion of the financing will be used for general corporate purposes, that may include corporate development and property acquisition.
The Company will also now issue 2,424,600 flow-through units (the “FT Units”), each $0.35 FT Unit consisting of 1 flow-through share and 1 common share purchase warrant (the “FT Unit Warrants”), each full FT Unit Warrant being exercisable at $0.49 for a common share of the Company for 24 months. The flow-through shares will entitle the holder to receive tax benefits applicable to flow-through shares in accordance with the provisions of the Income Tax Act (Canada). Proceeds of the financing will be used to advance Trailbreaker’s newly assembled Atsutla Gold Project in the province of British Columbia.
All securities issued pursuant to this financing are subject to a 4-month hold period., such hold expiring September 14, 2021.
Cash finders’ fees totaling $52,117 are being paid to various finders.
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/TrailbreakerRes, 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.
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