May 4th, 2021 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce that, subject to regulatory approval, it has closed their private placement financing consisting of Hard Dollar Units and Flow-Through Units, for total gross proceeds of $1,048,610, an increase of $48,610 more than originally anticipated. Both offerings received support from strategic accredited investors.
The Company has closed on 800,000 non-flow-through Units for gross proceeds of $200,000 (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 has also closed on 2,424,600 flow-through units for gross proceeds of $848,610 (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.
On receipt of regulatory approval and in accordance with the policies of the TSX Venture Exchange, cash finders’ fees totaling $50,016.90 will be paid.
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.
March 24th, 2021 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the granting of stock options to Mr. Frank Wheatley.
Mr. Wheatley was elected by the shareholders as Independent Director at the 2020 Annual General Meeting (AGM) and appointed by the Board as Chairman of the Audit Committee for Trailbreaker Resources Ltd.
The company has granted Mr. Wheatley 150,000 incentive stock options exercisable at a price of $0.30 per share for a term of five years expiring March 24th, 2026, vesting immediately. The options are granted in accordance with the Company’s stock option plan and as set forth by TSX Venture Exchange (“TSX-V”) policy and are subject to all regulatory approvals.
Mr. Wheatley is a senior executive and legal counsel with more than 35 years of international business, financial and legal experience with Canadian public mining companies operating globally in precious, base, and industrial metals. He has extensive experience as a Chief Executive Officer and General Counsel for a number of TSX-listed companies, as well as domestic and international experience with exploration, development and operating gold, copper, lithium and potash companies.
Mr. Wheatley also brings extensive experience as an Independent Director, Committee Chair, and Committee Member for a number of Canadian public mining companies. He is currently an Independent Director of Endeavour Mining Corporation – a top 10 global gold producer with 7 operating mines in West Africa.
New Trailbreaker Resources website and presentations
Trailbreaker Resources’ new company website can be found at www.TrailbreakerResources.com. An updated corporate presentation, presentations for each of Trailbreaker’s properties, as well as photos, maps and more, can be found there. See below for further contact details and social media links.
Message from the President “I am delighted to have Frank Wheatley on the Trailbreaker team. Frank brings a wealth of mining industry and legal experience with him that I know will prove to be of great benefit to the Company moving forward.”
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.
March 22nd, 2021 – Trailbreaker Resources Ltd. (TBK.V) (Trailbreaker) is pleased to announce the recent staking of the Swan property in northwestern British Columbia (BC) and its inclusion in the newly formed Atsutla Gold Project.
The Swan property covers a historically drilled molybdenum porphyry prospect that has never been assayed for gold. It is situated just 20 km northeast of the recent high-grade gold discoveries at Trailbreaker’s Willie Jack property. Together, the Willie Jack and Swan properties form the 100%-owned Atsutla Gold Project, covering over 14,000 hectares of ground. The project, named after the Atsutla mountain range, is located 70 km south of the Yukon-BC border and 130 km northwest 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 released 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 covers almost 4,300 hectares. The Swan property is 100%-owned by Trailbreaker, with no underlying payments or royalties. The Swan property overlies the regional scale Teslin-Thibert strike-slip fault system that extends over 700 km across the Yukon Territory and BC and marks the boundary between the Quesnel and Cache Creek terranes.
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, including 0.97% Mo over 19m, 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 is interpreted to potentially represent a pyritic halo above a buried copper porphyry deposit.
Trailbreaker’s team believes the Swan and Willie Jack property areas were previously overlooked for gold potential due to low gold prices at the time. Trailbreaker plans to conduct a thorough first-pass evaluation program in 2021.
Atsutla Gold Project The Willie Jack and Swan properties represent Trailbreaker Resources’ investment in an underexplored area of British Columbia which has been historically overlooked for district-scale gold mineralization. To consolidate exploration plans, Trailbreaker has termed this area the “Atsutla Gold Project”.
Geologically, the project is centered on the regional-scale crustal Teslin-Thibert fault system marking the boundary between the Quesnel and Cache Creek tectonic terranes. The Quesnel terrane hosts numerous Cu-Au porphyry deposits along the length of British Columbia, including the Copper Mountain, Highland Valley, New Afton, Mount Polley, Mount Milligan, and Kemess deposits and mines. The Cache Creek terrane hosts a variety of mineralization styles, and includes the Gibraltar Cu-Mo-Au porphyry deposit.
The combination of this favourable geologic setting with the recent gold discoveries by Trailbreaker at Willie Jack, supported by historic Mo porphyry results at Swan and widespread placer gold documented in the project area, indicates strong potential for multiple styles of gold mineralization.
New Trailbreaker Resources website and presentations Trailbreaker Resources’ new company website can be found at www.TrailbreakerResources.com. An updated corporate presentation, presentations for each of Trailbreaker’s properties, as well as photos, maps and more, can be found there. See below for further contact details and social media links.
Message from the President “The Trailbreaker team has identified an area with untapped potential and, in under one year, has brought forth encouraging results and compelling evidence that the Atsutla Gold Project area can be developed into a new gold district. We are greatly looking forward to exploring the new ground at the Swan property and seeing what historical work may have been missed. At the same time, we will be exploring and advancing our Plateau, Willie Jack, Skelly, and McMurdo properties and closely following our royalties in our third-party projects that are being drilled this year.”
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; and the plans for completion of the contemplated transactions with Newmont as set out above. 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.
March 17, 2021 – Goldstrike Resources Ltd. (GSR.V) (Goldstrike) is pleased to announce it will be changing its name to Trailbreaker Resources Ltd. The company’s new trading symbol will be TBK.V and its new CUSIP number will be CA89279P1018. Trading on the TSXV under the new symbol will be effective at market opening on March 22, 2021.
The new name of Trailbreaker Resources represents the company’s changing focus to a developing an evolved brand of district-scale discoveries in safe jurisdictions.
Daithi Mac Gearailt, CEO, states, “Over the past 10 years the group behind Goldstrike Resources has explored grassroot projects that were focused exclusively in the Yukon Territory. The Goldstrike story was one of many great discoveries and successes including forming a strategic partnership with a major mining company. As successful as this story has been, it is now time to start a new chapter. The Trailbreaker group has a unique talent for finding and exploring prospective areas that have been overlooked for various reasons and proving they have district scale potential. The name Trailbreaker better represents this renewed focus and philosophy, and we are excited to move forward with this new brand and create value to our share holders.”
The recent discoveries in 2020 of the Willie Jack, Skelly, and McMurdo projects in British Columbia exemplify the direction of Trailbreaker Resources. These properties are 100%-owned with no underlying payments or royalties. Results from last years first-pass exploration programs can be found in Goldstrike’s 2020 news releases:
Willie Jack: Goldstrike samples 164 grams per tonne gold and 257 grams per tonne silver at Willie Jack and proves widespread gold mineralization over 6 kilometers.
Skelly: Goldstrike samples 35.5 grams per tonne gold and 488 grams per tonne silver at Skelly property, northern BC.
McMurdo: Goldstrike samples 176 grams per tonne (5.13 oz/ton) gold at McMurdo property, southern British Columbia, Canada.
Exploration plans for these projects and more will be released in the coming weeks.
The Plateau property in Yukon Territory remains a highly significant asset in the company’s portfolio and Trailbreaker is currently exploring various options to further unlock its value.
A new website for Trailbreaker Resources is underway and will be located at TrailbreakerResources.com
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; and the plans for completion of the contemplated transactions with Newmont as set out above. 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 Goldstrike has attempted to identify important factors that could affect Goldstrike 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, Goldstrike 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, Goldstrike 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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