Trailbreaker Resources Provides Update On the Golden Sable Property, South-Central BC
30 Mai 2023 - 7:32PM
Trailbreaker Resources Ltd. (TBK.V)
(“Trailbreaker” or “the Company”) is pleased to provide an update
on the Golden Sable property in south-central British Columbia
(BC).
Located 175 kilometres north of Kamloops, BC,
the Golden Sable property covers 2,568 hectares in two separate
claim blocks. The claim blocks are 1.7 kilometres apart, with the
ground in between held by a third party (see Figure 1).
The west block (GS West, 990 ha) of the Golden
Sable property hosts a historic 3-kilometre-long gold-in-soil
anomaly that remains open to the southeast (see May 29, 2023 news
release) while the east block (GS East, 1,578 ha) displays similar
geology and regional geochemistry as the west. One historic drill
program was completed on GS West during 2018. The program consisted
of 1,339 metres of drilling which included an intersection of 0.83
g/t gold over 24 metres.
Trailbreaker has acquired both parcels through
an option deal with Cordilleran Properties as well as additional
staking.
Trailbreaker may obtain 100% interest in the
Golden Sable property by making payments of $205,000 to Cordilleran
Properties as follows:
- upon the Effective Date (May 25th, 2023) $15,000;
- on or before the first anniversary of the Effective Date
$30,000;
- on or before the second anniversary of the Effective Date
$60,000; and
- on or before the third anniversary of the Effective Date
$100,000.
Trailbreaker will grant Cordilleran Properties a
1% NSR which may be bought back for $500,000.
The Company is currently planning a 2023 Phase 1
surficial exploration program to thoroughly evaluate both claim
blocks.
ON BEHALF OF THE BOARD
Daithi Mac GearailtPresident and Chief Executive Officer
Figure 1: Trailbreaker’s Golden Sable
project is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/f982524e-8ead-49e1-8c74-0465b5a771fe.
OTHER
For new information about the Company’s
projects, please visit Trailbreaker’s website at
TrailbreakerResources.com and sign up to receive news. For further
information, follow Trailbreaker’s tweets at
Twitter.com/TrailbreakerLtd, use the ‘Contact’ section of our
website, or contact us at (604) 681-1820 or at
info@trailbreakerresources.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this news release that
are not historical facts are "forward-looking information" or
"forward-looking statements" (collectively, "Forward-Looking
Information") within the meaning of applicable Canadian securities
legislation and the United States Private Securities Litigation
Reform Act of 1995. Forward-Looking Information includes, but is
not limited to, disclosure regarding possible events, conditions or
financial performance that is based on assumptions about future
economic conditions and courses of action; expectations regarding
future exploration and drilling programs and receipt of related
permitting. In certain cases, Forward-Looking Information can be
identified by the use of words and phrases such as "anticipates",
"expects", "understanding", "has agreed to" or variations of such
words and phrases or statements that certain actions, events or
results "would", "occur" or "be achieved". Although Trailbreaker
has attempted to identify important factors that could affect
Trailbreaker and may cause actual actions, events or results to
differ materially from those described in Forward-Looking
Information, there may be other factors that cause actions, events
or results not to be as anticipated, estimated or intended. In
making the forward-looking statements in this news release, if any,
Trailbreaker has applied several material assumptions, including
the assumption that general business and economic conditions will
not change in a materially adverse manner. There can be no
assurance that Forward-Looking Information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on Forward-Looking
Information. Except as required by law, Trailbreaker does not
assume any obligation to release publicly any revisions to
Forward-Looking Information contained in this news release to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.
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