Trailbreaker Resources Ltd. (TBK.V)
(“Trailbreaker” or “the Company”) is pleased to announce the
expansion of the Liberty property through claim acquisition and
staking. The property is now 5,054 hectares in size, covering the
mapped granitic intrusion, the copper-molybdenum (Cu-Mo) porphyry
and Cu skarn targets, as well as an additional epithermal gold
target.
In addition, an existing drilling permit for the
Liberty property has been transferred to Trailbreaker. The permit
allows Trailbreaker to conduct a first-pass drilling program to
test the Liberty Cu-Mo porphyry target. Trailbreaker has initiated
a “Request For Proposal” process with drill contractors to conduct
a drilling program at Liberty in spring, 2024. This would allow for
immediate follow-up exploration if results are favourable.
Message from the President
“By expanding the property, Trailbreaker has
secured a first-mover advantage. The existing permit will
strategically allow us to drill-test the Cu-Mo porphyry target
while also advancing additional targets across the property. When
we compare this property to Taseko’s Gibraltar Mine, we understand
that these Cu-Mo porphyry systems can be very large and occur in
multiple zones associated with the same plutonic body. With limited
previous exploration across the property, we feel confident we can
expand on the existing target footprint.” – Daithi Mac Gearailt
Liberty Property
Description
The Liberty Property is located approximately 60
km northwest of Quesnel, BC. The property is fully accessible by
resource roads.
The primary target of the Liberty project is a
northwest-trending Cu-Mo ± gold (Au) ± silver (Ag) mobile metal ion
(MMI) soil anomaly1 (Figure 1). This overlaps an induced
polarization (IP) chargeability1 feature on the margin of the
granitic intrusion. A historic drill hole to the south of this
coincident anomaly returned an interval of 123.1 m of 0.11% Cu and
0.04% MoS21. For more information on this target see news release
dated January 22, 2024 and the Liberty Project webpage.
In addition to the Cu-Mo porphyry target and the
Cu-skarn target, which returned assay values of >8% Cu from
historic trenching2, the expanded property also covers an
epithermal gold target, where epithermal vein textures have been
observed in a road cut2. Nearby soil and test pit samples returned
anomalous grades of gold (Au) and arsenic (As)2. These may
represent a lower-temperature epithermal portion of the
hydrothermal system.
Figure 1: Expanded property outline, now
covering 12 km of strike extent of the granitic intrusion
potentially associated with Cu-Mo porphyry, epithermal gold, and
Cu-skarn style mineralization.
Claim Acquisition and Staking
Trailbreaker staked an additional 1,007 hectares
of claims along the southeast margin of the previous property
boundary in order to cover the entire mapped granitic intrusion and
any potential mineralization that may be associated with the
intrusion.
As well, Trailbreaker purchased 100% interest in
a claim block covering 2,148 hectares adjoining the property and
extending it to the northwest of the previous property boundary,
covering the northwest extent of the granitic intrusion and the
epithermal gold target.
This expansion increases the property size from
1,898 hectares to 5,054 hectares, encompassing known prospective
geological settings in the area.
About Trailbreaker
Resources
Trailbreaker Resources is a mining exploration
company focused primarily on mining-friendly British Columbia and
Yukon Territory, Canada. Trailbreaker is committed to continuous
exploration and research, allowing maintenance of a portfolio of
quality mineral properties which in turn provides value for
shareholders. The company has an experienced management team with a
proven track record as explorers and developers throughout the
Yukon Territory, British Columbia, Alaska and Nevada.
ON BEHALF OF THE BOARD
Daithi Mac GearailtPresident 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.
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.
References1)
https://apps.nrs.gov.bc.ca/pub/aris/Report/32899.pdf/ 2)
https://apps.nrs.gov.bc.ca/pub/aris/Report/35992.pdf/
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.
TRAILBREAKER
RESOURCES LTD.650 W. Georgia Street, #2110Vancouver, British
ColumbiaCanada, V6B 4N9 |
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Telephone: Facsimile:
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604 681 1820604 681 1864 |
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https://www.TrailbreakerResources.comhttps://twitter.com/TrailbreakerLtd.
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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