Trailbreaker Resources Ltd. (TBK.V)
(“Trailbreaker” or “the Company”) is pleased to announce the
results from surface sampling at the Liberty Property, central
British Columbia (BC). Soil sampling defined a property-scale (~10
km in length and up to 1.8 km wide) arc shaped, copper (Cu)-in-soil
anomaly (Figure 1). Prospecting near the southwestern extent of the
soil anomaly resulted in rock samples assaying up to
15.62%
Cu (float grab sample) and
23.71% Cu
(subcrop grab sample)
. A continuous chip sample
near these rock samples assayed
2.15% Cu over 3.0
m.
Subsequent to completion of the surface program,
additional claims totalling 1,841 hectors were staked to the
southwest to cover the open-ended soil anomaly and the strike
extent of the high-grade copper mineralization. Results from this
surface program are being utilized in the preparation and design of
a new area-based permit application for Liberty, which will allow
for advanced exploration beyond the limited area drilled in the
spring.
Message from the President
“This surface program has demonstrated that
there is a very large area of prospective geological setting at
Liberty. It is clear that the drilling conducted in the spring
tested only a small area within this large anomaly. High grade
copper values from sampling provide further evidence of the
potential for high-grade zones within the mineralized system.
Results to date at Liberty show many similarities to early
exploration results at the Gibraltar Mine, where a large low-grade
copper – molybdenum (Cu-Mo) system is accentuated by zones of
high-grade Cu-Mo mineralization.” -Daithi Mac Gearailt
High-Grade Copper
Prospecting in the southwestern portion of the
property returned numerous rock samples with >1% Cu. including
23.71% Cu from a malachite vein striking 140° - 320° (Figure 2).
This area displays iron-carbonate, talc, and actinolite alteration
along the contact between ultramafic rocks to the northeast and an
argillite unit to the southwest. This contact was also identified
in outcrop 900 m to the northwest, with similar iron-carbonate
alteration and elevated Cu values (up to 0.23% Cu in float around
the contact). The Cu-in-soil anomaly is particularly strong along
this contact and extends to the northeast, with an average width of
1.8 km.
The malachite mineralization in the southwest
Liberty property area shares similarities with the highest-grade
mineralization encountered from the Spring, 2024 drilling which
returned 34.2 m* of 0.47% Copper Equivalent** (CuEq), including 5.9
m of 2.02% CuEq, in hole LIB24-003. The high-grade mineralization
in LIB24-003 is located along the contact of a granodiorite
intrusion with ultramafic rocks. This high-grade interval is part
of a wider interval of mineralized granodiorite (194.3 m of 0.16%
CuEq). In the southwestern area, where the high-grade malachite was
sampled, mineralization also occurs along the contact of ultramafic
rocks with the argillite unit, which display similar
iron-carbonate, talc and actinolite alteration. This near-surface
high-grade mineralization may be associated with a mineralized
intrusion, similar to that encountered in drilling.
Figure 1: Contoured Cu-in-soil data
across the Liberty property, highlighting the extensive property
scale area of high mineral potential. High-grade Cu-bearing grab
and chip samples in the southwestern area occur along a structural
break (dashed lines are inferred faults are based on regional
magnetic data) between ultramafic rocks to the northeast and
argillites to the southwest. Wetland conditions defined by areas of
deeper organic material and of high, near-surface groundwater
content are outlined in the central and northern portions of the
surveyed area. These soil conditions may result in locally subdued
geochemical responses.
* Reported widths are drill width. Not enough
geological information exists at this point to define true width.
However, vein- hosted copper and molybdenum mineralization commonly
occurs at high angles to core axis.** Copper Equivalent formula
used is:CuEq = Cu grade in % + (Mo grade in % *
(Mo recovery/Cu recovery) *
(Mo price/lb*2200 lb) / (Cu price /lb*2200 lb) using
copper price of US$3.75/lb and molybdenum price of US$25/lb. 100%
metallurgical recoveries are assumed for both metals.
Figure 2: Photos of malachite
mineralization along the contact between argillites and ultramafic
rocks. Left: Grab sample from subcrop 1879956 assayed 23.71% Cu.
Right: Grab sample from float 3831604 (~60 m southeast of sample
1879956) assayed 15.62% Cu.
Surface Sampling Program
Soil sampling and prospecting were designed to
cover prospective geological and regional structural settings
across the entire property. A total of 1,601 soil samples and 47
rock samples were collected. Cu-in-soil values are anomalous
through an arcuate zone that transects the center of the property.
This zone extends northeast for 4.1 km (~1.8 km width) from the
southwestern limit of sampling to the centre of the property. From
there, it extends northwest for an additional 6.3 km (~1.0 km
width) to the northern property boundary.
This extensive Cu-in-soil is locally coincident
with anomalous gold (Au), silver (Ag), molybdenum (Mo), and arsenic
(As) values, defining more constrained multi-element soil
anomalies. The most significant of these occur in the southwestern
area, the area of Spring, 2024 drilling, and the northern area. The
multi-element anomalies align well with the highest Cu-in-soil
anomalies.
Two areas within the soil survey are marked by
wetland conditions, with deeper organic horizons and shallow
groundwater levels with water-saturated soil. These areas may cause
a subdued geochemical response in soil, as the soil development has
occurred in a different environment than elsewhere on the property.
They are outlined in Figure 1, and occur in the central and
northern boundary areas of the property.
Liberty Property
Description
The 6,895-hectare Liberty Property is located
approximately 60 km northwest of Quesnel, BC. The property is fully
accessible by resource roads.
Drilling at Liberty has encountered widespread
Cu-Mo porphyry-style mineralization at the northeastern margin of a
large Cu-in-soil geochemical anomaly. Mineralization is coincident
with an Induced Polarization (IP) chargeability feature. However,
historic IP surveying covered only a small portion of the much
larger geochemical anomaly. Highlights of drill results include:
34.2 m of 0.47% CuEq, including 5.9 m of 2.02% CuEq in
LIB24-003; 13.5 m of 0.33% CuEq, including 6.6 m of 0.67% CuEq in
LIB24-001; and 6.0 m of 0.45% CuEq and 2.3 m of 0.36% CuEq in
LIB24-004.
Prospecting within the southwestern portion of
the property-scale geochemical anomaly has defined an area of
high-grade copper mineralization, with grab samples assaying up to
23.71% Cu.
For more information on this target see the
Liberty Project webpage.
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.
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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.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e8378c53-1185-41f9-9c58-7b98e593bc25
https://www.globenewswire.com/NewsRoom/AttachmentNg/f8bc72b0-f54a-4c57-8f69-9aa7928e1415
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