Trailbreaker Commences Drilling at the Liberty Copper Property, BC.
23 Aprile 2024 - 1:45PM
Trailbreaker Resources Ltd. (TBK.V)
(“Trailbreaker” or “the Company”) is pleased to announce that it
has commenced its 2024 drill program focussing on the
copper-molybdenum (Cu-Mo) porphyry target at its 100% owned Liberty
property in central British Columbia (BC). The program comprises up
to 2,000 m of diamond drilling, testing a Cu-Mo ± gold (Au) ±
silver (Ag) geochemical soil anomaly1 coincident with an induced
polarization (IP) chargeability and resistivity anomaly.
A historic drillhole by Rio Tinto returned an
interval of 123.1 m grading 0.11% Cu and 0.04% MoS21 from surface
to end of hole. This hole was located 300 m directly south of the
geophysical and geochemical targets now being tested. The historic
drill hole is interpreted by the company as collared at the margin
of a mineralized porphyry body. Reprocessing and 3D inversion
imaging of the historic IP data were completed earlier this year
and is being utilized in the drill targeting process.
Message from the President“We
are excited to start the season with the first drill program at
Liberty since the 1960s. Historic drill results from the only
drillhole to test the porphyry target provide a great anchor to our
exploration thesis and prove we are in a mineralized system. The
new geophysical and geochemical interpretations of the Cu-Mo system
have helped create strong drill targets and we look forward to
updating our shareholders as soon as we interpret the results.”
-Daithi Mac Gearailt
Liberty Property DescriptionThe
5,054-hectare 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 ± Au ± Ag Mobile Metal Ion (MMI) soil
anomaly1. This overlaps an 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 our 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 >8.0% 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.
Photo 1: Drill being aligned at hole 1 on the Liberty copper
property.
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.
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.
References1)
https://apps.nrs.gov.bc.ca/pub/aris/Report/32899.pdf/ 2)
https://apps.nrs.gov.bc.ca/pub/aris/Report/35992.pdf/
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/aa9dcbb6-8253-4ab6-91dd-d233e2bab623
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