Trailbreaker Resources Ltd. (TBK.V)
(“Trailbreaker” or “the Company”) is pleased to announce the
commencement of the 2024 surficial exploration program at our
Castle Rock property on northern Vancouver Island, British Columbia
(BC).
The program will consist of follow-up
exploration on the results obtained during 2023 (see Figure 1
below, and November 27th, 2023 news release) as well as
reconnaissance exploration on unexplored ground.
Figure 1: Areas of focus for the 2024
exploration program. Soil geochemical anomalies and highlighted
rock samples from the 2023 surface sampling program are overlain on
geological and structural interpretations of the regional airborne
magnetic survey. Sampling defined a 3 km gold-in-soil trend which
includes the Heart, Watchtower, and Kokummi zones. The 2024
exploration program will follow up on results at the newly
discovered Watchtower and Kokummi zones, the historic Flan zone,
and will investigate unexplored ground along trend to the
northwest.
During 2023, a 3 km gold-in-soil
geochemical anomaly was defined along a magnetic
lineament. This anomaly includes the Heart zone (historic chip
sample of 2.0 g/t Au [gold] over 30 metres1) as well as the newly
discovered Kokummi and Watchtower zones.
Interpretation of airborne magnetic data indicates that
mineralization is associated with northwest-trending structures
splaying off from the Kokummi granodioritic stock in the southwest
property area. This interpretation suggests that much of the
property with mineral potential has not yet been explored.
The 2024 exploration program will consist of
approximately 400 soil geochemical samples combined with
prospecting of the Watchtower and Kokummi zones, in an effort to
expand and define the geochemical signature.
Reconnaissance exploration will also be
conducted on unexplored ground along trend to the northwest, as
well as on the Flan zone. The Flan zone includes a historic showing
that has returned assays of up to 135 g/t Au in boulders2.
Exploration in 2023 confirmed high-grade gold mineralization, with
assays up to 42.1 g/t Au and 1.93% Cu (copper). As
well, basalt-hosted semi-massive pyrite-chalcopyrite-pyrrhotite
mineralization sampled in outcrop returned assays up to 3.1 g/t Au.
It is believed that this outcrop-hosted mineralization is
associated with the float samples, and that higher-grade material
is likely not exposed due to vegetation and/or till cover.
Message from the President
“The Castle Rock property represents an exciting
opportunity for new mineral discoveries in an area with little
historic exploration. We are eager to follow-up on the 2023 results
and to continue advancing the project. There’s a lot of unexplored
ground here with high potential for new discoveries.”
– Daithi Mac Gearailt
About the Castle Rock
property
The Castle Rock property covers 3,108 hectares
of land on northern Vancouver Island, approximately 70 km
northwest of Campbell River, BC. It was acquired by Trailbreaker in
2022 and consolidated through an option agreement (see August 8,
2023 news release). Trailbreaker conducted initial exploration
assessment work in 2022 and followed up with a second surface
exploration program in 2023.
The claims cover five BC Minfile occurrences
located along a district-scale structure that is >5 km-long,
with newly identified gold ± copper-enriched intrusions. These
Minfile occurrences represent relatively new discoveries, mostly
due to access created by recent logging activity.
Northern Vancouver Island is host to several
large Cu-Au porphyry deposits including Northisle Copper and Gold’s
Hushamu deposit (Inferred resource of 5.57 Moz AuEq)3, and BHP
Billiton’s past producing Island Copper porphyry copper deposit
(produced >2.7 B lb Cu and >1.0 Moz Au) 3.
At the Castle Rock property, gold is dominantly
hosted by Jurassic granodiorite dykes which have been emplaced
along a regional-scale fault zone separating Lower to Middle
Triassic Daonella Bed sedimentary rocks from Upper Triassic
Karmutsen Formation basalts.
About Trailbreaker
Resources
Trailbreaker Resources is a project generator
focused primarily on mining-friendly British Columbia and Yukon
Territory, Canada. We are committed to continuous exploration and
research, allowing us to maintain a portfolio of quality mineral
properties which in turn provides value for our shareholders. The
company has an experienced management team with a proven track
record as project generators 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://minfile.gov.bc.ca/Summary.aspx?minfilno=092L%20%203992)
https://minfile.gov.bc.ca/Summary.aspx?minfilno=092L%20%203963)
https://cmscontent.nrs.gov.bc.ca/geoscience/PublicationCatalogue/InformationCircular/BCGS_IC2014-04.pdf
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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.
A photo accompanying this announcement is available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/c58b6f3e-488f-4cfc-bd7d-30529e4867ba
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