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Trailbreaker Resources Ltd. (TBK.V) ("Trailbreaker" or "the Company") is pleased to announce that it has acquired the 2,568-hectare Golden Sable property in south-central British Columbia (BC).
The Golden Sable property is located 175 km northeast of Kamloops, BC and 20 km south of Bridge Lake, BC. It is easily accessible via Highway 24 and the Bonaparte forest service road. The property was acquired through an option agreement with Cordilleran Properties and further expanded by Trailbreaker via additional staking.
The Golden Sable property is an intrusion-related gold target. The claims lie within the Quesnel tectonic terrane that hosts many of British Columbia's active and past-producing gold mines. Middle to Upper Triassic volcanics and sedimentary rocks of the Nicola Group underlie the claim blocks. The property straddles the margins of a large early Jurassic hornblende-biotite granodiorite pluton with prevalent younger mafic and andesite dikes.
Historic exploration by Amarc Resources from 2006 to 2013 outlined a 3-kilometre-long gold-in-soil anomaly that remains open to southeast.
An inaugural, 1,339-metre drill program conducted by Sable Resources during 2018 encountered gold mineralization in 5 of 7 blind drill holes testing the soil anomaly. Results include an intersection of 0.83 g/t gold over 24m including 2.4 g/t gold over 4m. Gold mineralization was found to be associated with mafic and intermediate dike swarms trending northwest – southeast along the granitic contacts (see Figure 1 below).
No follow-up drilling has been conducted to date and the majority of the 3-kilometre-long gold-in-soil anomaly remains untested. The recent construction of both wildfire and logging road networks since the 2018 drilling has exposed a significant amount of bedrock.
Trailbreaker is currently planning a 2023 Phase 1 surficial exploration program. The program will include channel sampling on the newly exposed outcrops, geological mapping, prospecting, and soil sampling to expand the soil anomaly to the southeast.
Figure 1: Location and highlights of the Golden Sable property.
Message from the President
"We are very excited to add the Golden Sable property to Trailbreaker's portfolio. This is an excellent greenfields gold target with great potential for expansion. In addition to confirming historic results and first pass exploration, the team will focus on planning a Phase 2 drill program while they are on site."
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
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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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/03b6786f-c098-4029-9a01-6cdcdaf1e222
