Trailbreaker Resources Acquires Golden Sable Property, South-Central BC

Trailbreaker Resources Acquires Golden Sable Property, South-Central BC

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.

Location and highlights of the Golden Sable property.

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 .

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.

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


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

TBK:CA
The Conversation (0)
Trailbreaker Resources Receives Exploration Permit for Swan Target at Atsutla Gold Project

Trailbreaker Resources Receives Exploration Permit for Swan Target at Atsutla Gold Project

Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce it has received a multi-year area-based exploration permit for the Swan target at the Atsutla Gold Project in northern British Columbia (BC). The permit will allow Trailbreaker to conduct advanced exploration at the Swan target, including geophysical surveying and future diamond drilling, in order to better define the mineralization system.

Trailbreaker is currently planning its 2024 exploration activities for Swan, including an induced polarization (IP) survey covering a strong multi element geochemical anomaly coincident with argillic alteration. The survey is designed to identify any chargeability and resistivity features potentially associated with mineralized alteration zones. As porphyry deposits often form in clusters, additional surface exploration will be conducted concurrently with the IP program to continue exploring for new mineralized targets at the Atsutla Gold Project.

Keep reading...Show less
Trailbreaker Resources Reports Rock Samples Up to 42.1 g/t Au and 1.93% Cu and Expands Geochemical Trend to 3-Km at Castle Rock Property

Trailbreaker Resources Reports Rock Samples Up to 42.1 g/t Au and 1.93% Cu and Expands Geochemical Trend to 3-Km at Castle Rock Property

Trailbreaker Resources Ltd. (TBK.V) ("Trailbreaker" or "the Company") is pleased to report geochemical results from the 2023 surficial exploration program at their Castle Rock property on northern Vancouver Island, British Columbia (BC).

Highlights from the surficial exploration program include:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Trailbreaker Resources Provides Update on Company Activities

Trailbreaker Resources Provides Update on Company Activities

Trailbreaker Resources Ltd. (TBK.V) ("Trailbreaker" or "the Company") is pleased to provide a company update on exploration activities during the 2023 field season, and on our continued efforts to build shareholder value.

2023 was an active year for Trailbreaker, with work conducted across a wide array of our projects. Work included the filing of an NI 43-101 technical report on the Atsutla project, optioning out of a portion of the Eagle Lake property, drill testing on the Eakin Creek project, conducting surface exploration at the Golden Sable and Castle Rock projects, and conducting a site visit at the Sheldon project. As well, the technical team was bolstered by the appointment of a new position of Vice President of Exploration. Work towards permitting of projects in order to conduct drill testing is ongoing. As well, the technical team is actively engaged in conducting project generation to bring new highly prospective properties into the Trailbreaker portfolio. Trailbreaker intends to carry the momentum from this year's activities into 2024, and to continue to build on the 2023 exploration successes.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Trailbreaker Resources Completes Exploration Program at Castle Rock Property, Northern Vancouver Island

Trailbreaker Resources Completes Exploration Program at Castle Rock Property, Northern Vancouver Island

Trailbreaker Resources Ltd. (TBK.V) ("Trailbreaker" or "the Company") is pleased to announce that it has completed a surficial exploration program at its Castle Rock property on northern Vancouver Island, British Columbia (BC).

The program consisted of the collection of 497 soil samples, 50 prospecting grab samples, and geological mapping. It was primarily designed to follow up on the channel sample and associated 400 m x 50 m gold-in-soil anomaly defined as the Heart zone in 2022.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Trailbreaker Resources Extends Surficial Gold Signature at Golden Sable Property, South-Central BC

Trailbreaker Resources Extends Surficial Gold Signature at Golden Sable Property, South-Central BC

Trailbreaker Resources Ltd. (TBK.V) ("Trailbreaker" or "the Company") is pleased to announce results from its 2023 surficial exploration program at the Golden Sable property in south-central British Columbia (BC). Efforts were focused on investigating a historic 3-kilometre-long gold-in-soil anomaly. The program was successful in extending the anomaly a further 1 kilometre to the southeast, where it remains open.

Daithi Mac Gearailt, CEO of Trailbreaker, commented: "This was an excellent first-pass evaluation of a property with known gold mineralization. There is a very significant gold-in-soil trend here, with historic drilling to verify the presence of gold mineralization in bedrock."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Falcon Mobilizes Drill Crews At Great Burnt Copper Project In Central Newfoundland

Falcon Mobilizes Drill Crews At Great Burnt Copper Project In Central Newfoundland

Falcon Gold Corp. (TSXV:FG)(GR:3FA)(OTCQB:FGLDF) ("Falcon" or the "Company") is pleased to report drill crews and equipment are now being mobilized to our Great Burnt Copper Project (the "Property") located in Central Newfoundland. The Company previously encountered delays earlier this spring due to high water levels in accessing the Property. The Company has now completed 3 km of additional road to the drill site from the government access road which we share with Benton Resources

Karim Rayani, Chief Executive Officer and director stated: "We are very excited to have mobilized drill crews and equipment for inaugural drill campaign at our Great Burnt Project. Falcon is perfectly situated in what is shaping up to be Newfoundland's highest-grade copper district. Drilling is set for testing up to ten geophysical anomalies initially with 1100 metres of drilling. An application for a secondary permit for an additional 2000m to 3000m is now ongoing."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
World Copper Provides Project Updates and Announces an Updated Resource Estimate for the Zonia Project

World Copper Provides Project Updates and Announces an Updated Resource Estimate for the Zonia Project

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") announces, project updates.

Zonia

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Awalé Hits Multiple High-Grade Intercepts, including 3.3 g/t Gold Eq. over 35 Metres at the BBM Zone, Odienné Project

Awalé Hits Multiple High-Grade Intercepts, including 3.3 g/t Gold Eq. over 35 Metres at the BBM Zone, Odienné Project

HIGHLIGHTS

  • 35m @ 3.3 g/t gold equivalent (Au Eq.) and 17m @ 2.4 g/t Au Eq. in OEDD-89
  • 52m @ 2.0 g/t Au Eq. in OEDD-90
  • 32m @ 2.1 g/t Au Eq. in OEDD-92
  • BBM's strike length expanded from around 400 to over 600 metres, with mineralization defined from surface to 250 metres depth with true widths of up to 50 metres.
  • Assay results are pending for 6 more holes from this drill program, from both BBM and Charger.
  • Awalé will start a new 8,000-metre drill program, fully-funded by Newmont, in Q4/2024.

Awalé Resources Limited. (TSXV: ARIC) ("Awalé" or the "Company") is pleased to announce partial results of a follow-up drilling program from the BBM Zone at the Odienné Project in Côte d'Ivoire.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Forte Minerals Engages Stockworks Agency as Investor Relations Consultant to Enhance Communications

Forte Minerals Engages Stockworks Agency as Investor Relations Consultant to Enhance Communications

Forte Minerals Corp. ("Forte" or the "Company") (CSE:CUAU)(OTCQB:FOMNF)(Frankfurt:2OA) is pleased to announce its strategic engagement with Stockworks Agency Inc. ("Stockworks") as an investor relations consultant to provide communications and investor relations services for the Company, effective September 1, 2024, in accordance with Canadian Securities Exchange ("CSE") policies

Stockworks, renowned for its proven track record in investor engagement, will work closely with Forte Minerals Corp. to develop and implement robust communication strategies. These efforts will increase awareness and educate investors on Forte's ongoing projects and growth potential. As part of this strategic collaboration, Glen Watson from Stockworks will work closely with Anna Dalaire, Forte's VP of Corporate Development, ensuring alignment and maximizing the impact of the company's investor relations and communication initiatives.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Chile Day Paris

Chile Day Paris

Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to announce that its CEO, Santiago Montt, has been invited by the Government of Chile to participate today as a panelist at the Chile Day Paris.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Questcorp Signs Letter of Intent to Acquire Interest in La Union Project, Sonora, Mexico

Questcorp Signs Letter of Intent to Acquire Interest in La Union Project, Sonora, Mexico

Questcorp Mining Inc. (CSE: QQQ) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce that it has entered into a letter of intent (the "Letter of Intent"), dated effective September 4, 2024, with Riverside Resources Inc. (TSXV: RRI) ("Riverside"), an arms-length party, whereby the Company will be granted an option (the "Transaction") to acquire a one-hundred percent (100%) interest in the La Union project (the "Project") located in Sonora, Mexico.

In accordance with the terms of the Transaction, the Company can acquire a one-hundred percent (100%) interest in the Project in consideration for completion of a series of cash payments totaling $100,000, the issuance of 19.9% of the outstanding common shares of the Company, and the incurrence of no less than $5,500,000 of exploration expenditures on the Project, as follows:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×