Trailbreaker Resources Mobilizes to Golden Sable Property, South-Central BC
July 11 2023 - 7:45AM
Trailbreaker Resources Ltd. (TBK.V)
(“Trailbreaker” or “the Company”) is pleased to announce that it
has mobilized to the Golden Sable property in south-central British
Columbia (BC) for its 2023 surficial exploration program. Efforts
will be focused on extending the known 3-kilometre-long
gold-in-soil anomaly that remains open to the southeast (see Figure
1 and May 29, 2023 news release).
The 2,568-hectare Golden Sable property is
located 75 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. Golden Sable comprises two claim blocks, the
Golden Sable (GS) East and GS West blocks, which are spaced 1.7
kilometres apart. The blocks are separated by ground held by a
third party (see Figure 2).
The Golden Sable property covers 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 Nicola Group
volcanics and sedimentary rocks comprise the majority of the
underlying bedrock geology. The property also straddles the margins
of a large, early Jurassic hornblende-biotite granodiorite pluton
with prevalent younger mafic and andesitic dikes.
From 2006 to 2013 Amarc Resources delineated the
3-kilometre-long soil anomaly on the GS West block, which was
subsequently drill tested by Sable Resources in 2018.
The inaugural, 1,339-metre drill program
conducted by Sable Resources on the GS West block encountered gold
mineralization in 5 of 7 drill holes. Results include an
intersection of 0.83 g/t gold over 24.0m, including 2.4 g/t gold
over 4.0m. Gold mineralization was found to be associated with
mafic and intermediate dike swarms trending northwest – southeast
along the granitic contacts.
No follow-up drilling has been conducted to
date, and the majority of the gold-in-soil anomaly remains
untested. The recent construction of both firebreak and
logging road networks since the 2018 drilling has exposed a
significant amount of bedrock. The 2023 exploration program will
also include channel sampling on newly exposed outcrops where
warranted, geological mapping, and prospecting.
Figure 1: Geochemistry of the Golden Sable West
block.
Figure 2: Location of the Golden Sable
property.
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.
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.
Trailbreaker Resources (TSXV:TBK)
Historical Stock Chart
From Nov 2024 to Dec 2024
Trailbreaker Resources (TSXV:TBK)
Historical Stock Chart
From Dec 2023 to Dec 2024