Trailbreaker Resources Ltd. (TBK.V)
(“Trailbreaker” or “the Company”) is pleased to announce that
recent surface sampling at the Watchtower zone has outlined a
continuous gold (Au)-in-soil anomaly covering a 350 m by 200 m
area. The zone trends northwest-southeast along a more extensive 3
km long gold-in-soil trend. Rock sampling from this zone returned
assay values up to
2.19 g/t Au, 0.54% copper
(Cu), and 6.2 g/t silver (Ag) from an outcrop with a
‘wormy’ quartz vein stockwork. The ‘wormy’ vein texture indicates a
ductile deformational environment, with emplacement of quartz
veining under high-temperature conditions, potentially in proximity
to an intrusive body.
Surface sampling was conducted at the Castle
Rock property, northern Vancouver Island, British Columbia (BC) as
follow-up exploration based on 2023 results. A total of 339 soil
and 72 rock samples were collected across the property.
Trailbreaker has now applied for an advanced exploration permit at
Castle Rock.
The Watchtower zone was discovered in 2023
through systematic soil sampling. Follow-up sampling in 2024 shows
the potential scale of this zone. The Watchtower soil anomaly is
oblique to the Heart zone and may interconnect at the southern
extents of these anomalies. Mineralization at the Heart zone is
hosted by Jurassic granodiorite dykes emplaced along a
regional-scale structure. The Watchtower zone may represent a
buried intrusive center similar to the Heart zone.
Infill soil sampling at the Kokummi zone,
southeast of the Heart zone, indicates continuity of the Au-in-soil
trend over an 850 m strike extent with a 250 m width. The Kokummi
zone occurs along a north-northwest striking fault near its contact
with the Kokummi stock. ‘Wormy’ quartz veining with potassic
alteration selvages occur in this zone, together with anomalous Cu
values from rock sampling, indicating that a potential buried
intrusion may be the source of the Au-in-soil anomaly.
First-pass prospecting was conducted at the
Moakwa zone, on the eastern side of Castle Rock property, where
elevated Au values from moss-mat sampling were returned in 2023.
Numerous rock samples were taken over an 800 m strike extent,
returning anomalous Cu assays up to 0.282%.
Anomalous copper-in-rock values at the Moakwa zone indicate
potential for further mineralization at the Castle Rock
property.
Message from the President
“The work at the Castle Rock property continues
to show potential for multiple zones of mineralization across the
property. In particular, the robust soil anomaly outlined at the
Watchtower zone indicates that two potential zones, the Heart and
Watchtower zones, may occur subparallel and in close proximity to
one another.” – Daithi Mac Gearailt
Figure 1: Au-in-soil anomaly and 2024
rock sample results at the Watchtower and Heart zones.
Figure 2: Examples of 'wormy' quartz
veins. Left: from the Watchtower zone (sample ID: 3871962), which
assayed 2.19 g/t Au, 0.54% Cu, and 6.2 g/t Ag. Right: from the
Kokummi zone (sample ID: 3871973) displaying potassic alteration on
selvages and strong quartz-sericite alteration of the rock
groundmass and assay results of 0.07% Cu.
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. 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 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.
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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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.
Photos accompanying this announcement are available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/2b3631ae-00dd-4e72-9873-72045ffd70f7https://www.globenewswire.com/NewsRoom/AttachmentNg/5db7c1a4-9d80-4c6a-96c8-93b3806ed57d
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