Trailbreaker Resources identifies 850 x 700 meters
VANCOUVER, British Columbia, Sept. 06, 2022 (GLOBE NEWSWIRE) — Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to report the completion and results of its Phase 1 exploration program on the Eagle Lake property in south-central British Columbia (British Columbia) .
The program included prospecting, geological reconnaissance mapping and a Mobile Metal Ion (MMI) soil geochemical survey of 432 samples covering an area of 3 x 3.5 kilometers.
The MMI survey was designed to cover historic drill showings which include a drill intersection of 3.52 g/t Au over 9.9 meters (drill hole MOF-5 from 2011). The survey identified an 850 x 700 meter Au-Cu-Ag-Mo (gold-copper-silver-molybdenum) anomaly that occurs on MOF-5 and extends east and north in an area where it there is no documented historic drilling (see MMI Soil Anomaly Map).
During the 2022 program, the exploration team located historic drill core from the 2011 drill campaign and were able to review and re-record the gold and copper mineralized intersections. Significant amounts of hydrothermal breccias, quartz-carbonate-potassium feldspar veins and fault gouge were observed in the gold-bearing interval of MOF-5 which begins at 253 meters depth. Trailbreaker geologists have determined that these features are representative of a regional-scale fault structure that parallels the northwest-trending geologic contact between the Late Triassic Copper Mountain Plutonic Suite and the Early Jurassic Takomkane Batholith. . The MMI ground anomaly occurs along this contact.
To further investigate the surficial expression of the gold-bearing fault zone observed in the deep drill core, a large-scale induced polarization (IP) survey is recommended for the MMI 2022 ground survey area, as well as a MMI soil sampling further east. and north. Permits to carry out geophysical surveys as well as drilling at Eagle Lake have been applied for.
Daithi Mac Gearailt, CEO of Trailbreaker, commented“Before Trailbreaker generated this target and consolidated all of the land, these historical drill intercepts had not yet been followed. We have now confirmed a large multi-element soil anomaly at the location of the higher grade intersections from previous drilling. Very little historical exploration has been done in this area, and given that the Woodjam copper-gold project lies just to the northwest, we see great upside potential here.
Above: Multi-element MMI soil anomaly identified at Eagle Lake.
About the Eagle Lake Property
Located 55 km east of Williams Lake, British Columbia, the Eagle Lake property was recently generated by Trailbreaker under an agreement with Teck Resources Limited combined with additional claim staking (see press release from press of May 18, 2022). The property covers 18,990 hectares accessible by an extensive network of well-maintained forest service roads. It is located directly adjacent to Consolidated Woodjam Copper Corp.’s Woodjam Cu-Au (copper-gold) porphyry project, which contains an inferred resource of 1.7 billion pounds of copper and 968,100 ounces of gold (see geological map, location map and overview map) .
The Trailbreaker claims are located in the Quesnel Terrane which hosts many of British Columbia’s bulk tonnage copper-gold porphyry deposits. These include New Gold’s Afton mine, Imperial Metals’ Mount Polley mine, Taseko’s Gibraltar mine, and Centerra Gold’s Mount Milligan and Kemess mines. The Quesnel terrane is also home to numerous advanced stage gold projects, such as the Spanish Mountain gold project (measured and indicated resources of >4.5 M oz Au) located 45 km north of Eagle Lake, and the auriferous FG of Karus Gold, located 35 km to the east.
Limited historical exploration results from the Eagle Lake property include a drill intersection of 3.52 g/t Au over 9.9 meters as well as numerous low grade copper intersections. A regional-scale till sampling program performed in 2019 demonstrated that anomalous gold-in-till values were returned from the southern portion of the Eagle Lake property hosting this drillhole.
Trailbreaker’s 2022 MMI Soil Survey was designed to cover the area of this drillhole and beyond, to potentially identify anomalous gold and copper patterns in the ground that may have been overlooked in the past. Unlike conventional soil geochemical surveys, MMI analysis measures metal ions that rise from bedrock and accumulate in the surface soil. This method is designed to potentially detect deeply buried mineralization and provide more focused targets for potential future drilling programs.
“While the results of the 2022 program are very exciting, we still have a tremendous amount of relatively uncharted ground to cover. The team and I will carefully plan the next steps at Eagle Lake in the months ahead.
ON BEHALF OF COUNCIL
Daithi Mac Gearailt
President and CEO
Carl Schulze, P. Geo., Consulting Geologist with Aurora Geosciences Ltd, is a Qualified Person as defined by NI 43-101 for Trailbreaker Exploration Projects in British Columbia and the Yukon, and has reviewed and approved the technical information contained in this press release.
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Statements contained in this press 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 laws and the Private United States Securities Litigation. Reform Act of 1995. Forward-looking information includes, but is not limited to, disclosure of possible events, conditions or financial performance that is based on assumptions about future economic conditions and plans of action; expectations regarding future exploration and drilling programs and the receipt of related permits. In some instances, forward-looking information can be identified by the use of words and phrases such as “anticipates”, “expects”, “includes”, “agreed” or variations of such words and phrases or statements that certain actions, events or results “would occur”, “occur”, or “would be achieved”. Although Trailbreaker has attempted to identify important factors that could affect Trailbreaker and cause actual actions, events or results to differ materially from those described in the forward-looking information, there may be other factors that may prevent actions, events or results from being as intended. , estimated or predicted. In making the forward-looking statements contained in this press release, if any, Trailbreaker has applied several important assumptions, including the assumption that general business and economic conditions will not change adversely. 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 undertakes no obligation to publicly release any revisions to the forward-looking information contained in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events.