Trailbreaker Resources Files NI 43-101 Report for Atsutla Gold Project, Northwestern BC
May 15 2023 - 7:45AM
Trailbreaker Resources Ltd. (TBK.V)
(“Trailbreaker” or “the Company”) is pleased to announce the filing
of an independent technical report in accordance with National
Instrument 43-101 – Standards of Disclosure for Mineral Projects
(“NI 43-101”) on its 100%-owned Atsutla Gold project, located in
northwestern British Columbia (BC).
The technical report, titled “NI 43-101
Technical Report, Atsutla Gold Project, NW British Columbia”, was
prepared by Terrane Geoscience of Fredericton, NB and has an
effective date of December 15th, 2022. The report is available on
SEDAR (www.sedar.com) under Trailbreaker’s issuer profile.
While no drilling has been conducted on the
property, the report details the surficial exploration work
Trailbreaker has completed to date. Terrane Geoscience also took
verification samples from numerous sites which confirmed the
general grade and metal assemblage described to date.
The report also includes recommendations for
future work, which echo the recommendations of the structural
report described in Trailbreaker’s Apr. 3rd, 2023 news release.
Recommended work totals an expenditure of $3.8 million.
About the Atsutla Gold
Project
Trailbreaker’s 100%-owned Atsutla Gold project
is located 70 km south of the Yukon-British Columbia border and 130
km northwest of the community of Dease Lake, BC. The project
covers 40,057 hectares of ground with
very limited historic exploration. The project represents a
district-scale discovery in an under-explored area of British
Columbia.
To date, Trailbreaker has identified five gold
zones at Atsutla: The Highlands, Christmas Creek, Snook, Willie
Jack, and Swan zones, which span a distance of 28 kilometres. The
highest grades occur at the Highlands zone, where grab samples have
returned values up to 630 g/t (18.38 oz/ton) gold
and 1,894 g/t (55.25 oz/ton) silver. High-grade,
vein- and wallrock-hosted copper mineralization has also been
discovered in the Highlands, Christmas Creek, and Willie Jack
zones, with grab sample assays up to 1.7%
copper. For more information and detailed maps, see the
Atsutla Gold Project section on Trailbreaker’s website.
Message from the President
“This is another milestone in the process of
advancing the Atsutla Gold project. As with the structural study,
Terrance Geoscience did a fantastic job and we are all excited to
see the Atsutla Gold project move up the ladder to a drill-ready
stage. We still have some work to do to de-risk the maiden drill
program and fund a future discovery. The 43-101 report provides a
clear blueprint on how to proceed and we are all working hard to
move the project to the next level.”
ON BEHALF OF THE BOARD
Daithi Mac GearailtPresident and Chief Executive Officer
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.
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