Trailbreaker Resources Acquires Golden Sable Property, South-Central BC
May 29 2023 - 7:45AM
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.
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 GearailtPresident 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
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