Trailbreaker Completes Inaugural Diamond Drill Program at the Liberty Copper Property
June 10 2024 - 7:45AM
Trailbreaker Resources Ltd. (TBK.V)
(“Trailbreaker” or “the Company”) is pleased to announce the
completion of our first-pass diamond drill program focusing on the
copper-molybdenum (Cu-Mo) porphyry target at its 100% owned Liberty
property in central British Columbia (BC).
The program comprised 2,442 m of diamond
drilling in seven holes, ranging from 183 m to 505 m of depth (see
Table 1 for collar info and Figure 1 for drill plan map).
Permitting conditions constrained drilling to existing areas of
disturbance over the target. Drill core is being logged, sampled,
and prepared for analysis.
The drill program was focused on testing a
copper-molybdenum ± gold ± silver (Cu-Mo ± Au ± Ag) geochemical
soil anomaly1 coincident with an induced polarization (IP)
chargeability and resistivity anomaly. A historic drillhole by Rio
Tinto returned an interval of 123.1 m grading 0.11% Cu and 0.04%
MoS21 from surface to end of hole. This hole is located
approximately 300 m directly south of the geophysical and
geochemical targets that were the focus of the 2024 drill program.
The historic drill hole is interpreted by the company as collared
at the margin of a mineralized porphyry body. Reprocessing and 3D
inversion imaging of the historic IP data were completed earlier
this year and were heavily utilized in the drill planning
process.
Soil Sample Orientation
Survey
A soil sample orientation survey was conducted
over the historic Mobile Metal Ion (MMI) soil anomaly. Soil
material was collected for field-based portable X-ray florescence
(pXRF) and traditional ICP-MS analysis with aqua regia digestion. A
second sample was collected at each site for MMI analysis. The
purpose of this orientation survey is to determine the most
efficient and effective sampling and analysis method for additional
surficial exploration.
Message from the President
“This was a well-executed drill program that
provided great coverage of our target area while maintaining a
low-impact environmental footprint. The drill program exceeded the
planned meterage and stayed under budget. I would like to thank our
drill contractor, Dorado Drilling, for helping achieve our goals at
the Liberty property.” -Daithi Mac Gearailt
Table 1: Drill collar details for the
2024 program
Hole ID |
Easting |
Northing |
Elevation (m) |
Azimuth |
Dip |
Depth (m) |
LIB24-001 |
473385 |
5895340 |
1051 |
90 |
-60 |
462.00 |
LIB24-002 |
473372 |
5895340 |
1052 |
274 |
-61 |
183.00 |
LIB24-003 |
473302 |
5895399 |
1049 |
90 |
-60 |
455.00 |
LIB24-004 |
473373 |
5895344 |
1051 |
145 |
-55 |
505.00 |
LIB24-005 |
473406 |
5895519 |
1076 |
270 |
-60 |
252.00 |
LIB24-006 |
473406 |
5895519 |
1076 |
90 |
-50 |
252.00 |
LIB24-007 |
473409 |
5895517 |
1076 |
270 |
-80 |
333.00 |
Figure 1: Plan map of the 2024 drill
program
Liberty Property
Description
The 5,054-hectare Liberty Property is located
approximately 60 km northwest of Quesnel, BC. The property is fully
accessible by resource roads.
The primary target of the Liberty project is a
northwest-trending Cu-Mo ± Au ± Ag MMI soil anomaly1. This overlaps
an IP chargeability1 feature on the margin of the granitic
intrusion. A historic drill hole to the south of this coincident
anomaly returned an interval of 123.1 m of 0.11% Cu and 0.04%
MoS21. For more information on this target see our news release
dated January 22, 2024 and the Liberty Project webpage.
In addition to the Cu-Mo porphyry target and the
Cu-skarn target, which returned assay values of >8.0% Cu from
historic trenching2, the expanded property also covers an
epithermal gold target, where epithermal vein textures have been
observed in a road cut2. Nearby soil and test pit samples returned
anomalous grades of gold and arsenic2. These may represent a
lower-temperature epithermal portion of the hydrothermal
system.
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.
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.
References1)
https://apps.nrs.gov.bc.ca/pub/aris/Report/32899.pdf/ 2)
https://apps.nrs.gov.bc.ca/pub/aris/Report/35992.pdf/
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/36d39e39-16ce-4161-822f-d79dec27a181
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