VANCOUVER, British Columbia, June 08, 2022 (GLOBE NEWSWIRE) -- Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the completion of its Phase 1 exploration program at their Eakin Creek property in south-central British Columbia (BC). The program was designed to evaluate the known gold showings and to help in de-risking potential future drill programs. Phase 1 consisted of an induced polarization (IP) and resistivity survey, a mobile metal ion (MMI) soil geochemical survey, prospecting and geological reconnaissance.
Details of the Phase 1 program (Results pending)
- 11 line-kilometers of deep-penetrating IP and resistivity surveying
- 90 prospecting grab samples
- 301 soil samples undergoing MMI analysis, covering a 1.8 x 1.4-kilometre area
About Eakin Creek
The Eakin Creek property lies in an underexplored portion of the Quesnel tectonic terrane that hosts many of BC’s producing copper and gold mines, such as the New Afton, Ajax, Mt Polley, Highland Valley, and Copper Mountain mines. The Eakin Creek property was acquired in March, 2022 and is 100% owned by Trailbreaker with no underlying royalties or payments. It is located 100 kilometres north of Kamloops, BC and can be accessed via Highway 24 and by well-maintained forest service roads (see Location Map). The property covers 1,610 hectares (ha) of prospective ground within the watershed of placer gold-bearing Eakin Creek.
Trailbreaker’s exploration approach
The Eakin Creek claims are host to some of BC’s highest gold grain-count values from government-collected till samples, and includes indicators for potential porphyry-style copper-gold (Cu-Au) mineralization. Historic grab samples from float rock sampling have assayed as high as 2.60 oz/ton (89 g/t) gold (Au). While there is very limited outcrop on the property, historic sampling on a highway-exposed outcrop has returned a 3.0-metre chip sample interval grading 3.15 g/t Au, within a 14.0-metre interval grading 0.9 g/t Au.
To aid in locating the source of these till and float rock samples, Trailbreaker has decided to employ MMI (mobile metal ion) technology. Unlike conventional soil geochemical surveys, MMI analysis measures metal ions that travel upward from the bedrock and accumulate in the surface soil, allowing this method to detect deeply buried mineralization and to provide more focused anomalies.
To compliment the surface geochemical program, Trailbreaker has also conducted an induced polarization (IP) and resistivity survey. IP surveys are adept at locating chargeability anomalies that may represent zones of disseminated sulphides, which may be associated with gold mineralization. Phase 1 prospecting was successful in locating multiple historic sampling sites and will aid in confirming values obtained by historic sampling. Prospecting near the limited outcrop exposures on the property confirmed the presence of sheeted pyrite-bearing quartz veins within an altered diorite unit.
Trailbreaker intends to use the results of these surveys to further define drill targets in an area largely covered by glacial till.
For more details and maps on Eakin Creek see the dedicated section on Trailbreaker’s website.
Message from the President
“I am very pleased with the progress the exploration team has made in two short weeks at the Eakin Creek property. This work will be essential to determine targets for potential follow-up drilling at Eakin Creek. Stay tuned for further updates as we await assay results and the compilation of the geophysical data.”
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President 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.
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.
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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.
