Trailbreaker Resources Completes Phase 1 Geophysical and Geochemical Surveys at Its Eakin Creek Property in South-Central BC
08 Junio 2022 - 6:45AM
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 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.
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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