Trailbreaker Receives Approval for Eagle Lake Property Acquisition
19 Julio 2022 - 6:45AM
Trailbreaker Resources Ltd. (TBK.V)
(“Trailbreaker” or “the Company”) is pleased to announce that
acquisition of the Eagle Lake property has now been approved by the
TSX Venture Exchange.
In May, 2022 Trailbreaker announced the
acquisition of their 100%-owned Eagle Lake property in
south-central BC, Subject to approval (see May 18th, 2022 news
release).
The Eagle Lake property covers 18,990 hectares
of prospective ground directly adjacent to Consolidated Woodjam
Copper Corp.’s Woodjam copper-gold porphyry project.
In addition to staking, acquisition of the
property involved the sale of claims held by Teck Resources Limited
(“Teck”) to Trailbreaker. The sale was subject to the following
terms:
- Trailbreaker shall
issue 125,000 common shares within 7 business days of receipt of
TSX Venture Exchange approval. Concurrent with the share issuance,
Teck will transfer the title of the Property to Trailbreaker
- Teck shall retain a
1% NSR on the Property.
Daithi Mac Gearailt, CEO of Trailbreaker,
commented, “Trailbreaker has managed to put together an amazing
portfolio of 100% owned projects with huge potential. Our projects
range from brand-new high-grade gold discoveries to copper porphyry
prospects, many with excellent infrastructure and proximity to
existing mines. All properties are located in mining-friendly
British Columbia and the Yukon.”
Qualified Person
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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