Trailbreaker begins exploration at Atsutla

Jun 14, 2021

2021-06-14 10:39 ET – News Release

Mr. Daithi MacGearailt reports

TRAILBREAKER RESOURCES MOBILIZES ITS EXPLORATION TEAM TO THE ATSUTLA GOLD PROJECT, NORTHWESTERN BRITISH COLUMBIA

Trailbreaker Resources Ltd. has mobilized its exploration team to its 100-per-cent-owned Atsutla gold project, located in northwestern British Columbia.

This phase 1 program will involve reconnaissance and detailed geochemical soil sampling, prospecting, and geological mapping at both the Willie Jack and Swan properties, which comprise the Atsutla gold project. The company intends to thoroughly follow up on the high-grade discoveries made at Willie Jack in 2020 as well as explore newly staked ground. In addition to this, the team will re-examine the historic exploration and drilling done at the Swan property, with a renewed focus on gold mineralization.

The Atsutla gold project covers over 23,000 hectares and is located 70 kilometres south of the Yukon-British Columbia border and 130 kilometres northwest of the community of Dease Lake, B.C.

Willie Jack

In March of 2020, the Trailbreaker team generated the Willie Jack target and conducted a first-pass reconnaissance program. The program led to the discovery of widespread gold mineralization across six kilometres, with rock grab samples assaying up to 164 grams per tonne (g/t) (4.78 ounces per ton (oz/t)) gold (Au) and soil sample results exceeding 800 parts per billion (ppb) (0.8 g/t) Au (see the Willie Jack news release dated Oct. 19, 2020). Rock grab samples also returned assays up to 257 g/t silver (Ag) and 1.7 per cent copper (Cu). The mineralization discovered to date is related to the Mesozoic intrusive batholiths that comprise the Atsutla mountain range and shares characteristics of both Cu-Au porphyry-type and intrusion-related gold deposits.

Swan

Due to the success of the first-pass results at the Willie Jack property, Trailbreaker generated and staked the Swan property, which now covers over 13,000 hectares (see the Swan news release dated March 22, 2021). The Swan claims cover a historical molybdenum (Mo) porphyry prospect that was discovered in the late 1960s and periodically explored during the past 50 years. Despite more than 500 soil and rock surface samples and almost 1,000 metres of shallow diamond drilling, no geochemical analysis for gold was ever completed. Historical geological mapping and drill hole logs have shown a complex intrusive system with widespread quartz-feldspar porphyritic monzonite cut by a variety of felsic and mafic dikes.

Molybdenite-pyrite mineralization is closely associated with sheeted quartz veins, quartz stockwork and breccia zones. The historical drilling at Swan intersected broad, low-to-mid-grade molybdenite mineralization, returning up to 0.06 per cent molybdenum (Mo) over 73 metres, as well as several significant silver intercepts, including more than 26 g/t Ag over three metres.

Historical work also included a detailed soil geochemical survey completed in 2007, which outlined a large, open-ended copper-silver-arsenic (Cu-Ag-As) soil anomaly that lies outside of the drilled Mo prospect. Furthermore, a 1972 induced polarization (IP) survey outlined a chargeability anomaly that coincides with this soil anomaly and has been interpreted to potentially represent a pyrite halo above a buried porphyry system.

Trailbreaker’s team has concluded that the Swan and Willie Jack property areas were previously overlooked for gold potential, due to low gold prices at the time.

Message from the president, Daithi MacGearailt:

“The Trailbreaker team and myself are excited to get back into the field. After a winter of project planning, we are confident we will be able to expand upon our recent gold and copper discoveries, and also find new mineralization in this highly prospective area. Stay tuned for further news from Trailbreaker.”

Carl Schulze, PGeo, consulting geologist with Aurora Geosciences Ltd., is a qualified person as defined by National Instrument 43-101 for Trailbreaker’s B.C. and Yukon exploration projects, and has reviewed and approved the technical information in this news release.

We seek Safe Harbor.

https://www.trailbreakerresources.com/