Trailbreaker Resources Acquires the Eakin Creek Property IN South-Central BC, Provides Corporate Update
TRAILBREAKER RESOURCES ACQUIRES THE EAKIN CREEK PROPERTY IN SOUTH-CENTRAL BC,
PROVIDES CORPORATE UPDATE
March 30, 2022 – Trailbreaker Resources Ltd. ( TBK.V) (“Trailbreaker” or “the Company” ) is pleased to
announce the acquisition of the Eakin Creek property in south-central British Columbia (BC) , and to
provide a corporate upda te o n the upcoming exploration plans for the ir Atsutla Gold project in
northwestern BC.
Highlights of the new Eakin Creek property
• Located 100 km north of Kamloops , and road accessible via Highway 24 and well -maintained
forestry roads
• Acquired by staking and the amalgamation of historical claims and showings
• 100%-owned by Trailbreaker Resources with no underlying payments or royalties
• Covers 1,610 hectares of prospective ground that drains into placer gold-bearing Eakin Creek
• Lies within an underexplored portion of the Quesnel tectonic terrane that hosts many of BC’s
producing copper and gold mines
• Property covers some of BC’s highest gold grain -count value s from government -collected till
samples, and includes indicators for copper-gold (Cu-Au) porphyry deposit potential
• Has a history of placer gold production
• Hosts a robust gold-in-soil anomaly with 58 samples containing greater than 100 ppb Au, up to a
maximum of 2,600 ppb (2.6 g/t) Au
• Historic high-grade grab samples assay up to 2.60 oz/ton (89 g/t) Au
• Limited outcrop sampling to date 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
• No drilling has ever been conducted on the property
See below for an expanded summary and maps of the Eakin Creek property.
Update on the Atsutla Gold project and planned 2022 exploration program
Trailbreaker’s Atsutla Gold project is located 70 km south of the Yukon-British Columbia border and 130
km northwest of the community of Dease Lake, BC. Exploration in 2021 included the discovery of
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widespread high-grade gold at the Highlands zone, with grab sample assays up to 630 g/t (18.38 oz/ton)
gold and 1,894 g/t (55.25 oz/ton) s ilver (see September 13 th, 2021 news release ). The program also
included the identification of four gold zones: the Highlands, Christmas Creek, Willie Jack, and Swan zones
(see November 1st, 2021 news release).
The current claim package was recently expanded from 37,727 hectares to 40,057 hectares.
Exploration in 2022 will include planning and determination of drill hole locations for a highly anticipated
diamond drilling program. Drilling permits for the Atsutla Gold project remain outstanding (specifically at
the Swan zone), as such drilling in 2022 is subject to their approval . In the meantime, the Company i s
working with all stakeholders, First Nations, and other interested parties in the area, to ensure exploration
programs continue to be conducted in a safe, environmentally responsible and sustainable manner.
An airborne LiDAR (‘light detection and ranging’) survey is currently being planned for the Atsutla Gold
project in the early summer of 2022. LiDAR surveys use laser scanning to produce high-resolution, 3-D
representations of the earth’s surface. These can detect subtle topographic changes which can represent
geological features such as lithological contacts, faults, and quartz veins, which are all important controls
on gold mineralization at the Atsutla Gold project.
Work in 2022 will also include following up on targets identified from the airborne magnetic survey
completed in the fall of 2021. Structural investigation and detailed mapping will be conducted on all gold-
bearing zones, as well as first-pass reconnaissance prospecting and soil sampling on newly staked ground.
Trailbreaker will combine existing information on last year’s high-grade gold discoveries and existing
geophysical survey results with upcoming geophysical surveys and structural investigations, to enhance
its potential for new discoveries in 2022.
More on Eakin Creek:
The Eakin Creek property is located 100 kilometres north of Kamloops , BC and can be accessed via
Highway 24 and by well-maintained forest service roads (see Map 1 – Location). The property covers 1,610
ha of prospective ground that drains into placer gold -bearing Eakin Creek. Eakin Creek lies in an
underexplored portion of the Quesnel tectonic terrane that hosts many of BC’s producing copper and gold
mines, such as New Afton, Ajax, Mt Polley, Highland Valley, and Copper Mountain. The claim package is
100%-owned by Trailbreaker Resources with no underlying royalties or payments.
A regional-scale till sampling survey conducted by the Geological Survey of Canada has shown that this
underexplored portion of the Quesnel terrane has an anomalous Cu-Au-As-Mo geochemical signature that
is indicative of copper porph yry environments elsewhere in BC . Furthermore, some of BC’s highest gold
grain-count values are recorded from till sample s from the Eakin Creek property (see Map 2 – Regional
Till Survey).
Placer gold was first discovered in Eakin Creek in the late 1800s with small scale placer mining occurring
through to the 1940s. The hard rock source of the placer gold was never found and remained a mystery
for over 100 years. Gold in bedrock was first discovered on the property in 1983 during the construction
of Highway 24, with subsequent hard rock discoveries continuing through to the early 1990s.
The property hosts a strong, widespread gold -in-soil anomaly with 58 samples containing greater than
100 ppb Au, to a maximum of 2 ,600 ppb (2.6 g/t) Au (see Map 3 – Soil Geochemistry). Prospecting and
trenching hav e proved difficult in the area due to widespread glacial till cover, however the limited
prospecting and trenching completed to date have been successful in determining the causes of gold-in-
soil anomalies. Numerous high -grade float rock grab samples have been obtained from surficial pits,
assaying up to 2.60 oz/ton (89.13 g/t) Au and locally containing visible gold. Limited outcrop sampling to
date has returned a 3 .0 m chip sample interval grading 3.15 g/t Au , within a 14.0 m interval grading 0.9
g/t Au (see Map 4 – Rock Geochemistry). Gold is associated with fracture-controlled quartz-calcite veins
and breccias, hosted by a Jurassic altered diorite. The property has not been drilled to date, nor have any
deep-penetrating geophysical programs been completed.
Trailbreaker’s team believes there is strong potential for a bulk -tonnage intrusive-related gold deposit
underlying the glacial till , and that an induced polarization (IP) survey will be able to delineate the
potential buried auriferous diorite. The team anticipates that the IP results will contribute to identification
of high-quality drill targets.
Bernie Kreft purchase agreement:
Although the majority of the 1,610 ha Eakin Creek property was acquired by Trailbreaker’s staking, 2
claims in the core of the property are owned by Mr. Bernie Kreft. Trailbreaker has entered into a property
purchase agreement to acquire a 100% interest in the Bernie Kreft claims. This agreement is subject to
the approval of the TSX-Venture Exchange and other customary conditions. The terms consist of:
• A cash payment of CAD$13,475 upon signing of the agreement
• A transfer of 60,000 Trailbreaker common shares within 30 days of approval by the TSX.V
For more details and maps on Eakin Creek see the dedicated section on Trailbreaker’s website.
Message from the President
“True to our model as project generators, the Trailbreaker team has been busy throughout the winter
putting together high-caliber projects and planning for the 2022 exploration season. Our flagship Atsutla
project, with it s high-grade gold discoveries and copper porphyry potential, will receive an aggressive
exploration program designed to de-risk future drilling once permits are in place.
We are all excited with the addition of the Eakin Creek property. The project has high potential for further
mineral discoveries, enhanced by its geological and geochemical settings, and by existing roads and other
infrastructure.
Stay tuned for further updates as we have more exciting announcements to make in the coming weeks.”
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 pro jects, please visit Trailbreaker’s w ebsite at
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1820 or at [email protected].
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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
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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 o f related
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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
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several material assump tions, including the assumption that general business and economic conditions
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