Trailbreaker Resources Completes Magnetic Survey at Eagle Lake Property
TRAILBREAKER RESOURCES COMPLETES MAGNETIC SURVEY AT EAGLE LAKE PROPERTY
June 3 , 202 4 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to
announce that it has completed a high-resolution ground magnetic survey over the Moffat zone at the
Eagle Lake property . The survey covers an area of approximately 4 km2 comprising overlapping multi-
element mobile-metal ion (MMI) soil anomalies, induced-polarization (IP) chargeability high features, and
historic drill results, including 3.52 g/t gold (Au) over 9.9 m in drillhole MOF-5. The Moffat zone is located
directly south of, and in a similar geological setting associated with the Takomkane Batholith , to the
Woodjam project held by Vizs la Copper Corp. (“Vizsla Copper”), which has a n inferred resource of 1.71
billion pounds of copper (Cu) and 968,100 ounces of Au.
The ground magnetic survey has highlighted two sets of magnetic lineaments ; one which trends
northwest-southeast, and the other north -northwest (Figure 1) . Historic mineralized drill results and
multi-element MMI anomalies occur near the intersection of these lineaments. The magnetic survey
results also highlight multiple intrusive phases with distinct concentrations of magnetite and
corresponding alteration assemblages. Geological observations associated with strong magnetic high
features indicate the presence of magnetite ± chalcopyrite ± malachite on northwest trending joint
surfaces.
In addition, Vizsla Copper has informed Trailbreaker that they intend to exercise the terms of the first
anniversary of the option agreement for four claim blocks north of the Moffat zone that are a part of the
Eagle Lake property (see news release dated June 12, 2023 ). Vizsla Copper will issue 50,000 common
shares to Trailbreaker to meet the first-year requirements of the option agreement.
Message from the President
“The ground magnetic survey has created a great value -add data set which highlights potential
mineralization controls at the Moffat zone. It provides another layer of coincident data which reinforces
our exploration model and will improve future targeting. We are also excited to continue being exposed to
the exploration efforts of Vizsla Copper.” – Daithi Mac Gearailt
Moffat Zone Target Description
The Moffat zone is the primary target on the Eagle Lake property and is defined by an 850 x 700 m gold-
copper-silver-molybdenum (Au-Cu-Ag-Mo) MMI soil anomaly . This anomaly extends east and north of
historic drillhole MOF -5, which returned 3.52 g/t Au over 9.9 m from 253 m depth. Mineralization in
MOF-5 is associated with quartz vein stockwork and hydrothermal breccia, interpreted to be associated
TSX-V: TBK
APRAF.PK
Frankfurt: KCG1
TRAILBREAKER RESOURCES LTD.
650 W. Georgia Street, #2110
Vancouver, British Columbia
Canada, V6B 4N9
Telephone: 604 681 1820
Facsimile: 604 681 1864
https://www.TrailbreakerResources.com
https://twitter.com/TrailbreakerLtd.
with regional -scale structures cutting the host Takomkane Batholith . The ground magnetic survey
highlights these structures and important structural intersections at the Moffat zone.
Figure 1: Total magnetic field (TMI) over the Moffat zone with magnetic lineaments and magnetic low
features highlighted, showing potential controls on mineralization, such as 3.52 g/t Au over 9.9 m in
MOF-05. Multi-element MMI soil anomalies are coincident with the intersection of the northwest and
north-northwest lineaments and local magnetic lows.
About the Eagle Lake Property
The Eagle Lake property covers over 11,100 hectares of ground across seven claim blocks prospective for
porphyry copper-gold and mesothermal gold mineralization in the Cariboo Mining district. The property
is located approximately 55 km east of Williams Lake, British Columbia (BC) and is fully accessible by an
extensive network of forest service roads.
The four northern claim blocks , totaling ~6,500 hectares, are under an option agreement with Viz sla
Copper (see news release dated June 12, 2023). The optioned claims are subject to a 2% NSR (Net Smelter
Return royalty). Teck Resources Limited (“Teck”) holds an underlying 1% NSR on three of the four claim
blocks, splitting the 2% NSR into 1% each for Teck and Trailbreaker on these three blocks. Trailbreaker
retains the entirety of the 2% NSR on the fourth claim block. Half of the 1% NSR on three claim blocks may
be bought from Trailbreaker for $500,000. Half of the 2% Trailbreaker royalty may be purchased for
$1,000,000.
The remaining three claim blocks, covering the Moffat zone, are 100% -owned by Trailbreaker, with a
portion subject to a 1% NSR retained by Teck. These claim blocks cover an area of ~4,700 hectares.
The Eagle Lake property is situated within the Quesnel terrane, which is host to several of BC’s large
tonnage copper-gold porphyry deposits (e.g. Mount Polley and Gibraltar mines) and notable mesothermal
deposits (e.g. Spanish Mountain Gold and the Cariboo Gold Project) . The property is underlain by Late
Triassic to Early Jurassic intrusive rocks of the Takomkane Batholith, with minor late Triassic volcanic rocks
of the Nicola Group. This is a similar geological setting to the Woodjam project directly to the north, which
has an inferred resource of 1.71 billion pounds of Cu and 968,100 ounces of Au.
Golden Sable Option Agreement
Trailbreaker has opted to decline the first anniversary payment and to terminate its option agreement to
acquire the Golden Sable property. The property and data have been returned to the optionor. Following
compilation of 2023 results, Trailbreaker determined that the project did not meet the company’s
requirements for continued exploration moving forward.
About Trailbreaker Resources
Trailbreaker Resources is a mining exploration company focused primarily on mining -friendly British
Columbia and Yukon Territory, Canada. Trailbreaker is committed to continuous exploration and research,
allowing maintenance of a portfolio of quality mineral properties which in turn provides value for
shareholders. The company has an experienced management team with a proven track record as
explorers and developers throughout the Yukon Territory, British Columbia, Alaska and Nevada.
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.
Other
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 [email protected].
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.