Trailbreaker Resources Consolidates Castle ROCK Property, Northern Vancouver Island
TRAILBREAKER RESOURCES CONSOLIDATES CASTLE ROCK PROPERTY, NORTHERN
VANCOUVER ISLAND
August 8, 2023 – Trailbreaker Resources Ltd. ( TBK.V) (“Trailbreaker” or “the Company”) is pleased to
announce th at it has consolidated the Castle Rock property on northern Vancouver Island, British
Columbia (BC).
The property was initially acquired through claim staking, then expanded through a partnership with
Cazador Resources Ltd. (“Cazador”) in January, 2023 (see January 20, 2023 news release). Trailbreaker has
now signed an agreement with Cazador which provides Trailbreaker with the option to own 100% of the
3,108-hectre (ha) Castle Rock property.
Highlights of the Castle Rock property
• Covers 3,108 hectares of land on northern Vancouver Island, approximately 70 km northwest of
Campbell River, BC (Figure 1)
• Claims cover 5 Minfile occurrences on a district-scale structure that is >5 km -long, and newly
identified gold ± copper-enriched intrusions
• Relatively new discovery, in an area that hosts copper-gold (Cu-Au) porphyry and skarn deposits
• Northern Vancouver Island is host to several large Cu-Au porphyry deposits including Northisle’s
Hushamu deposit (Inferred Resource of 5.57 Moz AuEq)1, and BHP Billiton’s past producing Island
Copper porphyry copper deposit (produced >2.7 B lb Cu and >1.0 Moz Au) 1
• Newly accessible via recent logging activity
• Historic chip sample returned assays of 2.0 g/t Au over 30 metres 2 at the Heart zone, which is a
brecciated zone containing 5 to 10% pyrite-chalcopyrite
• Historic sampling returned assays up to 135 g/t Au from boulders, 1.5 km west of the Heart zone3
• Gold is hosted in Jurassic granodiorite dykes which have been emplaced along a regional -scale
fault zone separating Lower to Middle Triassic Daonella Bed sedimentary rocks from Upper
Triassic Karmutsen Formation basalts
In September, 2022, Trailbreaker completed a 3-day first-pass evaluation program on the Castle Rock
claims. The program successfully confirmed historic gold grades, with 2022 channel sample returning
values up to 0.68 g/t Au over 13.11 m, including a subinterval of 1.85 g/t Au over 2.92 m. A soil
geochemical survey outlined a 50 m x 400 m, northwe st-southeast trending gold -in-soil anomaly
interpreted to represent the surface footprint of the gold -bearing dyke exposed at the Heart zone.
Soil values up to 5.44 g/t Au were returned, and the anomaly remains open.
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.
Figure 1: Map of mineral claims colour-coded by pre-option agreement ownership. The soil anomaly
associated with the Heart zone occurs on Trailbreaker claims and is open toward the southe ast and
northwest.
Option agreement with Cazador Resources
In January, 2023, T railbreaker signed a partnership agreement with Cazador whereby each party owns
50% of the property.
Effective as of July 27th, 2023, Trailbreaker has signed an option agreement with Cazador which provides
Trailbreaker the option to acquire the remaining 50% of the Castle Rock property (for 100% ownership)
by completing the following:
• Upon receipt of TSX-V approval for t he option agreement, issuance to Cazador of 200,000
common shares;
• A total of CAD$60,000 of expenditures on the Castle Rock property by the second anniversary of
the effective date;
• On the second anniversary of the effective date and annually to the fifth anniversary date,
payment to Cazador of CAD$5,000 as advance payments on the royalty; and
• On or before the fifth anniversary of the effective date, issuance to Cazador of a further 300,000
common shares.
Cazador will retain a 2% NSR (Net Smelter Return royalty) on claims currently 100% held by Cazador, and
a 1% NSR on claims held jointly between Cazador and Trailbreaker. Once the option is exercised
Trailbreaker may buy back 50% of the royalty by paying Cazador CAD$1 million.
2023 exploration at Castle Rock
During 2023 Trailbreaker plans to execute a property-wide geochemical soil survey to further expand the
Heart zone soil anomaly outlined in 2022, and to explore for other mineralized intrusive dykes.
Numerous other historic showings remain underexplored, with no systematic exploration completed to
date. The Flan showing, discovered in 2000, is located approximately 1.5 km west of the Heart zone. The
showing consists of numerous high-grade boulders assaying up to 135 g/t Au. This indicates potential for
the Castle Rock property to host much higher-grade gold mineralization than identified thus far.
The geochemical survey, combined with prospecting and geological mapping, is intended to lead to drill
target generation at the Heart zone, and may result in further discoveries within the 3,108-ha property.
Message from the President
“This is a step in the right direction for Trailbreaker and the project. I believe the Castle Rock area has been
overlooked in the past and remains considerably underexplored. Given the property’s association with
large, district-scale structures and open -ended anomalies, Castle Rock has the potential to be rapidly
expanded into a significant gold prospect.”
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 pro jects, 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].
References
1) https://cmscontent.nrs.gov.bc.ca/geoscience/PublicationCatalogue/InformationCircular/BCGS_IC2014-04.pdf
2) https://minfile.gov.bc.ca/Summary.aspx?minfilno=092L%20%20399
3) https://minfile.gov.bc.ca/Summary.aspx?minfilno=092L%20%20396
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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
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actual actions, events or results to differ materially from those described in Forward-Looking Information,
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