Trailbreaker Resources Discovers New GOLD Zone at Atsutla GOLD Project, Expands Mineralization at Swan Zone
TRAILBREAKER RESOURCES DISCOVERS NEW GOLD ZONE AT ATSUTLA GOLD PROJECT,
EXPANDS MINERALIZATION AT SWAN ZONE
November 28, 2022 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company” ) is pleased
to announce the results of the 2022 exploration program at its 100%-owned Atsutla Gold project, located
in northwestern British Columbia (BC).
First-pass prospecting on newly staked claims has led to the discovery of high-grade gold mineralization
3.5 km northeast of the Highlands zone , in an area now termed the ‘Snook zone’. Assays of rock grab
samples returned values up to 53.3 g/t gold (Au) from quartz vein talus boulders with galena-bornite-
chalcopyrite mineralization.
Twenty-four kilometres east of the Highlands and Snook zones, follow-up prospecting and soil sampling
at the Swan zone revealed a new gold -in-soil anomaly. This is located about one kilometre northeast of
the 900 m x 700 m multi -element anomaly representing the surface expression of a porphyry centre
defined in 2021. This new anomaly is about 559 metres long, with values up to 268 ppb Au. Assays of rock
grab samples from the Swan zone yielded values up to 11.7 g/t Au and 212 g/t silver (Ag) (separate
samples).
Between the Swan and Snook zones lies a large area of un-explored ground. First-pass prospecting in the
Shownektaw Creek area led to the discovery of multiple new gossanous alteration zones within the
Christmas Creek Batholith. A grab sample of gossanous talus float returned an assay of 22.1 g/t Au.
The 2022 exploration program also included detailed structural and geological mapping at the four high-
grade gold zones discovered and defined in 2021 , with a focus on drill target generation . Thirty-one
samples were sent for petrographic analysis to aid in determining the nature of the widespread gold
mineralization. This independent structural report remai ns outstanding, and the Company will issue
another press release providing the results once received.
Daithi Mac Gearailt, CEO of Trailbreaker, commented, “The Atsutla Gold Project continues to deliver new
and exciting discoveries. We have now identified high-grade gold showings across 28 kilometers, spanning
multiple lithologies. With these new results and the pending detailed geological report, I am confident that
we will have a de-risked drill plan in hand by the end of the year.”
Newly discovered Snook zone
The Snook zone is located 3.5 km northeast of the Highlands zone – a 2021 discovery consisting of multiple
high-grade and visible gold showings (>100 g/t Au) across a 750 m x 600 m area (see Map 1 – Atsutla
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West). A previously identified prominent east-west trending fault (the Snook Fault) defines the southern
boundary of the zone and cuts through Snook Lake. At least two generations of quartz veining were
identified at the Snook zone . The earlier set comprises steeply dipping sheeted veins which are crosscut
by later shallow-dipping veins. Sulphide mineralization consists of variable amounts of pyrite , bornite,
chalcopyrite, galena, and arsenopyrite. Galena and arsenopyrite appear to be constrained to the later set
of quartz veining. The veining occurs within granodiorite of the early Jurassic Christmas Creek Batholith.
Highlights include:
• 53.3 g/t Au from a quartz vein boulder with galena-chalcopyrite mineralization (Photo 1);
• 7.55 g/t Au from an outcrop of sheeted quartz veins typically 5-10 cm wide with chalcopyrite -
pyrite mineralization (Photo 2);
• 9.78 g/t Au from a quartz vein boulder with arsenopyrite-pyrite mineralization south of the Snook
Fault.
Photos 1 and 2: Snook zone quartz-galena-chalcopyrite boulder assaying 53.3 g/t Au (left) and sheeted quartz-chalcopyrite-pyrite
veins assaying 7.55 g/t Au.
An Option Agreement has been signed with Mr. Torrey Fredlund (the “Vendor”) for Trailbreaker to obtain
a 100% interest in his ‘Golden Echelon’ claim block located between the Snook and Highland zones. The
block consists of one claim covering 132 hectares. Prior to the 2022 exploration program, an agreement
was made allowing for Trailbreaker to explore and evaluate the claim block before finalizing an option
agreement.
Pursuant to t he terms of the Option Agreement and subject to receipt of all regulatory approvals,
Trailbreaker can earn a 100% interest in the Property by making staged share issuances totaling 80,000
common shares over three years and a making a one-time cash payment of $25,000 as follows:
• 10,000 common shares on receipt of TSX Venture Exchange approval;
• 10,000 common shares on or before November 16, 2023;
• 10,000 common shares on or before November 16, 2024; and
• 50,000 common shares and $25,000 cash payment on or before November 16, 2025.
The Vendor will retain a 1% Net Smelter Royalty and Trailbreaker has the right to buy back the 1% NSR
within a two-year period from the exercise of the option for a cash paymen t of $50,000 and issuance of
100,000 common shares.
Swan zone follow-up and reconnaissance sampling
The 2022 work program included follow-up and reconnaissance exploration at the Swan zone (see Map 2
– Swan). The Swan zone area was initially staked by Trailbreaker to cover a historical molybdenum-copper
porphyry prospect that was discovered in the late 1960s and explored periodically since then. Despite the
collection of more than 500 soil and surface rock samples, and the completion of almost 1,000 metres of
shallow diamond drilling, no geochemical analysis for gold was done before Trailbreaker staked the area.
In 2021, Trailbreaker identified a 900 m x 700 m gold (Au) – arsenic (As) – silver (Ag) – antimony (Sb) –
copper ( Cu) – molybdenum ( Mo) – lead ( Pb) soil anomaly , with multiple gold and silver showings in
bedrock. The core of the soil anomaly is located ~1.2 km east of the historical drilling.
Exploration in 2022 led to the discovery of additional gold mineralization within the soil anomaly, whereby
assaying of ro ck grab samples return ed values up to 11.7 g/t Au, 212 g/t Ag, and 0.12% Cu. Gold is
associated primarily with disseminated and massive arsenopyrite mineralization within a porphyritic
leucogranite unit of the Upper Cretaceous Glundebery Batholith.
A reconnaissance soil sample line identified a new 550-metre-long gold anomaly located 1 km east of the
main Swan zone anomaly. Assay ing of soil samples yielded values up to 268 ppb Au within this new
anomaly.
First-pass prospecting was conducted on a ridge 2 km west of the Swan zone, across the valley from where
the historic diamond drilling was conducted. Multiple new quartz-arsenopyrite showings were identified,
and assays returned values up to 0.79 g/t Au.
About the Atsutla Gold Project
Trailbreaker’s 100%-owned 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. The project covers 40,057 hectares of
ground with very limited historic exploration. The project represents a district-scale discovery in an under-
explored area of British Columbia.
To date, Trailbreaker has identified five gold zones at Atsutla: The Highlands, Christmas Creek, Snook,
Willie Jack, and Swan zones , which span a distance of 28 kilo metres. The highest grades occur at the
Highlands zone, where grab samples have returned values up to 630 g/t (18.38 oz/ton) gold and 1,894
g/t (55.25 oz/ton) silver . High-grade, vein - and wallrock -hosted copper mineralization has also been
discovered in the Highlands, Christmas Creek, and Willie Jack zones, with grab sample assays up to 1.7%
copper. For more information and detailed maps, see the Atsutla Gold Project section on Trailbreaker’s
website.
Message from the President
“The Atsutla Gold project is district-scale discovery with not only the gold-bearing copper porphyry model
at Swan but also a large robust high -grade gold system at the Highlands, Christmas Creek, and Snook
zones. We own it 100%, it’s brand-new and begging to be drilled!”
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 website at
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1820 or at [email protected].
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