Trailbreaker Resources Options Portion of the Eagle Lake Property to Vizsla Copper Corp.
TRAILBREAKER RESOURCES OPTIONS PORTION OF THE EAGLE LAKE PROPERTY TO VIZSLA
COPPER CORP.
June 12 , 202 3 – Trailbreaker Resources Ltd. ( TBK.V) (“Trailbreaker” or “the Company”) is pleased to
announce the signing of an option agreement with Vizsla Copper Corp. (“Vizsla Copper”) for a portion of
Trailbreaker’s Eagle Lake property.
The Eagle Lake property borders Vizsla Copper’s Woodjam copper-gold porphyry project. The option deal
includes four of the fourteen claims comprising Eagle Lake. The four claims account for 6,482 hectares
(ha) of the 19,000 ha property (see Figure 1).
Daithi Mac Gearailt, CEO of Trailbreak.er, commented: “We are very pleased to come to an arrangement
with Vizsla Copper. This is a win -win deal: Vizsla gets to acquire and explore ground to expand their
Woodjam project, while Trailbreaker retains the Moffat zo ne area where we have outlined a significant
gold-copper zone.”
Vizsla Copper acquired the Woodjam project in late 2022 from Consolidated Woodjam Copper Corp.
Shortly after the acquisition, Vizsla flew a large -scale airborne magnetic survey and has since been
identifying targets for an extensive drill program.
Trailbreaker Resources acquired the Eagle Lake property in early 2022 due to its historic drill results
(including the 2011 intercept of 3.52 g/t Au over 9.9m in DDH MOF-5), local geological setting, and position
between the Woodjam deposit and Engold’s Lac La Hache deposits.
During the summer of 2022, Trailbreaker completed a 432 -sample MMI (Mobile Metal Ion) soil survey
designed to cover the historic drill showings (see September 6, 2022 news release). The survey identified
an 850 x 700 met re Au-Cu-Ag-Mo (gold-copper-silver-molybdenum) anomaly which covers DDH MOF-5
and extends east and north into an area without documented historic drilling (see MMI soil anomaly map).
The exploration team also located the historic drill core from the 2011 drill campaign and was able t o
examine and re -log the gold - and copper -bearing mineralized intercepts. Significant amounts of
hydrothermal breccia, quartz-carbonate-potassium feldspar veining and fault gouge were observed within
the gold-bearing interval of MOF-5, which commences at 252 metres depth. Trailbreaker geologists have
determined that these features are representative of a regional -scale fault structure that parallels the
northwest-trending geological contact between the late Triassic Copper Mountain Plutonic Suite and the
early Jurassic Takomkane Batholith. The MMI soil anomaly occurs along this contact.
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: Trailbreaker and Vizsla Copper claims with the optioned ground.
Terms of the option agreement
Vizsla Copper has the option to acquire a 100% interest in the four claims by issuing an aggregate of
400,000 common shares to Trailbreaker over three years.
The optioned claims are subject to a 2% NSR (Net Smelter Return royalty). Trailbreaker and Teck Resources
Limited will retain a 1% NSR each on three of the claims and Trailbreaker will retain a 2% NSR on the fourth
claim. Half of the 1% NSR may be bought from Trailbreaker for $500,000. Half of the 2% NSR may be
bought from Trailbreaker for $1,000,000.
More about the Eagle Lake property
Located 55 km east of Williams Lake, BC, t he Eagle Lake property was generated by Trailbreaker in early
2022 through an agreement with Teck Resources Limited , combined with additional claim staking (see
May 18, 2022 news release ). The property covers 19,000 hectares that are accessible by an extensive
network of well -maintained forest service roads. It is situated directly adjacent to Vizsla Copper Corp.’s
Woodjam Cu-Au (copper-gold) porphyry project (see Geology Map, Location Map, and Overview Map).
Trailbreaker’s claims are situated within the Quesnel terrane which hosts several of BC’s large -tonnage
copper-gold porphyry deposits. These include : New Gold’s Afton mine, Imperial Metals’ Mount Po lley
mine, Taseko Mines’ Gibraltor mine, and Centerra Gold’s Mount Milligan and Kemess mines. The Quesnel
terrane also hosts numerous advanced -stage gold projects, such as the Spanish Mountain gold project
(measured and indicated resource of >4.5 M oz Au) located 45 km north of Eagle Lake, and Karus Gold’s
FG gold project, located 35 km to the east.
Message from the President
“We are very excited to be working with Vizsla Copper while retaining the target that originally brought
us to this area. On top of this, there is still a significant amount of unexplored ground in this extremely
prospective locale. We have more exciting updates to come, so as always, stay tuned!”
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
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 "for ward-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 drill ing 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 p ublicly
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.