Trailbreaker Resources Provides Update ON Company Activities
TRAILBREAKER RESOURCES PROVIDES UPDATE ON COMPANY ACTIVITIES
November 8, 2023 – Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to
provide a company update on exploration activities during the 2023 field season , and on our continued
efforts to build shareholder value.
2023 was an active year for Trailbreaker, with work conducted across a wide array of our projects. Work
included the filing of an NI 43-101 technical report on the Atsutla project, optioning out of a portion of
the Eagle Lake property, drill testing on the Eakin Creek project, conducting surface exploration at the
Golden Sable and Castle Rock projects, and conducting a site visit at the Sheldon project. As well, t he
technical team was bolstered by the appointment of a new position of Vice President of Exploration. Work
towards permitting of projects in order to conduct drill testing is ongoing. As well, the technical team is
actively engaged in conducting project generation to bring new highly prospective properties into the
Trailbreaker portfolio. Trailbreaker intends to carry the momentum from this year’s activities into 2024 ,
and to continue to build on the 2023 exploration successes.
Message from the President
“Thank you to our base of loyal shareholders who have continued to believe in and support our exploration
approach through a tough metals market. We are excited to be advancing numerous projects and are
looking forward to an active 2024 exploration season . We are also excited about the ongoing target
generation that our technical team has been engaging in , which we feel will continue to add highly
prospective projects into our pipeline.” – Daithi Mac Gearailt
2023 Exploration Activities
Click the hyperlinks below for more information on each project, news release, or presentation.
Atsutla: Prior to the start of the field season, Trailbreaker filed an NI 43-101 technical report for the Atsutla
project, located in northwestern BC (see news release dated May 15, 2023 ). The technical report and
accompanied structural geology report with drill recommendations, provide a geological framework and
clear exploration method ology to advance the Atsutla project. There is strong potential both for
intrusion-hosted auriferous quartz vein s in the western portion of the property , where rock samples
assayed up to 630 g/t gold (Au) ; and for porphyry copper-gold (Cu-Au) mineralization at the Swan zone,
where rock samples returned up to 11.7 g/t Au.
TSX-V: TBK
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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.
Eagle Lake: Trailbreaker optioned out a portion of the Eagle Lake project, located in central BC, to Vizsla
Copper. These four claims abut Vizsla Copper’s Woodjam project (see news release dated June 12, 2023).
Vizsla Copper has the option to acquire a 100% interest in the four optioned claims by issuing an aggregate
of 400,000 common shares to Trailbreaker over three years . Trailbreaker and Teck Resources Ltd. retain
a combined 2% net smelter return (NSR) royalty on these claims. Trailbreaker retains the prospective
Moffat zone portion of the Eagle Lake project, where historic drill results returned grades up to 3.52 g/t
Au over 9.9 m. Also at the Moffat zone, a 2022 MMI (mobile metal ion) soil survey defined an 850 x 700 m
gold-copper-silver-molybdenum (Au-Cu-Ag-Mo) anomaly.
Eakin Creek: Trailbreaker’s field season began with a successful diamond drill program at the Eakin Creek
project, south-central BC (see news release dated September 5, 2023). Gold was intersected in all eleven
drillholes, highlighted by intervals including: 1.0 m of 14.3 g/t Au in hole EC-23-02; 3.0 m of 2.42 g/t Au in
hole EC-23-01; and 15.7 m of 0.32 g/t Au in hole EC-23-05. This drill program represented a successful and
cost-effective first pass test of a highly prospective target, with 2,039 m of drilling completed for less than
CAD$500k. Additional drilling is recommended to expand the known extent of mineralized zones.
Golden Sable: Surface work at the Golden Sable project, south -central BC, extended the gold -in-soil
anomaly to 4 km in length (see news release dated September 14, 2023). The Golden Sable pro ject was
newly acquired by Trailbreaker (see news release dated May 29, 2023 ). The project was subsequently
explored by Trailbreaker, focusing on a previously identified significant gold-in-soil anomaly. This anomaly
is locally supported by 2018 drill results, including 24.0 m of 0.83 g/t Au, in turn including a sub-interval
of 4.0 m of 2.4 g/t Au. Outcrop exposure on the property is limited, and no follow -up drilling along the
gold-in-soil anomaly has occurred, leaving a majority of the highly prospective anomaly untested.
Sheldon: A site visit to the Sheldon project, central Yukon, confirmed historic gold-in-rock values, as well
as numerous key geological features indicating a potential “ reduced intrusion-related gold system”
(RIRGS). Rock samples collected in an area hosting abundant sheeted quartz veins containing arsenopyrite
and bismuthinite, near the contact of the Sheldon Stock granite and hornfels sedimentary rocks, returned
assays up to 6.48 g/t Au. The site visit confirmed the geological model, presence of high-priority targets,
and supported our exploration approach to be applied at the Sheldon property. An updated project
presentation may be found on our website.
Castle Rock : Trailbreaker announced the acquisition of the Castle Rock property, northern Vancouver
Island, BC, through a combination of claim staking and a partnership agreement with Cazador Resources
(see news release dated January 20, 2023 ). The property was subsequently consolidated through a
secondary agreement with Cazador Resources, giving Trailbreaker the option to gain a 100% interest in
the property (see news release dated August 8, 2023). A surface exploration program , consisting of 497
soil samples, 50 rock samples, and geological mapping, was completed at Castle Rock . This program
followed up on the 2022 gold-in-soil anomaly identified near the gold-rich Heart porphyry prospect, and
on historic rock samples at the Flan zone (see news release dated September 25, 2023 ). Assay samples
for this work are still outstanding and will be reported separately once received.
Vice President of Exploration: In addition to Trailbreaker’s field exploration activities, Dillon Hume, M.Sc.,
P.Geo., joined the team as the Vice President of Exploration in July, 2023 . Mr. Hume brings a wealth of
mineral exploration experience to Trailbreaker, having been involved in significant discoveries , including
the East Ridge Zone at the Red Chris Cu -Au porphyry mine, and the Krakatoa Zone at the Kudz Ze Kayah
VHMS deposit. Mr. Hume completed an M.Sc. degree on the structural and mineralogical controls of gold
mineralization at the Tajitos orogenic gold deposit in Sonora, Mexico , and is registered as a profession al
geoscientist in British Columbia. He brings a strong management and technical foundation to help propel
Trailbreaker’s exciting project portfolio.
Project Generation
Trailbreaker is continually conducting project generation, including reviewing projects that may add
significant exploration potential and fit well within Trailbreaker’s portfolio. Project generation is primarily
focused on identifying underexplored and undervalued projects which the technical team feel s have
realistic potential for significant advancement . Project generation work is primarily focused on gold
projects in British Columbia and Yukon.
Outlook for future work
Trailbreaker is preparing for another year of exploration across a suite of prospective projects. Surface
work and geophysical surveys will be conducted at numerous properties to develop drill targets that could
lead to significant discoveries. As well, the technical team is planning first -pass drill programs for several
projects. Additional news on specific work programs can be expected through the winter and spring
months, as these planning efforts solidify.
In addition to field work for 2024, the Trailbreaker team will be attending conferences over the winter
months, including but not limited to : the AMEBC RoundUp conference from January 22 -25, 2024 in
Vancouver; the Prospectors and Developers Association of Canada conference from March 3 -6, 2024 in
Toronto; and the Kamloops Exploration Group Conference from April 9-10, 2024 in Kamloops.
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.