Trailbreaker Initiates Multiple Geophysical Surveys at the Liberty Copper-Molybdenum Project, British Columbia
15 Outubro 2024 - 8:45AM
Trailbreaker Resources Ltd. (TBK.V)
(“Trailbreaker” or “the Company”) is pleased to announce the
mobilization of geophysical crews from Geotech Ltd. and Simcoe
Geoscience Ltd. (“Simcoe”) to conduct Z-axis Tipper Electromagnetic
(ZTEM) and induced polarization
(IP) surveys, respectively, at the Liberty copper
(Cu) - molybdenum (Mo) project, in central British Columbia (BC).
The ZTEM survey is designed to provide
property-wide resistivity and magnetic data up to a depth of
1,500 m. This will help define the geological, structural and
alteration features of porphyry and skarn-style mineralization, of
which previous grab samples assayed up to 23.71%
Cu.
The IP survey is being conducted over the
Cu-in-soil anomaly (see news release September 16, 2024) in
order to define the extensions of historic chargeability and
resistivity features that are coincident with Cu-Mo mineralization
intersected during Trailbreaker’s 2,442 m drill program conducted
earlier this year (see news release dated July 22, 2024). The
survey will utilize Simcoe’s Alpha IP™ technology to survey up
to 500+ m of depth, ensuring any deep sources of mineralization are
detected.
Results and interpretation from both surveys are
expected before the end of 2024.
Message from the President
“We are excited that these surveys have
commenced at Liberty. The surveys extend deep below the overburden
on the property. When these results are coupled with what we have
learned from drilling, together with our property-wide geochemical
survey and the high-grade Cu in rock samples, we expect it to
produce a robust geological model to help vector and de-risk future
drilling. This project is advancing quickly and in the right
direction for a discovery.” Daithi Mac Gearailt
Figure 1: ZTEM survey equipment
conducting calibration tests at the Liberty property, central
BC
Liberty Property
Description
The 6,895-hectare Liberty Property is located
approximately 60 km northwest of Quesnel, BC. The property is fully
accessible by resource roads.
Drilling at Liberty has encountered widespread
Cu-Mo porphyry-style mineralization at the northeastern margin of a
property-scale Cu-in-soil geochemical anomaly. Mineralization is
coincident with an Induced Polarization (IP) chargeability feature.
However, historic IP surveying covered only a small portion of the
much larger geochemical anomaly. Highlights of drill results
include:
- LIB24-001 - 213.7 m
of 0.16% CuEq from 248.3 m to the end of hole;
- Including 13.5 m of
0.33% CuEq from 257.5 m;
- And including 6.6 m
of 0.67% CuEq from 300.9 m;
- LIB24-003 - 194.3
m of 0.16% CuEq from 256.0 m,
- including 34.2 m of
0.47% CuEq from 385.0 m,
-
and including 5.9 m of 2.02% CuEq from 410.2 m;
- LIB24-004 - 226.0
m of 0.11% CuEq from 279.0 to the end of hole
- Including 6.0 m of
0.45% CuEq from 431.0 m
- And including 2.3 m
of 0.36% CuEq from 500.0 m
Prospecting within the southwestern portion of
the property-scale geochemical anomaly has defined an area of
high-grade copper mineralization, with grab samples assaying up to
23.71% Cu.
For more information on this target see the
Liberty Project webpage.
* Reported widths are drill width. Not enough
geological information exists at this point to define true width.
However, vein-hosted copper and molybdenum mineralization commonly
occurs at high angles to core axis.** Copper Equivalent formula
used is:CuEq = Cu grade in % + (Mo grade in % *
(Mo recovery/Cu recovery) *
(Mo price/lb*2200 lb) / (Cu price /lb*2200 lb) using
copper price of US$3.75/lb and molybdenum price of US$25/lb. 100%
metallurgical recoveries are assumed for both metals.
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 GearailtPresident 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
info@trailbreakerresources.com.
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.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e6f59077-f456-44c8-93ae-96ef3da6ecab
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