The ground magnetic survey has highlighted two sets of magnetic lineaments; one which trends northwest-southeast, and the other north-northwest (Figure 1). Historic mineralized drill results and multi-element MMI anomalies occur near the intersection of these lineaments. The magnetic survey results also highlight multiple intrusive phases with distinct concentrations of magnetite and corresponding alteration assemblages. Geological observations associated with strong magnetic high features indicate the presence of magnetite ± chalcopyrite ± malachite on northwest trending joint surfaces.
In addition, Vizsla Copper has informed Trailbreaker that they intend to exercise the terms of the first anniversary of the option agreement for four claim blocks north of the
Message from the President
“The ground magnetic survey has created a great value-add data set which highlights potential mineralization controls at the
Moffat Zone Target Description
The
Figure 1: Total magnetic field (TMI) over the
About the Eagle
The
The four northern claim blocks, totaling ~6,500 hectares, are under an option agreement with Vizsla Copper (see news release dated
The remaining three claim blocks, covering the
The
Golden Sable Option Agreement
Trailbreaker has opted to decline the first anniversary payment and to terminate its option agreement to acquire the Golden Sable property. The property and data have been returned to the optionor. Following compilation of 2023 results, Trailbreaker determined that the project did not meet the company’s requirements for continued exploration moving forward.
About
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
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
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/94317593-625f-448c-9fe6-54abc97a4a4b
![](https://ml.globenewswire.com/media/YmJkMTI0ODEtNDFlMy00MmYyLWE5OTctZWMzMzYxYmUzY2FjLTExMDA2OTU=/tiny/Trailbreaker-Resources-Ltd-.png)
Figure 1
![](https://ml.globenewswire.com/media/94317593-625f-448c-9fe6-54abc97a4a4b/medium/figure-1.jpeg)
Total magnetic field (TMI) over the Moffat zone with magnetic lineaments and magnetic low features highlighted, showing potential controls on mineralization, such as 3.52 g/t Au over 9.9 m in MOF-05. Multi-element MMI soil anomalies are coincident with the intersection of the northwest and north-northwest lineaments and local magnetic lows.
2024 GlobeNewswire, Inc., source