Trailbreaker Resources Completes 2022 Exploration Program at Flagship Atsutla Gold Project

Sep 8th, 2022 7:45 EST

VANCOUVER, British Columbia, Sept. 08, 2022 (GLOBE NEWSWIRE) -- Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the completion of the 2022 exploration program at its 100%-owned Atsutla Gold project, located in northwestern British Columbia (BC).

The program included detailed structural geological mapping at the four high-grade gold zones discovered and defined in 2021 with a focus on drill target generation, as well as continued first pass prospecting and soil sampling on newly staked claims.

A total of 330 soil samples and 220 rock grab samples were collected. All assays are currently pending. Prospecting efforts have led to the discovery of several new mineralized zones approximately 3.5 km northeast of the Highlands zone as well as 1.5 km northeast of the Christmas Creek zone. The mineralization is consistent with the high-grade gold veins at both the Highlands and Christmas Creek zones, primarily consisting of quartz-arsenopyrite-galena-pyrite veining and quartz-chalcopyrite-bornite veining. Additional arsenopyrite-rich mineralized outcrops were found at the Swan zone, and widespread quartz-arsenopyrite veining spanning 750m was discovered along a ridge 2 km west of the Swan zone.

                    

Photos 1 and 2: New quartz-bornite-chalcopyrite mineralization 3.5 km NE of the Highlands zone (left) and quart-pyrite-arsenopyrite breccia 1.5 km NE of the Christmas Creek zone (right).

Daithi Mac Gearailt, CEO of Trailbreaker, commented, “The continuing discoveries of mineralized zones at surface over multi-kilometric areas of scale is a true testament of how under-explored this region of British Columbia remains. Furthermore, I am confident the detailed geological mapping efforts completed at the main gold zones will help generate high quality drill targets, de-risking the inaugural drill program.”

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.

Exploration in 2021 included the discovery of widespread high-grade gold at the Highlands zone, with grab samples assaying up to 630 g/t (18.38 oz/ton) gold and 1,894 g/t (55.25 oz/ton) silver from separate samples (see September 13th, 2021 news release). The program also included the identification of four gold zones: the Highlands, Christmas Creek, Willie Jack, and Swan zones (see November 1st, 2021 news release) which span a distance of 28 kilometres. 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.

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.

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.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/9d0a72a3-a375-47ea-bdaf-c69962bb842b

https://www.globenewswire.com/NewsRoom/AttachmentNg/005c5184-17f6-4e95-9015-06cc11449bf4

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