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Trailbreaker Resources Acquires Castle Rock Property, Northern Vancouver Island, Signs Partnership Agreement With Cazador Resources
VANCOUVER, British Columbia, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the
About this update from Trailbreaker Resources Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce the acquisition of the Castle Rock property on northern Vancouver Island, British Columbia (BC). The property was acquired through claim staking, then expanded through a partnership with Cazador Resources Ltd. (“Cazador”) in January, 2023. Together, the companies own 100% of the property with no underlying payments or royalties. In September, 2022, Trailbreaker completed a first-pass prospecting program at the Castle Rock claims. The program was designed to follow up on historic values and included channel sampling, prospecting, and soil sampling. A presentation PDF of the property highlights can be found here. Highlights of the Castle Rock property Covers 3,108 hectares of land on northern Vancouver Island, approximately 70 km northwest of Campbell River, BC (see Figure 1 - Location) Claims cover 5 Minfile occurrences, >5 km-long district-scale structure, and newly identified gold +/- copper-enriched intrusions Relatively new discovery, in an area that hosts copper-gold (Cu-Au) porphyry, volcanogenic massive sulphide (VMS), and gold skarn deposits Northern Vancouver Island is host to several large Cu-Au porphyry deposits including Northisle’s Hushamu deposit (Inferred Resource of 5.57 Moz AuEq), and BHP Billiton’s past producing Island Copper deposit (produced >2.7 B lb Cu and >1.0 Moz Au) Vancouver Island is host to the Myra Falls VMS deposit (>1.5 Moz Au past production) and the Merry Widow gold skarn deposit (>200 Koz Au past production) Newly accessible via recent logging activity Historic chip sample returned assays of 2.0 g/t Au over 30 metres (source: Heart Minfile, 2012) Historic grab sampling from boulders returned assays up to 135 g/t Au, 1.5 km west of Heart showing (source: Flan Minfile, 2007) Gold is hosted in Jurassic granodiorite dykes which have been emplaced along a regional-scale fault zone separating Lower to Middle Triassic Daonella Bed sediments from Upper Triassic Karmutsen Formation basalts Daithi Mac Gearailt, CEO of Trailbreaker, commented, “The Castle Rock property is Trailbreaker’s newest addition to our portfolio of high-quality precious metal and copper assets. This is an overlooked and underexplored area of Vancouver Island ...