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Trailbreaker Resources Adds Intrusion Related Sheldon Property Located in the Tombstone Gold Belt - Yukon
VANCOUVER, British Columbia, July 31, 2023 (GLOBE NEWSWIRE) -- Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce it h
About this update from Trailbreaker Resources Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, July 31, 2023 (GLOBE NEWSWIRE) -- Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to announce it has now added the 919-hectare (ha) Sheldon property, located in central Yukon, as part of its robust property portfolio. The Sheldon property covers a “Reduced Intrusion Related Gold System” (RIRGS), located within the Tombstone Gold Belt of the Selwyn Basin. The Tombstone Belt is host to gold (Au)-bearing prospects and deposits including: Snowline Gold’s Valley discovery (e.g. 410.0 m @ 1.89 g/t Au)1; Kinross Gold’s Fort Knox mine (10 million ounces of gold, including past production)2 and Victoria Gold’s Eagle mine (4.3 million ounces of gold)3. The property is located along the North Canol Road approximately 110 km northeast of the town of Ross River (Figure 1). The property has excellent infrastructure with road access within 800 m of the property boundary. Highlights of the Sheldon Property Located within the geologically fertile and highly prospective Tombstone Gold Belt of the mining-friendly Yukon Territory; Road accessible via the North Canol Road, approximately 110 km northeast of Ross River; Historic rock samples assayed up to 6.17 g/t Au; Reduced-Intrusion Related Gold System (RIRGS) style mineralization evident on the property, with many characteristic RIRGS geological features; Underexplored, with a number of strong geochemical and geophysical targets identified; 100% owned by Trailbreaker Resources, with no underlying payments or royalties. Figure 1: Location of the Sheldon property within the Tombstone Gold Belt and the Selwyn Basin. Exploration Potential The Sheldon property is underexplored and has undergone only short surface sampling campaigns between the early 1990s and 2012. A regional-scale Z-Axis Tipper Electromagnetic (ZTEM) survey was flown over a significant portion of the Selwyn Basin in 2008. This data was reprocessed by Condor Consulting in 20134 and made publicly available by the Yukon Geological Survey. The data from this survey shows magnetic and conductivity characteristics across the Sheldon property that are common in RIRGS deposits. These features include a high resistivity signature associated with the felsic intrusive rocks and magnetic high features surrounding the intrusions, associated with pyrrhotite-bearing hornfelsed sedimentar...