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Trailbreaker Resources Provides Update on Golden Sable Property, South-Central BC
VANCOUVER, British Columbia, May 30, 2023 (GLOBE NEWSWIRE) -- Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to provide an upd
About this update from Trailbreaker Resources Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, May 30, 2023 (GLOBE NEWSWIRE) -- Trailbreaker Resources Ltd. (TBK.V) (“Trailbreaker” or “the Company”) is pleased to provide an update on the Golden Sable property in south-central British Columbia (BC). Located 175 kilometres north of Kamloops, BC, the Golden Sable property covers 2,568 hectares in two separate claim blocks. The claim blocks are 1.7 kilometres apart, with the ground in between held by a third party (see Figure 1). The west block (GS West, 990 ha) of the Golden Sable property hosts a historic 3-kilometre-long gold-in-soil anomaly that remains open to the southeast (see May 29, 2023 news release) while the east block (GS East, 1,578 ha) displays similar geology and regional geochemistry as the west. One historic drill program was completed on GS West during 2018. The program consisted of 1,339 metres of drilling which included an intersection of 0.83 g/t gold over 24 metres. Trailbreaker has acquired both parcels through an option deal with Cordilleran Properties as well as additional staking. Trailbreaker may obtain 100% interest in the Golden Sable property by making payments of $205,000 to Cordilleran Properties as follows: upon the Effective Date (May 25th, 2023) $15,000; on or before the first anniversary of the Effective Date $30,000; on or before the second anniversary of the Effective Date $60,000; and on or before the third anniversary of the Effective Date $100,000. Trailbreaker will grant Cordilleran Properties a 1% NSR which may be bought back for $500,000. The Company is currently planning a 2023 Phase 1 surficial exploration program to thoroughly evaluate both claim blocks. ON BEHALF OF THE BOARD Daithi Mac GearailtPresident 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 [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 rele...