New Risk • Mar 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (CA$19.0m market cap, or US$13.7m). Announcement • Mar 25
Trailbreaker Resources Ltd. announced that it has received CAD 3.5 million in funding On March 25, 2026, Trailbreaker Resources Ltd. has closed the transaction. In connection to the closing the company paid cash finders’ fees totaling CAD 108,150 and issued 324,000 non-transferable broker warrants exercisable at CAD 0.50 for 2 years, in accordance with Exchange policies. The offering is subject to final Exchange approval. New Risk • Mar 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (CA$15.1m market cap, or US$11.0m). Announcement • Feb 27
Trailbreaker Resources Ltd. announced that it expects to receive CAD 3 million in funding Trailbreaker Resources Ltd. announced a non-brokered structured private placement offering of up to 2,142,857 CMETC flow-through units (“CMETC FT Units”) at an price of CAD 0.56 per CMETC FT Unit, for gross proceeds of CAD 1,199,999.92 and to issue up to 3,600,000 flow-through units (“FT Units”) at an issue price of $0.50 per FT Unit for gross proceeds of CAD 1,800,000 for total aggregate gross proceeds of CAD 2,999,999.92 on February 26, 2026. Each CMETC FT Unit consists of 1 CMETC FT common share and half of a common share purchase warrant of a common share purchase warrant, each of which will qualify as a "flow-through share". Each full warrant is exercisable at CAD 0.50 for 24 months from the date of issue for one non-flow-through common share. Each FT Unit consists of 1 FT common share and half of a common share purchase warrant, each of which will qualify as a "flow-through share". Each full warrant is exercisable at CAD 0.50 for 24 months from the date of issue for one non-flow-through common share. All of the FT Units and CMETC FT Units issued pursuant to the Offering, which is subject to TSX Venture Exchange acceptance will be subject to a hold period in Canada of four months plus one day from closing. Announcement • Jan 20
Trailbreaker Resources Ltd. Receives Drill Permit for Coho Property, Central British Columbia Trailbreaker Resources Ltd. announced the receipt of a property-wide exploration permit for its 8,000-hectare Coho property, located in central British Columbia (BC), Canada. The Coho property is a drill-ready copper-gold (Cu-Au) porphyry target situated 30 km west of the Mount Milligan mine. A 5-year Multi-Year Area-Based (MYAB) Mines Act permit has been approved by the BC Ministry of Mining and Critical Minerals with a provisional expiry date of December 18th, 2030. Approved Exploration Activities. Diamond drilling, based from up to 50 drill pads. Construction/modification of exploration access trails (up to 15 km); 20 line-km of ground geophysical surveys. Construction of a temporary work camp. Community Engagement. The Coho property is located within the territory of the Takla First Nation, with whom Trailbreaker is committed to continued engagement and to building a working relationship. The Company is currently collaborating with the Takla First Nation on the future drill program. Announcement • Jan 09
Trailbreaker Resources Ltd. Announces Results from its 2025 Exploration Program at the Atsutla Gold Project in Northwestern British Columbia Trailbreaker Resources Ltd. announced results from its 2025 exploration program at the Atsutla Gold project in northwestern British Columbia (BC). Det Detailed prospecting and mapping in the Highlands zone area has expanded the known footprint of high-grade gold (Au) showings and led to discovery of new high-grade copper-gold-silver (Cu- Au-Ag) showings on recently acquired claims. Previous exploration at the Highlands zone led to discovery of a shallowly-dipping shear structure which hosts high-grade gold-bearing quartz veins, returning assays up to 630 g/t Au. During the 2025 program, the structure's continuity was explored on recently acquired claims, expanding the Highlands zone structural feature to a 1.0 km x 1.2 km area. A zone of high-grade copper and silver, the Highlands North zone, was also discovered 1.1 km north of the high-grade gold showings. Mineralization at the Highlands zone is related to a much larger system (Atsutla West), which includes the Christmas Creek and Snook zones. Combined, this area covers 5.0 km x 4.3 km. Trailbreaker's team interprets the gold mineralization to be orogenic in nature, with multiple gold +- silver +- copper-bearing shear zones related to larger faults occurring in the area. At the program's conclusion, samples were flown out and then driven by Trailbreaker personnel to Bureau Veritas' prep lab in Whitehorse, YT. Rock samples were prepared using industry-standard preparation methods, which involved crushing the entire sample until 70% passed through a 2 mm screen. A resulting 250 g split was pulverized to > 85% passing a 75-micron screen (Bureau Veritas prep code PRP70-250). Soil samples were prepared by drying at 60deg C and sieved to -80 mesh (prep code SS80). After preparation, the samples were sent to Bureau Veritas' lab in Vancouver, BC. Rock samples underwent 37-element analysis (analytical code AQ200). This package involves aqua regia digestion (1:1 HNO3:HCl:H2O) of a 0.5-gram split followed by ICP-ES/MS analysis. Rock samples also underwent gold fire assay analysis (code FA350-Au). This package uses a 50-gram split, fire assay, and ICP-ES analysis. Samples assaying >10 g/t Au or >100 g/t Ag underwent additional gravimetric analysis (codes FA550-Au and FA550-Ag). Samples assaying >1% Cu underwent additional atomic absorption (AAS) analysis (code AR401). Soil samples underwent analytical package AQ201 which returns values for 37 elements. This package involves aqua Regia digestion of a 15-gram split followed by I CP-ES/MS analysis. Bureau Veritas performs its own QA/QC procedure and is ISO 17025 certified. Blanks, duplicates, and standard reference materials are sequentially inserted into the client's sample stream to test for contamination, uniformity of element distribution, and analytical accuracy. Announcement • Oct 22
Trailbreaker Resources Ltd., Annual General Meeting, Dec 19, 2025 Trailbreaker Resources Ltd., Annual General Meeting, Dec 19, 2025. New Risk • Sep 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 27% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.8m free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$10.4m market cap, or US$7.51m). New Risk • Mar 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.5m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.8m market cap, or US$8.89m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). New Risk • Jan 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.5m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (CA$16.2m market cap, or US$11.3m). New Risk • Dec 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.5m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.3m market cap, or US$8.10m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Oct 23
Trailbreaker Resources Ltd., Annual General Meeting, Dec 12, 2024 Trailbreaker Resources Ltd., Annual General Meeting, Dec 12, 2024. Announcement • Oct 08
Trailbreaker Resources Ltd. Debuts Chargeability High Feature with Multi-Element Geochemical Anomaly at Swan Zone, Atsutla Project, British Columbia Trailbreaker Resources Ltd. announced the delineation of a donut-shaped chargeability high feature (15-35 mV/V) from an induced polarization (IP) survey completed at the Swan zone. The Swan Zone is a gold (Au) - copper (Cu) - silver (Ag) porphyry target within Trailbreaker's Atsutla Gold Project, northwestern British Columbia (BC). The IP chargeability high is coincident with a 900 m by 700 m Au-Ag +- Cu - molybdenum (Mo) soil and rock (grab samples assaying up to 11.7 g/t Au, 95 g/t Ag, and 0.81% Cu) geochemical anomaly within a zone of advanced argillic (clay mineral) alteration of a granodiorite stock. In combination with a historic IP survey to the northwest, the 2024 IP survey defines a donut-shaped chargeability high feature, with external dimensions of approximately 2.1 km by 1.4 km. The thickness of the chargeability high is approximately 200 m to 500 m. The chargeability signature is strongest near-surface and extends to at least 300 m of depth. The southern portion of the chargeability high feature is correlated with a wider (~700 m) zone of low resistivity (<800 ohm-m). The high chargeability anomaly may represent distribution of disseminated pyrite, and the low resistivity feature may be caused by alteration minerals, including sericite, pyrophyllite and clay minerals, identified during geological mapping. The combination of these features commonly occurs in the phyllic alteration assemblage surrounding porphyry deposits. Induced Polarization Survey Parameters: Trailbreaker contracted Aurora Geosciences Ltd. (Aurora) to complete an induced polarization survey on the Swan Au-Cu-Ag target at the Atsutla Gold project. The IP survey was designed to extend a historic (1976) IP survey that defined a semi-circular chargeability high feature. The survey also covers the Swan multi-element geochemical anomaly that was defined by Trailbreaker between 2021 and 2024. A total of 21 line-kilometers were surveyed across seven 200-metre spaced IP lines, each 3 km in length, covering an area of 3.75 km2. The survey used an inline pole-dipole (2D survey) array with a 100-metre dipole spacing. The estimated depth of investigation of the survey is 300 m below surface. Equipment used by Aurora for the IP survey included IRIS Instruments' FullWaver System of 21 dual-channel voltage receivers (V-FullWaver) and two current receivers (I-FullWaver), as well as a GDD TX IV 5 kW IP transmitter powered by a 7 kW mobile generator. Stainless steel electrodes were used to provide ground contact, occasionally with the use of salt water to improve contact resistance in talus material.
Once collected, IP data underwent quality assurance and quality control (QA/QC) validation and data processing. Campbell & Walker Geophysics reviewed the validated data, completed inversions as 2D sections and interpolated the data to produce a pseudo 3D model, including a 3D voxel model, as well as iso-surfaces and depth slice maps. Soil Sampling and Prospecting: A total of 1,165 soil and 28 rock samples were collected on the eastern side of the Atsutla Gold project concurrently with the completion of the IP survey. Soil sampling was completed on a north-south grid extension of previous Swan soil surveying, as well as along ridge and spurs of nearby mountains within the Upper Cretaceous Glundebery batholith. Sampling extended the Swan multi-element soil anomaly 400 m to the west. In addition, sampling has improved definition of an Au-Ag ± Cu-in-soil anomaly ~1 km east of the Swan zone, and a pathfinder element anomaly, including arsenic (As) -bismuth (Bi) ± Mo ± Au ± Ag ± Cu, ~2 km across a valley to the west. These anomalies, including the Swan zone, define an east-west corridor of prospective geology across 4.5 km. New Risk • Sep 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.5m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.3% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.5m market cap, or US$9.93m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). Announcement • Sep 16
Trailbreaker Resources Ltd. Announces the Results from Surface Sampling At the Liberty Property, Central British Columbia Trailbreaker Resources Ltd. announced the results from surface sampling at the Liberty Property, central British Columbia (BC). Soil sampling defined a property-scale (10 km in length and up to 1.8 km wide) arc shaped, copper (Cu)-in-soil anomaly. Prospecting near the southwestern extent of the soil anomaly resulted in rock samples assaying up to 15.62% Cu (float grab sample) and 23.71% Cu (subcrop grab sample). A continuous chip sample near these rock samples assayed 2.15% Cu over 3.0 m. Subsequent to completion of the surface program, additional claims totaling 1,841 hectors were staked to the southwest to cover the open-ended soil anomaly and the strike extent of the high-grade copper mineralization. Results from this surface program are being utilized in the preparation and design of a new area-based permit application for Liberty, which will allow for advanced exploration beyond the limited area drilled in the spring. Prospecting in the southwestern portion of the property returned numerous rock samples with >1% Cu. including 23.71% Cu from a malachite vein striking 140deg - 320deg. This area displays iron-carbonate, talc, and actinolite alteration along the contact between ultramafic rocks to the northeast and an argillite unit to the southwest. This contact was also identified in outcrop 900 m to the northwest, with similar iron-carbonate alteration and elevated Cu values (up to 0.23% Cu in float around the contact). The Cu-in-soil anomaly is particularly strong along this contact and extends to the northeast, with an average width of 1.8 km. The malachite mineralization in the southwest Liberty property area shares similarities with the highest-grade mineralization encountered from the Spring, 2024 drilling which returned 34.2 m of 0.47% Copper Equivalent (CuEq), including 5.9 m of 2.02% CuEq, in hole LIB24-003; 13.5 m of 0.33% CuEq, including 6.6 m of 0.67% CuEq in LIB24-001; and 6.0 m of 0.45% CuEq and 2.3 m of 0.36% CuEq in LIB24-004. New Risk • Aug 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (49% increase in shares outstanding). Market cap is less than US$100m (CA$16.6m market cap, or US$12.1m). Announcement • Aug 13
Trailbreaker Expands Watchtower Zone Gold Anomaly to 350M X 200M Along A 3Km Gold Trend At Castle Rock Property Trailbreaker Resources Ltd. announced that recent surface sampling at the Watchtower zone has outlined a continuous gold (Au)-in-soil anomaly covering a 350 m by 200 m area. The zone trends northwest-southeast along a more extensive 3 km long gold-in-soil trend. Rock sampling from this zone returned assay values up to 2.19 g/t Au, 0.54% copper (Cu), and 6.2 g/t silver (Ag) from an outcrop with a ‘wormy’ quartz vein stockwork. The ‘wormy’ vein texture indicates a ductile deformational environment, with emplacement of quartz veining under high-temperature conditions, potentially in proximity to an intrusive body. Surface sampling was conducted at the Castle Rock property, northern Vancouver Island, British Columbia (BC) as follow-up exploration based on 2023 results. A total of 339 soil and 72 rock samples were collected across the property. Trailbreaker has now applied for an advanced exploration permit at Castle Rock. The Watchtower zone was discovered in 2023 through systematic soil sampling. Follow-up sampling in 2024 shows the potential scale of this zone. The Watchtower soil anomaly is oblique to the Heart zone and may interconnect at the southern extents of these anomalies. Mineralization at the Heart zone is hosted by Jurassic granodiorite dykes emplaced along a regional-scale structure. The Watchtower zone may represent a buried intrusive center similar to the Heart zone. Infill soil sampling at the Kokummi zone, southeast of the Heart zone, indicates continuity of the Au-in-soil trend over an 850 m strike extent with a 250 m width. The Kokummi zone occurs along a north-northwest striking fault near its contact with the Kokummi stock. ‘Wormy’ quartz veining with potassic alteration selvages occur in this zone, together with anomalous Cu values from rock sampling, indicating that a potential buried intrusion may be the source of the Au-in-soil anomaly. First-pass prospecting was conducted at the Moakwa zone, on the eastern side of Castle Rock property, where elevated Au values from moss-mat sampling were returned in 2023. Numerous rock samples were taken over an 800 m strike extent, returning anomalous Cu assays up to 0.282%. Anomalous copper-in-rock values at the Moakwa zone indicate potential for further mineralization at the Castle Rock property. Announcement • Jul 23
Trailbreaker Resources Ltd. Intersects 0.47% CuEq over 34.2 M in Drilling At Liberty Property Trailbreaker Resources Ltd. announced that drilling from the inaugural program at the Liberty property has intersected a copper (Cu) and molybdenum (Mo) porphyry system. All drill holes from the recently completed 2,442 m diamond drill program at the Liberty property in central British Columbia (BC) intersected Cu and Mo mineralization. Composited drill results are presented in Table 1, with highlight drill intervals including: LIB24-003 intersected: 34.2 m of 0.47% Copper Equivalent (CuEq) from 385.0 m; Including 14.7 m of 0.94% CuEq from 404.5 m; Including 5.9 m of 2.02% CuEq from 410.2 m. LIB24-001 intersected: 13.5 m of 0.33% CuEq from 257.5 m; And 6.6 m of 0.67% CuEq from 300.9 m. LIB24-004 intersected: 6.0 m of 0.45% CuEq from 431.0 m; and 2.3 m of 0.36% CuEq from 500.0 m. This first-pass drilling has confirmed that porphyry and related skarn mineralization is widespread at Liberty. Mineralization remains open to the southeast, north, and at depth. Copper grades increase toward the southeast, as shown near the end of hole LIB24-004. This mineralization is south of the historic IP survey area and the mobile metal ion (MMI) soil anomaly, and represents a large, underexplored portion of the property requiring additional exploration to vector toward a potential higher-grade core of the system. The location and number of drill pads used in the 2024 program were restricted by an existing permit covering a small portion of the property. Based on these results, a new permit application is being prepared to conduct work beyond the current permit area, where mineralization is open. The 5,054-hectare Liberty Property is located approximately 60 km northwest of Quesnel, BC. The property is fully accessible by resource roads. The primary target of the Liberty project is a northwest-trending Cu-Mo +- Au +- Ag MMI soil anomaly. This overlaps an IP chargeability feature on the margin of the granitic intrusion. A historic drill hole to the south of this coincident anomaly returned an interval of 123.1 m of 0.11% Cu and 0.04% MoS2. For more information on this target see the news release dated January 22, 2024 and the Liberty Project webpage. In addition to the Cu-Mo porphyry target and the Cu-skarn target, which returned assay values of >8.0% Cu from historic trenching, the property also covers an epithermal gold target, where epithermal vein textures have been observed in a road cut. The company has an experienced management team with a proven track record as explorers and developers throughout the Yukon Territory, British Columbia, Alaska and Nevada. Announcement • Jun 13
Trailbreaker Resources Ltd. Announces the Completion of First-Pass Diamond Drill Program Focusing on the Copper-Molybdenum Trailbreaker Resources Ltd. announce the completion of first-pass diamond drill program focusing on the copper-molybdenum (Cu-Mo) porphyry target at its 100% owned Liberty property in central British Columbia (BC). The program comprised 2,442 m of diamond drilling in seven holes, ranging from 183 m to 505 m of depth . Permitting conditions constrained drilling to existing areas of disturbance over the target. Drill core is being logged, sampled, and prepared for analysis. The drill program was focused on testing a copper-molybdenum ± gold ± silver (Cu-Mo ± Au ± Ag) geochemical soil anomaly1 coincident with an induced polarization (IP) chargeability and resistivityanomaly. A historic drillhole by Rio Tinto returned an interval of 123.1 m grading 0.11% Cu and 0.04% MoS2 from surface to end of hole. This hole is located approximately 300 m directly south of the geophysical and geochemical targets that were the focus of the 2024 drill program. The historic drill hole is interpreted by the company as collared at the margin of a mineralized porphyry body. Reprocessing and 3D inversion imaging of the historic IP data were completed earlier this year and were heavily utilized in the drill planning process. Announcement • Apr 24
Trailbreaker Resources Ltd. Commences Drilling At the Liberty Copper Property, BC Trailbreaker Resources Ltd. announced that it has commenced its 2024 drill program focussing on the copper-molybdenum (Cu-Mo) porphyry target at its 100% owned Liberty property in central British Columbia (BC). The program comprises up to 2,000 m of diamond drilling, testing a Cu-Mo +- gold (Au) +- silver (Ag) geochemical soil anomaly coincident with an induced polarization (IP) chargeability and resistivity anomaly. A historic drillhole by Rio Tinto returned an interval of 123.1 m grading 0.11% Cu and 0.04% MoS21 from surface to end of hole. The historic drill hole is interpreted by the company as collared at the margin of a mineralized porphyry body. Reprocessing and 3D inversion imaging of the historic IP data were completed earlier this year and is being utilized in the drill targeting process. The 5,054-hectare Liberty Property is located approximately 60 km northwest of Quesnel, BC. The property is fully accessible by resource roads. The primary target of the Liberty project is a northwest-trending Cu-Mo +- Au +- Ag Mobile Metal Ion (MMI) soil anomaly. This overlaps an IP chargeability feature on the margin of the granitic intrusion. A historic drill hole to the south of this coincident anomaly returned an interval of 123. 1 m of 0.11% Cu and0.04% MoS21. In addition to the Cu-Mo porphyry target and the Cu-skarn target, which returned assay values of >8.0% Cu from historic trenching, the expanded property also covers an epithermal gold target, where epithermal vein textures have been observed in a road cut. Nearby soil and test pit samples returned anomalous grades of gold (Au) and arenic (As). These may represent a lower-temperature epithermal portion of the hydrothermal system. Announcement • Apr 11
Trailbreaker Resources Ltd. announced that it has received CAD 2.3525 million in funding On April 10, 2024, Trailbreaker Resources Ltd. closed the transaction. Announcement • Mar 20
Trailbreaker Resources Ltd. announced that it expects to receive CAD 2.3525 million in funding Trailbreaker Resources Ltd. announced a non-brokered private placement of up to 1,406,250 CMETC flow-through units at a price of CAD 0.64 per CMETC flow-through unit for gross proceeds of up to CAD 900,000; up to 2,593,750 flow-through units at a price of CAD 0.56 per flow-through unit for gross proceeds of up to CAD 1,452,500; for aggregate gross proceeds of CAD 2,352,500 on March 19, 2024. Each CMETC flow-through unit consisting of one flow-through common share and one half of one transferable nonflow-through common share purchase warrant. Each flow-through unit consisting of one flow-through share and one half of one warrant. Each warrant will be exercisable to acquire one additional non-flow-through common share at a price of CAD 0.60 for 24 months following the date of issuance. The offering is expected to close on or about April 10, 2024 and is subject to the receipt of all necessary regulatory and other approvals, including, but not limited to, acceptance of the TSX Venture Exchange. The offered securities will be subject to a hold period of four months and one day from the closing date of the offering in accordance with applicable securities laws. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Frank Wheatley was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 29
Trailbreaker Resources Ltd. Reports Results from the 2023 Surficial Exploration Program at Their Castle Rock Property on Northern Vancouver Island, British Columbia Trailbreaker Resources Ltd. reported geochemical results from the 2023 surficial exploration program at their Castle Rock property on northern Vancouver Island, British Columbia (BC). Highlights from the surficial exploration program include: Definition of a 3 km gold-in-soil geochemical anomaly along a magnetic lineament, including the newly defined Kokummi and Watchtower zones; Rock samples assaying up to 42.1 g/t gold (Au) and 1.93% Copper (Cu) at the Flan zone, confirming historic results; Extension of the Heart zone in outcrop, with rock sample results up to 2.21 g/t Au (175 m north of the Heart showing) and 2.18 g/t Au (80 m east of it); Interpretation of magnetic lineaments suggests that mineralization is associated with northwest trending structures splaying off the Kokummi granodioritic stock in the southwest property area. This indicates much of the unexplored property areas may have elevated mineral potential. The Heart showing was discovered in 2012 and consists of a brecciated granodiorite dyke containing 5 to 10% pyrite-chalcopyrite. Historic chip sampling returned assays of 2.0 g/t Au over 30 metres1. During the 2023 surface campaign, rock samples collected from an outcrop 175 m north-northwest of the Heart showing returned assay results up to 2.2 g/t Au. These samples were collected from a strongly oxidized granite, very similar to the main Heart zone showing. Additionally, gossanous basalt containing pyrite was sampled in outcrop 80 m east-northeast of the Heart showing, and returned assay results up to 2.,2 g/t Au. Soil sampling near the Heart showing expanded the continuous gold-in-soil anomaly, defining the Heart zone to approximately 1,150 m in strike length and up to 300 m in width. A new multi-sample gold-in-soil anomalies, the Watchtower zone, was identified approximately 325 m to the southwest of the Heart showing. About the Castle Rock property covers 3,108 hectares of land, approximately 70 km northwest of Campbell River, BC on northern Vancouver Island. It was acquired by Trailbreaker in 2022 and was recently consolidated through an option agreement with Cazador Resources Ltd. The claims cover five BC Minfile occurrences on a district-scale structure that is >5 km-long, with newly identified gold +- copper-enriched intrusions. These Minfile occurrences are relatively new discoveries, mostly due to access created by recent logging activity. The company is committed to continuous exploration and research, allowing to maintain a portfolio of quality mineral properties which in turn provides value for shareholders. The company has an experienced management team with a proven track record as project generators and developers throughout the Yukon Territory, British Columbia, Alaska and Nevada. Announcement • Oct 14
Trailbreaker Resources Ltd., Annual General Meeting, Dec 15, 2023 Trailbreaker Resources Ltd., Annual General Meeting, Dec 15, 2023. Announcement • Sep 26
Trailbreaker Resources Completes Exploration Program at Castle Rock Property, Northern Vancouver Island Trailbreaker Resources Ltd. completed a surficial exploration program at its Castle Rock property on northern Vancouver Island, British Columbia (BC). The program consisted of the collection of 497 soil samples, 50 prospecting grab samples, and geological mapping. It was primarily designed to follow up on the channel sample and associated 400 m x 50 m gold-in-soil anomaly defined as the Heart zone in 2022. The Castle Rock property covers 3,108 hectares on Northern Vancouver Island, approximately 70 km northwest of Campbell River, BC. It was acquired by Trailbreaker in 2022 and was recently consolidated through an option agreement. The claims cover five BC Minfile occurrences along a district-scale structure that is >5 km long, with newly identified gold ± copper-enriched intrusions. These Minfile occurrences are relatively new discoveries, mostly due to access created by recent logging activity. Northern Vancouver Island is host to several large copper-gold (Cu-Au) porphyry deposits including Northisle’s Hushamu deposit (Inferred Resource of 5.57 Moz AuEq)1, and BHP Billiton’s past producing Island Copper porphyry copper deposit (has produced >2.7 B lb Cu and >1.0 Moz Au) 1. At the Castle Rock property, gold is dominantly hosted in Jurassic granodiorite dykes emplaced along a regional-scale fault zone separating Lower to Middle Triassic Daonella Bed sedimentary rocks from Upper Triassic Karmutsen Formation basalts. The soil survey was also extended to cover the Flan zone, located approximately 1.5 km west of the Heart zone. The zone was originally discovered in 2000 and comprises numerous high-grade boulders assaying up to 135 g/t Au3. Prospecting at the Flan zone during the 2023 program uncovered significant pyrrhotite-chalcopyrite mineralization hosted in a mafic volcanic unit. While the boulders were originally interpreted as sourced from the Heart zone, the mineralized volcanic rocks may represent a recently exposed bedrock source discovered in 2023 within 200 metres of the historic location of the boulders. Announcement • Sep 15
Trailbreaker Resources Ltd. Extends Surficial Gold Signature at Golden Sable Property, South-Central BC Trailbreaker Resources Ltd. announced results from its 2023 surficial exploration program at the Golden Sable property in south-central British Columbia (BC). Efforts were focused on investigating a historic 3-kilometre-long gold-in-soil anomaly. The program was successful in extending the anomaly a further 1 kilometre to the southeast, where it remains open. The 2,852-hectare Golden Sable property is located 75 km northeast of Kamloops, BC, and 20 km south of Bridge Lake, BC. It is easily accessible via Highway 24 and the Bonaparte Forest Service Road. Golden Sable comprises two main areas, Golden Sable (GS) East and GS West, which are contiguous. The Golden Sable property covers an intrusion-related gold target. The claims lie within the Quesnel tectonic terrane that hosts many of British Columbia’s active and past-producing gold mines. Middle to Upper Triassic Nicola Group volcanics and sedimentary rocks comprise the majority of the underlying bedrock geology. The property also straddles the margins of a large, early Jurassic hornblende-biotite granodiorite pluton with prevalent younger mafic and andesitic dikes. From 2006 to 2013 Amarc Resources delineated the 3-kilometre-long soil anomaly on the GS West block, which was subsequently drill tested by Sable Resources in 2018. The inaugural, 1,339-metre drill program conducted by Sable Resources on the GS West block encountered gold mineralization in 5 of 7 drill holes. Results include an intersection of 0.83 g/t gold (Au) over 24.0m, including 2.4 g/t gold over 4.0m. Gold mineralization was found to be associated with mafic and intermediate dike swarms trending northwest – southeast along the granitic contacts. No follow-up drilling has been conducted to date, and the majority of the gold-in-soil anomaly remains untested. The 2023 surficial exploration program was designed to evaluate the quality of the historic soil sample locations, locate the historic drill holes, map and prospect available outcrops, and continue soil sampling to the southeast of the GS West historic gold-in-soil trend. The program was successful in extending the GS West gold-in-soil anomaly 1 km farther to the southeast, where it remains open. Assaying of the soil samples within this trend returned values up to 242 ppb Au. A tightly-spaced soil sample grid was also performed over historic soil samples in the area of drilling to evaluate the consistency and quality of previous results. Assay results within this grid returned values up to 601 ppb Au and displayed a similar anomalous signature to that of the historic soil sampling, confirming the validity of the historic anomaly. Announcement • Sep 06
Trailbreaker Resources Ltd. Intersects Gold Mineralization in All Drillholes from Maiden Drill Program At Eakin Creek Property, South-Central Bc Trailbreaker Resources Ltd. announced drill results from the recent 2,039-m first-pass diamond drill program at the Eakin Creek gold property in south-central British Columbia. Drilling returned gold-bearing intervals in all eleven drillholes, and successfully identified a bedrock source of the surface geochemical anomalies. Additional drilling is recommended in order to expand the known zones of mineralization. The Eakin Creek property is located 100 kilometres north of Kamloops, BC and can be accessed via Highway #24 and by well-maintained forest service roads. The claims cover 1,610 hectares of prospective ground that drains into placer gold-bearing Eakin Creek. The target was initially acquired due to: the historic ‘G Occurrence’ located on the highway in one of the few exposed outcroppings on the property; a field of gold-bearing boulder samples (inferred to be local), and a grouping of some of the highest gold-in-till values in BC from regional till sampling. During 2022, Trailbreaker completed a 10.75 line-kilometre Induced Polarization survey, a 302-sample Mobile Metal Ion soil survey, and a prospecting program. A 1,000 x 600-metre area was defined as having a gold-silver-copper-antimony (Au-Ag-Cu-Sb) soil anomaly coincident with chargeability and resistivity anomalies. Also, widespread gold mineralization in bedrock and float samples was identified. The 2023 drill program was designed to comprehensively test this area. Drilling has successfully defined a widespread system of gold mineralization at the Eakin Creek property. Intervals returning anomalous gold values were encountered in all eleven drillholes. Gold mineralization in drill core is associated with zones of silicified intermediate intrusive rocks hosting disseminated pyrite and quartz-carbonate-chlorite veins containing pyrite ± magnetite. Gold mineralization is strongly correlated with silver (Ag) and tellurium (Te). This style of mineralization is similar to that observed within “float” material at surface. It is therefore interpreted that drilling has encountered the bedrock sourc e of the surface geochemical anomaly. Gold mineralization was also found to be structurally associated, particularly with faulting. Zones of faulting, brittle deformation, and brecciation were found to be spatially associated with increased gold grades. New Risk • Sep 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Earnings have declined by 27% per year over the past 5 years. Shareholders have been substantially diluted in the past year (144% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.54m market cap, or US$6.28m). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Aug 10
Trailbreaker Resources Ltd. Consolidates Castle Rock Property, Northern Vancouver Island Trailbreaker Resources Ltd. announced that it has consolidated the Castle Rock property on northern Vancouver Island, British Columbia (BC). The property was initially acquired through claim staking, then expanded through a partnership with Cazador Resources Ltd. ("Cazador") in January, 2023. Trailbreaker has now signed an agreement with Cazador which provides Trailbreaker with the option to own 100% of the 3,108-hectre (ha) Castle Rock property. Highlights of the Castle Rock property: Covers 3,108 hectares of land on northern Vancouver Island, approximately 70 km northwest of Campbell River, BC; Claims cover 5 Minfile occurrences on a district-scale structure that is >5 km-long, and newly identified gold +- copper-enriched intrusions; Relatively new discovery, in an area that hosts copper-gold (Cu-Au) porphyry and 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 porphyry copper deposit (produced >2.7 B lb Cu and >1.0 Moz Au); Newly accessible via recent logging activity. Historic chip sample returned assays of 2.0 g/t Au over 30 metres2 at the Heart zone, which is a brecciated zone containing 5 to 10% pyrite-chalcopyrite. Historic sampling returned assays up to 135 g/t Au from boulders, 1.5 km west of the Heart zone; Gold is hosted in Jurassic granodiorite dykes which have been emplaced along a regional-scale fault zone separate Lower to Middle Triassic Daonella Bed sedimentary rocks from Upper Triassic Karmutsen Formation basalts. In September, 2022, Trailbreaker completed a 3-day first-pass evaluation program on the Castle Rock claims. The program successfully confirmed historic gold grades, with 2022 channel sample returning values up to 0.68 g/t Au over 13.11 m, including a subinterval of 1.85 g/t Au over 2.92 m. A soil geochemical survey outlined a 50 m x 400 m, northwest-southeast trending gold-in-soil anomaly interpreted to represent the surface footprint of the gold-bearing dyke exposed at the Heart zone. Soil values up to 5.44 g/t Au were returned, and the anomaly remains open. The showing consists of numerous high-grade boulders assaying up to 135 g/t gold mineralization than identified thus far. The geochemical survey, combined with prospecting and geological mapping, is intended to lead to drill target generation at the Heart zone, and may result in further discoveries within the 3,108-ha property. Announcement • Jul 12
Trailbreaker Resources Ltd. Mobilizes to Golden Sable Property, South-Central BC Trailbreaker Resources Ltd. announced that it has mobilized to the Golden Sable property in south-central British Columbia (BC) for its 2023 surficial exploration program. Efforts will be focused on extending the known 3-kilometre-long gold-in-soil anomaly that remains open to the southeast. The 2,568-hectare Golden Sable property is located 75 km northeast of Kamloops, BC, and 20 km south of Bridge Lake, BC. It is easily accessible via Highway 24 and the Bonaparte Forest Service Road. Golden Sable comprises two claim blocks, the Golden Sable (GS) East and GS West blocks, which are spaced 1.7 kilometres apart. The blocks are separated by ground held by a third party. The Golden Sable property covers an intrusion-related gold target. The claims lie within the Quesnel tectonic terrrane that hosts many of British Columbia's active and past-producing gold mines. Middle to Upper Triassic Nicola Group volcanics and sedimentary rocks comprise the majority of the underlying bedrock geology. The property also straddles the margins of a large, early Jurassic hornblende-biotite granodiorite pluton with prevalent younger mafic and andesitic dikes. From 2006 to 2013 Amarc Resources delineated the 3-kilometre- long soil anomaly on the GS West block, which was subsequently drill tested by Sable Resources in 2018. The inaugural, 1,339-metre drill program conducted by Sable Resources on the GS West block encountered gold mineralization in 5 of 7 drill holes. Results include an intersection of 0.83 g/t gold over 24.0m, including 2.4 g/t gold over 4.0m. Gold mineralization was found to be associated with mafic and intermediate dike swarms trending northwest - southeast along the granitic contacts. No follow-up drilling has been conducted to date, and the majority of the gold-in-soil anomalies remains untested. The recent construction of both firebreak and logging road networks since the 2018 drilling has exposed a significant amount of bedrock. The 2023 exploration program will also include channel sampling on newly exposed outcrops where warranted, geological mapping, and prospecting. Announcement • Jun 30
Trailbreaker Resources Ltd. Completes Maiden Drill Program At Eakin Creek Property, South-Central Bc Trailbreaker Resources Ltd. announced that it has completed the maiden diamond drill program at its 100%-owned Eakin Creek gold property in south-central British Columbia (BC). The drill program consisted of 2,039 metres (of a planned 2,000 metres) across eleven diamond drill holes. Drilling commenced on May 24th, 2023 and was completed by June 20th, 2023. The drill holes covered 750 metres of strike length and 800 metres across strike. The NQ-sized drill core was logged and split on-site by Trailbreaker personnel and sent to Bureau Veritas in Vancouver, BC for analysis. The program was designed to test coincident induced polarization (IP) and geochemical anomalies outlined during the 2022 exploration program, as well as the numerous surficial gold showings found within these anomalies. All assay results remain pending. The Eakin Creek property is located 100 kilometres north of Kamloops, BC and can be accessed via Highway #24 and by well-maintained forest service roads. The claims cover 1,610 hectares of prospective ground that drains into placer gold-bearing Eakin Creek. The target was initially acquired due to: the historic 'G Occurrence' found on the highway in one of the few exposed outcroppings on the property, a field of gold-bearing boulder samples (inferred to be local), and a group of the highest gold-in-till values from regional till sampling in BC. During 2022, Trailbreaker performed a 10.75 line-kilometre IP survey, a 302-sample Mobile Metal Ion (MMI) soil survey, and prospecting. A 1,000 x 600-metre area was defined as having an Au-Ag-Cu-Sb (gold-silver-copper-antimony) soil anomaly coincident with an IP geophysical anomaly. Also, widespread gold mineralization in bedrock and float samples was identified. The 2023 drill program was designed to thoroughly test this area. Drill collar locations at Eakin Creek. For more details and maps on Eakin Creek see the dedicated section on Trailbreaker's website. Announcement • May 30
Trailbreaker Resources Ltd. (TSXV:TBK) acquired 2,568-hectare Golden Sable property in British Columbia from Cordilleran Properties. Trailbreaker Resources Ltd. (TSXV:TBK) entered into an option agreement to acquire 2,568-hectare Golden Sable property in British Columbia from Cordilleran Properties on May 29, 2023. Under the terms of the transaction, The property was acquired through an option agreement and further via additional staking.
Trailbreaker Resources Ltd. (TSXV:TBK) completed the acquisition of 2,568-hectare Golden Sable property in British Columbia from Cordilleran Properties on May 29, 2023. Announcement • May 24
Trailbreaker Resources Ltd. Mobilizes for Maiden Diamond Drill Program at its 100%-Owned Eakin Creek Gold Property in South-Central British Columbia Trailbreaker Resources Ltd. announced that it has mobilized for the maiden diamond drill program at its 100%-owned Eakin Creek gold property in south-central British Columbia (BC). Drilling is planned to commence on May 24, 2023 and will consist of up to 2000 metres of diamond drilling. The program has been designed to test coincident induced polarization (IP) and geochemical anomalies outlined during the 2022 exploration program, as well as the numerous surficial gold showings found within these anomalies. The Eakin Creek property is located 100 kilometres north of Kamloops, BC and can be accessed via Highway #24 and by well-maintained forest service roads. The claims cover 1,610 hectares of prospective ground that drains into placer gold-bearing Eakin Creek. The target was initially acquired due to: the historic G Occurrence found on the highway in one of the few exposed outcroppings on the property, a field of gold-bearing boulder samples (inferred to be local), and a grouping of some of the highest gold-in-till values from regional till sampling in BC. During 2022, Trailbreaker performed a 10.75 line-kilometre IP survey, a 302-sample Mobile Metal Ion (MMI) soil survey, and prospecting. A 1,000 x 600-metre area was defined as having an Au-Ag-Cu-Sb (gold-silver-copper-antimony) soil anomaly coincident with an IP geophysical anomaly. Also, widespread gold mineralization in bedrock and float samples was identified. The 2023 drill program has been designed to thoroughly test this area. Announcement • May 06
Trailbreaker Resources Ltd. announced that it has received CAD 0.715 million in funding On May 4, 2023, Trailbreaker Resources Ltd. closed the transaction. The company has received approval from TSX Venture Exchange. All securities issued pursuant to the Financing are subject to a 4-month hold. Announcement • Feb 10
Trailbreaker Resources Ltd. announced that it expects to receive CAD 0.9 million in funding Trailbreaker Resources Ltd. announced a non-brokered private placement issue up to 5,000,000 flow-through units at an issue price of CAD 0.12 per flow-through unit for gross proceeds of up to CAD 600,000, and 3,000,000 non-flow through units at an issue price of CAD 0.10 per non-flow through unit for gross proceeds of up to CAD 300,000 for aggregate gross proceeds of up to CAD 900,000 on February 9, 2023. Each flow-through unit consisting of one flow-through common share and one common share purchase warrant, each warrant being exercisable for an additional common share of the company at a price of CAD 0.15 for 36 months following the date of issuance, subject to the right of the company to accelerate the exercise period to 30 days if, following the expiry of the 4-month hold, shares of the company close at or above CAD 0.25 for 10 consecutive trading days. Each non-flow through unit consisting of one common share and one common share purchase warrant, each warrant being exercisable for an additional common share of the company at a price of CAD 0.15 for 36 months following the date of issuance, subject to the right of the company to accelerate the exercise period to 30 days if, following the expiry of the 4- month hold, shares of the Company close at or above CAD 0.25 for 10 consecutive trading days. In connection with the private placement, the company may pay finders’ fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four month and one day hold period. The private placement is subject to approval by the TSX Venture Exchange. The private placement is expected to close on or before February 24, 2023. Announcement • Nov 29
Trailbreaker Resources Ltd. Announces Results of the 2022 Exploration Program at its 100%-Owned Atsutla Gold Project, Located in Northwestern British Columbia Trailbreaker Resources Ltd. announced the results of the 2022 exploration program at its 100%-owned Atsutla Gold project, located in northwestern British Columbia (BC). First-pass prospecting on newly staked claims has led to the discovery of high-grade gold mineralization 3.5 km northeast of the Highlands zone, in an area now termed the ‘Snook zone.’ Assays of rock grab samples returned values up to 53.3 g/t gold (Au) from quartz vein talus boulders with galena-bornite-chalcopyrite mineralization. Twenty-four kilometres east of the Highlands and Snook zones, follow-up prospecting and soil sampling at the Swan zone revealed a new gold-in-soil anomaly. This is located about one kilometre northeast of the 900 m x 700 m multi-element anomaly representing the surface expression of a porphyry centre defined in 2021. This new anomaly is about 559 metres long, with values up to 268 ppb Au. Assays of rock grab samples from the Swan zone yielded values up to 11.7 g/t Au and 212 g/t silver (Ag) (separate samples). Between the Swan and Snook zones lies a large area of un-explored ground. First-pass prospecting in the Shownektaw Creek area led to the discovery of multiple new gossanous alteration zones within the Christmas Creek Batholith. A grab sample of gossanous talus float returned an assay of 22.1 g/t Au. The 2022 exploration program also included detailed structural and geological mapping at the four high-grade gold zones discovered and defined in 2021, with a focus on drill target generation. Thirty-one samples were sent for petrographic analysis to aid in determining the nature of the widespread gold mineralization. This independent structural report remains outstanding, and the Company will issue another press release providing the results once received. Newly discovered Snook zone The Snook zone is located 3.5 km northeast of the Highlands zone – a 2021 discovery consisting of multiple high-grade and visible gold showings (>100 g/t Au) across a 750 m x 600 m area. A previously identified prominent east-west trending fault (the Snook Fault) defines the southern boundary of the zone and cuts through Snook Lake. At least two generations of quartz veining were identified at the Snook zone. The earlier set comprises steeply dipping sheeted veins which are crosscut by later shallow-dipping veins. Sulphide mineralization consists of variable amounts of pyrite, bornite, chalcopyrite, galena, and arsenopyrite. Galena and arsenopyrite appear to be constrained to the later set of quartz veining. The veining occurs within granodiorite of the early Jurassic Christmas Creek Batholith. Highlights include: 53.3 g/t Au from a quartz vein boulder with galena-chalcopyrite mineralization; 7.55 g/t Au from an outcrop of sheeted quartz veins typically 5-10 cm wide with chalcopyrite-pyrite mineralization; 9.78 g/t Au from a quartz vein boulder with arsenopyrite-pyrite mineralization south of the Snook Fault. Swan zone follow-up and reconnaissance sampling: The 2022 work program included follow-up and reconnaissance exploration at the Swan zone. The Swan zone area was initially staked by Trailbreaker to cover a historical molybdenum-copper porphyry prospect that was discovered in the late 1960s and explored periodically since then. Despite the collection of more than 500 soil and surface rock samples, and the completion of almost 1,000 metres of shallow diamond drilling, no geochemical analysis for gold was done before Trailbreaker staked the area. In 2021, Trailbreaker identified a 900 m x 700 m gold (Au) – arsenic (As) – silver (Ag) – antimony (Sb) – copper (Cu) – molybdenum (Mo) – lead (Pb) soil anomaly, with multiple gold and silver showings in bedrock. The core of the soil anomaly is located 1.2 km east of the historical drilling. Exploration in 2022 led to the discovery of additional gold mineralization within the soil anomaly, whereby assaying of rock grab samples returned values up to 11.7 g/t Au, 212 g/t Ag, and 0.12% Cu. Gold is associated primarily with disseminated and massive arsenopyrite mineralization within a porphyritic leucogranite unit of the Upper Cretaceous Glundebery Batholith. A reconnaissance soil sample line identified a new 550-metre-long gold anomaly located 1 km east of the main Swan zone anomaly. Assaying of soil samples yielded values up to 268 ppb Au within this new anomaly. First-pass prospecting was conducted on a ridge 2 km west of the Swan zone, across the valley from where the historic diamond drilling was conducted. Multiple new quartz-arsenopyrite showings were identified, and assays returned values up to 0.79 g/t Au. Board Change • Nov 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director John Kuehne was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 14
Trailbreaker Resources Ltd., Annual General Meeting, Dec 16, 2022 Trailbreaker Resources Ltd., Annual General Meeting, Dec 16, 2022. Announcement • Sep 15
Trailbreaker Resources Ltd. Defines 1,000 X 600-Metre Gold and Coincident Ip Anomalies At Eakin Creek Property, South-Central Bc Trailbreaker Resources Ltd. announced the results of the Phase 1 exploration program at its 100%-owned Eakin Creek property in south-central British Columbia (BC). A 1,000 x 600-metre area has been defined as having a gold-in-soil anomaly coincident with an Induced Polarization (IP) geophysical anomaly. Also, widespread gold mineralization in bedrock and float samples was identified. The 2022 program utilized multiple exploration tools including: A 302-sample Mobile Metal Ion (MMI) soil survey, A 10.75 line-kilometre IP survey, Reconnaissance prospecting and geological investigation. The MMI survey defined a 1,000 x 600 metre Au-Ag-Cu-Sb (gold-silver-copper-antimony) anomaly that is open to the south. This anomaly is coincident with resistivity and chargeability anomalies defined by the IP survey, which is strongest at 50 to 100m of depth. Prospecting has identified gold-bearing mineralization hosted by two main lithologies (expanded upon below), with the majority of mineralized samples occurring within the geochemical and geophysical anomalies. Grab samples from bedrock returned assay values up to 8.2 g/t Au and 130 g/t Ag from separate outcrops more than 1 km apart. Gold mineralization at the Eakin Creek property was found to be hosted in two distinct lithologies: An altered diorite unit with disseminated pyrite and quartz-carbonate-pyrite veining. This unit outcrops along Highway #24 which bisects the property. Assays from outcrop grab samples returned values up to 8.2 g/t Au and 17.0 g/t Ag from the vicinity of the historic ‘G Occurrence’. Grab samples from an outcrop located 1.0 km east-northeast of the G Occurrence (outside of the bounds of the IP survey) returned assays up to 1.1 g/t Au and 130 g/t Ag. The dioritic lithology is host to abundant quartz-calcite veining along multiple orientations. Disseminated pyrite occurs throughout the wallrock, as well as in the veins. This diorite unit is part of the early Jurassic Polaris ultramafic suite. It is bound to the west by a fault contact with similarly-aged granites of the Thuya Batholith. A limonitic felsic intrusive unit with disseminated and massive pyrite. This rock type has not been observed in the very limited outcrop exposure on the property; rather it is most commonly found within a boulder field approximately 400 x 300 metres in area. Grab samples from this lithology returned assay values up to 5.6 g/t Au and 30.7 g/t Ag (from separate samples), with six samples assaying >1.0 g/t Au. This boulder field is located ‘down-ice’ (along the direction of documented glacial ice flow) of the zone of high resistivity identified from the IP survey. As this felsic lithology would likely have a more resistive signature than the dominant diorite lithology, Trailbreaker geologists have determined the strongly resistive zone to be a likely source of these mineralized boulders. Prospecting also uncovered a third, less common style of gold mineralization: quartz boulders bearing galena, chalcopyrite, and pyrite. These boulders were limited to a 5-metre area and are sub-rounded in shape. Assays returned values up to 4.2 g/t Au and 50.1 g/t Ag. The high gold grades occurring within the diorite unit were found 90m northwest of the historic ‘G Occurrence’, which consists of a 3.0 m chip sample interval grading 3.15 g/t Au, within a 14.0 m interval grading 0.9 g/t Au. Despite the historic mineral occurrences and its proximity to infrastructure, the Eakin Creek property has never been drilled. A permit application to conduct a drill program has been submitted to the BC EMLI (Ministry of Energy, Mines and Low Carbon Innovation) and is pending approval. Trailbreaker geologists are currently planning drill targets at three areas of heightened interest: The historic “G Occurrence” and associated mineralized outcrops, The zone of strongest chargeability and resistivity (north of Highway #24), The felsic intrusive boulder field and strongest soil geochemical gold anomaly. Announcement • Sep 09
Trailbreaker Resources Completes 2022 Exploration Program at Atsutla Gold Project Trailbreaker Resources Ltd. announced 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). Announcement • Sep 07
Trailbreaker Resources Identifies 850 x 700 Metre Au-Cu-Ag-Mo Anomaly at Eagle Lake Property, South-Central BC Trailbreaker Resources Ltd. announce the completion and results of its Phase 1 exploration program at the Eagle Lake property in south-central BC (British Columbia). The program included prospecting, geological reconnaissance mapping, and a 432-sample Mobile Metal Ion (MMI) soil geochemical survey covering a 3 x 3.5-kilometre area. The MMI survey was designed to cover historic drill showings which include a drill intercept of 3.52 g/t Au over 9.9 metres (2011 drill hole MOF-5). The survey identified an 850 x 700 metre Au-Cu-Ag-Mo (gold-copper-silver-molybdenum) anomaly which occurs over MOF-5 and extends east and north into an area where there is no documented historic drilling (see MMI soil anomaly map). During the 2022 program, the exploration team located the historic drill core from the 2011 drill campaign and was able to examine and re-log the gold- and copper-bearing mineralized intercepts. Significant amounts of hydrothermal breccia, quartz-carbonate-potassium feldspar veining, and fault gouge were observed within the gold-bearing interval of MOF-5 which commences at 253 metres depth. Trailbreaker geologists have determined that these features are representative of a regional-scale fault structure that parallels the northwest-trending geological contact between the late Triassic Copper Mountain Plutonic Suite and the early Jurassic Takomkane Batholith. The MMI soil anomaly occurs along this contact. To further investigate the surficial expression of the auriferous fault zone observed in drill core at depth, a large-scale induced polarization (IP) survey is recommended for the area of the 2022 MMI soil survey, as well as further MMI soil sampling to the east and north. Permits to conduct the geophysical survey as well as drilling at Eagle Lake have been applied for. Located 55 km east of Williams Lake, BC, the Eagle Lake property was recently generated by Trailbreaker through an agreement with Teck Resources Limited combined with additional claim staking. The property covers 18,990 hectares that are accessible by an extensive network of well-maintained forest service roads. It is situated directly adjacent to Consolidated Woodjam Copper Corp.’s Woodjam Cu-Au (copper-gold) porphyry project which hosts an inferred resource of 1.7 billion lbs copper and 968,100 oz gold. Trailbreaker’s claims are situated within the Quesnel terrane which is host to several of BC’s large-tonnage copper-gold porphyry deposits. These include: New Gold’s Afton mine, Imperial Metals’ Mount Polley mine, Taseko’s Gibraltor mine, and Centerra Gold’s Mount Milligan and Kemess mines. The Quesnel terrane also hosts numerous advanced-stage gold projects, such as the Spanish Mountain gold project (measured and indicated resource of >4.5 M oz Au) located 45 km north of Eagle Lake, and Karus Gold’s FG gold project, located 35 km to the east. Announcement • Jun 09
Trailbreaker Resources Ltd. Completes Phase 1 Geophysical and Geochemical Surveys at its Eakin Creek Property in South-Central BC Trailbreaker Resources Ltd. announced the completion of its Phase 1 exploration program at their Eakin Creek property in south-central British Columbia (BC). The program was designed to evaluate the known gold showings and to help in de-risking potential future drill programs. Phase 1 consisted of an induced polarization (IP) and resistivity survey, a mobile metal ion (MMI) soil geochemical survey, prospecting and geological reconnaissance. Details of the Phase 1 program (Results pending): 11 line-kilometers of deep-penetrating IP and resistivity surveying; 90 prospecting grab samples; 301 soil samples undergoing MMI analysis, covering a 1.8 x 1.4-kilometre area. Announcement • May 19
Trailbreaker Resources Ltd. (TSXV:TBK) agreed to acquire Eagle Lake Property in South-Central BC from Teck Resources Limited (TSX:TECK.B) for approximately CAD 0.03 million. Trailbreaker Resources Ltd. (TSXV:TBK) agreed to acquire Eagle Lake Property in South-Central BC from Teck Resources Limited (TSX:TECK.B) for approximately CAD 0.03 million on May 18, 2022. Trailbreaker shall issue 125,000 common shares within 7 business days of receipt of TSX Venture Exchange approval. Concurrent with the share issuance, Teck will transfer the title of the Property to Trailbreaker. Teck shall retain a 1% NSR on the Property. The transaction is subject to TSX Venture Exchange approval. Announcement • May 05
Trailbreaker Resources Ltd. (TSXV:TBK) acquired Connector Gold Property in the Merritt Area of British Columbia. Trailbreaker Resources Ltd. (TSXV:TBK) acquired Connector Gold Property in the Merritt Area of British Columbia on May 4, 2022. The property was acquired through staking.
Trailbreaker Resources Ltd. (TSXV:TBK) completed the acquisition Connector Gold Property in the Merritt Area of British Columbia on May 4, 2022. Board Change • Apr 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director John Kuehne was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director John Kuehne was the last independent director to join the board, commencing their role in 2012. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 14
Trailbreaker Resources Samples Up to 18.38 Ounces Per Ton (630.04 Grams Per Tonne) Gold, Discovers Visible Gold Showings, and Defines Three Gold Zones At Atsutla Gold Project Trailbreaker Resources Ltd. announced the definition of three gold zones (`Highlands', `Willie Jack', and `Swan') at their 100%-owned A sutla Gold Project, and confirmation of the discovery of widespread visible gold in quartz float. Phase 1 grab sample assay results returned grades as high as 630.04 g/t (18.38 oz/ton) gold (Au) from an area 550 meters away from a newly discovered zone comprising samples with visible gold (Highlands zone). Assays
from the Phase 2 program remain pending. Soil sampling and prospecting have also defined two other gold zones at Atsutla: a 1.25-kilometer-long gold (Au)-arsenic (As)-silver (Ag)-molybdenum (Mo)-tellurium (Te) geochemical anomaly, with soil sample values up to 3,767 ppb Au (`Willie Jack trend'); and a 900m x 700m Au-As-Ag-antimony (Sb)-copper (Cu)- Mo-lead (Pb) geochemical anomaly, with soil sample values up to 406 ppb Au (`Swan zone'). The Swan zone anomaly is directly adjacent to a historic molybdenum-copper (Mo-Cu) porphyry prospect that was not previously explored or analyzed for gold. With the addition of recent staking, the Atsutla Gold Project now covers 37,727 hectares and spans 36 kilometers. The project area is located 70 km south of the Yukon-British Columbia border and 130 km northwest of the community of Dease Lake, BC. The Phase 1 and 2 exploration programs involved the collection of 2,100 soil samples and 532 prospecting rock grab samples, as well as geological mapping. The Highlands zone is located in the northern area of the Atsutla Gold Project. In 2020, a grab sample of
quartz float from this zone assayed 164 g/t (4.78 oz/ton) Au and 257 g/t Ag. Follow-up work in the vicinity of this sample revealed an abundance of similar quartz float 40 meters uphill. Multiple grab samples were
taken, six of which assayed over 190 g/t Au . The gravimetric gold analytical results for two of these samples yielded values exceeding 1000 g/t Au. Both samples underwent four various forms of re-assaying, including one utilizing a separate laboratory (ALS Canada) for a total of five assay values per sample. The averages of these values for the samples are: 630.04 g/t (18.38 oz/ton) Au with 531.75 g/t (15.51 oz/ton) Ag; and 493.90 g/t (14.41 oz/ton) Au with 472 g/t (13.77 oz/ton) Ag, respectively. While the bedrock source was not directly identified, it is likely the quartz float is sourced from a gossanous, semi-competent granite unit present at the uphill limit of the float samples. During Phase 2 of exploration at the Highlands zone, a zone of visible gold was newly discovered 550m west of the aforementioned high-grade float. This zone consists of a 20m trend of quartz boulders up to 1m in size with abundant visible gold, pyrite, galena, and arsenopyrite mineralization (assays pending). Additional exploration in this area revealed a trend of visible gold in talus 240m southeast of the boulders.
In this area, visible gold and pyrite were observed on the margins of ~10cm wide quartz vein fragments. The vein fragments are proximal float, sourced from a gossanous, semi-competent granite unit. Other similar quartz vein samples with pyrite, galena, and arsenopyrite mineralization were taken from this same unit, but from in-situ bedrock. Assays for all of these Phase 2 samples remain pending. Announcement • Jul 20
Trailbreaker Resources Ltd. Completes Phase 1 Exploration At the Atsutla Gold Project, Mobilizes to Skelly Trailbreaker Resources Ltd. announced the completion of the Phase 1 exploration program at its 100%-owned Atsutla Gold project, located in northwestern British Columbia (BC). Trailbreaker will also conduct an exploration program at its 100%-owned Skelly property in 2021. The Atsutla Gold project covers over 23,000 hectares and is located 70 km south of the Yukon-BC border and 130 km northwest of the community of Dease Lake, BC. The Phase 1 exploration program involved the collection of 1,680 soil samples and 295 prospecting grab samples, as well as geological mapping. Efforts were focused on follow-up of the high-grade gold, silver, and copper discoveries made at the Willie Jack property in 2020, as well as first-pass reconnaissance of newly-staked, unexplored ground southeast of the initial discoveries. The exploration team also completed a first-pass exploration program at the Swan property, which hosts a historic molybdenum-copper (Mo-Cu) porphyry showing that has never been assayed for gold mineralization. Assay results for the Phase 1 program remain pending. A Phase 2 exploration program will commence in August, 2021. Prior to conducting Phase 2 exploration at Atsutla, the Trailbreaker team will mobilize on to its 100%-owned Skelly property in northwestern BC. Covering 2,526 hectares, the Skelly property is located just south of the Yukon-BC border, approximately 100 km southwest of Whitehorse, Yukon. The property is contiguous to Bessor Minerals’ 8,178-hectare Golden Eagle property that contains significant drilled gold prospects comprising high-grade, gold-bearing quartz-sulphide veins. Although exploration on the Skelly property dates back to the 1890s, old shafts provide the only evidence of past work. Before 2020, no modern exploration has been documented on the majority of the Skelly property. Announcement • Jun 15
Trailbreaker Resources Ltd. Resources Mobilizes Its Exploration Team to the Atsutla Gold Project, Northwestern British Columbia Trailbreaker Resources Ltd. announced the mobilization of its exploration team to its 100%-owned Atsutla Gold project, located in northwestern British Columbia. This Phase 1 program will involve reconnaissance and detailed geochemical soil sampling, prospecting, and geological mapping at both the Willie Jack and Swan properties which comprise the Atsutla Gold project. The Company intends to thoroughly follow-up on the high-grade discoveries made at Willie Jack in 2020 as well as explore newly staked ground. In addition to this, the team will re-examine the historic exploration and drilling done at the Swan property, with a renewed focus on gold mineralization. The Atsutla Gold project covers over 23,000 hectares and is located 70 km south of the Yukon-BC border and 130 km northwest of the community of Dease Lake, BC. In March of 2020, the Trailbreaker team generated the Willie Jack target and conducted a first pass reconnaissance program. The program lead to the discovery of widespread gold mineralization across 6 kilometres, with rock grab samples assaying up to 164 g/t (4.78 oz/ton) gold (Au) and soils sample results exceeding 800 ppb (0.8 g/t) Au. Rock grab samples also returned assays up to 257 g/t silver (Ag) and 1.7 % copper (Cu). The mineralization discovered to date is related to the Mesozoic intrusive batholiths that comprise the Atsutla mountain range, and shares characteristics of both Cu-Au porphyry-type and intrusion-related gold deposits. Due to the success of the first pass results at the Willie Jack property, Trailbreaker generated and staked the Swan property which now covers over 13,000 hectares. The Swan claims cover a historical molybdenum (Mo) porphyry prospect that was discovered in the late 1960s and periodically explored during the past 50 years. Despite more than 500 soil and rock surface samples and almost 1,000 meters of shallow diamond drilling, no geochemical analysis for gold was ever completed. Historical geological mapping and drill hole logs have shown a complex intrusive system with widespread quartz-feldspar porphyritic monzonite cut by a variety of felsic and mafic dikes. Molybdenite-pyrite mineralization is closely associated with sheeted quartz veins, quartz stockwork and breccia zones. The historical drilling at Swan intersected broad, low to mid-grade molybdenite mineralization, returning up to 0.06% Mo over 73m, as well as several significant silver intercepts including >26 g/t Ag over 3 meters. Historical work also included a detailed soil geochemical survey completed in 2007 which outlined a large, open-ended copper-silver-arsenic (Cu-Ag-As) soil anomaly that lies outside of the drilled Mo prospect. Furthermore, a 1972 induced polarization (IP) survey outlined a chargeability anomaly which coincides with this soil anomaly and has been interpreted to potentially represent a pyrite halo above a buried porphyry system. Trailbreaker’s team has concluded that the Swan and Willie Jack property areas were previously overlooked for gold potential, due to low gold prices at the time. Announcement • May 05
Trailbreaker Resources Ltd. announced that it has received CAD 1.04861 million in funding Goldstrike Resources Ltd. (TSXV:GSR) announced a private placement of 800,000 non-flow-through Units at a price of CAD 0.25 per unit for gross proceeds of CAD 200,000 and 2,424,600 flow-through units at a price of CAD 0.35 per unit for gross proceeds of CAD 848,610 and total gross proceeds of CAD 1,048,610 on May 4, 2021. The transaction included participation from strategic accredited investors. Each flow-through unit will be comprised of one flow-through common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at the price of CAD 0.49 for 24 months from closing date. Each non-flow through unit will be comprised of one non-flow through common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at the price of CAD 0.39 for a period of 24 months from closing date, subject to the right of the Company to accelerate the exercise period should, after the expiration of the 4 month hold, shares of the Company trade close at or above CAD 0.59 for 10 consecutive trading days. The transaction was oversubscribed. The company will pay finder’s fees of CAD 52,116.90, in cash in accordance with the policies of the TSX Venture Exchange. The transaction is subject to TSX Venture Exchange acceptance. The securities are subject to a four-month hold period from the closing date. Is New 90 Day High Low • Jan 28
New 90-day low: CA$0.25 The company is down 17% from its price of CA$0.30 on 29 October 2020. The Canadian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 1.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: CA$0.36 The company is up 26% from its price of CA$0.28 on 07 October 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. Announcement • Nov 18
Goldstrike Resources Ltd. Announces Results from First Pass Reconnaissance Exploration Program at its Newly Staked Skelly Property in Northern British Columbia Goldstrike Resources Ltd. announced results from a first pass reconnaissance exploration program at its newly staked Skelly property in northern British Columbia. A first pass exploration program was conducted at the Skelly property during the summer of 2020 to evaluate the property's gold potential. A prospecting and geochemical survey included the collection of 122 ridge and spur soil samples and 64 rock grab samples. Rock samples returned gold (Au) values up to 35.5 g/t (1.03 oz/ton) and silver (Ag) values up to 488 g/t (14.24 oz/ton) in quartzsulphide veins. Soil samples revealed a propertywide enrichment in gold, arsenic (As) and antimony (Sb) with values up to 63.4 ppb Au, 5,218 ppm As and > 2,000 ppm Sb. On receiving these results Goldstrike immediately extended its land package to cover all new targets for potential mineralization. Project Generation: The Skelly property is a grassroots gold target, generated inhouse by Goldstrike's team. The Goldstrike project generation team has a solid track record of discoveries, including the Plateau property in east central Yukon Territory. Location: The 2,526 hectare Skelly property is 100% owned by Goldstrike Resources with no underlying payments or royalties. The property is situated just south of the YukonBritish Columbia (BC) border, approximately 100 km south of Whitehorse, Yukon (YT) and can be accessed via the South Klondike Highway (Hwy 2) which extends through the property. Target Generation: Three new grassroots properties available for option - During this period of global pandemic and rising gold prices, Goldstrike's team has been compiling and analyzing British Columbia's vast geological and geochemical databases in order to generate several gold targets in underexplored areas. While Goldstrike's main focus will remain advancement of the Plateau Property, the company will continue to generate, develop, and option out grassroots gold properties in British Columbia and Yukon Territory. Three properties were staked by Goldstrike Resources in 2020: the Skelly, Willie Jack, and McMurdo properties. All three of the properties are located in British Columbia and underwent reconnaissance style exploration. Results are still pending for the Willie Jack and McMurdo properties and will be released as assays are received and compiled. Announcement • Oct 20
Goldstrike Resources Ltd. Announces Results from its First Pass Prospecting and Geochemical Exploration Program at its Willie Jack Property in Northern British Columbia Goldstrike Resources Ltd. announced results from its first pass prospecting and geochemical exploration program at its newly staked Willie Jack property in northern British Columbia (BC). Located in the Atsulta Mountain range, this is an area that has been previously overlooked for its gold potential with no known historical hard rock gold showings. The prospecting portion of the 2020 program was successful in discovering widespread high-grade gold mineralization in rock over a distance of 6 kilometers, with assays up to 164 g/t (4.78 oz/ton) gold (Au) and 257 g/t (7.50 oz/ton) silver (Ag). The soil geochemical survey was successful in outlining a 4.5 km long gold-silver-arsenic (Au-Ag-As) soil anomaly with gold values up 0.8 g/t. Upon receiving the results Goldstrike immediately extended its land package to cover new target areas of potential mineralization. The prospecting and geochemical survey included the collection of 185 ridge and spur soil samples and 94 rock grab samples. The Willie Jack property is a grassroots gold target, generated in-house by Goldstrike’s team, and covering highly prospective ground in an underexplored area of northern British Columbia. The Goldstrike project generation team has a solid track record of discoveries, including the Plateau property in east-central Yukon Territory, and the recently staked Skelly property in northern British Columbia. The 3,503-hectare property is 100%-owned by Goldstrike Resources with no underlying payments or royalties. The property is situated in the Atsulta Mountain range on the Kawdy Plateau in northern British Columbia, Canada. It is located 130 km NW of Dease Lake, BC and 70 km south of the Yukon-BC border. The Willie Jack property covers a strongly anomalous regional geochemical gold-arsenic-antimony (Au-As-Sb) signature within a geological setting that shows potential for both porphyry and intrusion-related gold mineralization. The property is situated at the headwaters of a historic placer gold-bearing creek and covers a Jurassic age granite pluton that intrudes Paleozoic sedimentary rocks. The area was briefly prospected in the early 1970’s for its copper porphyry potential but no assays were taken for gold. Widespread gold-silver mineralization was discovered on the property in 2020. Grab samples of rock float material assayed up to 164 g/t Au and 257 g/t Ag, and bedrock samples returned values up to 13.9 g/t Au and 25 g/t Ag. Copper (Cu) values as high as 1.74 % were also obtained from bedrock samples. Significant gold assays were returned from both granitic intrusive rocks and sedimentary rocks. The higher-grade gold values were returned from narrow, steeply dipping quartz-sulphide veins hosted in a propylitic-altered granite. Weakly anomalous gold values were also returned from granite-hosted gossanous fracture zones that contain disseminated fine grained pyrite. Auriferous samples obtained from the sedimentary rocks near the granite contact consisted of quartz-arsenopyrite veins and resemble gold skarn mineralization. Several soil sample sites covering 4.5 kilometers of the granite-sedimentary rock contact display an anomalous Au-Ag-As +/- Bi-Sb-Te (bismuth-antimony-tellurium) signature, further suggesting gold skarn mineralization. This anomaly may represent the lode source of the placer gold in Willie Jack Creek directly downslope, and remains a priority for the 2021 follow up program. During this period of global pandemic and rising gold prices, Goldstrike’s team has been compiling and analyzing British Columbia’s vast geological and geochemical databases in order to generate gold targets in underexplored areas. While Goldstrike’s main focus will remain advancement of the Plateau Property, the company will continue to generate, develop, and option out grassroots gold properties in British Columbia and Yukon Territory. Three properties were staked by Goldstrike Resources in 2020: the Skelly, Willie Jack, and McMurdo properties. All three of the properties are located in British Columbia and underwent reconnaissance-style exploration. Results are still pending for McMurdo property and will be released as assays are received and compiled. Announcement • Oct 06
Goldstrike Samples 35.5 Grams per Tonne Gold and 488 Grams per Tonne Silver at Skelly Property, Northern British Columbia Goldstrike Resources Ltd. announced results from a first pass reconnaissance exploration program at its newly staked Skelly property in northern British Columbia. A first pass exploration program was conducted at the Skelly property during the summer of 2020 to evaluate the property’s gold potential. A prospecting and geochemical survey included the collection of 122 ridge and spur soil samples and 64 rock grab samples. Rock samples returned gold (Au) values up to 35.5 g/t (1.03 oz/ton) and silver (Ag) values up to 488 g/t (14.24 oz/ton) in quartz-sulphide veins. Soil samples revealed a property-wide enrichment in gold, arsenic (As) and antimony (Sb) with values up to 63.4 ppb Au, 5,218 ppm As and > 2,000 ppm Sb. On receiving these results Goldstrike immediately extended its land package to cover all new targets for potential mineralization. Project Generation: The Skelly property is a grassroots gold target, generated in-house by Goldstrike’s team. The Goldstrike project generation team has a solid track record of discoveries, including the Plateau property in east-central Yukon Territory. Location: The 2,526-hectare Skelly property is 100%-owned by Goldstrike Resources with no underlying payments or royalties. The property is situated just south of the Yukon-British Columbia (BC) border, approximately 100 km south of Whitehorse, Yukon (YT) and can be accessed via the South Klondike Highway (Hwy 2) which extends through the property. Geology: Skelly covers a geological and geochemical setting similar to the Golden Triangle district (300 km to the south). It is located in the northern end of the Stikine Terrane which includes the Stuhini volcanic package and is marked by strong, regional-scale gold-arsenic geochemical enrichment similar to that of the Golden Triangle district. The claim package is contiguous to Bessor Mineral Inc’s 14 km-long (8,178 ha) Golden Eagle property that hosts numerous high-grade gold-silver-quartz veins with several significant drill intercepts. Goldstrike’s team believes this highly prospective gold district has been overlooked and remains underexplored compared to other gold districts in British Columbia. Like the Golden Triangle, this district has potential to host a variety of deposits, including epithermal, porphyry, and volcanogenic massive sulphide (VMS) deposits. Refer to this link https://goldstrikeresources.com/wp-content/uploads/sk_gsr_pres_vfinal.pdf for the Skelly presentation. Two previously undocumented historic exploration shafts were discovered on the property. These shafts were sunk into 0.2 ?" 1.0 m wide quartz-sulphide veins, from which grab samples assaying up to 35.5 g/t Au and 488 g/t Ag. This series of auriferous quartz veins was sampled along a 100-meter northwest - southeast trending corridor hosted by a shear zone that parallels a granite/metasedimentary bedrock contact. Mineralized samples obtained from the shear zone returned gold values ranging from 0.24 g/t to 35.5 g/t. The shear zone and auriferous quartz veining remain open along strike, with strong potential for additional discoveries by detailed prospecting and soil geochemical sampling. Refer to the link https://goldstrikeresources.com/wp-content/uploads/skelly_results_gold.jpg for the 2020 sample results map. Further to the discovery of the high-grade gold and silver quartz veins, lower-grade quartz-sulphide veins were discovered 950m to the east, with float grab samples assaying up to 0.28 g/t Au. Also, low-grade gold was identified in arsenopyrite-bearing granite dikes, with gold values up to 0.1 g/t Au. The Tintina Gold Belt hosts many intrusion-related gold deposits, and Skelly’s location at the southern end of it encourages targeting of this style of mineralization in follow-up exploration. Target Generation: Three new grassroots properties available for option During this period of global pandemic and rising gold prices, Goldstrike’s team has been compiling and analyzing British Columbia’s vast geological and geochemical databases in order to generate several gold targets in underexplored areas. While Goldstrike’s main focus will remain advancement of the Plateau Property, the company will continue to generate, develop, and option out grassroots gold properties in British Columbia and Yukon Territory. Three properties were staked by Goldstrike Resources in 2020: the Skelly, Willie Jack, and McMurdo properties. All three of the properties are located in British Columbia and underwent reconnaissance-style exploration. 
