Trailbreaker Acquires the Drill-Ready Coho Copper-Gold Porphyry Project in Central British Columbia
(TheNewswire)
May 26, 2025 – TheNewswire - Trailbreaker Resources Ltd.(TBK.V) (“Trailbreaker” or “theCompany”) is pleased to announce the acquisition of the Cohoproperty, a drill-ready copper-gold (Cu-Au) porphyry target located incentral British Columbia (BC), 30 km west of the Mount Milliganmine.
Highlights of the CohoProperty
8,000 hectares in size.
Located 90 km north of Fort St. James, BC and 185 kmnorthwest of Prince George, BC
Excellent road access throughout the property.
30 km west of the Mount MilliganCu-Au porphyry deposit (reserves of 1.2 B lbs Cu, 2.8 MozAu ) which has a similargeological setting.
3 km south of Pacific Ridge Exploration’s BP zonewhich hosts a non-NI 43-101 compliant historic resource of 50 million tonnes grading between0.21 - 0.40% Cu and 0.21 - 0.44 g/t Au . Significant drillintersections at the BP zone include 0.51% copper equivalent (CuEq)over 100 m and 0.27% CuEq over 382 m.
Recently completed property-wide geochemical andgeophysical surveys, but with only 2,186 meters of historic drillingin 20 widely-spaced holes.
The priority target, the Coho zone,has never been drilled , but hosts a recentlyidentified chargeability and resistivity anomaly with high-grade goldand copper values from rock grab samples at surface.
Two faults, the Valley and Redline faults, extend southfrom the BP zone and converge with the Coho fault at the Cohozone.
Surface grab samples at the Coho zone returned valuesup to 16.15 g/t Au, 16.35% Cu,and 67.3 g/t silver (Ag) .
Daithi Mac Gearailt, CEO ofTrailbreaker, commented: “We are extremely pleased to add the Coho property toTrailbreaker’s portfolio of high-quality gold and copper explorationprojects. With some ground-truthing of pad locations, the Coho zonewill be drill-ready and represents an excellent prospect for a largecopper-gold porphyry discovery. We would like to thank Mr. RonBilquist, a renowned BC prospector, for presenting us with this rareopportunity to test a well-explored, but un-drilled target.”
Location and Access
The 8,000-hectare Coho property is located 90 km northof the Town of Fort St. James, BC (see Figure 1). The property hasexcellent road access via Forest Service Roads throughout the claims.The property is also located 30 km west of Centerra Gold’s MountMilligan Cu-Au porphyry deposit, a producing mine with currentreserves of 1.2 B lbs Cu and 2.8 Moz Au.
The nearest First Nation communities with overlappingtraditional territories in the project area include Nakazdli Whut’en(Fort. St. James area), Takla First Nation (Takla Landing) and McLeodLake Indian Band (McLeod Lake).
Figure 1: Locationof the Coho property.
History
Exploration at the Coho property dates back to the 1960s and includesproperty-wide soil geochemical surveys, geophysical surveys, and 2,186meters of diamond drilling in 20 widely spaced holes. Severalkilometer-scale geochemical anomalies have been defined, and narrow,high-grade copper-gold values were intersected in historic diamonddrill holes. Recent exploration efforts have outlined several newcopper-gold porphyry targets that remain to be drill tested. Theseinclude the Chent West, Coho West, Brooks, and Coho zones (see Figure2).
Trailbreaker’s Coho property is contiguous with the Chuchi Projectwhich is currently being advanced by a joint venture between CenterraGold and Pacific Ridge Exploration. The Chuchi Project has undergone aconsiderable amount of exploration since its discovery in the 1960s,by companies such as Noranda, BP, and AuRico, and with over 11,000meters of diamond drilling completed in 53 drill holes. The majorityof this drilling has focused on the BP zone which represents a 1.5 kmx 1.5 km area of copper-gold mineralization with a historic, non-NI43-101 compliant resource of 50 million tonnes grading between 0.21 -0.40% Cu and 0.21 - 0.44 g/t Au 2 . Significant drill intersections include: 16 m of 1.55%CuEq within 100 meters of 0.51% CuEq (1991 drill campaign), and 382meters of 0.27% CuEq (2024 drill campaign). The BP zone sits on thenorth-south Valley/Redline fault structure that trends south intoTrailbreaker’s Coho property (see Figure 2).
Figure 2:Mineralized zones and faults at the Coho property.
Geology and Mineralization
Trailbreaker’s Coho property covers a similar geological andmineralogical setting to the BP zone (3 km to the north) and the MountMilligan Cu-Au porphyry deposit (30 km to the southeast). Situatedwithin the prolific Quesnel tectonic terrane, the Coho property isunderlain by Lower Jurassic volcanic and sedimentary rocks of theTakla Group intruded by Jurassic monzodiorite and syenite porphyryintrusions associated with the margin of the Hogem batholith.
The Coho property is an alkalic Cu-Au porphyry target. This type ofmineralized system commonly forms in clusters which have strongpotential for significant gold content. Examples of such depositsalong the Quesnel terrane include: Mount Milligan, Mount Polley(measured and indicated resource of 1.25 B lbs Cu, 1.9 Moz Au 4 ), Kemess (measured andindicated resource of 1.7 B lbs Cu, 4.4 Moz Au 5 ), Red Chris (reserves of 8.1Moz Au, 4.8 B lbs Cu 6 ),and Amarc's new AuRORA discovery in the JOY district (recent drillresults include 0.98 g/t Au, 0.25% Cu over 271 m 7 ).
The Drill-Ready Coho Zone
The Coho zone is the priority target, defined by a 650 x 550 mCu-Au-Ag surface rock and soil geochemical anomaly hosted in dioriteand spatially associated with an ENE-trending fault zone (the Cohofault) and gabbro dykes. Two additional faults, the Valley andRedline, extend south from the BP zone (Chuchi Project) and convergewith the Coho fault at the Coho zone.
A total of 135 rock grab samples taken at the Coho zone from 2020 to2022 returned the following values:
Up to 16.15 g/t Au, with an average of 0.79 g/t Ag (median 0.04 g/t)
Up to 16.35% Cu, with an average of 1.00% Cu (median 0.31%)
Up to 67.3 g/t Ag, with an average of 7.7 g/t Ag (median 2.2 g/t)
A recent (2022) airborne ZTEM (Z-axis Tipper electromagnetic) surveyfollowed by a 2023 ground-based induced polarization (IP) surveyidentified an interpreted 400 m x 250 m x 200 m deep porphyryintrusive complex (3D ZTEM anomaly) with a two-limbed IP chargeabilityhigh anomaly that spans more than 1.4 km (see Figure 3). Thechargeability limbs may represent phyllic alteration that commonlysurrounds a potassic-altered porphyry core. The eastern limb underliesboth the surface geochemical anomaly and 3D ZTEM intrusive complexidentified at the Coho zone and is interpreted to represent aneastward tilted porphyry copper-gold system similar to the nearbyMount Milligan deposit.
Figure 3:Geophysical targeting at the Coho and Coho West zones.
The Coho zone is located 4.5 km south of the BP deposit and iscurrently interpreted to be situated along the same Valley/Redlinefault structure that hosts the BP deposit. Alkalic porphyry depositscommonly occur in clusters and Trailbreaker’s team believes the Cohoproperty, in particular the Coho zone, may represent a similar Cu-Auporphyry deposit to the BP deposit, and that this system is part of acluster of deposits found along the margin of the Hogem batholith. Thehigh Au grades returned from surface sampling at the Coho zone alsorepresent the potential of a higher-grade porphyry gold system,similar to the Mount Milligan deposit (average mine grade of 0.39 g/tAu 8 ). The Coho zone hasnever been drilled and remains the top priority drill target.
Terms of the Option Agreement
On May 15 th , 2025, Trailbreaker signed an optionagreement (the “Agreement”) with Ron Bilquist (“Bilquist”) ofGabriola, BC. Subject to the approval of the TSX Venture Exchange,Trailbreaker has the option to acquire a 100% interest in the Cohoproperty if the following terms are met:
(a) pay to Bilquist an aggregate $380,000 asfollows:
(i) $20,000 on execution of this Agreement;
(ii) an additional $25,000 on or before May 20,2026;
(iii) an additional $35,000 on or before May 20,2027;
(iv) an additional $50,000 on or before May 20,2028;
(v) an additional $50,000 on or before May 20,2029;
(vi) an additional $200,000 on or before May 20, 2030;and
(b) issue and deliver to Bilquist an aggregate 700,000Trailbreaker common shares (“Shares”) as follows:
(i) 50,000 Shares within 10 days of the date ofRegulatory Approval;
(ii) an additional 100,000 Shares on or before May 20,2026;
(iii) an additional 150,000 Shares on or before May 20,2027;
(iv) an additional 200,000 Shares on or before May 20,2028;
(v) an additional 200,000 Shares on or before May 20,2029; and
(c) complete Expenditures on the Property of $200,000as follows:
(i) $200,000 of Expenditures on or before May 20, 2027;and
(ii) Expenditures (including the Expenditures referredto in (i) above) of $1 million or
1,500 metres of diamond drilling within 3years of receiving a drill permit
Upon completion of the Agreement, Trailbreaker willobtain a 100% interest in the property and Bilquist will retain atotal 2.0% Net Smelter Return (NSR) royalty, which may be brought downto 0.5% through a cash payment of $1,500,000 to Bilquist.
References
Centerra Gold website - https://www.centerragold.com/operations/mount-milligan/default.aspx
Pacific Ridge Exploration April 30, 2024 news release– https://pacificridgeexploration.com/news-releases/pacific-ridge-identifies-six-kilometre-long-copper-gold-porphyry-trend-at-chuchi-copper-gold-project/
CuEq calculation in news release is:
((Cu%) x x 22.0462) + (Au(g/t) x AuR/CuR x x 0.032151) / ( 22.0462)
Jago, C.P. and Carlson, G.G. 2024. Geophysical Reporton the Chuchi South Project. For Pacific Ridge Exploration, Vancouver,BC.
https://apps.nrs.gov.bc.ca/pub/aris/Report/42027.pdf/
Imperial Metals’ Mount Polley 2016 Technical Report
https://imperialmetals.com/assets/docs/mp-technical-report-may-20-2016.pdf
Centerra Gold Kemess 2024 year-end resources
Imperial Metals’ 2021 Red Chris TechnicalReport
https://imperialmetals.com/assets/docs/2021-06-30-RedChris-43-101.pdf
Amarc Resources January 17, 2025 news release - https://amarcresources.com/news-releases/amarc-announces-new-high-grade-aurora-copper-gold-silver-deposit-discovery-in-collaboration-with-freeport-at-the-joy-district/
BC Minfile for Mount Milligan - https://minfile.gov.bc.ca/Summary.aspx?minfilno=093N++194
About Trailbreaker Resources
Trailbreaker Resources is a mining exploration companyfocused primarily on mining-friendly British Columbia and YukonTerritory, Canada. Trailbreaker is committed to continuous explorationand research, allowing maintenance of a portfolio of quality mineralproperties which in turn provides value for shareholders. The companyhas an experienced management team with a proven track record asexplorers and developers throughout the Yukon Territory, BritishColumbia, Alaska and Nevada.
ON BEHALF OF THE BOARD
Daithi Mac Gearailt
President and Chief Executive Officer
Carl Schulze, P. Geo., Consulting Geologist with AuroraGeosciences Ltd, is a qualified person as defined by NationalInstrument 43-101 for Trailbreaker's BC and Yukon explorationprojects, and has reviewed and approved the technical information inthis release.
Other
For new information about the Company’s projects,please visit Trailbreaker’s website at TrailbreakerResources.com and signup to receive news. For further information, follow Trailbreaker’stweets at , usethe ‘Contact’ section of our website, or contact us at (604) 681-1820 or at info@trailbreakerresources.com .
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
Forward-Looking Statements
Statements contained in this newsrelease that are not historical facts are "forward-lookinginformation" or "forward-looking statements"(collectively, "Forward-Looking Information") within themeaning of applicable Canadian securities legislation and the UnitedStates Private Securities Litigation Reform Act of 1995.Forward-Looking Information includes, but is not limited to,disclosure regarding possible events, conditions or financialperformance that is based on assumptions about future economicconditions and courses of action; expectations regarding futureexploration and drilling programs and receipt of related permitting.In certain cases, Forward-Looking Information can be identified by theuse of words and phrases such as "anticipates","expects", "understanding", "has agreedto" or variations of such words and phrases or statements thatcertain actions, events or results "would","occur" or "be achieved". Although Trailbreakerhas attempted to identify important factors that could affectTrailbreaker and may cause actual actions, events or results to differmaterially from those described in Forward-Looking Information, theremay be other factors that cause actions, events or results not to beas anticipated, estimated orintended. In making the forward-looking statements in this newsrelease, if any, Trailbreaker has applied several materialassumptions, including the assumption that general business andeconomic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information willprove to be accurate, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly,readers should not place undue reliance on Forward-LookingInformation. Except as required by law, Trailbreaker does not assumeany obligation to release publicly any revisions to Forward-LookingInformation contained in this news release to reflect events orcircumstances after the date hereof or to reflect the occurrence ofunanticipated events.
Copyright (c) 2025 TheNewswire - All rights reserved.
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