- Trailbreaker Resources (TBK) has announced that the TSX Venture Exchange has approved its acquisition of the Eagle Lake property
- The Eagle Lake Property covers 18,990 hectares of prospective ground directly adjacent to Consolidated Woodjam Copper Corp.’s Woodjam copper-gold porphyry project
- Under the terms of the sale, Trailbreaker will issue 125,000 common shares within seven business days
- Trailbreaker Resources Ltd is a mineral exploration company focusing on acquiring and developing exploration and evaluation assets
- Trailbreaker Resources Ltd. opened the day’s trading at $0.16 per share
Trailbreaker Resources (TBK) has announced that the TSX Venture Exchange has approved its acquisition of the Eagle Lake property.
Trailbreaker announced the acquisition in May 2022, subject to TSXV approval.
The Eagle Lake Property covers 18,990 hectares of prospective ground directly adjacent to Consolidated Woodjam Copper Corp.’s Woodjam copper-gold porphyry project.
In addition to staking, acquisition of the property involved the sale of claims held by Teck Resources Limited to Trailbreaker.
Under the terms of the sale, Trailbreaker will issue 125,000 common shares within seven business days.
Teck will then transfer the title of the property to Trailbreaker. Teck would retain a one-per-cent NSR on the property.
“Trailbreaker has managed to put together an amazing portfolio of 100-per-cent-owned projects with huge potential,” said Daithi Mac Gearailt, CEO of Trailbreaker.
“Our projects range from brand-new high-grade gold discoveries to copper porphyry prospects, many with excellent infrastructure and proximity to existing mines,” he added.
Trailbreaker Resources Ltd is a mineral exploration company focusing on acquiring and developing exploration and evaluation assets.
Trailbreaker Resources Ltd. opened the day’s trading at $0.16 per share.