- Trailbreaker Resources (TBK) has acquired the Connector Gold property in the Merritt area of B.C.
- The newly-staked claims are located 500 metres north of the past-producing Brenda Cu-Mo (copper-molybdenum) mine
- It is fully owned by Trailbreaker Resources with no underlying payments or royalties outstanding
- Very limited gold-targeted historic drilling has been conducted on the property
- Trailbreaker Resources Ltd is a mineral exploration company
- Shares of Trailbreaker Resources Ltd are up 8.3 per cent, trading at $0.26 at 11:40 AM ET
Trailbreaker Resources Limited (TBK) has acquired the Connector Gold property in the Merritt area of British Columbia.
The newly-staked claims are located just 500 metres north of the past-producing Brenda Cu-Mo (copper-molybdenum) mine.
The Connector Gold property is located 40 km north of Kelowna and 55 km southeast of Merritt, BC and straddles Highway 97C the Okanagan Connector via numerous well-maintained forest service roads that extend from the highway.
It is fully owned by Trailbreaker Resources with no underlying payments or royalties outstanding.
It covers 1,894 hectares of ground just 500 m north of the past-producing Brenda Cu-Mo mine. It is 15 km northeast of the producing Elk Gold mine, held by Gold Mountain Mining, which has a measured and indicated (M+I) resource of 806,000 oz AuEq (gold equivalent), at a grade of 5.8 g/t Au (gold).
Historic exploration shows a similar style of gold mineralization and geologic setting as the Elk deposit, with grab samples at the Connector Gold property grading up to 187.5 g/t Au and 71.8 g/t Ag (silver).
Very limited gold-targeted historic drilling has been conducted on the property.
The Connector Gold property was aggressively explored for Cu-Mo deposits in the early 1960s through to the 1990s when the Brenda deposit was discovered and developed into a producing mine.
In 2009, Bitterroot Resources discovered a high-grade gold-bearing vein system located only 300 metres from the highway, during a trenching program targeting gold-in-soil anomalies.
Numerous narrow gold-bearing shear zones and quartz veins were intersected over a 900-metre span with bedrock grab samples assaying up to 187.5 g/t Au and 71.8 g/t Ag
The geological setting and style of gold mineralization are very similar to the currently producing Elk Gold mine located 15 km to the southwest (806,000 oz AuEq, M+I resource).
As with the Connector Gold property, high-grade gold and silver within the Elk deposit is hosted in narrow quartz veins cutting Jurassic intrusive rocks adjacent to Triassic Nicola volcanic rocks.
Trailbreaker’s team believes this recent, high-grade gold discovery at the Connector Gold property has been overlooked and has strong potential to host high-grade gold mineralization similar to the nearby Elk Gold deposit.
At the Elk Gold mine, Gold Mountain Mining continues to grow its resource, with a 32 per cent increase in its total resource base reported in late 2021.
“As with our recent Eakin Creek acquisition, the Trailbreaker team has generated a target in a highly prospective geological setting with excellent access and infrastructure,” said Daithi Mac Gearailt, President and Chief Executive Officer.
“I anticipate a steady news flow as the Trailbreaker team investigates the historic showings and intensively explores the property,” he added.
Trailbreaker Resources Ltd, formerly Goldstrike Resources Ltd., is a mineral exploration company focused on acquiring and developing exploration and evaluation assets.
Shares of Trailbreaker Resources Ltd are up 8.3 per cent, trading at $0.26 at 11:40 AM ET.