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Trailbreaker Resources Ltd
Symbol TBK
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Close 2026-01-19 C$ 0.47
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Trailbreaker Resources receives drill permit for Coho

2026-01-19 18:55 ET - News Release

Mr. Daithi Mac Gearailt reports

TRAILBREAKER RECEIVES DRILL PERMIT FOR COHO PROPERTY, CENTRAL BC

Trailbreaker Resources Ltd. has received a property-wide exploration permit for its 8,000-hectare Coho property, located in central British Columbia, Canada. The Coho property is a drill-ready copper-gold (Cu-Au) porphyry target situated 30 kilometres (km) west of the Mount Milligan mine.

A five-year multiyear area-based (MYAB) Mines Act permit has been approved by the B.C. Ministry of Mining and Critical Minerals with a provisional expiry date of Dec. 18, 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 which 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.

Daithi Mac Gearailt, chief executive officer of Trailbreaker, commented: "We are thrilled to receive this permit in time for the 2026 exploration season, allowing us to conduct the inaugural drill program at the Coho zone. This is an exciting opportunity to explore an undrilled Cu-Au porphyry target in a prolific mineral district."

About the Coho property

The 8,000-hectare Coho property is located 90 km north of the town of Fort St. James, B.C. The claims were acquired by Trailbreaker through an option agreement signed in May, 2025, whereby Trailbreaker has the option to acquire a 100-per-cent interest (see May 26, 2025, news release). The priority target is the Coho zone, a drill-ready Cu-Au porphyry target with recently completed property-wide geochemical and geophysical surveys. The zone hosts a recently identified chargeability and resistivity anomaly, associated with high-grade gold and copper values from surface rock grab samples. While there has been limited historical drilling on the claims, the Coho zone has never been drilled.

Located within the Quesnel tectonic terrane, the Coho property is situated in a district known for prolific alkalic Cu-Au porphyry deposits and discoveries. The property is located 30 km west of Centerra Gold's Mount Milligan Cu-Au porphyry deposit, a producing mine with current reserves of 1.2 billion pounds (lb) Cu and 2.8 million ounces (oz) Au. Pacific Empire Minerals' (PEMC) Trident property is contiguous with the Coho property's western border. On Dec. 15, 2025, PEMC reported a drill intercept of 0.77 per cent Cu, 0.51 gram per tonne (g/t) Au and 3.4 g/t silver (Ag) over 183.0 metres (m) from the A zone, located only 3.5 km west of the Coho property. To the north lies Pacific Ridge Resources' Chuchi property, where 2024 drilling returned 382.0 m of 0.19 per cent Cu, 0.12 g/t Au and 0.47 g/t Ag from the BP zone.

The Coho zone is defined by a 650 by 550 m Cu-Au-Ag surface rock and soil geochemical anomaly within diorite, and spatially associated with an east-northeast-trending fault zone (the Coho fault) and gabbro dikes. Two additional faults, the Valley and Redline faults, extend south from the BP zone (Chuchi property) and converge with the Coho fault at the Coho zone. Historical surface grab samples at the Coho zone returned values up to 16.15 g/t Au, 16.35 per cent Cu and 67.3 g/t Ag.

A recent (2022) airborne ZTEM (Z-axis Tipper electromagnetic) survey, followed by a 2023 ground-based induced polarization (IP) survey, identified an interpreted 400 m by 250 m by 200 m deep porphyry intrusive complex (3-D ZTEM anomaly) with a two-limbed IP chargeability high anomaly that spans more than 1.4 km.

The Coho zone is located 4.5 km south of the BP zone (Chuchi property) and is currently interpreted to be situated along the same Valley/Redline fault structure that hosts the BP zone. Alkalic porphyry deposits commonly occur in clusters and Trailbreaker's team believes the Coho property, in particular the Coho zone, may represent a Cu-Au porphyry system similar to the surrounding prospects and deposits. Trailbreaker has interpreted this system to be part of a cluster of deposits found along the margin of the Hogem batholith.

About Trailbreaker Resources Ltd.

Trailbreaker Resources is a mining exploration company focused primarily on mining-friendly British Columbia and Yukon, Canada. Trailbreaker is committed to continuous exploration and research, allowing maintenance of a portfolio of quality mineral properties, which in turn provides value for shareholders. The company has an experienced management team with a proven record as explorers and developers throughout Yukon, British Columbia, Alaska and Nevada.

Carl Schulze, PGeo, consulting geologist with Aurora Geosciences Ltd., is a qualified person as defined by National Instrument 43-101 for Trailbreaker's B.C. and Yukon exploration projects, and has reviewed and approved the technical information in this news release.

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