Trailbreaker Resources has acquired the Connector Gold property in the Merritt area of British Columbia (BC), Canada, from an undisclosed firm.
The property, which covers a 1,894ha area, is located adjacent to the Glencore’s Brenda property that hosts the past-producing Brenda copper-molybdenum (Cu-Mo) mine.
Trailbreaker said that it fully owns the Connector property with no underlying payments or outstanding royalties. The financial terms of the deal were undisclosed.
Furthermore, the newly acquired property is 15km north-east of the Gold Mountain Mining-owned Elk Gold mine.
The producing Elk Gold mine, 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).
Trailbreaker Resources president Daithi Mac Gearailt said: “I am pleased to add another exciting asset to our portfolio. 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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
“The Connector Gold and Eakin Creek projects’ locations also allow for an expanded exploration season. I anticipate a steady news flow as the Trailbreaker team investigates the historic showings and intensively explores the property.”
As per historic exploration, the property holds a similar style of gold mineralisation and geologic setting as the Elk deposit. Grab samples at the Connector Gold property showed grading up to 187.5g/t Au and 71.8g/t Ag (silver).
In the early 1960s through to the 1990s, the Connector Gold property was aggressively explored for Cu-Mo deposits, resulting in the discovery of the Brenda deposit, which was subsequently developed into a producing mine.
Trailbreaker owns four 100%-owned gold properties, including Atsutla, Plateau, Skelly and McMurdo, situated in British Columbia and Yukon Territory.