Trailbreaker Resources LTD

The property is located approximately 110 km northeast of the town of Ross River along the North Canol Road. The property has excellent infrastructure with road access to within 800 m of the property boundary.

The nearby communities of Ross River and Whitehorse provide excellent exploration resources and trained personnel.

Gold-bearing quartz veins were first recognized at Sheldon by the Geological Survey of Canada (GSC) in 1944. In 1990, a regional stream sediment survey conducted by the GSC highlighted multiple drainages with anomalous arsenic and antimony.

The work conducted by the GSC, along with the then-recent discovery at Dublin Gulch (now Victoria Gold’s Eagle Mine) in Yukon, resulted in the initial staking of the property in 1991. Between 1991-1993, surface rock and soil geochemical sampling, as well as geological mapping, were completed, targeting Fort Knox style mineralization. Rock chip samples from this work returned assays as high as 6.17 g/t Au, from quartz veining in the granitic Sheldon Stock.

The claims were restaked in 2011, followed by a short prospecting and sampling program conducted in 2012. Rock samples from this program graded up to 2.08 g/t Au.

Since 2012, no work has been completed on the property.

The Sheldon property is centered on the mid-Cretaceous Sheldon stock, a member of the Tombstone Gold Belt intrusive suite emplaced within the Selwyn Basin of Yukon. The Sheldon stock is described as a polyphase biotite granitic to granodioritic intrusion, emplaced during a regional extensional event coincident with emplacement of the Tombstone intrusive suite. Gold mineralization is associated with quartz and arsenopyrite veining within the Sheldon Stock, as well as in hornfelsed sedimentary rocks surrounding the stock.

The Sheldon property displays many classic features of RIRGS deposits, including but not limited to:

• Sheeted quartz veins hosted in a mid-Cretaceous granite;
• Intrusive rocks with biotite>hornblende, indicating volatile content of the intrusion;
• Restricted sized of intrusive stock is favourable for hosting RIRGS;
• Strong gold-arsenic-bismuth-tellurium-tungsten (Au-As-Bi-Te-W) geochemical association;
• Typical geophysical characteristics (resistivity high and magnetic high around stock) of a felsic intrusion surrounded by a hornfelsed aureole in sedimentary rocks

The Sheldon property is underexplored and has undergone only short surface sampling campaigns between the early 1990s and 2012.

A regional-scale Z-Axis Tipper Electromagnetic (ZTEM) survey was flown over a significant portion of the Selwyn Basin in 2008. This data was reprocessed by Condor Consulting in 2013 and made publicly available by the Yukon Geological Survey. The data from this survey shows magnetic and conductivity characteristics across the Sheldon property that are common in RIRGS deposits. These features include a high resistivity signature associated with the felsic intrusive rocks and magnetic high features surrounding the intrusions, associated with pyrrhotite‑bearing hornfelsed sedimentary rocks. Of particular interest are two magnetic ‘pimples’ within the claim boundaries that may reflect strongly hornfelsed rocks above a blind intrusion. As the highest grades of RIRGS mineralization commonly occur in upper portions of fertile intrusions, the potentially intact carapace in the northwest and southeast property areas highlight attractive exploration targets.

Most geochemical sampling and mapping to date has been focused on the southern extent of the Sheldon Stock, where gold mineralization was first encountered. Although less geochemical coverage occurred along the northern flank of the stock, the more limited work revealed consistently elevated gold values from rock and soil sampling. Additionally, this area has the best correlation between gold (Au) and tellurium (Te), a robust pathfinder element for Au in RIRGSs. The spacing between sampling in this area is such that a significant deposit could occur between sample locations, based on the approximate footprint of other RIRGS deposits, including Snowline Gold’s Valley prospect.