Trailbreaker Receives Drill Permit for Coho Property, Central BC
Trailbreaker Secures Coho Drill Permit as Portfolio Shifts from Prospecting to Testing Phase
On January 19, 2026, Trailbreaker Resources announced it received a five-year Multi-Year Area-Based (MYAB) permit for its Coho copper-gold property in British Columbia. The permit, valid until December 2030, authorizes the construction of 50 drill pads, 15 km of trails, and 20 line-km of geophysics. This follows the January 8, 2026, update where the company reported expanding the mineralized footprint at its Atsutla Gold project to 1.0 km x 1.2 km based on 2025 surface sampling (rock grabs up to 630 g/t Au).
The receipt of the Coho permit is a necessary regulatory milestone but does not constitute a "game changer" until a discovery is made. However, it is materially positive in terms of execution, as it transitions the Coho project from an "optioned prospect" to a "drill-ready asset." - Strategic Alignment: The permit confirms management's ability to navigate BC’s regulatory environment, especially given the "engagement with the Takla First Nation." - Portfolio Weight: With the Liberty project Phase 2 drilling delayed (as of Sept 2025 news) due to archaeological and environmental reviews, the Coho permit provides the company with an alternative primary target for the 2026 season. - Surface vs. Depth: While Atsutla continues to produce "multi-ounce" grab samples, these are non-representative by nature. The Coho permit allows the company to finally test the geophysical anomalies (interpreted 650m x 550m porphyry complex) at depth.
Trailbreaker is a project generator/explorer focused on British Columbia and the Yukon. - Flagship Project: Atsutla Gold Project (NW BC). It is a high-grade orogenic gold discovery. 2025 work expanded the Highlands zone. - Secondary Flagship: Coho (Central BC). An alkalic Cu-Au porphyry target near the Mount Milligan mine. - Other Assets: Liberty (Cu-Mo), Castle Rock (Cu-Au), and Wheaton Gold.