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About New Break (CSE: NBRK)
New Break Resources Ltd. ("New Break") is a proudly Canadian mineral exploration company focused on its 100% owned Moray gold project in northern Ontario, located in a well-established mining camp within proximity to existing infrastructure, 32 km northwest of the Young-Davidson gold mine, operated by Alamos Gold Inc. Shareholders also remain leveraged to exploration success in Nunavut, one of the most up and coming regions in Canada for gold exploration and production through New Break’s 20% carried interest in the Sundog gold project, being advanced by Guardian Exploration Inc. The Company is supported by a highly experienced team of mining professionals. On September 7, 2022, the Company became listed on the Canadian Securities Exchange (“CSE”) and trades under the symbol NBRK. The address of the Company's corporate office and principal place of business is 110 Yonge Street, Suite 1601, Toronto, Ontario, M5C 1T4, Canada. Further information on New Break is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
Description of the Business
New Break’s main Moray property covers 10,326 hectares, located in the southern Abitibi greenstone belt, approximately 49 km southeast of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. New Break also owns an additional 11,949 hectares of mineral claims to the west and northwest of Moray. The initial 1,856 hectare Moray property was purchased in 2020 and then expanded in 2023 through two additional property acquisitions and staking. Exploration work from 2021 to 2024 included prospecting, drone mag survey, VLF surveys, purchase of historical IP data, multiple stripping and trenching programs, channel sampling, geological mapping and the completion of a 55.7 line-km IP survey covering the entire interpreted extent of the Fiset syenite intrusive. From July 12 to August 14, 2025, New Break completed a six hole, 1,502 metre, maiden drilling program. On September 17, 2025, New Break announced the assay results from drilling which indicated a significant gold discovery. Drillhole NBR-25-05 returned 4.11 g/t Au over 31.3 metres and drillhole NBR-25-04 returned 3.35 g/t Au over 14.8 metres. New Break is in the process of following up on the results with further drilling.
In Nunavut, New Break sold its Sundog gold project located in Kivalliq, Nunavut to Guardian Exploration Inc. (“Guardian”) effective April 30, 2025. The Sundog gold project covers approximately 9,415 hectares within parcel AR-35 on Inuit Owned Land. New Break has retained a 20% carried interest in the Sundog gold project through an option to repurchase 20% of the project at any time for $1. All obligations under the mineral exploration agreement with the Inuit are the responsibility of Guardian, as is the obligation to bear 100% of the cost of exploration expenditures. New Break would only be required to fund its 20% of mine construction, if and when a development decision is made. New Break also owns 6,000,000 common shares of Guardian (TSX-V: GX) having a value of approximately $1,000,000.