Trek Metals Ltd (ASX: TKM) Commences Major Drill Program at Christmas Creek

Key Highlights:

• 8,000m RC drill program targeting gold and rare earth elements (REEs) in Western Australia's Kimberley region.
• Focus on four high-priority gold prospects and one REE/Niobium target.
• Previous drilling at Martin prospect returned significant intercepts, including 7m @ 4.90g/t Au.

Trek Metals Limited (ASX: TKM) has embarked on a significant exploration campaign at its 100%-owned Christmas Creek Gold and Rare Earth Element (REE) Project in the Kimberley region of Western Australia. The company announced the commencement of an 8,000-meter reverse circulation (RC) drill program aimed at unlocking the potential of this underexplored district-scale project.

This ambitious drilling campaign is centered around four high-priority gold prospects—Coogan, Martin, Zahn, and Willis—and one REE/Niobium target. The first phase of drilling has already begun at the Martin prospect, where previous intersections by Newmont returned high-grade results, including 7 meters at 4.90g/t gold (Au) and 2 meters at 9.65g/t Au. These promising results set the stage for further exploration, with Trek aiming to confirm the continuity of mineralization and expand the known resources.

Commenting on the commencement of the drill program, Trek Metals’ CEO, Derek Marshall, expressed his enthusiasm, stating, “We are really excited to have the drill rig on site and turning at Christmas Creek. This is a tremendous milestone for our shareholders and marks the beginning of what we hope will be an exciting journey for us at this large and highly prospective project.” Derek Marshall highlighted the significance of the Martin prospect, where previous drilling delivered substantial results that remain open for further exploration.

Source: $TKM ASX Announcement. 

The Coogan prospect, another key focus of the program, boasts a large, well-defined gold mineralized system with previous wide-spaced drilling revealing broad zones of low-grade gold. Trek’s current drilling efforts are aimed at testing the untested core of the system and exploring potential parallel structures that could host economic mineralization.

Meanwhile, the Zahn prospect has shown the strongest surface gold anomaly in the project area but remains largely untested by previous drilling. The current program includes four lines of RC drilling to better understand the underlying geological structures and the potential for significant mineralization.

The Willis prospect, characterized by a large coherent gold geochemical anomaly, is another exciting target in Trek’s exploration program. Despite its promise, Willis has never been drilled before, making the upcoming campaign a pivotal moment in determining its potential.

On the rare earth front, the Zahn South target, located near RareX’s (ASX: REE) Cummins Range critical metals project, has also been identified for further investigation. Initial assays have revealed a coherent REE anomaly, and Trek plans to drill a single line across this target to assess its potential.

Company Overview: Trek Metals Limited (ASX: TKM) is an Australian exploration company focused on discovering and developing high-value mineral resources. The company’s flagship Christmas Creek project is a district-scale gold and REE exploration opportunity, strategically located at the intersection of major tectonic lineament corridors in Western Australia.

Market Update: As of 3:21 PM AEST, August 9, 2024, Trek Metals Limited (ASX: TKM) shares are trading at A$0.04, up by 11.11%.