Total
0
Shares
Source: Trek Metals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Trek Metals (TKM) has intersected highly encouraging results from its maiden drilling program at its Pincunah Project in Western Australia
  • Drilling was undertaken over an extensive multi-element soil anomaly at the Valley of the Gossan prospect
  • Overall, up to 223 grams of silver per tonne (g/t), 0.2g/t gold, 0.75 per cent copper and 5.99 per cent zinc was intersected
  • Given these encouraging results, Trek will undertake a soil sampling program to define the extent of the system
  • Shares in Trek are up a healthy 26.1 per cent on the market and are trading at 14.5 cents at 1:52 pm AEDT

Trek Metals (TKM) has intersected highly encouraging results from its maiden drilling program at its Pincunah Project.

The Pincunah Project lies 100 kilometres south of Port Hedland in the Pilbara region of Western Australia.

Drilling was undertaken over an extensive multi-element soil anomaly at the Valley of the Gossan (VOG) prospect.

Thirteen holes, for 2662 metres, were drilled at the VOG prospect before the rig moved to the Carlindi Prospect where a further eight holes, for 1054 metres, were drilled.

The laboratory assays were highly encouraging and defined multiple areas with volcanic massive sulphide (VMS)-style mineralisation and alteration.

Overall, up to 223 grams of silver per tonne (g/t), 0.2g/t gold, 0.75 per cent copper and 5.99 per cent zinc was intersected.

Given these encouraging results, Trek will undertake a soil sampling program to define the extent of the system.

Additionally, a helicopter electromagnetic (EM) survey will be undertaken later in the month to define significant conductive bodies.

CEO Derek Marshall commented on the drilling program and the results.

“The laboratory results have confirmed the positive indications from our maiden drill program at Pincunah that we announced in late July,” Mr Marshall said.

“The key takeaway for investors is that we now have enough evidence to be very confident that the Valley of the Gossans prospect is likely to be a large-scale VMS copper-zinc base metal system with an extensive footprint that extends over two kilometres.”

Shares in Trek were up a healthy 26.1 per cent on the market and are trading at 14.5 cents at 1:52 pm AEDT.

TKM by the numbers
More From The Market Herald

" African Gold (ASX:A1G) launches diamond drilling program at Didievi

Junior explorer African Gold (ASX:A1G) has kicked off a drilling program across some key prospects at…
Monger Gold (ASX:MMG) - Non Executive Chairman, Peretz Schapiro

" High-grade rock chip samples for Monger Gold (ASX:MMG) at Mt Monger South

Monger Gold (ASX:MMG) completes a geological mapping and sampling program across the Mt Monger South gold…
Deep Yellow (ASX:DYL) - Chairman, Chris Salisbury

" Deep Yellow (ASX:DYL) confirms thick high-grade mineralisation at Barking Gecko

Deep Yellow (ASX:DYL) confirms thick and high-grade mineralisation at its Barking Gecko North prospect in Namibia.
MRG Metals (ASX:MRQ) - Non Executive Director, Andrew Van Der Zwan

" MRG Metals (ASX:MRQ) locks in $1.6m placement for Corridor Sands development studies

MRG Metals (ASX:MRQ) successfully completes $1.6 million through a share placement for its Corridor Sands projects…