Trek Gears Up to Drill Two High-Potential West Australian Gold Projects as part of Impending 2024 Field Season. Initiatives also underway to unlock the value of Trek’s lithium, manganese & nickel-copper assets.
Highlights
Christmas Creek Gold Project, WA
Drill planning complete, with multiple high-priority targets to be tested this season:
Willis: a strong, cohesive multi-element soil anomaly yet to be drill tested.
Zahn: new soil data has highlighted an untested zone to the north of previous drilling, with the highest raw gold values seen across the entire Project area.
Coogan: untested core of a large structure with previously drill lines 1km apart.
Martin: drilling planned to follow up previous intercepts including: ▪ 7m @ 4.90g/t Au and 2m @ 9.65g/t Au
Field activities are planned to commence in Q2 with final heritage approvals to be sought allowing for an efficient drilling campaign, with drilling planned to commence in early Q3 2024.
Numerous early-stage soil and mapping programs to follow-up gold, LCT and REE targets have also been designed in preparation for the upcoming field season.
Pincunah Gold Project, WA
Drilling planned to commence in April at the Champagne Pool gold target in the Pilbara.
Target interpreted to represent an untested epithermal gold system, located along strike from the Valley of the Gossans Prospect.
Other Projects
Strategic review of Trek’s significant project portfolio (lithium, manganese, nickel-copper) underway, including joint venture arrangements and/or potential divestment.
Corporate
Trek remains well funded to advance its flagship projects through 2024, with $6.1M cash at bank as at 31st December 2023.
Trek Metals’ CEO Derek Marshall said: “The next few months will be an exciting time for Trek shareholders as we launch our field season for 2024 and get on the ground at both Christmas Creek and Pincunah. We expect to be drilling the new epithermal gold target we have defined at Pincunah first, with drilling to follow at Christmas Creek in Q3.
“Because of our strategic focus on these exciting assets, both of which we believe have the potential to deliver significant exploration success for Trek shareholders, the Board has also initiated a strategic review of the other projects within Trek’s large Australian portfolio. The objective of this review will be to secure other pathways to unlock the value of these projects for our shareholders.”