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- Trek Metals (TKM) confirms the presence of high-grade lithium within a pegmatite system at its Tambourah project in Western Australia
- Rock chip samples from the area returned assays of up to 2.69 and 3.07 per cent lithium oxide
- CEO Derek Marshall says confirming “very high-grade” lithium at surface is a “very exciting breakthrough” for the company
- Trek is waiting on assays from soil sampling and will use the results to help define targets for future drilling
- TKM shares are up 37.5 per cent to close at 8.8 cents
Trek Metals (TKM) has confirmed the presence of high-grade lithium at its Tambourah lithium project in Western Australia’s Pilbara region.
The lithium lies within an extensive yet undrilled pegmatite system which returned historical rock chip results including 3.07 per cent lithium oxide, 2.69 per cent lithium oxide and 2.36 per cent lithium oxide.
Known pegmatite swarms extend over an area of at least four square kilometres and are up to 1.6 kilometres long, with high-grade lithium identified in outcrop.
CEO Derek Marshall said this is a “very exciting breakthrough” for Trek’s exploration team.
“Confirming very high-grade lithium at surface in multiple spodumene-bearing pegmatite dykes is about as good as it gets for this stage of exploration, highlighting the enormous prospectivity of the mineralised system at Tambourah,” he said.
The company is now waiting on assays from a recent soil sampling program which focused on areas that previously returned “highly anomalous” lithium stream sediment results, rock chip fertility indicators and multiple mapped outcropping pegmatite dykes.
Trek Metals will utilise the assays to define targets for future drilling programs.
TKM shares were up 37.5 per cent to close at 8.8 cents.
