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Trek Metals (ASX:TKM) begins RC drilling at Valley of the Gossans

ASX News, Mining
ASX:TKM      MCAP $17.97M
10 November 2021 14:23 (AEST)

Drill rig at Valley of the Gossans. Source: Trek Metals

Trek Metals (TKM) has begun reverse circulation (RC) drilling at the Valley of the Gossans volcanic massive sulphide (VMS) prospect.

Valley of the Gossans is part of the Pincunah Project, which lies 100 kilometres south of Port Hedland in the Pilbara region of Western Australia.

Roughly 900 metres of drilling will be undertaken to test the recently defined base metal mineralised stratigraphy and a chargeability anomaly identified via an induced polarisation (IP) survey.

This drilling follows Trek’s highly successful maiden drilling program which confirmed the potential for a significant copper-zinc-lead-silver VMS system.

It also follows a helicopter-borne electromagnetic survey completed at Valley of the Gossans to define significant conductive bodies.

Additionally, a down-hole electromagnetic survey (DHTEM) is scheduled to begin later in the month to define significant conductive bodies.

Holes from this upcoming program will also be cased for future DHTEM purposes.

“We are really pleased to have secured a drill rig to fast-track further exploration at the emerging VMS copper-zinc discovery at Valley of the Gossans, particularly given the extremely tight availability for drill rigs in WA at the moment,” CEO Derek Marshall said.

“There are a number of high-priority first-pass targets which require testing as soon as possible.”

Trek was up 14.3 per cent on the market with shares trading at 12 cents at 2:18 pm AEDT.

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