PriceSensitive

Trek Metals (ASX:TKM) defines multi-element anomaly at Pincunah

Mining
ASX:TKM      MCAP $18.99M
16 February 2021 16:45 (AEST)
Trek Metals (ASX:TKM) - Chairman, Tony Leibowitz

Source: TechInvest Magazine

Trek Metals (TKM) has defined a multi-element anomaly that extends for more than two kilometres at its Pincunah Gold and Copper Project in WA.

The project is situated within the Pilbara region, immediately southeast of Kairos Minerals’ (KAI) Mt York Gold Project and Pilbara Minerals’ (PLS) Pilgangoora-Altura lithium complex.

The anomaly was defined by a recent soil sampling program, which targeted the Valley of the Gossans prospect.

The 2.1-kilometre-long anomaly is up to 500 metres wide and contains strongly elevated arsenic, antimony, silver, selenium and gold. It remains open to the northwest and southeast.

While assays didn’t return elevated gold, they did returned highly anomalous arsenic up to 3600 parts per million (ppm), silver up to 13ppm, copper up to 600ppm and up to 0.4ppm bismuth.

“These exciting soil sampling results have reinforced our belief that the Pincunah Project has the potential to host a deposit of significant scale. It’s not often that you see a multi-element arsenic anomaly of this tenor and scale,” Executive Director John Young said.

The company will soon undertake follow-up soil sampling and a trial induced polarisation survey, which will target massive sulphides.

Company shares are trading in the grey at 7.6 cents at market close.

Related News