A drill rig set up to a "drilling in process" warning sign at Trek Metals' Christmas Creek Gold Project.
Image: Trek Metals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Trek Metals (ASX:TKM) is expanding operations at its Christmas Creek Gold Project in the Kimberley, bringing in another contractor to undertake diamond core drilling alongside the explorer’s ongoing RC drill program.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

The explorer has been working at Christmas Creek since 2024, and while it’s spotted several “large-scale” targets, Trek believes there’s more to find down deeper.

“The securing of this second rig to undertake diamond drilling at Christmas Creek represents an exciting milestone, providing the opportunity to get down deeper in the system and obtain a much clearer picture of the geology and structural controls of the gold mineralisation,” Trek’s CEO, Derek Marshall, explained.

Most of the focus for this expanded drilling program, which is to be helmed by contractor DDH1 Drilling, will be around the company’s Martin Prospect area.

Trek will get its hands on the new rig in early July and plans to start right away.

These drilling expansion plans won’t impact Trek’s already-running RC program that’s been running since early June either; that is still firing away beneath and along strike at the Martin Prospect, at time of writing.

Trek has been working on several intercepts already picked up in drill-hole 24XRC097, including 10 metres at 12.66 grams per tonne gold from 59 metres.

More market news

Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst

Tariffs not so scary: “Soft” U.S. inflation a good thing for Oz trade

The overall objective at the Martin Prospect now, Mr Marshall explained, is to “delineate what we believe to be a significant stacked high-grade vein system.”

As for how long all that will take to be in shareholders’ hands, he said: “The RC drilling is ongoing… we expect to test several prospects [soon]. We look forward to seeing what the current round of drilling reveals, with the first round of assay results expected to be reported to the market in coming weeks.”

TKM closed at 8.2cps on Tuesday before this latest drilling news.

Join the discussion: See what HotCopper users are saying about Brookside Energy and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

TKM by the numbers
More From The Market Online
The Market Online Video

HotCopper Highlights, Week 50: 4DX above $2/sh, Nanoveu, Ovanti & more

Good Afternoon and welcome to HotCopper Highlights wrapping up Week 50 of the year, I’m Jon Davidson.

‘Potential is enormous’: GreenX likes what it’s found in Tannenberg, is activating acquisition option

GreenX Metals has activated an option to secure control of the Tannenberg Copper Project in Germany,…
The Market Online Video

ASX Market Open: Oz shares heading for W50 weekly gains with Friday rally | Dec 12

ASX today – The third-last week of CY25 may actually end on gains, with a late-on…

Listen: HotCopper Wire CY25 Wrapped – Looking back at Invictus, Kaili, DRO, and more

In the first half of the HotCopper Wire‘s CY25 end-of-year special, Isaac McIntyre and Jonathon Davidson look back over the year that was