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
AI image of close up metals including titanium

Alcoa Corp jumps over +7%, the latest victim – or is it beneficiary? – of the Iran War

Aluminium producer Alcoa Corp jumped over +7% to $92.30/sh on Monday as it became the latest…

Mamba chasing gold targets at Meeka East after modern tech added ‘another level of information’

Mamba Exploration is incorporating modern technologies to confirm targets for its maiden drilling program at the…
An electric car charger at work powering up an EV vehicle

A Macquarie note said EV sales will rise due to oil prices. Now PLS Group is up +6%

If you’re wondering why Pilbara Minerals – now called PLS Group (ASX:PLS) – has jumped as much as +6%

Sprintex signs South Korean hydrogen system agreement for its fuel cell compressors

Sprintex has signed into an exclusive distribution agreement with ChoisTechnics for the supply of its advanced…