Christmas tree concept
Adobe Stock
The Market Online - At The Bell

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

Trek Metals (ASX:TKM) has kicked off drilling for gold and rare earths on-site its project digs in the Kimberley region of WA.

The so-called Christmas Creek project will see an 8,000m RC drill run carried out over the coming days and weeks following the recent completion of pre-drill documents.

Multiple drill targets are to be tested in the coming weeks, including four high-priority gold targets and one rare earths target Trek is hopeful may contain niobium.

“The first holes are targeted at the Martin prospect, a large and well-defined gold target where previous drilling by Newmont returned significant high-grade intercepts,” Trek Metals CEO Derek Marshall said.

“The program will then advance to systematically test the Coogan, Zahn and Willis gold targets and the Zahn South Rare Earth target.

““Coogan is a large, well-defined gold mineralised system with only wide-spaced drilling completed previously … we are drilling the untested core of the system and stepping out to look for potential parallel structures.”

TKM last traded at 3.8cps.

TKM by the numbers
More From The Market Online
A Black Cat Syndicate truck drives into the Paulsens gold mine opening.

‘Immensely proud’: Golden day for Black Cat Syndicate after first Paulsens pour

Black Cat Syndicate (ASX:BC8) has scored a golden victory right before Christmas, with the Western Australian explorer recording its
Mining work at CZR Resources' for-sale Robe Mesa iron ore project.

Still no approval 12 months on: FIRB wait forces CZR Resources to kick $102M Robe Mesa sale down road again

CZR Resources (ASX:CZR) has been forced to
The words "Market Open" appear stacked atop one another next to ASX company iconography.

ASX Market Open: Operator beats weekend’s tech outage to get Aussie bourse open for green Monday | Dec 23, 2024

First thing first, yes the ASX will be open today – the Aussie bourse was in serious danger of being closed through December