Materials

Trek Metals beefs up geodata ahead of drilling ‘Conductor A’ target nearby Pilbara Minerals acreage

Fri 28 Oct 22, 2:47pm (AEST)
Spinifex bushes stand in the foreground of a large hill in the NT outback covered with scrub
Source: Unsplash

Key Points

  • Trek Metals has conducted a review of geological data attached to its ‘Pincunah & Valley of the Gossans’ project
  • Company exploring for battery metals needed in lithium ion batteries including nickel-cobalt-manganese
  • Company also exploring for zinc and lead

Trek Metals (ASX:TKM) has won all necessary approvals it needs to commence drilling the ‘Conductor A’ prospect at its Valley of the Gossans project in WA, which is also next door to Pilbara Minerals (ASX:PLS)

Ahead of drilling, the company has reviewed all of its existing geological data for the area and now believes the prospect has a higher chance of returning positive hits for precious metals. 

Trek is exploring for battery metals nickel-cobalt-manganese, as well as zinc and lead at its north WA project. 

Pilbara Minerals producing lithium next door 

The prospect sits within a 100% owned tenement purchased by Trek Metals in part due to its proximity to Pilbara Minerals’ adjacent project. 

Currently, ahead of the drilling program, Trek is awaiting assay results from soil samples undertaken at the tenement to get a better idea of what soil anomalies may suggest is waiting underground to be found. 

Notably, Trek believes that on top of battery metals, there is a potential gold system present underground, though, this remains to be confirmed. 

Signs of gold 

“The recent findings from the review show the mineralisation at Valley of the Gossans (VOG) is likely of epithermal origin and is associated with the most highly mineralised samples,” Trek Metals CEO Derek Marshall said. 

“The prospectivity of Conductor A has been significantly increased, with the area likely to represent a higher level within the same mineralised system.” 

“This has several significant implications for the project. Firstly, the previously drill tested portion of VOG likely to be too deep in the system to host significant precious metals, though there is the potential for a deeper gold-rich system.” 

Trek Metals' three month charts
Trek Metals' three month chart

 

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Written By

Jonathon Davidson

Finance Writer

Jonathon is a journalism graduate and avid market watcher with exposure to governance, NGO and mining environments. He was most recently hired as an oil and gas specialist for a trade publication.

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