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.
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.
“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.”
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