Trek Metals on track to start zinc drilling in June

By Jonathan Jackson. Published at May 1, 2018, in Small Caps

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Following 12 months of exploration, Trek Metals (ASX:TKM) is now preparing to commence its maiden exploration drilling programme during June 2018 in Gabon.

The company has undergone a program of constant re‐interpretation and re‐examination of historic data and combined with its own exploration, has found excellent opportunities for an open pit zinc and lead discovery.

“It was obvious during my recent site visit to Kroussou that the guys have been working extremely hard in preparation for drilling, following unavoidable delays due to rain, and continue to unlock the historic data package to assist with our drill targeting,” Trek's Managing Director Bradley Drabsch said. “The Nzahou target is a prime example of where BRGM has left us a great opportunity to quickly piece together a significant zinc‐lead resource at Kroussou.”

Examples from drilling the Nzahou target have found the following:

  • 8.2m @ 7.7% Zn + Pb from 13.6m in DK040 (Hist)
  • 16.0m @ 4.3% Zn + Pb from 11.0m in DKDD001 (TKM)
  • 12.5m @ 6.2% Zn + Pb from 3.9m in DK156 (Hist)
  • 15.8m @ 3.3% Zn + Pb from 19.1m in DKDD008 (TKM)

This target remains open down-dip and along strike towards TKM’s Mgene target to the west and the Mbome target to the east.

Each target is considered to have excellent potential.

It should be noted that TKM is an early stage play and anything can happen, so seek professional financial advice if considering this stock for your portfolio.

TKM will build on BRGM’s past exploration in the knowledge that historical drilling only targeted the delineation of lead deposits within the top 20 metres of surface and gave little attention to the zinc potential, nor the depth potential of the numerous significant zones of mineralisation that were discovered.

The figure below shows historic drilling conducted by BRGM was limited to very shallow holes and their interest in lead mineralisation.

Kroussou drilling map

The down‐dip potential of the mineralisation at Nzahou was not investigated or was not encountered due to the shallowness of the drilling. A more in-depth analysis of Kroussou can be found in the Next Mining Boom (a related entity of S3 Consortium) article Trek Metals Nabs Potential Zinc-Lead Behemoth: Drilling in Weeks.

Trek has shown that with complete hole assaying, the metal content is far greater than that indicated by the BRGM work. This is evidenced by TKM’s drillhole, DKDD001, indicating a much broader zone of mineralisation than suggested by the historic drilling.

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S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

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