Trek ready to release assay results in third-quarter
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
This product is classified as ‘very high risk’ in nature due to its location and geopolitical situation of the region. Finfeed advises that extra caution should be taken when deciding whether to engage in this product, however if you are not sure whether it is suitable for you we suggest you seek independent financial advice.
Trek Metals (ASX:TKM) is a diversified mining company, exploring in frontier locations with its strategy centred around unlocking value in largely under-explored regions.
While the company is diversified by geography with projects in West Africa, an application for a grant of tenure in the Northern Territory and an appeal in progress in relation to the Kangaluwi Copper Project in Zambia, Trek is for the best part a base metals play with a strong focus on zinc and lead.
Drilling has started at the Krossou zinc-lead project in Gabon with about 20 per cent of the 2000 metre program now complete.
Geology identified in initial holes was in keeping with management’s expectations with widespread visible, disseminated sulphide mineralisation including zinc and lead.
A second drill rig is now on site, and management expects to be in a position to release assay results in the third quarter of 2018.
It should be noted that any results are speculative at this stage, so investors should seek professional financial advice if considering this stock for their portfolio.
Zinc and lead mineralisation present in all holes
At the Krossou project, initial drilling was centred at the Nzahou target within the Dikaki Channel with the aim of demonstrating the down dip and along strike continuity of the mineralisation identified originally through historic exploration, and recently confirmed by Trek in 2017.
Observations by Trek during the current program indicate that zinc and lead mineralisation is present in all holes.
Management said that as well as the presence of mineralisation supporting historic data, the geological features were also consistent with those identified during previous exploration.
Intermittent exploration was carried out on the Kroussou Project between 1962 and 1980, primarily by the BRGM, with latter work completed in partnership with the Gabonese Government organization known as COMILOG.
The majority of the BRGM drilling was carried out on the Dikaki Prospect.
Numerous shallow intersections of ore grade and width zinc and lead mineralization were returned with some of the better intersections reported from the 1979-80 listed below.
Aside from exploration news, there have been positive developments on the infrastructure front.
Access into the Kroussou Project area has been greatly improved due to the presence of several logging companies operating in the area.
New, high quality bitumen and all-weather unsealed roads lead into and out of the project from Libreville.
A small river port at Yeno, approximately 65 kilometres to the west of the Kroussou Project along a good quality road, is used by the timber and oil industries to barge equipment and product to Gabon’s main commercial shipping base at Port Gentil, approximately two days by river to the north-west of the Kroussou Project.
This barge system presents a relatively cheap logistical solution for operations within the Kroussou Project.
Aside from the Krossou Project and the upcoming assay results, the other key pending developments are the determination of tenure regarding the Lawn Hill Project in the Northern Territory and the resolution of an appeal by conservationists in relation to the Kangaluwi Copper Project.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (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 and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.