Christmas Creek Drilling Yields 10m @ 12.66g/t and 10m @ 7.34g/t Gold Intercepts

Strong Start at Christmas Creek

Trek Metals has delivered a compelling update from its December 2024 quarterly activities, highlighting high-grade gold intercepts from its maiden drilling program at the Christmas Creek Project in Western Australia's Kimberley region. The standout results come from the Martin Prospect, where reverse circulation drilling intersected 10 meters at 12.66 grams per tonne (g/t) gold from 59 meters depth, including exceptional sub-intervals of 1m at 32.6g/t and 3m at 29.8g/t. A second intercept of 10m at 7.34g/t from 94 meters further underscores the prospect's potential.

These results build on historical drilling by Newmont, which had previously reported significant mineralisation, and now confirm gold mineralisation over a substantial footprint measuring approximately 800 by 500 meters. Multi-element geochemical analysis has revealed two prominent gold trends extending over 1 to 1.5 kilometers, with the high-grade intercepts occurring at their intersection, a promising structural setting for a major orogenic gold system.

Refining Targets and Expanding Exploration

To better understand the controls on mineralisation, Trek has completed down-hole televiewer surveying, providing detailed structural data that will inform the next phase of drilling. The company is also progressing petrographic analysis of mineralised samples and integrating geochemical data to refine drill targets. Complementing this, a large soil sampling program has returned results currently under interpretation, aiming to identify new first-pass drill targets beneath the extensive sand cover that characterises much of the project area.

Beyond Martin, anomalous gold mineralisation has been intersected at the Zahn and Coogan prospects. Zahn, notable for its large and strong gold-in-soil anomaly, remains underexplored with broad-spaced drilling returning anomalous intercepts, setting it up as a key target for upcoming drilling campaigns. Coogan, situated in exposed Paleoproterozoic rocks, hosts a fertile shear zone with evidence of hydrothermal gold mineralisation, further expanding the project's exploration upside.

Strategic Focus and Corporate Updates

While Christmas Creek remains the company's flagship focus, Trek is also advancing its McEwen Hills Niobium Project in the Northern Territory. Located within the West Arunta Critical Minerals Province and adjacent to WA1 Resources’ Luni discovery, McEwen Hills holds significant potential for niobium and rare earth elements. Trek is currently negotiating land access agreements with Traditional Owners and the Central Land Council, a critical step toward commencing exploration activities.

On the corporate front, Trek has taken steps to preserve cash reserves amid ongoing exploration expenditure. Directors have agreed to accrue fees and seek shareholder approval to issue shares in lieu of cash payments at the next AGM. The company ended the quarter with $2.17 million in cash, supporting approximately three quarters of funding at current expenditure levels.

Looking Ahead

Trek Metals is poised to build on its promising start at Christmas Creek with a Phase 2 drilling program designed to test refined structural targets and expand the footprint of high-grade gold mineralisation. The integration of televiewer data, petrography, and soil geochemistry will be pivotal in unlocking the project's full potential. Meanwhile, progress at McEwen Hills will be closely watched as land access negotiations advance. Together, these developments position Trek Metals as an intriguing explorer in the evolving Australian gold and critical minerals landscape.