Christmas Creek Drilling Yields 10m @ 12.66g/t Au; Trek Raises $3.5m to Accelerate Exploration
Trek Metals has confirmed that its high-grade gold intercepts at the Christmas Creek Project are close to true width, supported by down-hole televiewer surveys and visible gold in drill chips, prompting a fast-tracked drilling program backed by a $3.5 million capital raise.
- Down-hole televiewer surveys confirm stacked veins at true width at Martin Prospect
- Visible gold identified in drill chips from high-grade intercepts up to 12.66g/t Au
- Encouraging gold mineralisation at Zahn and Coogan Prospects with new geological models
- South Woodie Woodie manganese project shows strong assay results via investee Advanced Energy Fuels
- Company raised $3.5 million post-quarter to accelerate Christmas Creek drilling
Confirming True Width High-Grade Gold at Christmas Creek
Trek Metals Limited (ASX: TKM) has delivered a significant boost to its exploration narrative with the release of its March 2025 Quarterly Activities Report. The company’s maiden Reverse Circulation (RC) drilling program at the Christmas Creek Gold Project in Western Australia’s Kimberley region has yielded compelling evidence that the high-grade gold intercepts previously reported are close to true width. This confirmation comes from detailed down-hole televiewer surveys conducted on drill-hole 24XCRC097 at the Martin Prospect, which intersected notable intervals of 10m @ 12.66g/t Au and 10m @ 7.34g/t Au.
The televiewer data reveal a series of stacked quartz veins intersected at a high angle to the drill hole axis, dispelling concerns that the drill holes might have been drilled down the length of a vein, which can artificially inflate apparent widths. This geological insight significantly upgrades the prospectivity of the Martin Prospect, suggesting a robust orogenic gold system with potential for a large-scale discovery.
Visible Gold and Geological Interpretation
The geological interpretation places the gold-bearing veins in the hinge zone of a folded meta-sedimentary sequence, a structural setting analogous to known deposits such as the Callie Mine in the Tanami region. This structural control is encouraging as it provides a predictable framework for targeting extensions of mineralisation.
Expanding Targets at Zahn and Coogan Prospects
Beyond Martin, the company has received encouraging assay results from the Zahn and Coogan Prospects. Recent one-metre assays at Zahn have delineated low-grade but significant gold mineralisation over broad intervals, including 28m @ 0.18g/t Au. A new geological model interprets Zahn as a potential orogenic gold camp, with mineralised dolerite contacts adjacent to major regional structures representing high-priority drill targets. Similarly, Coogan shows extensive multi-kilometre scale geochemical anomalies, underscoring the district-scale potential of Christmas Creek.
Progress at South Woodie Woodie Manganese Project
In parallel, Trek’s investee company Advanced Energy Fuels has reported strong rock chip assay results from the South Woodie Woodie Manganese Project in the Pilbara. High-grade manganese mineralisation exceeding 30% Mn has been confirmed over a 3.5 km strike length at the Pearana Prospect, with additional promising results at Pothole and other prospects. Downstream test work is underway to produce High-Purity Manganese Sulphate Monohydrate (HPMSM), a critical battery material, positioning the project well within the growing battery metals sector.
Corporate and Financial Position
Financially, Trek Metals ended the quarter with $1.69 million in cash and has since completed a strongly supported $3.5 million capital raising. The funds are earmarked to fast-track the next phase of drilling at Christmas Creek, particularly at Martin, with plans to commence drilling as soon as practicable. The company’s strategic focus remains on advancing its flagship Christmas Creek Gold Project and the McEwen Hills Niobium Project in the Northern Territory, while exploring alternative pathways for other assets including the Jimblebar Nickel-Copper-PGE Project.
CEO Derek Marshall emphasised the importance of the recent results, noting that the confirmation of true width high-grade veins and visible gold presence significantly de-risks the exploration model and justifies accelerated drilling efforts. The upcoming drilling campaign, supported by high-resolution geophysics and a newly established field camp, aims to delineate extensions of the mineralised system and unlock the full potential of this emerging gold district.
Bottom Line?
Trek Metals’ confirmation of true width high-grade gold veins at Christmas Creek sets the stage for a pivotal drilling campaign that could redefine the project’s scale and value.
Questions in the middle?
- Will metallurgical test work confirm the amenability of the visible gold for efficient processing?
- How extensive are the stacked vein systems at Martin, and what size resource could they imply?
- What impact will the $3.5 million capital raise have on Trek’s share structure and funding runway?
