Trek Metals (ASX: TKM)85% up (from 2.7c to 5c) There’s nothing like the excitement of visible gold in a drilling program to get the punters frothing. That is exactly what Trek Metals delivered this week to nab the final spot on the Bulls N’ Bears ASX Runners of the Week list. Trek Metals’ visual gold in drilling samples from recent discovery holes at its Christmas Creek project in northern Western Australia. The junior goldie strutted its stuff with dazzling gold in quartz from its Christmas Creek project in Western Australia, sending its share price soaring.Trek found the visible gold in drill chips at its Martin prospect near the Northern Territory border, as it followed up on earlier high-grade discovery hits of 10 metres at 12.66g/t gold from 59m and 10m at 7.34g/t from 94m.
With televiewer data hinting at stacked quartz veins and this golden eye-candy confirming a high-grade discovery, Trek has since fast-tracked drill testing to chase the system’s extensions.Management is not shy about its prospects either. They are touting Christmas Creek as a potential Tanami-style titan, the kind of orogenic gold monster that lured Newmont into a $6m joint venture to work up early targets on its ground yesteryear.
Trek managing director Derek Marshall has been singing the prospect’s praises, arguing the market has slept on the scale of Trek’s gold discovery holes.Comparisons to the Tanami region, a gold-drenched district in the NT, aren’t just hot air - they’re a flex that could put Trek on the map.The market woke up on Tuesday, with Trek’s share price rocketing up more than 85 per cent from the day’s announcement, peaking at 5c on Friday from last week’s 2.7c close on more than $600,000 of stock traded.
With drills primed and a district-scale vision, Trek is hoping for more of the same when it returns to Martin for extensional discovery drilling to kick off “as soon as practicable”.
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