Trek Metals' March 2024 Quarterly Activities Report

Trek Metals Limited (ASX: $TKM) has announced the commencement of drilling at the Champagne Pool gold target as part of its 2024 field season. The company's CEO, Derek Marshall, highlighted the completion of planning for a potentially transformational year of exploration in 2024, with a focus on unlocking the potential of the Christmas Creek Gold Project in the Kimberley and the Pincunah Gold Project in the Pilbara. The company's cash position at the end of March 2024 stood at $5.47 million.

Executive Commentary by Derek Marshall, CEO of Trek Metals

Following a period of intensive strategic planning, we are delighted to now have our 2024 field season underway focused on unlocking the potential of our two high-priority gold projects in WA - the Christmas Creek Gold Project in the Kimberley and the Pincunah Gold Project in the Pilbara. Initial drilling kicked off recently at the Champagne Pool gold target, part of the Pincunah Project, where our exploration team has identified a favourable zone that is interpreted to represent the cap of a buried epithermal gold system. This is a very exciting target and we're eagerly awaiting initial results. In addition to Champagne Pool, we've also completed planning for a drilling program at the Christmas Creek Gold Project, which is thought to host a potential extension of the prolific Granites-Tanami Orogen, with metasediments in the area showing a correlation to the geological sequences that host Newmont's globally significant Tanami Gold Mine.

Summary of Trek Metals' Quarterly Activities Report

Trek Metals has commenced drilling at the Champagne Pool gold target and completed planning for a drilling program at the Christmas Creek Gold Project. The company's focus is on unlocking the potential of these high-priority gold projects in Western Australia. Additionally, Trek Metals has secured the McEwen Hills Niobium Project and is in discussions with Traditional Owners to secure land access agreements. The company's cash position at the end of March 2024 was $5.47 million. Trek Metals is also conducting a strategic review of its other projects, including potential joint venture arrangements and/or divestment, to unlock value for its shareholders.