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Trek Metals Ltd.
Summary
| Project: | Kroussou | |
|---|---|---|
| Deposit: | Kroussou | |
| Location: | Gabon | |
| Commodities: | Lead-Zinc | |
| Date: | 1/31/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-1-2019: Trek Metals Ltd. announces a Resource Estimation report for its Kroussou deposit at the Kroussou project. Exploration target for Kroussou. Trek Metals Limited (“Trek” or “Company”) is pleased to announce the maiden Exploration Targets with | |
| Resources: | Exploration Target: 10 - 20Mt @ 0.8 - 1.5% Zn, 1.0 - 1.9% Pb for moderate grade target | |
| CP/QP: | [Resources]: Toby Wellman (Independent) | |
| ABSTRACT: | Trek Metals Limited (“Trek” or “Company”) is pleased to announce the maiden Exploration Targets within part of the Dikaki Channel, at its flagship Kroussou Zinc-Lead Project in Gabon (“Kroussou” or “Project”). The Exploration Targets are detailed in Table 1 above. Importantly, the estimate is solely within the area of the Dikaki Channel that has been the subject of drilling by Trek, representing only ~1.5km of Dikaki’s >4.2km of known mineralised strike. The remainder of the channel, subject only to historic drilling or minimal drilling by TKM, has not been included in the estimate due to the historic drilling not being able to conform to JORC 2012 requirements. The large scale of the maiden Exploration Target, which represents the first major base metals target to be defined in Gabon, firmly establishes a new, under-explored zinc-lead province in West Africa. The Company has taken a conservative approach and the estimation only covers the portion of the Dikaki Channel that has been adequately drill tested by Trek. Even with this conservative approach, Trek has been able to deliver a highly significant target with scope for substantial growth and potential for conversion of all, or part of the Exploration Target to a JORC 2012 compliant Mineral Resource with minimal additional drilling. Encouragingly, this Exploration Target represents only a portion of the Dikaki Channel, yet Trek has already confirmed the existence of promising zinc-lead mineralisation along almost the entire length of Dikaki, and in addition, within another four channels that it has drilled (Niambokamba, Bouambo South, Bouambo East, and Bimbome). There are also a number of other lookalike prospects identified, using a combination of soil sampling, rock sampling and mapping, along the basin margin (see Figure 4 below) | |
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