Trek Metals Intercepts High-Grade Manganese at Western Australia Prospect; Shares Up 5%
Trek Metals (ASX:TKM) said the first drill assays at its Kuro prospect in Western Australia confirm the discovery of an extensive, near-surface manganese system, according to a Thursday filing with the Australian bourse.The company reported a "standout intercept" of 10 meters at over 42% manganese from 13 meters.Other high-grade results include four meters at about 45% manganese from surface; 11 meters at 24% manganese from six meters; 13 meters at about 20% manganese from 24 meters; 11 meters at over 19% manganese from nine meters; and eight meters at more than 25% manganese from eight meters.Remaining assay results from the rest of the phase-one drilling are expected over the next three to five weeks, the company said, adding that further earthmoving has started at Kuro ahead of upcoming drilling.The company's shares rose past 5% in recent Thursday trade.