Leeuwin Metals (ASX:LM1) commences high impact drilling at Marda

Leeuwin Metals has commenced a high impact RC drill program at the Marda Gold Project, near Southern Cross in Western Australia.

The 5,000m program is focused on extending mineralisation and testing new under explored high grade trends, while also targeting newly defined down hole electromagnetic (DHEM) targets at Evanston and Golden Orb.

Highlights

• High impact RC drilling commenced to test extensions of the existing 342,300oz Mineral Resource at the Marda Gold Project.
• Mineral Resource includes Indicated: 2.1Mt @ 1.1g/t Au for 73,800oz and Inferred: 8.1Mt @ 1.03g/t Au for 268,500oz.
• New DHEM anomalies identified at Evanston and Golden Orb, with several drill holes planned to target these anomalies.
• Prior rock chip sampling returned peak assays of 209g/t, 62.4g/t, 49.2g/t and 40.6g/t Au.

The release also references previously reported rock chip sampling at Atkinson Find, where historic workings included a +10g/t Au sample, with a reported 62.4g/t Au result, and Allens Find, where previously reported rock chip results included multiple +10g/t Au samples, with peak results of 18.55g/t and 11g/t Au at a historic state battery site.

Drill testing is also planned across newly identified DHEM anomalies at Evanston and Golden Orb, where the release states a newly modelled DHEM conductor of approximately 150m x 130m has been identified at Evanston, located outside the current Mineral Resource envelope, while a newly modelled footwall DHEM conductor of approximately 165m x 165m has been identified at Golden Orb, also located outside the current Mineral Resource, with drill holes planned to test both DHEM conductors.

The Marda Gold Project includes granted mining leases and a broader tenement position, including mining, exploration and prospecting licences.

The release states the project is positioned close to existing infrastructure, supporting efficient field operations and future development options.

Leeuwin Metals Executive Chairman Christopher Piggott said

“The drill program is designed to test extensions of the existing 342,300oz Mineral Resource and to follow up under-explored structural trends at Marda. With the maiden Resource as a base, 11 under-drilled north–south structural trends, prior rock chip anomalism at Atkinson Find and Allens Find, and newly defined DHEM anomalies at Evanston and Golden Orb, we believe the program is well positioned to deliver meaningful exploration outcomes. The Company is well funded for the program and we look forward to reporting results in due course.”

Looking ahead, the company states first assay results from the current drill program are expected in the coming months, with drilling ongoing and a total 5,000m planned.

Further regional targeting and work programs will also commence, advancing several additional targets within the project, with the announcement also stating Leeuwin is well funded to support an accelerated exploration program at Marda.

The release states Leeuwin’s strategic focus remains on discovery and resource growth across multiple gold targets within the broader Marda Gold Project.

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