Leeuwin Metals (ASX:LM1) extends Evanston gold mineralisation at Marda
March 4, 2026Leeuwin Metals has reported further step out drilling success at the Evanston Mine within its 100% owned Marda Gold Project, north of Southern Cross in Western Australia, with new shallow intercepts extending mineralisation beyond the existing resource envelope.
The results form part of an ongoing 10,000m program designed to test strike and down dip continuity along the 1.6km Evanston trend and support broader resource growth initiatives across Marda.
Highlights
-
14m @ 1.72g/t gold from 98m, including 3m @ 4.75g/t gold from 98m (MGRC0109)
-
9m @ 1.70g/t gold from 77m, including 4m @ 3.01g/t gold from 77m (MGRC0114)
-
14m @ 1.14g/t gold from 96m, including 1m @ 5.14g/t gold from 96m (MGRC0108)
-
Assays pending for 50 RC holes, with approximately 4,600m of samples in the laboratory and results expected over 2–6 weeks
-
Planning underway for April RC drilling at Marda Central targeting high grade workings trends and shoots beneath existing open pits
Marda hosts a global Mineral Resource of 342,300oz of gold, comprising Indicated Mineral Resources of 2.1Mt @ 1.1g/t Au for 73,800oz and Inferred Mineral Resources of 8.1Mt @ 1.03g/t Au for 268,500oz.
Within this inventory, Evanston accounts for 135,800oz, including Indicated Mineral Resources of 1.5Mt @ 1.0g/t Au for 49,200oz and Inferred Mineral Resources of 2.8Mt @ 0.97g/t Au for 86,600oz.
The latest drilling has intersected higher grade mineralisation in step out holes extending approximately 250m down dip of the existing pit, with intercepts coinciding with a large DHEM anomaly.
The mineralisation at Evanston comprises shallow, sulphide associated stratiform gold hosted in laminated cherts within a broad folded sequence, extending approximately 1.6km along a shallow south west plunging anticline, with near surface flat lying lenses that remain open along strike and at depth.
The company is employing reverse circulation drilling, with intercepts reported using a >0.3g/t Au cut off grade and up to 8m of internal dilution.
Assaying for the current release was completed using the Photon Assay method, providing total contained gold.
Executive Chairman Christopher Piggott said,
“These new results build on the recent drilling and are extensions from the existing resource at Evanston. With shallow intercepts and true widths within the top 100m of surface, these results point to additional resource growth at Evanston.”
Beyond Evanston, Leeuwin has flagged ongoing exploration across multiple gold targets within the broader Marda Gold Project, including continued testing of down dip extensions generated from recent drilling and DHEM surveys, continuous data review to support further Mineral Resource growth, and prospect reviews to define new structurally prospective corridors.
In parallel, the company is conducting a strategic review of the Cross Lake Lithium project and the William Lake Ni PGE project.
For mid to high net worth investors tracking Western Australian gold exposures, the focus now shifts to the pending assays from 50 holes and the progression of drilling along strike and at depth.
With drilling ongoing and results expected over the coming weeks, Evanston remains central to Leeuwin’s objective of advancing discovery and resource growth at Marda.
Please note the following valuable information before using this website.
Independent Research
Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.
