Leeuwin Metals commences drilling at Marda Project
Leeuwin Metals (ASX:LM1) commenced a 5,000-metre high-impact reverse circulation drilling programme at its flagship Marda Gold Project, located near Southern Cross in Western Australia.
The exploration campaign aims to rapidly expand the company’s existing 342,300-ounce mineral resource estimate, which currently comprises an indicated resource of 2.1 million tonnes at 1.1g/t Au for 73,800 ounces and an inferred resource of 8.1 million tonnes at 1.03g/t Au for 268,500 ounces.
The drilling initiative will aggressively target extensions of known mineralisation and test eleven under-explored north-south structural trends.
Previous rock chip sampling across these historic workings yielded exceptional peak assays, including spectacular grades of 209g/t, 62.4g/t, 49.2g/t, and 40.6g/t Au.
Key focus areas include the Atkinson Find, which previously recorded a +10g/t Au sample, and Allens Find, a historic state battery site that returned multiple +10g/t Au samples peaking at 18.55g/t.
The programme is prioritising newly identified down-hole electromagnetic anomalies at the Evanston and Golden Orb prospects, with several dedicated drill holes planned to test these high-priority geophysical targets.
Leeuwin Executive Chairman, Christopher Piggott, expressed strong confidence in the project's upside, noting that the combination of a solid maiden resource base, high-grade surface anomalism, and fresh DHEM targets positions the company to deliver meaningful exploration outcomes.
At the time of reporting, Leeuwin Metals’ share price was $0.16.
