Leeuwin Metals (ASX:LM1) has commenced a major 10,000-metre drilling campaign at its Marda Gold Project near Southern Cross, Western Australia, targeting extensions to the Evanston deposit and newly identified down-hole electromagnetic anomalies.
The program aims to expand the current 135,800-ounce resource—comprising 49,200 ounces indicated and 86,600 ounces inferred—by testing down-dip and along-strike extensions, as well as high-grade shoots.
Marda, which hosts a total 342,000-ounce gold resource on granted mining leases, is considered underexplored, with significant discovery potential.
Leeuwin Executive Chairman Christopher Piggott said the drilling seeks to convert exploration upside into resource growth and deliver strong newsflow through 2026.
The Evanston system features shallow, sulphide-associated stratiform gold mineralisation in laminated cherts along a 1.6-kilometre, shallow southwest-plunging anticline, remaining open along strike and at depth.
First assay results from the current program are expected in February, as Leeuwin continues systematic exploration to grow resources and define new targets across the broader Marda Project.
At the time of reporting, Leeuwin Metals' share price was $0.16.