Leeuwin Metals (ASX:LM1) confirms gold in historic tailings at its Marda Gold Project in Western Australia, with auger sampling returning an average of 0.60 grams per tonne gold (Au) from the top metre only.
The company completed 10 handheld auger holes across the Butcher Bird tailings at Marda Central, returning results from 0.48–0.91g/t Au. A 3D surface scan estimates roughly 12,000m³ of tailings material sitting at surface.
Executive Chairman Christopher Piggott says the results reinforce the opportunity in the historic tailings at Marda Central.
“These tailings represent a potential source of quick, low-cost cashflow while we continue to advance the broader Marda Gold Project,” Piggott says.
The tailings cover 120m by 60m with heights up to 2m, leaving potential for additional mineralisation at depth. Leuuwin notes that no tonnage, exploration target, or mineral resource estimate has been completed for the tailings.
The Marda Gold Project hosts a global mineral resource estimate of 378,600 ounces of gold at 11.4 million tonnes (Mt) grading 1.03g/t Au including indicated resources of 3.1Mt at 1.04g/t Au for 104,000 ounces and inferred resources of 8.3Mt at 1.03g/t Au for 274,600 ounces.
Leeuwin is planning systematic auger sampling across the full thickness of the tailings and metallurgical testwork to evaluate processing options, with drilling planned for Q4 2026.
The company recently entered a joint venture with Arrow Minerals (ASX:AMD) over its West Pilbara iron ore tenements, retaining a 30% free-carried interest to a decision to mine.
Leeuwin is also progressing its strategic review of its Canadian lithium assets.
Leeuwin Metals is an Australian mineral explorer focused on discovering mineral resources across Canada and WA.
Write to Paula Fabe at Mining.com.au
Main image: Leeuwin Metals
