Leeuwin Metals (ASX:LM1) has reported new drill results from its 10,000m reverse circulation drill program ongoing at the Evanston Mine, part of its Marda Gold Project in Western Australia.
Marda hosts a global mineral resource of 342,300 ounces of gold, with 2.1 million tonnes @ 1.1 grams per tonne gold for 73,800 ounces indicated, and 8.1 million tonnes @ 1.03g/t gold from 268,500 ounces inferred.
The latest drill results include 13m @ 3.2g/t gold from 91m, including 3m @ 10.05g/t gold from 93m; and 10m @ 1g/t gold from 96m. Evanston’s resource stands at 135,800 ounces of gold currently.
Leeuwin notes that the current results indicate strong potential for resource growth, with higher-grade mineralisation intersected in step-out drilling extending approximately 250m down dip of the existing pit.
Executive Chairman Christopher Piggott says that the drill program at Evanston is off to a strong start, extending the shoot beyond the existing resource area.
“The result supports the potential for further resource growth and confirms DHEM to be a useful tool to aid exploration at the project,” Piggott says.
“The potential for a high-grade shoot to continue at depth is supported by these recent results.”
Additional assays are still pending, with approximately 2,000m of samples currently under analysis at the laboratory.
Leeuwin notes that the company remains well funded from its recently completed payment and is focused on driving exploration and growth at Marda.
Leeuwin Metals is an exploration company focused on discovery and development through its key projects in Western Australia and Canada.
Write to Amy Rotman at Mining.com.au
Images: Leeuwin Metals
