Leeuwin Metals (ASX:LM1) will move forward with the phase two reverse circulation drilling program at its wholly owned Marda Gold Project in Western Australia, following results from its maiden drilling program.
The phase two program aims to target down-dip and strike extensions following recent high-grade intercepts reported along the banded iron formation (BIF) hosted trend. This program is scheduled to begin in late May 2025.
The maiden reverse circulation drilling program spanned 2,000m across the project, extending the known mineralisation below the existing open pit. Intersections were present in both of the upper and lower BIF units.
Phase one drilling assays includes 16m @ 2 grams per tonne gold from 134m and 8m @ 3.04g/t gold from 215m at MGRC0006, and 2m @ 5.45g/t gold from 77m and 4m @ 1.52g/t gold from 150m at MGRC0003.
Executive Chairman Christopher Piggot says the company believes the results are an “outstanding” start to the programs scheduled at Marda Central.
“The results confirm our view that the mineralisation at Marda Central continues beyond the shallow open pit, this drilling demonstrates the exploration upside present, demonstrating the depth and strike potential of the system,” Piggot says.
Leeuwin Metals, which has a market capitalisation of $18.14 million, is an exploration company focused on discovering and developing mineral resources in Western Australia.
Write to Maddison Elliott at Mining.com.au
Images: Leeuwin Metals
