Leeuwin Metals Database Review Confirms High-Grade Gold Potential at Marda

THE DRILL SERGEANT: Leeuwin Metals (ASX: LM1) has carried out a review of historical drilling results at the company’s Marda gold project in Western Australia.

Leeuwin Metals has identified extensive shallow high-grade mineralisation along a three-kilometre trend at Marda Central.

These results lie outside the four open pits previously mined by Ramelius Resources that Leeuwin considers to be an opportunity to define new mineralised zones beyond existing open pits.

The company has drilling to test these targets currently underway.

Leeuwin Metals executive chairman Christopher Piggott said in the company’s ASX announcement.
“The drilling results uncovered by the review of Marda Central strengthen our view about the substantial upside at Marda.

“The results show there is extensive mineralisation outside the mined areas, including high-grade zones, and highlight the potential to create value by extending this mineralisation, current drilling is targeting extensions of this mineralisation.

“They also show there has been little or no deeper drilling, which represents a significant opportunity for Leeuwin, particularly given that the mineralisation is hosted in banded iron formations, which are known for extending at depth.

“Given the success of this review, we will now conduct similar assessments of other key areas at Marda, including Evanston, Golden Ord and King Brown with the expectation there will be additional brownfield targets identified.

“This will be done in parallel with ongoing assessments of early-stage prospects within the project area and other opportunities within the region.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE