Marda Drilling Yields Up to 10g/t Gold Over Multiple Meters, New Targets Identified

Strong Drilling Results Reinforce Marda's Potential

Leeuwin Metals Ltd (ASX – LM1) has delivered a compelling update from its Marda Gold Project in Western Australia, reporting multiple thick, high-grade gold intersections from recent drilling at the Python prospect within Marda Central. Notably, assays include a standout 5 meters at 5.0 grams per tonne (g/t) gold, with a 1-meter interval hitting 10.0 g/t, confirming robust mineralisation continuity beneath the existing open pit.

The drilling campaign has extended known mineralisation over a 200 by 200-meter area, demonstrating strong down-dip continuity and reinforcing Marda Central as a priority target. These results build on Leeuwin’s earlier drilling success and support the company’s strategy to define and grow resources across the project.

New Targets Expand Exploration Horizon

Beyond drilling, recent field mapping has identified 11 new mineralised corridors across Marda Central, many hosting historical workings that have yet to be explored with modern techniques. These north-south trending quartz vein structures cross-cut the known east-west banded iron formation mineralisation, suggesting a potentially new style of gold mineralisation.

Leeuwin has collected over 120 rock chip samples from these newly identified targets, with assay results expected in the coming weeks. This expanded exploration footprint significantly enhances the project’s growth potential and provides a rich pipeline for future drilling campaigns.

Upcoming Drilling and Resource Milestones

Looking ahead, Leeuwin plans to commence reverse circulation drilling at the Evanston prospect in mid-August, targeting shallow, high-grade mineralisation extensions. Concurrently, ongoing structural mapping and 3D geological modelling at Marda North aim to refine the understanding of mineralisation controls and support a maiden Mineral Resource Estimate targeted for this quarter.

Executive Chairman Christopher Piggott highlighted the significance of these developments, emphasizing the scale and tenor of the Marda system and the company’s commitment to advancing resource definition. The combination of strong drilling results, new target identification, and systematic exploration positions Leeuwin Metals well to unlock further value from the Marda Gold Project.

Strategic Location and Rich Geological Setting

The Marda Gold Project benefits from a granted mining lease and proximity to existing infrastructure, facilitating efficient exploration and potential future development. Situated within a 70-kilometer greenstone belt known for gold mineralisation, the project has a rich history of intermittent mining and extensive drilling, providing a solid foundation for Leeuwin’s exploration efforts.

With over 350,000 meters of historical drilling data and recent high-grade intersections, Leeuwin is leveraging both legacy information and new exploration techniques to systematically grow its resource base.