Leeuwin Metals Plans 10,000m Drill Campaign After Strong 5,000m Evanston Results
Leeuwin Metals reports promising high-grade gold intersections at its Evanston prospect, completing a 5,000m drill program with 31 assays pending, and secures $5.8 million to accelerate exploration at its Marda Gold Project.
- 5,000m RC drilling confirms multiple shallow, high-grade gold zones at Evanston
- 31 assay results pending with a 10,000m follow-up drill campaign planned for November
- Rock chip sampling at Marda Central reveals 11 new high-grade gold trends up to 209g/t
- Completed $5.8 million placement to fund accelerated exploration activities
- Maiden Mineral Resource Estimate underway, integrating recent and historical data
Exploration Breakthrough at Evanston
Leeuwin Metals Ltd has delivered a significant exploration update for its Marda Gold Project in Western Australia, spotlighting the Evanston prospect where a 5,000-metre reverse circulation drilling campaign has confirmed multiple shallow, high-grade gold intersections. This marks the first large-scale drilling at Evanston in over 20 years, underscoring the project's renewed potential.
Key drill results include intercepts such as 9 metres at 5.23 grams per tonne gold, including 4 metres at 10.68 grams per tonne, and 8 metres at 6.05 grams per tonne from shallow depths. These findings demonstrate strong continuity of mineralisation within a gently plunging anticline, hosted in laminated cherts and sulphidic iron formations.
Expanding the Gold Footprint
Beyond Evanston, rock chip sampling at Marda Central has identified 11 previously untested high-grade quartz vein trends, with assays reaching an impressive 209 grams per tonne gold. These newly defined structural trends represent a distinct mineralisation style and remain largely untested by drilling, presenting fresh targets for Leeuwin's upcoming exploration efforts.
At the Python Prospect within Marda Central, recent drilling has extended known mineralisation beneath the existing open pit, confirming continuity over a 200 by 200-metre area, further bolstering the project's resource potential.
Strategic Funding and Forward Plans
To support its accelerated exploration agenda, Leeuwin successfully completed a $5.8 million placement post-quarter, boosting its cash position to approximately $7 million. This capital injection is earmarked for the upcoming 10,000-metre RC drilling program at Evanston, ongoing geological modelling, and advancing towards a maiden Mineral Resource Estimate for the Marda Gold Project.
The company’s executive chairman, Christopher Piggott, highlighted the transformational nature of the quarter, emphasizing the strong drill results and the well-capitalised position to pursue multiple work programs through 2025 and into 2026.
Outlook and Market Implications
With 31 assay results still pending and further geophysical surveys underway, Leeuwin is poised to refine its geological model and expand its resource inventory. The integration of recent drilling with extensive historical data aims to underpin a robust maiden resource estimate, a critical milestone for the company’s development trajectory.
While no mining production occurred during the quarter, the exploration momentum and financial backing position Leeuwin Metals as a compelling player in the Western Australian gold exploration landscape.
Bottom Line?
Leeuwin Metals’ upcoming assay results and maiden resource estimate will be pivotal in defining the Marda Project’s future value.
Questions in the middle?
- What will the pending 31 assay results reveal about the full extent of Evanston’s mineralisation?
- How will the maiden Mineral Resource Estimate impact Leeuwin Metals’ valuation and development plans?
- What exploration targets beyond Evanston and Marda Central could emerge from ongoing geophysical surveys?
