Leeuwin Metals has kicked off a substantial drilling program at its Marda Gold Project in Western Australia, aiming to grow its existing 342,000-ounce gold resource by targeting promising extensions and electromagnetic anomalies.
- 10,000m reverse circulation drilling underway at Evanston
- Focus on down-dip and along-strike extensions of existing resource
- Follow-up on significant down-hole electromagnetic (DHEM) anomalies
- First assay results expected in February 2026
- Company well funded to support accelerated exploration
Drilling Resumes at Marda
Leeuwin Metals Ltd (ASX – LM1) has commenced a major 10,000-metre reverse circulation (RC) drilling program at its Marda Gold Project, located near Southern Cross in Western Australia. This campaign is designed to build on the company’s maiden mineral resource estimate of 342,000 ounces of gold, with a particular focus on the Evanston area, which has already demonstrated promising shallow, high-grade mineralisation.
The program aims to test shallow extensions and down-dip electromagnetic anomalies identified through recent down-hole electromagnetic (DHEM) surveys. These anomalies suggest the potential for further mineralisation beyond the current resource boundaries, which comprise 135,800 ounces at Evanston alone.
Targeting Growth and Discovery
Leeuwin’s Executive Chairman Christopher Piggott emphasised the significant upside potential at Marda, noting that mineralisation remains open along strike and at depth. The company’s aggressive step-out drilling strategy is intended to convert this exploration upside into tangible resource growth, with first assay results anticipated in February 2026.
Recent drilling at Evanston has returned encouraging intercepts, including 7 metres at 3.55 grams per tonne (g/t) gold from 17 metres depth, and 9 metres at 5.23 g/t gold from 57 metres. These results underpin the confidence in the project’s potential and justify the current focus on expanding the resource footprint.
Strategic Location and Exploration Upside
The Marda Gold Project benefits from granted mining leases and proximity to established infrastructure in the Southern Cross region, one of Western Australia’s premier gold belts. The geology at Evanston features sulphide-associated stratiform gold mineralisation within laminated cherts, making DHEM an effective tool for targeting further mineralised zones.
Leeuwin’s broader strategy includes continuous review of geological data and resource models to support ongoing resource growth, alongside systematic testing of new structural corridors across the project area. The company is well funded to pursue this accelerated exploration program throughout 2026.
Looking Ahead
As Leeuwin Metals advances its drilling program, the market will be watching closely for assay results that could validate the company’s growth thesis. The combination of an established resource base, clear extension potential, and a strong regional position sets the stage for potential value creation in the near term.
Bottom Line?
Leeuwin’s drilling progress and upcoming assay results will be pivotal in defining the next phase of growth at Marda.
Questions in the middle?
- Will the February assays confirm significant resource extensions at Evanston?
- How might new structural targets across Marda influence future drilling priorities?
- What impact could resource growth have on Leeuwin Metals’ valuation and development plans?