Leeuwin Metals has reported promising high-grade gold assay results from its 2026 drilling campaign at the Evanston prospect within the Marda Gold Project, signalling potential resource expansion.
- High-grade gold intercepts extending beyond existing Evanston resource
- Ongoing 10,000m Reverse Circulation drilling program targeting shallow and down-dip extensions
- DHEM geophysical surveys proving effective for exploration targeting
- Approximately 2,000m of samples pending assay results
- Company well funded following recent capital placement
Strong Start to 2026 Drilling at Evanston
Leeuwin Metals Ltd (ASX – LM1) has kicked off its 2026 exploration program at the Evanston prospect within the Marda Gold Project in Western Australia with encouraging assay results. Early drilling has returned significant high-grade gold intercepts, including a standout 13 metres at 3.2 grams per tonne gold, featuring a 3-metre section grading over 10 grams per tonne. These results extend mineralisation beyond the current resource boundary, hinting at the potential for further resource growth.
Expansive Drilling and Exploration Strategy
The company is progressing an aggressive 10,000-metre Reverse Circulation (RC) drilling campaign focused on shallow step-outs and down-dip extensions along the 1.6-kilometre Evanston trend. With approximately 2,000 metres of samples still awaiting assay, the full picture of the deposit’s potential remains to be revealed. Leeuwin’s Executive Chairman, Christopher Piggott, emphasised the value of the downhole electromagnetic (DHEM) surveys in guiding exploration, noting the recent results validate DHEM as a powerful targeting tool.
Geological Context and Resource Potential
Evanston hosts shallow, sulphide-associated gold mineralisation within a folded sequence of cherts and banded iron formations. The mineralisation is open both along strike and at depth, with drilling intercepts interpreted close to true width due to the flat-lying geometry. The current resource at Evanston stands at 135,800 ounces of gold, and these new results suggest the resource could expand significantly, particularly with high-grade shoots extending approximately 250 metres down dip from the existing pit.
Broader Project and Strategic Outlook
Beyond Evanston, Leeuwin is advancing exploration across the wider Marda Gold Project, which holds a global resource estimate of over 340,000 ounces of gold. The company is also conducting strategic reviews of its lithium and nickel projects, recognising the growing demand for critical battery metals. Well-funded from a recent capital raise, Leeuwin is positioned to continue systematic exploration and resource development, leveraging its granted mining leases and proximity to infrastructure.
Looking Ahead
As assays from the remaining drill holes come through, investors will be watching closely for confirmation of resource growth and further high-grade zones. The integration of geophysical data with drilling results will be key to unlocking the full potential of the Marda Gold Project and shaping Leeuwin’s next steps in exploration and development.
Bottom Line?
Leeuwin Metals’ early 2026 drilling results at Evanston set the stage for potential resource expansion, with further assay results poised to define the project’s future trajectory.
Questions in the middle?
- How extensive are the high-grade gold shoots beyond the current resource boundaries?
- What will the pending assay results reveal about the overall grade and continuity of mineralisation?
- How will the strategic reviews of lithium and nickel projects influence Leeuwin’s portfolio focus?