Mining

Leeuwin Metals Defines Multiple High-Grade Gold Zones with Sampling Program at Marda

Go to Nik Hill author's page
By Nik Hill - 
Leeuwin Metals ASX LM1 Multiple High-Grade Gold Zones Sampling Program Marda
Copied

Leeuwin Metals (ASX: LM1) has identified 11 new high-grade gold trends through rock chip sampling at its Marda project in Western Australia.

The assays returned peak results of 209 grams per tonne gold, confirming a style of mineralisation not previously targeted by explorers.

The findings highlight an underexplored structural corridor and provide a strong pipeline of prospects for follow-up drilling later this year.

New Targets Defined

Sampling across historical workings at Marda Central produced multiple assays above 20g/t gold, including standout results of 209g/t, 62.4g/t, and 49.2g/t.

The company said the orientation of the new quartz vein trends differs from those mined previously, which focused on banded iron formations.

Because most earlier drilling was aligned parallel to these north–north-west striking veins, the majority of the corridor has remained effectively untested.

Only limited reconnaissance drilling intersected small portions of the trends, leaving much of the high-grade potential open.

The discoveries sit largely within the company’s existing mining lease, enhancing the near-term exploration opportunity.

Advancing Multiple Work Streams

The company plans systematic surface mapping and air core drilling in the fourth quarter of 2025 to further assess the new trends.

Preparations also underway for a 5,000m reverse circulation program at Evanston to begin in early September, where recent sampling returned assays of up to 44.1g/t gold and confirmed extensions to the mine trend over 1.2km of strike.

Leeuwin said the drill campaign would target these extensions along with zones around historical shafts and open stopes.

At Atkinson Find, sampling of tailings returned grades up to 1.36g/t gold, pointing to additional near-surface potential within the broader project area.

Fresh Approach Taken

Executive chair Christopher Piggott said the results reflect the value of taking a fresh approach to exploration at Marda.

“Today’s results validate our approach to exploration at Marda, looking at the project with fresh eyes and returning to first-principle exploration,” he said.

Mr Piggott added that the findings confirmed a typical high-grade vein system not systematically tested before.

He also noted that drilling at Evanston would begin within weeks, ensuring the company maintains strong exploration momentum through the second half of the year.