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Leeuwin Metals Ltd ( (AU:LM1) ) has shared an announcement.
Leeuwin Metals has reported further encouraging drill results from the Evanston and Golden Orb deposits at its Marda Gold Project in Western Australia, including multiple shallow high-grade gold intercepts that build on existing resources. The company says these results validate historical drilling, indicate mineralisation remains open along a 1.6 km trend, and support potential resource growth at Evanston.
At Golden Orb, new intercepts at depth highlight upside along strike from the existing resource and pit, while assays from 13 additional reverse circulation holes are still pending. Leeuwin plans to restart drilling in early May, targeting high-grade workings and down-dip extensions at Marda Central and follow-up holes at Golden Orb as part of its broader program to expand resources and advance the project.
More about Leeuwin Metals Ltd
Leeuwin Metals Ltd is an Australian exploration company focused on gold resources, with its flagship Marda Gold Project located north of Southern Cross in Western Australia. The project currently hosts a global mineral resource of 342,300 ounces of gold, including the Evanston deposit, which contains 135,800 ounces and sits on a newly granted mining lease, underpinning Leeuwin’s growth ambitions in the regional gold sector.
Average Trading Volume: 186,381
Technical Sentiment Signal: Sell
Current Market Cap: A$19.72M
See more insights into LM1 stock on TipRanks’ Stock Analysis page.