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Highlights:
Leeuwin Metals Ltd (ASX:LM1) completes full acquisition of Marda Gold Project in Western Australia.
Maiden drilling program set to commence with multiple exploration targets identified.
Strategic focus on expanding known mineralized zones and uncovering new deposits.
Leeuwin Metals Ltd (ASX:LM1) has successfully completed the acquisition of the Marda Gold Project, securing full ownership following shareholder approval. The project, located in Western Australia’s Eastern Goldfields, is now under the company’s control, with preparations for an extensive exploration program already in progress. Field activities have commenced, and drilling contractors have been engaged to mobilize for upcoming operations.
A thorough review of the existing project database is ongoing, aimed at verifying historical data and identifying promising targets for exploration. This effort is designed to enhance understanding of the resource and refine plans for future development.
Exploration Strategy and Drilling Plans
Leeuwin Metals has outlined a comprehensive drilling campaign to explore key mineralized zones and extend known gold-bearing structures. The program is set to investigate areas with historical gold occurrences, utilizing modern exploration techniques to enhance resource delineation.
The company has engaged a drilling contractor to execute the campaign, which will prioritize both near-surface and deeper targets. The objective is to confirm previously identified mineralized zones and uncover additional areas with gold enrichment.
Project Location and Geological Potential
The Marda Gold Project spans a significant landholding in Western Australia’s Eastern Goldfields, an area renowned for its rich mineral endowment. The project encompasses multiple granted mining, exploration, and prospecting leases, with numerous historical workings and open pits already identified.
The region is characterized by extensive greenstone belts, known for hosting substantial gold deposits. The company’s exploration team is focusing on under-explored sections within the project area, with the goal of expanding known mineralization and identifying new gold-rich structures.
Key Exploration Targets
The project features multiple prospective zones categorized into four primary areas: Marda Central, Marda North, Marda South, and Marda West. Each of these areas presents distinct geological characteristics and exploration opportunities.
Marda Central includes a cluster of historical open pits and high-grade mineralized zones that warrant further drilling to assess extensions at depth. Marda North and Marda South contain large areas with geochemical anomalies, indicating potential for undiscovered deposits. Marda West, though less explored, shows structural features consistent with gold-bearing systems in the region.
Operational Readiness and Development Outlook
With fieldwork underway, Leeuwin Metals is progressing efficiently toward the commencement of drilling. The company has outlined an aggressive exploration timeline, aligning its efforts with broader strategic goals for resource expansion and project advancement.
The exploration team is focused on optimizing drilling plans to ensure efficient deployment of resources. The upcoming drilling results are expected to provide valuable insights into the project’s mineralization, contributing to future development strategies.
Leeuwin Metals remains committed to advancing its exploration initiatives while maintaining a systematic approach to resource evaluation. The company will continue providing updates as the drilling program progresses and further geological assessments are conducted.
