As one of Leeuwin Metals’ (ASX:LM1) high-priority prospects, Evanston boasts four legacy open pits mined between 1998 and 2000 yet remains vastly underexplored with modern techniques.
The review points to scale and continuity at Evanston and given mineralisation remains open in all directions, the prospect has been fast-tracked for drilling as part of LM1’s 2025 exploration campaign.
Field inspection and rock chip sampling of pit walls at Evanston returned multiple gold assays including 28.6g/t, 8.88g/t, 5.56g/t and 15.9g/t gold.
A range of drill intercepts such as 3.6m at 16.4g/t gold from 1m, 13m at 4.38g/t from 4m and 16m at 3.02g/t from 4m were identified during the review outside previously mined areas.
LM1 says the plan now is to target extensions to known zones as well as structurally controlled mineralisation beyond pit margins.
Regional targets including Golden Orb and King Brown will also be reviewed for follow-up.
The explorer completed the acquisition of Marda in late March from Ramelius Resources (ASX:RMS) and kicked off a 2,000m drilling campaign shortly thereafter, forming the first stage of a broader 10,000m program.
Marda covers more than 500km2 of granted mining, exploration and prospecting licences north of Southern Cross in WA, representing a large, underexplored gold system with near-mine and greenfields potential.
It holds a broad target base across four main areas – Marda Central, Marda North, Marda South and Marda West – featuring varying stages of exploration maturity including resource definition, historical workings, geochemical anomalies and untested concepts.
Gold prices climbed past US$3,400 per ounce overnight on Tuesday, marking its highest level in two weeks.
