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Leeuwin Metals (ASX:LM1) has joined the rich history of Western Australian gold exploration with the rigs firing up in the goldfields once more, this time, on-site at the Evanston target, part of the larger Marda Gold Project. This run, according to the company, marks the first major works to occur at Evanston since the early 2000s.
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A drill for equity plan underpins the current drill run, conducted by Raglan Drilling, which will “take up to 30% of drill costs in Leeuwin shares.”
Shallow high-grade gold extensions are the prize target, with geotechs interpreting the potential for their presence at the pre-existing Evanston Mine. The company pointed to strong news flow across the remainder of 2025.
“Our first drill program at Evanston is a major milestone for the Company. At Evanston, there is a long history of mining dating back to the 1930s, but with limited work having been completed at the project in 20 years, there remains an exciting opportunity to define a high-grade shallow system,” company chief Chris Piggott said.
“We look forward to updating the market as results come to hand over the coming weeks and months.”
As for now, the company seeks to wrap up its 5,000m RC drill run alongside Raglan and, all cards in order, highlight successful intercepts to shareholders.
Evanston is only one of multiple targets part of the larger MGP that remains on the company’s radar, with the company also declaring success at prior assets of interest attached to the project.
LM1 last traded at 16cps today.
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