Leeuwin Metals Limited (ASX: LM1) is ready for high-impact drilling at its William Lake Nickel Sulphide Project, Manitoba, Canada.
Significant PGE assays have been received from select holes across several nickel sulphide targets confirming the presence of significant PGE values associated with high-grade nickel mineralization.
Additionally, surface FLEM surveys were completed, with results providing further confidence at the high-priority target areas W56 and W22. The FLEM survey at W22 identified a high-priority conductor, that previous drilling has not effectively tested, and at W56, the survey confirmed the continuity of existing mineralization, identifying an additional 550 meters of undrilled, prospective strike along from high-grade drill intercepts.
These results will assist in vectoring planned diamond drilling towards high-grade mineralization, which is expected to commence in the June quarter of 2023.
“These results assist in targeting early high impact drill targets and confirm our belief that the project remains underexplored and primed for discovery,” Managing Director, Christopher Piggott, said.
“We are encouraged by the significant grades and widths of PGE mineralization. Additionally, the FLEM results confirm the prospectivity of the William Lake nickel sulphide project. These results and the existing high-quality data set allow us to focus on the project’s scale and high-grade potential.
“We look forward to commencing our maiden diamond drill program in the coming weeks.”
Platinum Group Element (PGE) Results:
The W22 target area is in the southern part of the William Lake mineralized trend, a 12km trend of magmatic Nickel-Copper-PGE mineralization related to ultramafic intrusive bodies.
W22 has been drilled by previous explorers on a nominal 160m x 200m drill grid with significant drill intercepts defining over 750m of mineralization that remains open in all directions.
Drilling has historically only been systematically assayed for nickel with limited sampling for PGE’s. Leeuwin has now assayed multiple intervals from W22 for PGE’s with significant results including:
- WL91-20: 14.42m @1.02% Ni, 0.66g/t PGE (0.46g/t Pd, 0.2g/t Pt) from 209.38m WL91-20: 14.4m @1.04% Ni, 1.45g/t PGE (0.99g/t Pd, 0.46g/t Pt) from 343.9m WL91-17: 12.44m @0.98% Ni, 1.32g/t PGE (0.9g/t Pd, 0.42g/t Pt) from 195.2m; and
- 11.27m @1.52% Ni, 1.8g/t PGE (1.24g/t Pd, 0.56g/t Pt) from 257.4m WL92-32: 8.2m @1.56% Ni, 1.42g/t PGE (0.96g/t Pd, 0.46g/t Pt) from 397.3m
- Encouragingly similar tenors of nickel and PGE mineralization were also identified at the W42 target more than 1km to the south of W22 highlighting the exploration potential of the target area showing extensions of W22 mineralization.
For further information please visit: https://www.leeuwinmetals.com/
