Leeuwin Metals Ltd (ASX:LM1) has received additional high-grade assay results at its William Lake Nickel Project in Manitoba, Canada, confirming the continuity of nickel mineralised zones.
Drilling has identified a new high-grade zone, extending from known mineralisation over a two-kilometre trend.
Leeuwin’s drill program was designed to demonstrate grade, tenor and quality of the nickel sulphide mineralisation at William Lake, which previous results have validated as a major nickel system within the world-class Thompson nickel belt.
A total of seven holes have been completed at the prospect and results to date demonstrate a large-scale system.
Mineralisation spans 2-kilometre trend
The recent Leeuwin drilling has now successfully delivered high-grade intercepts from drill hole WL23-365 in the most southern area of the project’s W56 target area.
Results include 6.5 metres grading 2.56% nickel from 439.2 metres, including 0.8 metres at 4.24% nickel, 1.6 metres at 3.38% nickel and 1 metre at 2.7% nickel.
Dril lhole WL23-365 is a 120-metre down-dip extension to high-grade nickel mineralisation intercepted in WL95-87, where a historical result of 7.56 metres grading 1% nickel from 305.7 metres deep was obtained in the main target horizon.
These results are in addition to Leeuwin’s previously reported result of 21.9 metres grading 1.02% nickel that demonstrated similar high-grade continuity in the northern target area of the prospect.
Leeuwin says the most northern and southern holes of the project hold significant exploration opportunities. The recent drilling, combined with historical data, suggests the high-grade nickel sulphide mineralisation continues along a trend of over two kilometres at the W56 target with the mineralisation remaining open in all directions.
Exploration upside revealed
Leeuwin managing director Christopher Piggott said: “Today’s results further validate William Lake's status as a major nickel system within the world-class Thompson nickel belt.
"Not only do they demonstrate the high-grade mineralisation and confirm the scale from Leeuwin’s drilling, with two holes drilled 2 kilometres apart, it has revealed considerable exploration upside.
“Coupled with historical drilling results, these new findings provide further evidence of a significant project. With DHEM data compilation underway and additional assays outstanding, we look forward to updating the market with results.”
These additional findings collectively demonstrate the significant promise of William Lake in expanding known mineralisation and discovering new high-grade zones, reinforcing the project's potential for future success.
Looking ahead
Down hole electromagnetic (DHEM) results are pending, while nickel assay results for the other six holes from the initial drill program are expected in the coming weeks.
Now that Leeuwin has completed the William Lake drilling program, it will now focus on additional resources at the Cross Lake Lithium Project.
Drill assays are pending from three historical Cross Lake drill holes, while the company plans to commence field activities at the project in the current quarter.