Assay results are in from Leeuwin Metals Ltd (ASX:LM1)’s initial drilling program at its William Lake Nickel Project in Manitoba, Canada, confirming significant nickel sulphide mineralisation and validating William Lake as a major nickel system within the world-class Thompson Nickel Belt.
Assay results from the project, where Leeuwin is exploring for high-grade nickel, copper and platinum group element mineralisation hosted in sulphides, confirm the continuity of high-grade mineralised shoots and provide further geological data to assist in future drilling.
Seven holes have been completed at the project’s W56 target — a large-scale prospect, where recent drilling combined with historical data indicates a continuity of high-tenor nickel sulphides along a trend of over 2 kilometres.
High-grade intercepts from the recent drilling include 21.9 metres grading 1.02% nickel from 206.65 metres, including 7.35 metres at 1.07% from 206.65 metres and 12.15 metres at 1.13% from 216.4 metres, including a significant 1.35 metres at 5.02% from 227.2 metres as well as 4.4 metres at 1.55% from 247.1 metres.
Leeuwin managing director Christopher Piggott said: “The results from our initial drill program leave no doubt that William Lake stands as a significant nickel system within the renowned Thompson Nickel Belt.
"These assays not only exceed our expectations but also validate our decision to bring this project to the ASX.
"Given the demand for critical minerals, together with Leeuwin's strategic position in a tier 1 jurisdiction, the company is ideally positioned to capitalise from its 100%-owned projects at William Lake and the Jenpeg Lithium Project.”
Pending assays
Assays for an additional 10 holes are pending and are expected to be available in the coming weeks, while the down hole electromagnetic (DHEM) surveys team is onsite.
In parallel, Leeuwin expects assays from the sampling of drill cores with logged spodumene-bearing pegmatites from its Jenpeg lithium Project, also in Canada’s Manitoba province, in the coming weeks.
The company will compile all key information provided by the DHEM together with pending nickel and lithium assays from Jenpeg, which should deliver steady newsflow over the coming weeks.
- by Meagan Evans
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