Leeuwin Metals (ASX:LM1) discovered gold mineralization from its maiden 2,000-meter reverse core drilling program at Marda Central, part of its Marda Gold Project in Western Australia, according to a Tiesdya Australian bourse filing.
The results include 16 meters at 2 grams per tonne grade gold from 134 meters at 3.04 g/t from 215 meters.
The results extend the known mineralisation below the existing open pit and show continuity at depth.
The company has decided to accelerate Phase 2 drilling, which is now expected to start in the coming weeks.
The company's shares were down 17% in recent Wednesday trade.
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