Leeuwin Metals advances Cross Lake Lithium Project with upcoming maiden drilling
May 01, 2024 at 03:01 pm EDT
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Leeuwin Metals Ltd (ASX:LM1) joins Proactive’s Jonathan Jackson to discuss the progress in its operations during the last quarter and what’s to come, particularly highlighting the Cross Lake Lithium Project in Manitoba, Canada. Piggott emphasises the advancement of this project, where 4.7 kilometres of lithium-rich pegmatites have been identified and sampled, showcasing the site's potential for a large-scale lithium operation. The company is poised to start its maiden drilling program at Cross Lake, with plans to drill a 2,500-metre phase-1 program targeting multiple high-grade spodumene-bearing pegmatites. This will be the first significant exploration in the area in over 40 years, focusing on known high-grade intercepts and aiming to explore both shallow mineralisation and down dip extents with hole depths ranging from 50 to 200 metres. In addition to Cross Lake, Leeuwin Metals is reviewing work at the William Lake Nickel Project in Manitoba, exploring for nickel and platinum group elements (PGE). This review aims to guide further exploration and identify additional PGE opportunities. In Western Australia, Leeuwin started field activities in early 2024, with soil sampling revealing a promising 9.5-kilometre rare earth elements (REE) anomaly in the Gascoyne region. The company has conducted further mapping and sampling, with assay results pending, and continues to explore additional tenure opportunities in this region. Leeuwin Metals maintains a robust cash position and a focused exploration team, both crucial as they advance these critical metals projects in Canada and Australia. The upcoming summer season's activities, including detailed mapping and geochemical sampling, are anticipated to further underscore the exploration potential across its diverse portfolio.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Leeuwin Metals Ltd is an Australia-based mineral explorer. The Company is focused on securing critical metals for the advancement of electric vehicles and renewable energy. It has five projects, three located in Canada and two in Western Australia, which are collectively prospective for Nickel, Copper, Platinum Group Elements (PGE), and Lithium. Its Canadian Projects include William Lake Nickel Project, Cross Lake Lithium Project, and Ignace Lithium Project. Its Australian Projects include the Marble Bar Lithium Project, and the Gascoyne Rare Earth Elements (REE) and Lithium Project. William Lake Nickel Project is the flagship asset where the Company is exploring for high-grade Nickel, Copper and PGE mineralization hosted in sulfides. The project is located in the Thompson Nickel Belt, which is highly fertile with several existing nickel mines in production. Cross Lake Lithium Project is prospective for LCT type pegmatites. The project is located in the Cross Lake greenstone belt.