Leeuwin Metals strikes MASSIVE nickel sulphides at William Lake in Canada

Leeuwin Metals’ first drill hole at the W21 prospect has delivered visual massive to semi-massive nickel sulphides over 10.5m at William Lake in Manitoba, Canada.

The company has made strong progress testing several promising targets at the William Lake project in the word-class Thompson Nickel Belt where drilling so far has intersected wide zones of mineralisation.

Visual examination indicates the semi-massive to massive sulphide intersection observed over 10.5m from 392.2m to 402.7m consists predominantly of pyrrhotite with around 1% to 5% pentlandite and 0.5% chalcopyrite.

This observation correlates with the pXRF readings, which indicate a nickel grade ranging from 0.6% to 1.7% Ni for the intersection.

Whilst the pXRF provides confirmation that mineralisation is present, it is not an accurate determination of the elemental concentration within the sample analysed.

Nonetheless, the massive sulphide core obtained from diamond drillhole WL23-368 is currently undergoing processing with cutting and sampling underway with the assay results expected to be available in 4-8 weeks.

“Extremely fertile and underexplored”

“This result has validated Leeuwin’s exploration strategy with the targeting of prospects at William Lake based on the renowned Thompson nickel mine, currently being mined by Vale,” Leeuwin Metals (ASX:LM1) managing director Christopher Piggott says.

“What we are seeing in the drill core is Thompson style sulphides and confirms William Lake to be an extremely fertile and underexplored high-grade nickel project.”

While diamond drilling continues to test several high priority targets, LM1 has kicked off a down-hole electromagnetic survey with the aim of extending known massive sulphide mineralisation.

Results from this survey will be available in the next 1-2 weeks and are anticipated to provide additional vectors to high grade massive sulphide nickel targets supporting the ongoing drill program at William Lake.

Site visit with Glencore

Leeuwin is continuing to progress exploration activities at William Lake, currently drilling the W21 and W56 target areas. Additionally, DHEM surveys are currently underway, with all completed holes being surveyed.

As part of the ongoing relationship with Glencore, the Company is planning to host a site visit in the coming weeks to conduct a Technical Committee meeting and review the results achieved to date.

Glencore’s extensive knowledge and experience in the field of nickel will be invaluable during this process.

This article was developed in collaboration with Leeuwin Metals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.