‘This marks a significant milestone’: Exploration works take off at Leeuwin’s Cross Lake lithium project with spodumene-bearing pegmatites confirmed

Leeuwin is conducting a field program at Cross Lake to define targets and pave the way for future drilling
Leeuwin holds the largest land area in the Cross Lake Greenstone Belt, with over 2,000km2 of tenure
Leeuwin plans to wrap up the field program and submit drill permits in the December quarter 2023

An exploration program has kicked off to define targets for future drilling at Leeuwin’s Cross Lake – an underexplored, district scale lithium play in Manitoba, Canada.

Leeuwin Metals (ASX:LM1) holds over 70km of underexplored greenstone grounds and a footprint of over 2,000km2. The company’s project is one of the region’s largest lithium exploration projects, roughly 120km south of the major regional mining centre of Thompson.

Field work takes off

Leeuwin’s now got boots on the ground following the re-assaying of historical drill core, which revealed high-grade lithium with multiple shallow intersections of spodumene-bearing pegmatites reaching up to 1.75% Li2O.

Initial field works will focus on the area of historical drilling and Spodumene Island where historical mapping has identified highly fractionated outcropping pegmatites along the shoreline of the islands.

Leeuwin Metals ASX LM1 — Local geology of Spodumene Island prospect area. Pic via Leeuwin Metals

The aim of this work is to identify and further understand the potential scale of the pegmatite swarm present in the region.

Already, a key 3.6km corridor exists between historical drilling and a channel sample which returned 7m at 1.45% Li2O.

Results to date from resampling of drill holes and historical channel sampling is evidence of a potential regional opportunity within this underexplored belt.

“This marks a significant milestone for the company as we begin on-site exploration,” Leeuwin managing director Christopher Piggott said.

“Our primary goal is to enhance our confidence in the geological model and refine additional targets within the trend.”

What’s next?

Assays for the final three historical drills holes are pending, with results anticipated in the coming weeks.

Leeuwin plans to wrap up the field program with the results to be used to design future exploration activities with the aim to submit drill permits in the December quarter 2023.

Execution of the drill program is targeted for the first half of 2024.

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.