Fully funded Dynamic Metals Ltd (ASX:DYM) has received follow up assay results from its first drill program at the Dordie Far West (DFW) nickel prospect, part of the larger Widgiemooltha Project in the Goldfields Region of Western Australia.
The company has $5.6 million cash in the bank for exploration across its critical minerals portfolio, which includes DFW and Lake Percy where Dynamic finished up a drilling program this week using a combination of aircore (AC) and reverse circulation (RC) drilling.
Today’s results at DFW confirm strong nickel grades.
Dynamic drilled five RC holes to test its Kambalda nickel ore deposit model. It undertook detailed geochemical analysis on one-metre split samples to confirm the nickel mineralisation model and determine a follow-up drill program.
Thick, high-grade nickel assays from first-pass three-metre composite samples were taken from the five-hole RC program completed in February and selected geological intervals were resampled at one-metre intervals and submitted for multi-element analysis.
In general, thicknesses of the intersections remain the same while the reported nickel values have increased. Additionally, anomalous cobalt values are reported at potentially economic levels in association with nickel.
Updated drill intersections with results from one-metre RC samples include:
- 16 metres @ 1.96% nickel from 27 metres downhole, including 5 metres @ 2.84% nickel;
- 6 metres @ 1.60% nickel from 29 metres downhole, including 1 metre @ 2.07% nickel;
- 6 metres @ 1.15% nickel from 39 metres downhole;
- 15 metres @ 1.56% nickel from 48 metres downhole, including 3 metres @ 2.06% nickel and 1 metre @ 2.71% nickel; and
- 3 metres @ 1.45% nickel from 30 metres downhole.
Drill hole positions and significant results at Dordie Far West (being updated).
Of further note is the significant anomalous cobalt (up to 0.5%) identified in association with nickel.
Further holes to be completed within the quarter
Dynamic has updated its geological model for DFW with the latest geochemistry results.
On the back of this, it has planned an additional two RC holes to the south-west to test for the extension of mineralisation into the fresh rock.
Completion of these holes is expected within the current quarter, subject to permitting and land access conditions.
The company is buoyed by the thickness and grade of the nickel and cobalt intersections in its first drill program, which confirm the potential for discoveries across Dynamic’s exploration portfolio.
A bit of history
DFW sits on the northwest margin of the Widgiemooltha dome on E15/1680, where anomalous nickel results were detected in RC drilling completed by Mincor Resources Ltd in the late 2000s.
Dynamic reviewed the historic data, and designed a drill program to test for Kambalda komatiite type massive sulphide mineralisation interpreted to occur where the base of the komatiite stratigraphy is in contact with the underlying basalt, known as the ‘basal contact’.
Five RC holes were drilled for a total of 736 metres at the prospect in February 2023, with drilling undertaken on four sections over a strike length of approximately 300 metres.
The thick widths and high-grade tenor intersected in Dynamic’s drilling compare favourably with the historic drilling, confirming and enhancing the potential for significant mineralisation along this trend.
What’s next?
Dynamic has submitted a proof of work for follow-up drilling (two RC holes) in the southern portion of the prospect with the proposed holes designed to intercept nickel mineralisation in fresh rock.
The drilling is expected to be completed during the quarter.
The company will also look to obtain fresh rock samples of the bedrock geology at Lake Percy for geochemical analysis in areas of interest for nickel mineralisation.
It is anticipated the program will also provide additional information on the nature and extent of pegmatites in the region.