🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Dynamic Metals expands geological model at Widgiemooltha’s DFW nickel prospect

Published 04/07/2023, 11:01 am
Updated 04/07/2023, 11:30 am
© Reuters.  Dynamic Metals expands geological model at Widgiemooltha’s DFW nickel prospect

Dynamic Metals Ltd (ASX:DYM) has used strategic drilling to expand its geological model at the Dordie Far West (DFW) nickel prospect within the Widgiemooltha Project in the Goldfields region of Western Australia.

Two reverse circulation (RC) holes were drilled in quick succession to follow up on results received from five RC holes drilled earlier this year testing the Kambalda nickel ore deposit model at Dordie Far West.

Moving forward, the fresh rock nickel target remains to be drill tested and the Dynamic team is progressing with plans for prospect and district-scale follow-up drilling.

Drill program

Dynamic undertook a fast follow-up program to the successful RC program earlier this year in which multiple thick high-grade zones of nickel mineralisation were intersected by collaring drill holes on existing cleared tracks to minimise permitting wait time.

Two RC holes were designed to target the western limb of the modelled synform structure and intersect the basal contact in fresh rock.

The drill holes targeting up to 250 metres south of known mineralisation did not return significant nickel assays.

However, nickel targets remain to be tested both proximal to known mineralisation at the prospect and to the south along interpreted fertile contact.

Forward plan

As well as the follow-up drilling, Dynamic will continue assessing the feasibility of geophysical surveys to continue to refine drill targets as part of its measured approach to exploration.

Other recent activity at the Widgiemooltha Project included several aircore drilling programs completed in June.

Dynamic is awaiting assay results from 48 holes drilled across the Sunday Soak, Mandilla and Higginsville prospects.

These results are anticipated to be returned by the end of July.

In the meantime, the Dynamic exploration team’s focus has shifted to the lithium potential at Widgiemooltha, with a large soil sampling campaign to begin shortly.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.