Systematic and methodical gold exploration has yielded results for Dynamic Metals Ltd (ASX:DYM) at the Widgiemooltha Project in Western Australia, where the company has defined a large gold-in-soil anomaly with peak results of 21 g/t gold (2.1 parts per million gold) in soil samples.
DYM took 191 additional samples from the area, where the company had discovered evidence of two strong gold anomalies, filling in sampling gaps and extending exploration lines to the east, where the anomaly remained open.
Other soil samples of note included 0.49 ppm gold and 0.22 ppm gold.
Dynamic expects several rock chip sample assays to be available shortly which will inform geological mapping efforts and further infill soil sampling.
Drilling to begin in early 2025
"The latest findings from our gold exploration at the Cognac West prospect reinforce our measured approach of systematic exploration, integrating historical data with recent soil sampling to enhance and define exploration targets,” Dynamic managing director Karen Wellman said.
“We are optimistic that these promising results, combined with our location adjacent to leading gold producers, emphasise the potential for major discoveries within our tenure.
“By consistently incorporating high-quality geological data into our analysis, we are building a robust foundation for future exploration and eagerly anticipate starting drilling activities on these targets in early 2025."
DYM has contracted a firm to begin the next phase of soil sampling over Widgiemooltha sometime this month, preparing to target drill collars ahead of the 2025 drilling program.
The company says it is well funded to pursue its exploration goals, having recently secured $4 million from Mineral Resources as part of the Widgiemooltha lithium joint venture.
Read: Dynamic Metals higher on completing landmark MinRes Widgiemooltha lithium JV