📉 Nikkei is down nearly 5% -> here are 43 recession-proof Japanese stocks from our screenerUnlock Now

Dynamic Metals to kick off drilling of priority nickel targets at Widgiemooltha

Published 07/08/2023, 10:58 am
Updated 07/08/2023, 11:30 am
Dynamic Metals to kick off drilling of priority nickel targets at Widgiemooltha

Dynamic Metals Ltd (ASX:DYM) is preparing for a reverse circulation (RC) drilling program of high-priority nickel targets at its flagship Widgiemooltha Project in the Goldfields Region of Western Australia.

In order to kick off drilling, a program of work (POW) was approved for exploration at the recently granted Democrat tenement, situated within the ‘world-class’ nickel province.

In total, 12 RC holes are planned to be drilled across 1,600 metres with the intention to directly test for fresh rock nickel sulphide mineralisation associated with the ‘basal contact’ at the two prospects.

Looking ahead, Dynamic’s drill program is expected to begin by the end of this month after the mobilisation of the drill rig and exploration crew to the site.

Drill program

Dynamic’s 12-hole program is designed to test interpreted fertile basal contact at nickel prospects D3 and D5.

In the context of exploring Kambalda komatiite-type massive sulphide nickel deposits, the basal contact position is a key vectoring tool and is best described as the location where the komatiite stratigraphy is in contact with the underlying basalt.

The company has interpreted the position of the basal contact at D3 and D5 through fieldwork completed to date, additionally informed by aeromagnetic and surface geochemistry.

Confirming this interpretation through RC drilling is considered a high priority for Dynamic due to the strength of coincident geochemical and geophysical anomalies in a globally significant nickel province.

Priority drill targets D3 and D5 against magnetics and known regional nickel deposits

Forward plan

The large regional lithium soil sampling program at Pioneer Dome is expected to finish this week with assays expected within two months.

The company is still awaiting assays for the Sunday Soak, Higginsville and Mandilla aircore programs, which were drilled late last quarter, with results anticipated to be received 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.