Dynamic Metals Completes Phase 2 Drilling Campaign at Widgiemooltha Project

Strategic Insights -

The company's latest reverse circulation drilling campaign has further explored the gold mineralisation at the Cognac West gold prospect, a key area within the Widgiemooltha Project in Western Australia. Twenty-seven holes were drilled to build on the promising results from Phase 1 and refine the geological model for the prospect. Dynamic Metals managing director Karen Wellman expressed satisfaction with the program's "smooth and timely execution." The drilling campaign was designed to test lateral and depth extensions of gold-bearing quartz veins and structural repetitions at Anomaly A and B, respectively. Notable results from Phase 1, including significant hits such as 8m @ 2.87g/t Au and 44m @ 0.33g/t Au, highlighted the prospect's potential. The new drilling aims to provide further insight into the gold mineralisation in these areas.

Key Takeaways:

  • The Phase 2 drilling campaign at the Cognac West gold prospect, conducted by Dynamic Metals, comprised 19 holes, testing extensions of promising mineralisation identified in Phase 1.
  • The targets for Phase 2 included expanding lateral and depth extensions of gold-bearing quartz veins at Anomaly A and testing structural repetitions at Anomaly B.
  • Notable results from Phase 1 included 8m @ 2.87g/t Au (including 4m @ 5.37g/t Au) and 44m @ 0.33g/t Au.
  • The drilling campaign aimed to provide further insight into the gold mineralisation in areas such as Anomaly A and B.
  • Anomaly A saw eight drill holes targeting the down-dip extensions of previously identified gold-bearing quartz veins, while Anomaly B had eleven holes drilled to test the continuity of mineralised volcaniclastics.
  • Promising results from Anomaly A and B included a 220-meter-long trend of gold anomalism at Anomaly A and a 100-meter-wide zone of gold anomalism at Anomaly B.
  • A higher-grade zone in fresh rock was identified in hole WDR041 at Anomaly B, intersecting 8m @ 2.87g/t Au from 60m (including 4m @ 5.37g/t Au).
  • Assays from the drilling campaign are expected to be returned in July, which will be crucial for refining the geological model of the Cognac West gold prospect.
  • On-going mineralogical studies are being conducted to improve the understanding of the bedrock geology and the broader gold system at Cognac West.
  • Dynamic Metals intends to incorporate the new data into the geological model, guiding future exploration efforts.
  • The Widgiemooltha Project, adjacent to several million-ounce gold camps and key infrastructure, is highly prospective for gold and nickel.

Statistics:

  • 19 holes drilled in Phase 2
  • 8 holes drilled at Anomaly A to target the down-dip extensions of previously identified gold-bearing quartz veins
  • 11 holes drilled at Anomaly B to test the continuity of mineralised volcaniclastics
  • 220-meter-long trend of gold anomalism at Anomaly A
  • 100-meter-wide zone of gold anomalism at Anomaly B
  • 8m @ 2.87g/t Au from 60m (including 4m @ 5.37g/t Au) in hole WDR041 at Anomaly B
  • 44m @ 0.33g/t Au at Anomaly B

Sources:

  • "CRITICAL INSTRUCTIONS - MUST FOLLOW:" - Alphabet News Service Article - July 5, 2023
  • Dynamic Metals Limited - Company Update Announcement - July 5, 2023