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Mining industry

Dynamic Metals Secures Heritage Clearance for Chalice South Gold Prospect

Strategic Insights

— 1 min read

Dynamic Metals Ltd (ASX:DYM) has received heritage clearance from the Ngadju Native Title Aboriginal Corporation, paving the way for the company to commence a 13-hole reverse circulation (RC) drilling program at the highly prospective Chalice South gold prospect, within the Widgiemooltha Project in Western Australia. The approval, coupled with the Programme of Work (PoW) approval from the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS), enables Dynamic Metals to move forward with its planned drilling program, targeting gold anomalies along a proven gold trend. The Chalice South prospect lies along a highly prospective gold corridor, south of the Chalice Gold Mine, with historic data and geological modelling highlighting gold anomalies to be targeted in the upcoming drilling.

Key Takeaways:

  • Dynamic Metals has received heritage clearance from the Ngadju Native Title Aboriginal Corporation, allowing the company to proceed with its 13-hole RC drilling program at the Chalice South gold prospect.
  • The drilling program aims to test five key targets generated through 3D geological modelling of historical data, with a focus on gold anomalies identified within the area.
  • Dynamic Metals has secured Programme of Work (PoW) approval from the DEMIRS, enabling the company to complete drilling by the end of the September quarter.
  • The Chalice South prospect lies along a proven gold trend, south of the Chalice Gold Mine, with the region's geology characterised by north-north-west striking, west-dipping mafic and volcanic rock units.
  • The company has built a comprehensive geological model for the region, drawing on historical data to define key drill targets.
  • Dynamic Metals' exploration team has worked to generate focused drill targets, with the planned drilling program designed to further assess the gold potential of the area.

Statistics:

  • 13-hole reverse circulation (RC) drilling program Planned at the Chalice South gold prospect.
  • Five key targets to be tested through 3D geological modelling of historical data.
  • 517,000 ounces of gold produced from open-pit mining operations at the Chalice Gold Mine in the late 1990s.
  • Additional gold produced through a smaller underground operation that was placed on care and maintenance in 2015.
  • 800 square kilometres of mineralised region covered by the Widgiemooltha Project, where Dynamic Metals holds a variety of exploration tenements.

Sources:

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  • Department of Energy, Mines, Industry Regulation and Safety (DEMIRS)

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  • Westgold Resources

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