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Dynamic Metals Limited (ASX:DYM) (“Dynamic” or “the Company”), a newly listed ASX lithium, nickel and gold explorer, is pleased to announce assay results from its first drill program at the Dordie Far West (“DFW”) nickel prospect, part of the larger Widgiemooltha Project (“Widgiemooltha” or the “Project”) in the Goldfields Region of Western Australia.
HIGHLIGHTS
- Five RC holes were drilled to test Kambalda nickel ore deposit model at Dordie Far West (DFW), part of the Widgiemooltha Project
- Three holes returned significant nickel results from first pass 3m composite RC samples, including:
- WDR002 15m @ 1.86% Ni from 27m downhole, incl. 6m @ 2.4% Ni
- WDR003 15m @ 1.11% Ni from 30m downhole
- WRD003 12m @ 1.58% Ni from 48m downhole, incl. 3m @ 2.0% Ni
- WDR005 3m @ 1.38% Ni from 30m downhole
- Detailed geochemical analysis on 1m split samples will be undertaken to confirm the nickel mineralisation model and determine follow up drill program
- Dynamic fully funded for exploration across its critical minerals portfolio following completion of $7M IPO in January 2023
DFW is located on the northwest margin of the Widgiemooltha dome on E15/1680, where anomalous nickel results were detected in RC drilling completed by Mincor Resources Limited (ASX:MCR) in the late 2000s (Figure 1)1.2. After review of the historic data, a drill program was designed to test for Kambalda komatiite type massive sulphide mineralisation interpreted to occur where the base of the komatiite stratigraphy is in contact with the underlying basalt, known as the ‘basal contact’.
Five Reverse Circulation (RC) holes were drilled for a total of 736m at the prospect in February 2023, with drilling undertaken on four sections over a strike length of approximately 300m (Figure 1). Drill hole collar positions and significant drill hole results from 3m composite RC samples are shown in Figure 1: and Table 1.
Importantly, the thick widths and high-grade tenor intersected in Dynamic’s drilling compare favourably with the historic drilling, confirming and enhancing the potential for significant mineralisation along this trend.
Figure 1: Drill hole positions and significant results at Dordie Far West
Table 1: Significant Nickel intercepts from 3m composite samples (cutoff 3m >1%Ni)
The grade and thickness of the 3m composite samples from WDR002 and WDR003 are significant and whilst the results are returned from within the weathered profile (rather than fresh rock), the >1% Ni limit plotted on both sections
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