GOLD NEWS

Dynamic Metals advances gold exploration at Widgiemooltha Project

Thu Sep 19 2024

Dynamic Metals Ltd (ASX:DYM) managing director Karen Wellman joins Proactive’s Tylah Tully to discuss the significant progress in the company’s gold exploration activities at the Widgiemooltha Project in Western Australia.

DYM is preparing for drilling in early 2025 and has identified a priority target for immediate exploration at the Cognac West prospect. Two strong gold soil anomalies have been identified through recent soil sampling, while field mapping and rock chip sampling are ongoing. A reverse circulation (RC) drill program is being planned based on field observations.

At the same time, Dynamic Metals is advancing 3D modelling of the Chalice South prospect using historical drill data and surface geochemical datasets. This site has a history of gold production, with Resolute Limited's operations in the 1990s yielding 517,000 ounces of gold.

The company’s managing director Karen Wellman highlighted the potential of its gold targets and noted that Dynamic Metals is well funded after receiving $4 million from a lithium joint venture at the Widgiemooltha site. Dynamic is leveraging both historical and new data to identify significant exploration opportunities, with assay results from recent efforts expected soon.

Source: https://www.proactiveinvestors.com.au/