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Dynamic Metals Ltd (ASX:DYM) is actively progressing its gold exploration initiatives across Western Australia, with a strong focus on its Widgiemooltha Project. As part of a broader exploration strategy, the company continues to evaluate and prioritize high-potential gold exploration targets, with plans to initiate a drilling campaign in early 2025. The project is now a focal point for Dynamic Metals as new targets emerge, specifically at the Cognac West prospect.
Exploration at Cognac West
At the Widgiemooltha Project, Dynamic Metals has identified the Cognac West prospect as a priority target. This region has shown significant promise following the discovery of two notable gold soil anomalies during a recent soil sampling campaign. Field mapping and rock chip sampling are currently being conducted to further define these anomalies, while reverse circulation (RC) drilling plans are in development. These will be refined based on ongoing field observations and geochemical data.
Dynamic Metals is utilizing both historical data and new findings to structure its exploration program. This includes 3D modelling of the Chalice South prospect, which relies on historical drill data and surface geochemical datasets. The company’s exploration efforts aim to create a strong foundation for future gold discoveries in the region.
Cognac West Prospect: Historical Context and Recent Developments
The Cognac West prospect has a history of exploration dating back to the 1970s. However, earlier efforts, which primarily focused on gold assays through shallow drilling and soil sampling, were often incomplete. A significant result from the 1990s reported a gold assay of 1 metre at 91.3 grams per tonne (g/t) from a depth of 41 metres. Despite these promising results, past exploration at Cognac West did not fully capture the region’s potential.
Dynamic Metals is addressing these gaps through a systematic approach to exploration. The company recently completed a soil sampling program across a 3-kilometre by 2-kilometre area, with samples collected every 50 metres along 200-metre spaced east-west lines. This sampling program targeted an area of structural complexity near a felsic intrusion, located 500 metres west of the Republican Thrust.
A total of 704 soil samples were collected and analysed for gold and a range of multielements. Early results have indicated two areas of anomalism where gold concentrations exceeded 0.025 parts per million (ppm). In response, Dynamic Metals has extended sampling lines to the east, while geological mapping and rock chip sampling are underway to further assess the region. Assay results from these efforts are anticipated in the coming weeks.
Chalice South Prospect
Dynamic Metals is also advancing exploration activities at the Chalice South prospect, where geological structures have demonstrated significant potential for gold mineralization. The prospect is situated in a 14-kilometre stretch of greenstone geology, located along the same structural corridor that hosts the well-known Chalice gold deposit.
Historically, the Chalice open pit, operated by Resolute Limited, produced approximately 2.9 million tonnes of ore at an average grade of 5.6 g/t, yielding 517,000 ounces of gold. Additionally, a small underground operation managed by Avoca Resources Limited (ASX
) resulted in 993 tonnes of ore at 3.91 g/t before the mine was placed on care and maintenance in 2015.
Dynamic Metals’ exploration licence, 15/1721, covers this highly prospective region, and the company is currently engaged in 3D geological modelling. The objective is to identify new targets for surface geochemistry studies and potential drill testing. Exploration in the area focuses on understanding the complex geological structures that may host additional gold resources.
Systematic Exploration Strategy
Dynamic Metals’ systematic approach to exploration is designed to leverage both historical data and modern exploration techniques. The company is well-positioned to advance its exploration goals, thanks to its well-funded status. The exploration program has received a financial boost from a $4 million contribution as part of the Widgiemooltha lithium joint venture with Mineral Resources.
Dynamic Metals continues to integrate high-quality geological data to refine its exploration strategy. As the company advances its efforts, the proximity of its tenements to major gold producers adds to the potential for significant discoveries in the region. The planned drilling activities in early 2025 are expected to provide further insights into the gold resource potential at both Cognac West and Chalice South.
Outlook
Dynamic Metals' ongoing exploration efforts at the Widgiemooltha Project reflect a commitment to uncovering valuable gold resources. With a systematic approach that combines new geochemical data with historical insights, the company is laying a robust foundation for future exploration success. As activities progress at the Cognac West and Chalice South prospects, the region’s gold potential continues to gain momentum.
The exploration program at Widgiemooltha, bolstered by the strategic integration of geological data and financial support, positions Dynamic Metals to continue advancing its gold projects in the highly prospective gold regions of Western Australia. The company remains focused on delivering results through its methodical approach to exploration, with the aim of driving new gold discoveries in the coming years.
