These large lithium trends (>100ppm Li2O) will be followed up with further infill soils and drilling at the Dynamic Metals’ Widgiemooltha project. Pic via Getty Images
Mining
Special Report: Two lithium soil anomalies – each more than 1,000m in strike and 300-600m wide – have been identified at the Franks Far Southeast (FFSE) prospect within Dynamic’s Widgiemooltha project.
Dynamic Metals (ASX:DYM) has been systemically working through the lithium potential of its substantial land package in Western Australia’s Goldfields region at the Widgiemooltha project, within a known corridor of world-class nickel sulphide deposits and gold deposits.
More recently, the area has emerged as a “lithium belt” with three lithium-caesium-tantalum (LCT) pegmatite-related mines developed in the past few years – including the Mt Marion, Bald Hill and Buldania projects – all within 25km of DYM’s tenure.
As part of this strategy, around 880 samples were taken at the Spargos East and FFSE prospects in November targeting LCT type pegmatites associated with the contact between volcaniclastic and mafic/ultramafic units.
Results from the first 300 assays returned over the Spargos East area announced to the market in December defined a robust and consistent lithium anomaly in soils over 100ppm Li with a peak returned assay of 190ppm.
Most of the remaining soil sampling results are located at Franks Far Southeast, where two large anomalies have been identified, each over 1,000m in strike length and 300-600m wide.
Additionally, the southern-most target has strong support from historic rock chip samples assaying up to 1,010ppm Li.
DYM hopes to complete infill soil sampling programs across the Spargos East, Franks Far Southeast and Pioneer Dome prospects to refine potential drill targets.
The company will also review and complete any requirements for permitting in preparation for drilling.
This article was developed in collaboration with Dynamic Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
