DYM in final stages of preparation for nickel target drilling at Widgiemooltha
Link copied to
Dynamic’s exploration plans are underway to begin drilling at the D3 and D5 nickel prospects within the Democrat area of Widgiemoola by the end of August.
Dynamic Metals (ASX:DYM) is planning a 12-hole reverse circulation drilling program for 1,600m to test fresh rock nickel sulphide mineralisation associated with the ‘basal contact’ at the two prospects.
In the context of exploring for Kambalda komatiite type massive sulphide nickel deposits, DYM says the basal contact position is a key vectoring tool and is best described as the location where the komatiite stratigraphy is in contact with the underlying basalt.
The position of the basal contact at D3 and D5 prospects have been interpreted through field work completed to date and informed by aeromagnetic and surface geochemistry.
Confirming this interpretation through RC drilling is considered a high priority for Dynamic due to the strength of coincident geochemical and geophysical anomalies in a globally significant nickel province.
Following the grant of Exploration Licence 15/1753 in June and a Program of Works (PoW) approved in July, Dynamic’s drilling program is expected to begin by the end of August and estimated to be completed before quarter end.
Exploration Licence 15/1753 is within 20km of several Kambalda nickel projects including the Lanfranchi, Cameron, Stockwell, Jan, Foster, and Miitel deposits.
Kambalda is well established as a world class nickel province, with high-grade nickel sulphides being produced since it was first discovered in the 1960s.
In assessing the prospectivity of the tenement, Dynamic reviewed historic mapping and geophysical, geochemical and drilling datasets in the context of the Kambalda nickel ore deposit model and generated several targets for follow up.
A key component of advanced nickel targeting is the identification of a fertile basal contact between the komatiite and the underlying country rock which Dynamic was able to infer from the historic datasets mentioned above.
The large regional lithium soil sampling program at Pioneer Dome (Widgiemooltha Project) is expected to finish this week with assays expected within two months4 .
Dynamic is still awaiting assays for the Sunday Soak, Higginsville and Mandilla air core (AC) programs which were drilled late last quarter, with results anticipated to be received shortly.
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.