Dynamic’s following up on its juicy nickel hits at Dordie Far West
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Dynamic is carrying out follow-up drilling at its flagship Widgiemooltha project to determine if a Kambalda-style nickel deposit is indeed present at the Dordie Far West prospect.
Maiden drilling at the prospect had returned thick, high-grade intercepts such as 16m grading 1.96% nickel from a down-hole depth of 27m including 5m at 2.84% nickel (WDR002) and multiple intersections such as 15m at 1.56% nickel from 48m including 3m at 2.06% nickel and 6m at 1.6% nickel from 29m in hole WDR003.
These results provide initial support for Dynamic Metals’ (ASX:DYM) belief that Kambalda komatiite type massive sulphide mineralisation is present where the base of the komatiite stratigraphy is in contact with the underlying basalt.
Being able to confirm such a find will be a worthy feat for the company given that such deposits were responsible for some 1.5Mt of high-grade nickel sulphide production in the district since 1967 when BHP’s Nickel West concentrator came online.
It should come as no surprise then that Dynamic plans to carry out two reverse circulation holes totalling about 400m on existing sections to the south-west to test for the extension of mineralisation into the fresh rock. Assays are expected early next quarter.
Once this program is completed, the company will then carry out three aircore drilling programs to test the Mandilla, Higginsville and Sunday Soak targets across the Widgiemooltha project.
DFW is hosted on the north-west margin of the Widgiemooltha Dome on a tenement called E15/1680 along strike from Mincor Resources’ newly developed Cassini nickel mine.
It was previously held by Mincor, which intersected anomalous nickel in RC drilling carried out in the late 2000s but never quite got around to following up on the discovery.
Rather it was Dynamic which eagerly seized on its potential and subsequently proved that it was really on to something significant when three of its five initial drill holes returned thick, high-grade nickel intercepts.
This is doubly timely when Wyloo Metals’ $760m tilt at Mincor is taken into consideration, which provides a concrete idea of just what Wyloo owner’s – Australian billionaire Andrew Forrest – thinks about nickel (Spoiler Alert: its Good Things).
Wyloo has already secured commitments representing 69.32% of Mincor’s issued shares, raising the likelihood that it won’t be much longer before it takes control and brings its attention and muscle to bear in the Kambalda district.
Not a bad thing at all for a junior explorer like Dynamic with some very intriguing nickel drill hits.
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.