Dynamic Metals Returns Promising Gold and Copper Assays at Widgiemooltha’s Cognac West

Dynamic Metals (ASX: DYM) is growing in confidence it may be uncovering a significant mineralised system, following drilling results from the Cognac West gold prospect at its Widgiemooltha project in Western Australia.

The company has now received positive gold and copper assays from two phases of drilling at Cognac providing the company with a more in-depth assessment of the project’s gold mineralisation after identifying two large surface anomalies.

Highlight gold assays from both phases include 8 metres at 2.78 grams per tonne from 60m including 4m at 5.04g/t and 4m at 1.66g/t from 56m, with best copper returns including 5m at 0.44% from 60m including 1m at 1.06% and 4m at 0.43% from 120m.

Multi-Phase System

“These latest assay results, together with the identification of sulphide minerals and the emerging copper anomaly at Anomaly B, reinforce the potential for a large, multi-phase mineral system at Cognac West,” managing director Karen Wellman said.

“We are particularly encouraged by the polymetallic signature and the opportunity to integrate new geophysical modelling into our exploration strategy.”

Dynamic is reprocessing an historical airborne electromagnetic survey to help it gain further understanding of the complex mineralisation at Widgiemooltha, which is located 100km south of Kalgoorlie.

The work will assess the significance of an underlying late-time conductive feature at the southern end of anomaly B associated with the broad, anomalous gold zone established in Phase 1 drilling and confirmed in Phase 2.

Widgiemooltha Focus

Dynamic expended significant effort during the recent June quarter on progressing Widgiemooltha, including the collection of 385 first pass soil samples from the Courvoisier gold prospect 4.4km north of Cognac West.

The company also completed the Phase 1 reverse circulation (RC) program at Cognac West that led to the Phase 2 program reported today.

Dynamic is well-funded, with a cash balance of $3.15 million at the end of the June period, and the company received a further $1 million in deferred consideration from the joint venture agreement it signed with Mineral Resources (ASX: MIN) in July 2024 for 40% of the the lithium rights at Widgiemooltha.

Chalice South Drilling

Dynamic also recently received approval for its proposed drilling program at the Chalice South gold prospect.

The company is planning a 13-hole RC drilling program at Chalice South to target gold anomalies it defined through 3D modelling of historical data, with completion on track for the September quarter.

Chalice South lies along a key mineralised trend south of the Chalice gold mine, now owned by Westgold Resources (ASX: WGX).