Dynamic eyes new polymetallic structure in WA | Australian Markets

Dynamic Metals has picked up promising indicators of what might be a sturdy copper and gold system wealthy in sulphides from a part two drilling program of the Anomaly A and Anomaly B targets at its Cognac West prospect.

Cognac West makes up half of the company’s broader Widgiemooltha project in WA’s southeast Goldfields and management says the drill bit may be scratching the floor of a a lot bigger mineralised beast.

The 19-hole part two drilling marketing campaign was designed to chase up on March’s 32-hole reverse circulation program, which produced some extremely encouraging outcomes, significantly at Anomaly B. These included 32 metres grading 0.25 grams per tonne (g/t) gold from 68m, 8m going at 0.36g/t gold and 16m at 0.29g/t gold from 84m.

At one other gap, 4 distinct zones of mineralisation have been intercepted starting from 32m going at 0.25g/t from 32m, 12m grading 0.28 g/t from 76m, 12m at 0.32g/t from 92m and 12m working at 0.28g/t from 112m.

The company says that a number of broad zones of lower-grade gold mineralisation trace at a bigger system that could be in play.

About 600m north of the broad low-grade zones at Anomaly B, Dynamic drilled a scissor gap to chase down an earlier standout hit of 4m at a scorching 5.04g/t gold within 8m at 2.78g/t from 60m in contemporary rock. The follow-up didn’t disappoint, delivering a stable 4m going 1.66g/t from 56m.

While chasing gold at Anomaly B, Dynamic additionally hit paydirt with additional copper hits. Several holes picked up anomalous copper zones, together with 6m working at 0.22 per cent copper from 114m and 12m grading 0.15 per cent copper from 104m. This constructed on earlier hits similar to 5m grading 0.44 per cent copper, together with a tasty 1m part going 1.06 per cent copper.

Although the copper and gold look like unrelated, the outcomes nonetheless received tongues wagging, significantly given copper exhibits up in each the supergene and contemporary rock zones.

Chalcopyrite and cobaltite, that are key sulphide minerals, have been picked up in one gap at 62m depth. Coupled with an intriguing structural and lithological complexity, the tea leaves level to sulphide-rich mineralisation and the potential for a broader polymetallic system and even a multiphase hydrothermal system.

Micro-XRF mapping has helped determine mineral zoning, suggesting a number of stacked mineralisation occasions.

A late-time conductive characteristic, seen in airborne electromagnetic surveys, is being reprocessed to higher perceive what may be fuelling the mineralisation under.

At Anomaly A – one kilometre east of Anomaly B – drill testing has been accomplished beneath a floor gold-bearing quartz vein, which threw up some spectacular rock chips, together with 2040g/t, 53.1g/t and eight.95g/t gold.

Anomaly A’s drill outcomes have been a blended bag and didn’t replicate the rock chip highs however nonetheless pulled up 4m working at 0.15g/t gold from 28m and 4m at 0.12g/t gold from 40m, offering a thread for the company to observe up.

These latest assay outcomes, along with the identification of sulphide minerals and the rising copper anomaly at Anomaly B, reinforce the potential for a giant, multi-phase mineral system at Cognac West. We are significantly inspired by the polymetallic signature and the chance to combine new geophysical modelling into our exploration strategy.

Dynamic has an aggressive exploration program in movement. Reverse circulation drilling is already scheduled for its close by Chalice South prospect and first-pass assays are pending from the Courvoisier gold goal, 4.5km away.

Dynamic is sitting fairly on $3 million in the bank on the finish of June and has since acquired a additional $1 million from Mineral Resources as a deferred transaction fee, leaving it effectively funded to additional discover its grounds.

If the subsequent spherical of drilling confirms what this spherical is hinting at – a important, polymetallic mineralised system – then the $13 million market cap junior explorer might rapidly transfer from potential to discovery.

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