Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Dynamic Metals Limited (ASX: DYM).
Dynamic has released its December 2024 quarterly update, reporting progress across its exploration projects and ending the quarter with a cash balance of $4.7 million.
Widgiemooltha Gold Project:
At the Cognac West prospect, results from 191 additional soil samples confirmed two strong gold anomalies, with a peak assay of 2.1 g/t gold. Rock chip sampling returned high-grade results, including 2,040 g/t gold in sample DM1007. A further 755 infill soil samples were collected, refining drill targets in preparation for planned drilling in early 2025.
At the Chalice South prospect Dynamic completed 3D geological modelling, which identified multiple prospective drill targets. Ground-truthing has been undertaken to prioritise targets for follow-up drilling in 2025.
Lindsays Project
The company has compiled surface and downhole geochemistry data, along with structural and geological interpretations, to generate initial gold and lithium targets. A total of 36 gold targets have been identified, with 18 prioritised for field assessment to determine drill testing suitability.