Dynamic Metals has kicked off a 6000m air-core program throughout its Lake Percy mission the place it’s going to check present and seek for new nickel and lithium targets close to Norseman within the Goldfields area of WA.
The part one exploration will encompass 100 air-core holes to acquire rock samples on the website in WA’s Goldfields area for geochemical evaluation to construct a concentrating on mannequin for nickel sulphides.
Dynamic expects the samples will even help within the evaluation of the lithium-caesium-tantalum potential of the operation by offering additional info on the character and extent of pegmatites within the area for a follow-up RC and diamond drill marketing campaign.
The Lake Percy tenements are centered across the northern extension of the Lake Johnston greenstone belt which hosts the current Medcalf spodumene discovery by Charger Metals along with the Emily Ann and Maggie Hays nickel mines.
It’s improbable to see the drill rig turning on our second drill program since itemizing solely seven weeks in the past. We’re excited to be systematically exploring the Lake Percy belt and acquiring contemporary knowledge for our nickel and lithium mineralization fashions, making certain bang for our buck within the subsequent part of drilling.
Situated round 60km east of the Mt Holland lithium mission, Lake Percy covers an space of ​​about 200 sq. kilometers and sits alongside the Lake Johnston Greenstone Belt. Dynamic says it has recognized spodumene-bearing pegmatites round 20km south of the location’s Mt Day prospect along with anomalous lithium intersected in historic drilling. The location has beforehand been explored for nickel by firms together with Anaconda, LionOre and White Cliff Minerals whereas Liontown has additionally finished some lithium exploration within the space.
Notably, historic assay outcomes embody a major 16m hit going 1.5 per cent nickel from 18m along with a 6m part at a stable 1.7 per cent nickel. Dynamic’s exploration program for nickel and lithium at Lake Percy has already highlighted eight potential targets from historic knowledge and geophysics. Earlier gold exploration throughout the operation targeted on regional sampling that highlighted numerous promising gold anomalies.
Dynamic hit the boards on the ASX in January after spinning out of Jindalee Assets with a mass of tenements that stretch from Kambalda all the way down to Lake Percy close to Norseman. The father or mother firm found the McDermott mission within the USA which is shaping as probably one of many largest lithium deposits in America and as such shall be receiving its full consideration. With a profitable $7 million IPO elevate previous to its itemizing, the corporate has no points funding its present exploration efforts.
Simply final month Dynamic wrapped up its maiden drill marketing campaign on the firm’s Dordie Far West nickel goal at its Widgiemooltha lithium-nickel-gold mission close to Kambalda.
The explorer punched out a complete of 5 RC holes throughout 736m over a strike size at Dordie Far West of round 300m. Two of the 5 drill holes intersected the basal contact and all samples have been despatched to a Kalgoorlie laboratory for evaluation with outcomes anticipated by the tip of the quarter.
With each nickel and lithium being sought-after commodities in the intervening time, the market shall be eager to see what Dynamic can uncover when it appears underneath the hood at Lake Percy whereas it waits for its upcoming outcomes from the sooner RC drill program at Widgiemooltha.
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