Dynamic fires up rigs to chase encouraging Widgiemooltha gold hits
Phase two of the company's reverse circulation (RC) campaign is now underway.
The company's 19-hole program will focus on two main anomalies, dubbed A and B, to extend a cluster of juicy hits from the first round of drilling, including an 8m hit at 2.87 grams per tonne (g/t) gold, featuring a richer 4m stretch at 5.37g/t from 60m.
Other notable results from the March program include 44m at 0.33g/t gold, with a higher-grade pocket of 4m at 1.21g/t from 36m, and a broader 24m hit going 0.33g/t from 48m. All these intercepts sit within fresh rock.
Cognac West has a complicated geological structure, with smaller faults and cracks formed around a late felsic intrusion. It sits 500m east of the Republican Thrust fault, a structurally rich zone that's only seen sporadic attention since near surface work was conducted in the 1970s.
Although much of the legacy data from that period is patchy, one historic drill hole reported 1m at an eye-popping 91.3g/t gold from 41m.
When Dynamic re-mapped the area in 2024 with fresh soils, rock chips and boots-on-ground work, the program flagged two soil anomalies above 25 parts per billion gold. Meanwhile, rock chip samples lit up with whopping results of 2040g/t, 53.1g/t and 8.95g/t gold.
The new drilling campaign combines historic data with the company's recent results. It is designed to zero in on extensions of known mineralisation and chase structural repetitions across Dynamic's target zones.
At anomaly A, where a surface-mapped quartz vein returned the historic 2040g/t rock chip, initial drilling under the vein was underwhelming. However, the new phase two drill program will plunge deeper, chasing fresh rock potential and probing west, where a 220m gold trend is emerging.
Over at anomaly B, the first drill pass unearthed a 100m-wide east-west corridor of gold anomalism in fresh rock, anchored by the hits of 24m grading 0.33g/t and 44m at 0.33g/t gold. Dynamic says this zone lines up nicely with gold-in-soil highs and a subtle magnetic feature, hinting at a larger, structurally controlled system.
Dynamic says it intends to test anomaly B with different drill orientations to unravel the controls and chase down a higher-grade zone that coughed up the 8m at 2.87g/t gold hit from 60m in its phase one drilling program. That intercept lies 600m northwest of a broader low grade gold zone and will be followed up along strike and down dip.
Drilling is expected to wrap up within two weeks, with assays expected early July, setting the stage for potential fireworks in the company's next quarterly.
With a tight capital structure, $4.1 million in the bank and a market capitalisation just north of $13M, Dynamic looks poised to punch well above its weight if Cognac West continues to deliver.
Is your ASX-listed company doing something interesting? Contact:
matt.birney@wanews.com.au
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