Newly listed ASX lithium, nickel and gold explorer Dynamic Metals Limited (ASX:DYM) has kicked off exploration activities at the Lake Percy Project in the Goldfields Region of Western Australia.
An Air Core (AC) rig has commenced work on a 100 hole programme planned for up to 6,000m of drilling. This is the first step in a two phase programme proposed to be completed at Lake Percy over the next six months.
The purpose of the phase 1 programme is to drill through the weathering profile across the western ultramafic to obtain fresh rock samples for geochemical analysis which will feed into Dynamic’s targeting model for nickel sulphides.
The results of the phase 1 drill programme will be used to refine additional targets for a deeper reverse circulation (RC) drilling program planned for phase 2, where several RC targets have already been generated based on existing historic data.
It is anticipated these drill programs will also provide additional information on the nature and extent of pegmatites in the region as part of Dynamic’s assessment of the lithium-caesium- tantalum (LCT) potential of the project.
The Lake Percy Project is located approximately 120km to the west of Norseman, along the Hyden-Norseman Road.
The company’s tenements are centred around the northern extension of the Lake Johnston greenstone belt, which hosts the recent Medcalf spodumene discovery by Charger Metals and the Emily Ann and Maggie Hays nickel mines.
There are several lithium prospects in close proximity including the Mt Day LCT pegmatite field approximately 20km south east of the Lake Percy Project. The Project is also in close proximity to the Earl Grey Lithium Project located approximately 60km to the west which is currently under development by Covalent Lithium Pty Ltd (a joint venture between subsidiaries of Sociedad Quimica y Minera de Chile S.A and Wesfarmers Limited).
Next Steps
The company has been reviewing the LCT potential of the Lake Percy Project and further fieldwork including mapping and sampling will be ongoing through March to continue to build on the knowledge of the zoning of the Lake Percy pegmatites and refine potential lithium drill targets.
In addition, the company anticipates first results from the RC programme completed in February at the Dordie Far West Prospect at the Widgemeooltha Project will be received by the end of the quarter.
“It is fantastic to see the drill rig turning on our second drill program since listing only seven weeks ago. We are excited to be systematically exploring the Lake Percy belt and obtaining fresh data for our nickel and lithium mineralization models, ensuring bang for our buck in the next phase of drilling,” Managing Director, Karen Wellman, said.
For further information please visit: https://dynamicmetals.com.au/
