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Dynamic Metals Limited (ASX:DYM)

ALERT: Price-sensitive ASX Announcement for DYM
Current share price for DYM : $0.515 -0.06 (-10.43%)+
Announcement
Release
5 May 2026 8:31AM
Price at Release
$0.575
Full Release
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Summary
Dynamic Metals Limited, a company focused on precious and critical metals exploration in Western Australia, announced promising initial results from their diamond drilling program at the Cognac West gold prospect, which is part of the Widgiemooltha Project. The drilling confirmed the presence of gold mineralization at a depth of approximately 300 meters, extending the known gold system beyond previously drilled shallow zones. This program, which includes four diamond drill holes, aims to enhance geological understanding and evaluate the potential of deeper mineralized structures. Alongside moderate gold grades, these findings suggest a potentially extensive vertical mineralized system. The program is partially supported by funding from the WA Government's Exploration Incentive Scheme. Further assay results are pending for two additional holes.
Key Points
  • Gold mineralization confirmed at approximately 300 meters depth at Cognac West.
  • Initial drilling results extend the known gold system beyond previous shallow zones.
  • The program includes four diamond drill holes totaling approximately 1,400 meters.
  • Drilling supported by up to $175,000 from the WA Government Exploration Incentive Scheme.
  • Potentially extensive vertical mineralized system identified.
  • Further assay results pending for two additional drill holes.
  • Program aims to improve geological understanding and evaluate deeper structures.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.