WA Govt backs Dynamic for Goldfields drill campaign with $175k grant

The West Australian10-15

Dynamic Metals has won a $175,000 co-funding grant under Round 32 of the West Australian Government’s Exploration Incentive Scheme (EIS) to support a four-hole diamond drilling program at its Cognac ...

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The award highlights the strong prospectivity of Cognac West and provides important support as we assess opportunities to further advance exploration at the project. Dynamic Metals managing director Karen WellmanPhase 1 reverse circulation (RC) drilling at Cognac West, comprising 32 holes for 4800m in March and Phase 2 drilling of 19 follow-up holes delivered compelling results, including 8m assaying 2.78g/t gold and 4m going 5.04g/t gold from quartz veins at Anomaly A, along with 24m running 0.29g/t gold in volcaniclastic rocks at Anomaly B.The results have been integrated into an updated geological model, setting the stage for the upcoming diamond drilling to definitively test depth and continuity at the prospect.Dynamic’s Widgiemooltha Project, 212 kilometres south of Kalgoorlie, neighbours Westgold’s Chalice mine (517,000oz produced) and leverages existing roads, rail, and power.Dynamic has a year from December to drill Cognac West with the goal of refining the resource potential of this structurally complex, gold-rich terrain, with its local geological complemented by the company’s nearby Chalice South drilling campaign, for which results are awaited.The 12-month timeframe – in this case from December 1, 2025, to November 30, 2026 - is a standard condition of WA’s Exploration Incentive Scheme (EIS) Co-funded Drilling Program where successful applicants must complete all funded drilling activities within this one-year window to qualify for the grant reimbursement, ensuring timely execution and efficient use of public funds.With WA Government’s $175k in the tin and an incandescent gold market at play, Dynamic Metals is primed to put the rotary truth diviner to work now at Cognac West. Watch this space.Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2575080200","isCrawlerRequest":true}