Dynamic drilling confirms Mt Percy nickel potential

New kid on the block, Dynamic Metals, has revealed a promising start to work at its Lake Percy project in Western Australia's Goldfields, with its maiden drilling program returning multiple significant nickel intersections, including 16m going 1.11 per cent nickel from 32m downhole and 645 parts per million copper.

Apart from the headline figure, other assay results included 26m at 0.62 per cent nickel from 20m downhole and 145ppm copper, 22m going 0.78 per cent nickel from 6m downhole, including 8m going 1.15 per cent nickel and 46m at 0.70 per cent nickel from 18m downhole, including 10m at 1.14 per cent nickel. Additionally, Dynamic reports several drill holes intercepted anomalous lithium grades of up to 1170ppm lithium.

The program, completed in April, totalled 102 holes going 6372m and comprised both air-core (AC) and reverse-circulation (RC) drilling. The aim was to obtain fresh rock samples for geochemical analysis so management could better understand the geology and refine its nickel sulphides, targeting about a 10km strike extent of the western ultramafic unit.

Dynamic says there were multiple "significant" intersections from 2m samples within weathering profile, implying a fertile nickel-sulphide system at two targets, LP1 and LP2.

Drilling at LP1 has defined an anomalous trend about 600m long, open to the north, which assay results suggest is indicative of a fertile nickel-sulphide system, between the northern-most and third northern-most drill lines.

Lake Percy's LP2 target is defined by a 1.6km-long magnetic feature interpreted to be structurally separate from LP1, to the north. The company says drilling confirmed prospectivity for nickel sulphides is higher at LP2's north-western end.

The two prospects are now defined as high-priority targets that Dynamic says are worthy of further drill testing. The company has set in place more geological and geochemical interpretation to refine and prioritise the nickel potential.

Lake Percy is about 120km west of Norseman and Dynamic's tenements – comprising two exploration and four exploration licence applications – are centred around the northern extension of the Lake Johnston greenstone belt.

If neighbours are any guide, management seems to have chosen a good ’hood. The belt hosts the Emily Ann and Maggie Hays nickel mines, in addition to the recent Medcalf spodumene discovery by Charger Metals.

Lake Percy is also near Charger's Mt Day lithium-caesium-tantalum (LCT) pegmatite field 20km to the south-east, as well as the Earl Grey lithium project about 60km to the west.

Dynamic was spun out of Jindalee Resources with a slew of tenements stretching from Kambalda down to Mt Percy. The company hit the boards in January with the goal of chasing lithium, nickel, copper, gold and platinum group elements (PGE).

Its first foray was at its Widgiemooltha project near Kambalda, where a maiden drill program also returned encouraging results. Dynamic now says an AC rig has mobilised to Widgiemooltha to drill-test for nickel and gold at three prospects –Sunday Soak, Mandilla and Higginsville.

The company says it will also assess results from the multiple pegmatites that were intersected during the work by integrating the drilling dataset with its existing pegmatite dataset for the Lake Percy area so it can plan further lithium exploration.

Dynamic is convinced the underexplored western ultramafic presents further exploration opportunity. With lots going on and doubtless more on the drawing board, it is in no mood to loiter – and is certainly living up to its name.

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