Initial Drilling at Chalice South Yields Multiple Gold Zones Above 0.1g/t
Dynamic Metals Limited reports encouraging initial assay results from its first drilling phase at the Chalice South prospect, revealing multiple low-level gold anomalies within a mineralised corridor near Westgold’s Chalice Gold Mine.
- Initial assays from 13-hole RC drilling program at Chalice South
- Multiple broad zones of low-level gold anomalism (>0.1g/t Au) identified
- Geology consistent with nearby Chalice Gold Mine mineralised corridor
- 1m resampling underway to refine exploration targets
- Widgiemooltha Project remains a key focus for Dynamic Metals
Initial Drilling Success at Chalice South
Dynamic Metals Limited (ASX, DYM) has released initial assay results from its maiden reverse circulation (RC) drilling campaign at the Chalice South prospect, part of its Widgiemooltha Project in Western Australia. The 13-hole program, totaling 2,181 metres, was designed to test high-priority gold targets identified through advanced 3D modelling of historical exploration data.
The assay results, based on 4-metre composite samples, revealed multiple broad zones of low-level gold anomalism exceeding 0.1 grams per tonne. This early indication of gold-bearing structures is particularly encouraging given the prospect’s proximity; just 15 kilometres south; to Westgold Resources’ Chalice Gold Mine, a significant regional producer with over 500,000 ounces historically extracted.
Geological Context and Significance
Geological logging from the drilling confirmed the presence of mafic volcanic and volcaniclastic rock units consistent with those hosting mineralisation at the nearby Chalice deposit. This alignment with a known mineralised corridor enhances the prospectivity of the area and validates Dynamic Metals’ targeting approach.
Managing Director Karen Wellman highlighted that the program has provided valuable geological and geochemical insights, advancing the company’s understanding of the Chalice South area. The confirmation of favourable rock types and structures will inform the reassessment and prioritisation of targets along this mineralised trend.
Next Steps in Exploration
Following the initial composite assays, Dynamic Metals has completed 1-metre resampling of intervals that returned anomalous gold values to improve resolution and accuracy. The company plans to integrate these detailed assay results with geological logging and multi-element geochemistry to refine its targeting model further.
These efforts will underpin the design of subsequent drilling programs aimed at delineating higher-grade zones and advancing the prospect towards resource definition. The Widgiemooltha Project, covering an extensive 800 square kilometre area, remains a core asset for Dynamic Metals, with multiple commodities under exploration.
Strategic Positioning and Market Implications
Dynamic Metals’ strategic focus on the Widgiemooltha region, known for its rich gold and nickel endowment, positions the company well within a prolific mining district. The initial results at Chalice South, while preliminary, suggest the potential for meaningful gold mineralisation that could add value to the company’s portfolio.
With a market capitalisation of approximately $14.24 million and a cash position of $3.06 million as of September 2025, Dynamic Metals is well placed to advance its exploration agenda. Investors will be watching closely as follow-up assay results and further drilling plans unfold.
Bottom Line?
Dynamic Metals’ initial drilling at Chalice South confirms gold potential, setting the stage for focused exploration ahead.
Questions in the middle?
- Will the 1m resampling assays reveal higher-grade gold zones warranting resource estimation?
- How will Dynamic Metals prioritise targets along the broader mineralised corridor based on new data?
- What is the timeline and scale for the next phase of drilling at Chalice South?