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Dynamic Metals Receives Approval for Gold Drilling at Cognac West

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Dynamic Metals Receives Approval for Gold Drilling at Cognac West

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The latest update is out from Dynamic Metals Limited ( (AU:DYM) ).

Dynamic Metals Limited has received approval from the Department of Energy, Mines, Industry Regulation and Safety for a Reverse Circulation drilling program at the Cognac West prospect, part of the Widgiemooltha Project in Western Australia. The drilling aims to explore gold targets identified through previous soil sampling and rock assays, with notable results including up to 2,040g/t gold. The company plans to drill up to 75 holes following a methodical exploration approach, potentially repositioning it within the gold mining sector by tapping into significant mineralization opportunities.

More about Dynamic Metals Limited

Dynamic Metals Limited is a company in the mining industry, focused on exploration and development of mineral resources, particularly gold, in Western Australia. The company employs a systematic exploration approach to identify and develop significant mineral deposits.

YTD Price Performance: 1.82%

Average Trading Volume: 106,685

Technical Sentiment Consensus Rating: Sell

See more insights into DYM stock on TipRanks’ Stock Analysis page.

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