REG - Wishbone Gold PLC - Diamond Drilling Underway at Cottesloe

Wishbone GoldAnnouncement

08/11/2023 10:45

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RNS Number : 8009S  Wishbone Gold PLC  08 November 2023

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of MAR

 

 

 

8(th) November 2023

 

Wishbone Gold Plc

("Wishbone" or the "Company")

 

Diamond Drilling Underway at Cottesloe

 

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce that diamond
drilling has started at its Cottesloe tenement. Support trucks and camp have
been set up and drilling has commenced.  (Figure 1 and 2)

 

Figure 1 - Diamond Rig at Cottesloe

 

 

As reported on the 17(th) July 2023, the Cottesloe Project contains a basinal
syncline of the Broadhurst Formation. This formation consists of a package of
carbonaceous shales and siltstones with known pyritic horizons. The pyritic
horizons have formed into gossanous ironstones at the surface and these have
returned extensive base metal anomalism in the 0.1-1.1% Copper (Cu), 0.1-3.8%
Lead (Pb), 0.1-0.4% Zinc (Zn), and 2-80 g/t Silver (Ag) ranges. Other
anomalous elements include Barium (Br), Manganese (Mn), Cobalt (Co), and
Nickel (Ni). Rotary Air Blast ("RAB") and Reverse Circulation ("RC") drilling
in the keel of the syncline has confirmed extensive anomalies in the oxidized
zone.  Base metal anomalies with highest grades over 2 metre samples were
0.25% Copper (Cu), 4.6% Lead (Pb), 0.97% Zinc (Zn), 165 g/t Silver (Ag) and
0.26% Cobalt (Co) with anomalous zones extending up to 34 metres.

 

Figure 2 - Diamond Rig at Cottesloe

 

Richard Poulden, Wishbone Gold's Chairman, commented: "We are excited that the
diamond drilling program has commenced at Cottesloe and we are eager to see
the assay results. Cottesloe is a great project with a lot of potential given
its geological setting."

 

The Cottesloe Project:

As previously reported on 3(rd) March 2021, the Cottesloe Project is located
around 55 km south of Newcrest's Telfer Gold Mine and about 35 km south-east
of Wishbone's Red Setter Project in the Paterson Range province of Western
Australia. The Project consists of is three tenements totalling 50 blocks
covering an area of 165km(2) and is considered highly prospective for precious
and base metals.

 

For more information on Wishbone, please visit the Company's website.

www.wishbonegold.com (http://www.wishbonegold.com) .

 

 

END

For further information, please contact:

 Wishbone Gold PLC
 Richard Poulden, Chairman                                 Tel: +971 4 584 6284

 Beaumont Cornish Limited
 (Nominated Adviser and AQUIS Exchange Corporate Adviser)
 Roland Cornish/Rosalind Hill Abrahams                     Tel: +44 20 7628 3396

 SP Angel Corporate Finance LLP
 (Broker)
 Ewan Leggat / Kasia Brzozowska                            Tel: +44 20 3470 0470

 Soho Communications Ltd
 (Financial PR)
 George Hudson                                             Tel: +44 7803 603130

 

 

 

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