REG - Wishbone Gold PLC - Drill Rigs Mobilised at Cottesloe then Red Setter

Wishbone GoldAnnouncement

22/08/2023 07:00

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RNS Number : 0545K  Wishbone Gold PLC  22 August 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

 

 

 

22 August 2023

 

Wishbone Gold Plc

("Wishbone" or the "Company")

Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN

 

Drill Rigs Mobilised to Cottesloe then Red Setter

 

 

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce that
specialist drill rigs and support trucks have been mobilised to its Cottesloe
Project to start drilling the targets identified during the research programs
undertaken earlier this year.

 

After the rigs finish drilling at Cottesloe they will mobilise to Wishbone's
Red Setter Project, 35km to the north, and follow up to find the source of the
mineralisation from last year's drill program and progress the analytical
research previously undertaken on this property.

 

Strike Drilling is conducting both drill programs and it has conducted
numerous other campaigns in the Paterson Range with great success.

 

As previously announced, 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 2-80g/t Silver (Ag) ranges. Other anomalous
elements include Barium (Ba), Manganese (Mn), Cobalt (Co), Nickel (Ni), and
Lead (Pb). 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), 165g/t Silver (Ag) and
0.26% Cobalt (Co) with anomalous zones extending up to 34m as reported on the
17 July 2023.

 

Richard Poulden, Wishbone Gold's Chairman, commented: "We are excited to begin
the drill program on both Cottesloe and Red Setter based on the extensive
analysis of both properties. We believe we have the possibility of a major
resource and look forward to proving it up."

 

The Cottesloe Project:

As previously reported on 3 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 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

 J&H Communications Ltd
 (Financial PR)
 George Hudson                                             Tel: +44 7803 603130

 

 

 

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