REG - Wishbone Gold PLC - Drilling Contract Signed for Red Setter Project

Wishbone GoldAnnouncement

03/05/2022 10:15

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RNS Number : 0905K  Wishbone Gold PLC  03 May 2022

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

 

 

 

 

 

3 May 2022

 

Wishbone Gold Plc

("Wishbone" or the "Company")

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

 

Drilling Contract signed for Red Setter Project

 

Patersons Range, Western Australia

 

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce that it has
signed an important contract for the drilling of the Company's Red Setter
Gold-Copper Project in the Patersons Range area in Western Australia.

The Red Setter Project is situated on the 57.4km2 wholly owned Exploration
Licence EL45/5297 and is located 13 km south-west of Newcrest Mining's Telfer
Gold-Copper Mine and 60km west of Newcrest and Greatland Gold's Havieron
gold-copper discovery.

The first phase of the drilling contract is for 3,000m of drilling at Red
Setter, with the second phase of the contract for a further 7,000m of drilling
split between Wishbone's Red Setter Project and the Company's Cottesloe
Project to the south.

The track mounted drilling rig is a multi-purpose rig, capable of 150m Reverse
Circulation and diamond core to 1,200m.

Richard Poulden, Wishbone Gold's Chairman, commented, "We are very pleased to
have finally secured this specialist drill rig for our long awaited Red Setter
drilling programme. All exploration companies have found it difficult to
secure drilling services in Western Australia, especially with the COVID
restriction in the State over the last year and the competitive backdrop
experienced for miners and explorers in the current mineral exploration boom.
We are hopeful of having the rig on site and drilling at Red Setter before the
end of May."

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

 Peterhouse Capital Limited
 (Broker)
 Lucy Williams and Duncan Vasey                            Tel: +44 20 7469 0930

 

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