REG - Wishbone Gold PLC - Drilling underway at Red Setter

Wishbone GoldAnnouncement

20/09/2023 07:00

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RNS Number : 0452N  Wishbone Gold PLC  20 September 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

 

 

20 September 2023

 

Wishbone Gold Plc

("Wishbone" or the "Company")

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

 

Drilling underway at Red Setter

Paterson Range, Western Australia

 

 

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce that the
drill rig and support trucks operated by Strike Drilling have arrived at its
Red Setter project and that drilling is underway on the newly cleared heritage
areas.

 

Image 1: Drill rigs at Red Setter

As previously reported on the 13(th) December 2022, initial assay results have
confirmed the geological observations of a broad hydrothermal system with gold
and copper associated with quartz-carbonate-sulphide veins present within all
lithology types, and often with breccia textures.

 

Image 2: Drill rigs and support trucks at Red Setter

 

Following the MT ("magnetotellurics") survey undertaken by Expert Geophysics
in which they provided the opinion that Red Setter was an analogue of Telfer,
the Company changed the exploration program. It now reflects the facts it is
looking for broad spreads of mineralisation rather than single high grade
bulls eyes. (image 3)

 

As previously reported on 16(th) March 2023, Southern Geoscience Consultants
and Expert Geophysics have identified two target areas, MMT - R1 and MMT - R2.
At this stage of first phase interpretation efforts the focus has been on the
primary MobileMT targets in close proximity to the main Red Setter known
mineralised zone and magnetic target, and also those targets that are at a
relatively shallow depth (<500m), and adjacent to accessible locations
which have been cleared by Aboriginal Heritage. (image 4)

Image 3: shows a combined picture of Red Setter and Telfer on close to the
same scale.

 

Image 4: MMT Interpretation / Two Primary Targets - MMT_R1 and MMT_R2 with
AMAG/Gravity/MMT Isosurfaces, AMAG TMI1VD Imagery and Existing Drillhole
Collars

The Red Setter Project is situated on Wishbone Gold's 57.4km(2) wholly owned
exploration licence EL45/5297 and is located 13km south-west of Newcrest
Mining's Telfer gold-copper mine and 60km west of Newcrest and Greatland
Gold's Havieron gold-copper discovery.

 

Richard Poulden, Wishbone Gold's Chairman, commented:

"We are pleased to be continuing on from last year's successful drill program
which confirmed a hyperthermal gold/copper system. The analysis done in the
meantime has added greatly to our knowledge of the system and provides
additional targets on which to focus."

 

For more information on Wishbone, please visit the Company's website
https://wishbonegold.com/ (https://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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