REG - Wishbone Gold PLC - Drilling Update at Halo Copper Gold Project

Wishbone GoldAnnouncement

16/06/2022 07:00

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RNS Number : 1108P  Wishbone Gold PLC  16 June 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

 

 

Please click the following link to view the figure(s) and illustration(s)
included in the below announcement:

https://wishbonegold.com/wp-content/uploads/2022/06/WSBN-RNS-220616-Drilling-Update-at-Halo-Project-Qld-omlq.pdf
(https://wishbonegold.com/wp-content/uploads/2022/06/WSBN-RNS-220616-Drilling-Update-at-Halo-Project-Qld-omlq.pdf)

 

 

 

16 June 2022

 

Wishbone Gold Plc

("Wishbone" or the "Company")

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

 

DRILLING UPDATE AT HALO COPPER GOLD PROJECT

 

Queensland, Australia

 

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to update the market
regarding the Wishbone II Gold-Copper drill program in Northern Queensland.

 

The drill programme is proceeding well and approximately 25% of the designed
programme have been completed to date.

 

Initial Reverse Circulation (RC) drill samples have been transported back to
the Terra Search office in Queensland and are undergoing tests prior to being
sent to the lab for full analysis. The Initial tests confirm the presence of
elevated copper, coincident with visible oxidised copper and primary
chalcopyrite mineralisation.

 

Terra Search's logging of the RC chips confirms the presence of a felsic, high
level, crowded porphyry intrusion often found associated with productive, high
level gold systems in the Ravenswood-Charters Towers, district such as at Mt
Wright and Mt Leyshon.

 

Wishbone Gold's QLD Exploration properties are situated in the highly
prospective Charters Towers-Ravenswood district in north Queensland's premier
gold province. They consist of 54 sub-blocks amounting to 174 km(2) of wholly
owned licences and located only 10km from 5 million Oz Ravenswood gold mine.

 

Richard Poulden, Wishbone Gold's Chairman, commented, "We are delighted that
initial tests came back confirming copper is present in this current round of
drilling and we await full results from the lab to confirm grades and
thickness intercepts. The indication that a porphyry style intrusion is
present is extremely good news and we look forward to continuing the drilling
over the coming weeks."

 

 

Full technical details and news releases on the Wishbone II assets can be
viewed on the Company's website at
https://wishbonegold.com/projects/wishbone-ii-iv-vi/
(https://wishbonegold.com/projects/wishbone-ii-iv-vi/)

 

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

 

Photo 1 - Drill in Action QLD - click link above to view

 

The information in this report that relates to the reporting of exploration
results has been compiled Dr Simon D. Beams, a full-time employee of Terra
Search Pty Ltd, geological consultants employed by Wishbone Gold Pty Ltd to
carry out exploration over their White Mountain and Wishbone 2,3,4 EPMs. Dr
Beams has BSc Honours and PhD degrees in geology; he is a Member of the
Australasian Institute of Mining and Metallurgy (Member #107121) and a Member
of the Australian Institute of Geoscientists (Member # 2689).  Dr Beams has
sufficient relevant experience in respect of the style of mineralization, the
type of deposit under consideration and the activity being undertaken to
qualify as a Competent Person within the definition of the 2012 Edition of the
AusIMM's "Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves".

Laboratory analyses are underway at internationally recognised, independent,
commercial laboratories. Internal results reported here for the first time
have been accompanied by industry standard QA/QC checks.

 

 

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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