REG - Wishbone Gold PLC - Encouraging Visual Drilling Results at Red Setter

Wishbone GoldAnnouncement

17/08/2022 11:15

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RNS Number : 3358W  Wishbone Gold PLC  17 August 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

  17 August 2022

 

Wishbone Gold Plc

("Wishbone" or the "Company")

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

 

Encouraging Visual Drilling Results at Red Setter Project

 

Patersons Range, Western Australia

 

 

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce drilling is
delivering further encouraging results (Photos 1-5), with the intersection of
multiple zones of quartz veining, carbonate and chalcopyrite and pyrrhotite,
from drilling targeting the previously reported 3.4km x 1km magnetic targets
modelled at the Company's Red Setter Gold-Copper Project in the Patersons
Range area in Western Australia.

 

The current hole (WRSDD0004) being drilled by DDH1 Drilling (which is 230m
along strike from the previously reported visible mineralisation) is at a
depth of ~230 metres and will continue to a depth of 500 metres or more,
depending on observations from each core run. This hole is intersecting
visible sulphides of chalcopyrite and pyrrhotite within veinlets and breccia
or fault zones (Photos 1-5), that started at only 57 metres down hole. The
core has not been fully logged or cut by Terra Search, and will be dispatched
for assay in the coming weeks.

 

The Red Setter Project is situated on the 57.4km(2) 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.

Richard Poulden, Wishbone Gold's Chairman, commented, "It is very positive to
see these sulphide observations of chalcopyrite and pyrrhotite within the
current DDH1 diamond drillhole, that started at 57 metres and are repeating
downhole. We are currently clearing further drill pads in the area and making
preparations for the upcoming heritage survey that will clear a significant
further portion of the project area for drilling.  I look forward to further
positive results as we target the ~3km strike of the magnetic models."

 

Competent Persons Statement

The Information in this report that relates to exploration results, mineral
resources or ore reserves is based on information compiled by Mr Edward Mead,
who is a Member of the Australasian Institute of Mining and Metallurgy. Mr
Mead is a consultant to the company and employed by Doraleda Pty Ltd. Mr Mead
has sufficient experience which is relevant to the style of mineralisation and
type of deposits under consideration and to the activity that he is
undertaking to qualify as a Competent Person as defined in the 2012 edition of
the `Australian Code for Reporting Exploration Results, Mineral Resources and
Ore Reserves' (the JORC Code). Mr Mead consents to the inclusion of this
information in the form and context in which it appears in this report.

 

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

 

Photo 1: WRSDD0004, Chalcopyrite and pyrrhotite on joint surface at 57 metres.

 

Photo 2: WRSDD0004, Chalcopyrite in veinlets cross cutting sedimentary bedding
at 120.3 metres.

 

Photo 3: WRSDD0004, Chalcopyrite and pyrrhotite within a breccia and fault
zone at 165.8 metres down hole.

 

Photo 4: WRSDD0004, Chalcopyrite and pyrrhotite within a breccia and fault
zone at 182-183 metres down hole.

Photo 5: WRSDD0004, Cut core of photo 3 chalcopyrite and pyrrhotite within a
breccia and fault zone at 182-183 metres down hole.

 

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