REG - Wishbone Gold PLC - Further Encouraging Visual Results at Cottesloe

Wishbone GoldAnnouncement

13/12/2023 07:15

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RNS Number : 6190W  Wishbone Gold PLC  13 December 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

 

 

13 December 2023

 

Wishbone Gold Plc

("Wishbone" or the "Company")

 

Further Encouraging Visual Results at Cottesloe

Paterson Range, Western Australia

 

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN) announces an update regarding the
current diamond drill program at its Cottesloe project located in the Paterson
Range in 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.

 

Additional holes drilled at Cottesloe continue to have visually encouraging
results with highlights including zones with 10-20% base metal sulphides
(Photo 1-6) and scans from portable X-ray fluorescence ("pXRF") reading
elevated base metals.

 

Geological core samples from holes 23CTRCD0003 and 23CTRCD0002A are being
delivered to Perth where they will be divided and half will be distributed to
the WA government as part of the EIS funded drilling grant.

 

Richard Poulden, Wishbone Gold's Chairman, commented:

"To have more visually encouraging results from the new holes drilled at
Cottesloe is a great sign. We look forward to having the assays completed and
mapping the mineralisation for next year's drill campaign to get a clearer
view of the asset."

 

 

Photo 1 - Pyrite & Pyrrhotite banded and veined shale interval with
initial scans from XRF reading elevated base metals

 

Photo 2  - Pyrite & Pyrrhotite +/- minor sphalerite banded and veined
black shale interval

 

Photo 3 - Lamination parallel Pyrite & pyrrhotite with carbonate veining

 

Photo 4 - Pyrite dissemination with cavities and thicker qtz-carb-silicious
veining 368-370m

 

Photo 5 - Disseminated Pyrite - chalcopyrite +/- pyrrhotite with elevated Cu/
Ni.

 

 

Photo 6 -Pyrite dissemination with cavities within a thicker zone of
qtz-carb-silicious veining 368-370m

 

 

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

 Soho Communications Ltd
 (Financial PR)
 George Hudson                                             Tel: +44 7803 603130

 

Competent Persons Statement

 

The information in this report that relates to the reporting of exploration
results has been compiled by Mr David Jenkins, a full time employee of Terra
Search Pty Ltd, geological consultants employed by Wishbone Gold PLC.  Mr
Jenkins is a Member of the Australian Institute of Geoscientists and has
sufficient experience in the style of mineralisation and type of deposit under
consideration and the activity which they are undertaking to qualify as
Competent Persons as defined in the 2012 Edition of the Australasian Code for
Reporting of Exploration Results, Minerals Resources and Ore Reserves ("JORC
Code"). Mr Jenkins consents to the inclusion in the report of the matters
based on the information in the form and context in which it appears.

 

Appendix

 

Sulphidic breccia is a rock composed of large angular broken fragments
of minerals or rocks cemented together by a fine-grained matrix.

 

Chalcopyrite is a copper iron sulfide mineral and the most abundant copper ore
mineral.

 

Pyrite is a shiny yellow mineral consisting of iron disulphide and typically
occurring as intersecting cubic crystals.

 

Pyrrhotite is a bronze-colored mineral of metallic luster that consists of
ferrous sulfide and is attracted by a magnet.

 

Shales are a soft finely
(https://www.google.com/search?sca_esv=580697965&rlz=1C1KNTJ_enAE1075AE1075&q=finely&si=ALGXSlZs_yOcjbcvFwhB4E04oe9YhurVi88vMXaz8NwFKBlRiLG1eptxTgBmZ5a5og-WTCCpOuCJ6QcbbIIWCUDDTiN44y8V3Q%3D%3D&expnd=1)
 stratified
(https://www.google.com/search?sca_esv=580697965&rlz=1C1KNTJ_enAE1075AE1075&q=stratified&si=ALGXSlbK6dNKc3P-z0hratVoTzWI1VOaOfYvWsXKtViPLD6Ge3cGWBZtEbfJua3fd6IlODKzEJ7LBxZ1JPlHbI6j5M2HZlZ01Ime3BNeFwHQyyAjH1C9lrI%3D&expnd=1)
 sedimentary
(https://www.google.com/search?sca_esv=580697965&rlz=1C1KNTJ_enAE1075AE1075&q=sedimentary&si=ALGXSlYpmWhtmlIZKYHTCPXiYmMEQol-qsSNeuoWCVwGrYOuIcD8mg7TDXe0gBSRI0mE-iLSnXbQqdb4WH6DN-bOCcxWvjWMCl4xkXDgHIJGbgQMwoRFGWo%3D&expnd=1)
 rock that formed from consolidated mud or clay and can be split easily
into fragile plates.

 

A siltstone is a lithified, nonfissile mudrock. In order for a rock to be
named a siltstone, it must contain over 50% silt-sized material. Silt is any
particle smaller than sand.

 

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