REG - Wishbone Gold PLC - Second Drill Rig On Site at Red Setter Project

Wishbone GoldAnnouncement

15/08/2022 09:15

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RNS Number : 0009W  Wishbone Gold PLC  15 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

 

15 August 2022

 

Wishbone Gold Plc

("Wishbone" or the "Company")

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

 

Second Drill Rig Onsite at Red Setter Project

 

Patersons Range, Western Australia

 

 

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce that a
second drill rig for the Company's Red Setter Gold-Copper Project in the
Patersons Range area in Western Australia, is now on site and drilling (Photo
1) 230 metres from the first drill rig (Photo 2).

 

DDH1 Drilling, with extensive drilling experience in the Patersons Range, will
mud rotary drill through the Permian cover to a depth of about 130 metres and
then diamond drill through to the target zones identified by magnetic
modelling.

 

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, "I am very pleased that
a second rig for Red Setter is now being onsite and drilling. DDH1 Drilling
know the ground conditions well in the Patersons Range following extensive
experience at Havieron, from initial discovery to current operations.  We are
also in the process of extending heritage approved areas at Red Setter with a
further survey to start towards the end of August. We are also discussing
plans for a gravity survey which can detect mineral composition through
varying rock density. This is an exciting time for Wishbone."

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: DDH1 drill rig on site and drilling at Red Setter

 

 

Photo 2: The two drill rigs, 230 metres apart at Red Setter.

 

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