REG - Wishbone Gold PLC - Strategy/Company/Ops Update

Wishbone GoldAnnouncement

22/12/2022 07:00

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RNS Number : 5938K  Wishbone Gold PLC  22 December 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

 

 

 

22 December 2022

 

Wishbone Gold Plc

("Wishbone" or the "Company")

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

 

Magneto Tellurics Survey Underway over Paterson Tenements

 

Paterson Range, Western Australia

 

 

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), would like to inform the market
that a Magneto Tellurics ("MT") survey is underway on the company's Western
Australian properties.

 

As previously reported Wishbone intersected mineralisation in multiple drill
holes in the maiden drill program on Red Setter. The company has now engaged
Expert Geophysics Pty Ltd, who specialise in such surveys to complete an MT
survey over Red Setter and Cottesloe. Once completed data processing and
inversions will take approximately 6 weeks to finalise. Combined with the
broad spread of mineralisation in the drill results, adding MT into the
package of data which we now have will provide a further focus for the drill
program next year.

 

MT uses Passive Airborne Electromagnetic Methods ("AEM") which exploit the
principles of naturally varying electromagnetic fields to identify
mineralisation. The MT system is one of the latest developments in passive
field AEM technology. It has proven to have high sensitivity to resistance
differentiations in a broad range, including thousands and tens of thousands
of ohm-m's.

 

Photos and videos will be released on the company social media channels when
available.

 

Richard Poulden, Wishbone Gold's Chairman, commented:

 

"MT technology is an important next step in exploration at Red Setter to
define more accurately the location of increased sulphide mineralisation. By
using this technology the aim is to define the main trend and centre of the
mineralisation system".

 

For more information on Wishbone, please visit the Company's website.

www.wishbonegold.com (http://www.wishbonegold.com) .

END

 

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 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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