REG - Wishbone Gold PLC - Drilling Update at Red Setter Gold Dome Project

Wishbone GoldAnnouncement

Mon 07:00

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RNS Number : 7680U  Wishbone Gold PLC  11 August 2025

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

 

 

 

 

11 August 2025

 

Wishbone Gold Plc

("Wishbone" or the "Company")

London AIM & Aquis: WSBN

 

 

Drilling Update at Red Setter Gold Dome Project Western Australia

 

Sulphide Mineralisation Intersected at Target Depth for First Hole

 

Wishbone Gold Plc is pleased to announce that drilling at the Company's Red
Setter Gold Dome Project, located 15km South West of Greatland Gold Plc's (AIM
and ASX: GGP) operating Telfer gold mine in Western Australia (Figure 2), has
intersected mineralisation in its first hole deepening program with zones of
quartz-carbonate veining and sulphides of chalcopyrite and pyrite observed
down hole (Figures 3-5).

 

As announced on 25 April 2025 the Mobile MT domal target interpreted by Expert
Geophysics Limited (EGL), showed the target depth at around 550 metres.

 

This fracturing and evidence of sulphides from ~520 metres is encouraging in
that we are seeing strong signs of mineralisation within the concept of a
domal folded hinge structure, as predicted by Mobile MT and the EGL model.

 

Observed changes in bedding of the host rock, quartz-carbonate veining and
sulphides of chalcopyrite and pyrite within zones down the hole, are very
positive indicators. Overall, these suggest we are peripheral to the main
hinge target, and a new hole will now be collared to the south-west of the
current hole to focus on what is now thought to be the centre of the domal
structure. This will be some 50-75 metres from the current drill hole.

 

Drilling is planned to test the current hole further to a depth of around 630
metres before shifting to the new hole.

 

Ed Mead, Wishbone Gold WA director, commented; "Seeing the quartz-carbonate
veining and sulphides at the expected target depth is highly encouraging at
this early stage of the drill program.  Progress has been a little slower
than originally expected due to the drill rig only drilling on day shift,
however, processing of core on site and geological and structural logging is
giving us real time information on the domal structural we are successfully
targeting. This means that we are seeing the significant changes in the
bedding of the host rock as we approached the 550m target depth, indicating
folds associated with a dome. The zones of significant quartz-carbonate
veining seen indicates the presence of hydrothermal fluids often associated
with mineralisation. Chalcopyrite (copper sulphide), as blebs in the veining
and within fractures, and some bleaching/alteration within the drill core is
also seen as highly encouraging. Drilling continues."

 

Figure 1: Drillers on site at Red Setter.

 

Figure 2: WSBN Exploration Tenement applications immediately surrounding the
Telfer Mine.

 

Figure 3: Chalcopyrite (copper) sulphides, alteration and quartz-carbonate
veins at 520 metres.

 

 

Figure 4: Chalcopyrite blebs within Quartz Carbonate veining at 566 metres.

 

Figure 5: Big change in bedding, increased fracturing and sulphides at around
570 metres.

 

END

 

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

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

 

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

 

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 Fellow of the Australasian Institute of Mining and Metallurgy. Mr
Mead is a director of Wishbone Gold WA Pty Ltd and is a consultant to Wishbone
Gold Plc 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.

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