Wishbone Gold PLC Drilling Contract Signed for Red Setter Project (0905K)
03 Mai 2022 - 11:07AM
UK Regulatory
TIDMWSBN
RNS Number : 0905K
Wishbone Gold PLC
03 May 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
3 May 2022
Wishbone Gold Plc
("Wishbone" or the "Company")
Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources
/ AQSE: WSBN
Drilling Contract signed for Red Setter Project
Patersons Range, Western Australia
Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to
announce that it has signed an important contract for the drilling
of the Company's Red Setter Gold-Copper Project in the Patersons
Range area in Western Australia.
The Red Setter Project is situated on the 57.4km2 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.
The first phase of the drilling contract is for 3,000m of
drilling at Red Setter, with the second phase of the contract for a
further 7,000m of drilling split between Wishbone's Red Setter
Project and the Company's Cottesloe Project to the south.
The track mounted drilling rig is a multi-purpose rig, capable
of 150m Reverse Circulation and diamond core to 1,200m.
Richard Poulden, Wishbone Gold's Chairman, commented, "We are
very pleased to have finally secured this specialist drill rig for
our long awaited Red Setter drilling programme. All exploration
companies have found it difficult to secure drilling services in
Western Australia, especially with the COVID restriction in the
State over the last year and the competitive backdrop experienced
for miners and explorers in the current mineral exploration boom.
We are hopeful of having the rig on site and drilling at Red Setter
before the end of May."
For more information on Wishbone, please visit the Company's
website.
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
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