Wishbone Gold PLC Drilling Update at Halo Copper Gold Project (1108P)

TIDMWSBN

RNS Number : 1108P

Wishbone Gold PLC

16 June 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

Please click the following link to view the figure(s) and illustration(s) included in the below announcement:

https://wishbonegold.com/wp-content/uploads/2022/06/WSBN-RNS-220616-Drilling-Update-at-Halo-Project-Qld-omlq.pdf

16 June 2022

Wishbone Gold Plc

("Wishbone" or the "Company")

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

DRILLING UPDATE AT HALO COPPER GOLD PROJECT

Queensland, Australia

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to update the market regarding the Wishbone II Gold-Copper drill program in Northern Queensland.

The drill programme is proceeding well and approximately 25% of the designed programme have been completed to date.

Initial Reverse Circulation (RC) drill samples have been transported back to the Terra Search office in Queensland and are undergoing tests prior to being sent to the lab for full analysis. The Initial tests confirm the presence of elevated copper, coincident with visible oxidised copper and primary chalcopyrite mineralisation.

Terra Search's logging of the RC chips confirms the presence of a felsic, high level, crowded porphyry intrusion often found associated with productive, high level gold systems in the Ravenswood-Charters Towers, district such as at Mt Wright and Mt Leyshon.

Wishbone Gold's QLD Exploration properties are situated in the highly prospective Charters Towers-Ravenswood district in north Queensland's premier gold province. They consist of 54 sub-blocks amounting to 174 km(2) of wholly owned licences and located only 10km from 5 million Oz Ravenswood gold mine.

Richard Poulden, Wishbone Gold's Chairman, commented, "We are delighted that initial tests came back confirming copper is present in this current round of drilling and we await full results from the lab to confirm grades and thickness intercepts. The indication that a porphyry style intrusion is present is extremely good news and we look forward to continuing the drilling over the coming weeks."

Full technical details and news releases on the Wishbone II assets can be viewed on the Company's website at https://wishbonegold.com/projects/wishbone-ii-iv-vi/

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

Photo 1 - Drill in Action QLD - click link above to view

The information in this report that relates to the reporting of exploration results has been compiled Dr Simon D. Beams, a full-time employee of Terra Search Pty Ltd, geological consultants employed by Wishbone Gold Pty Ltd to carry out exploration over their White Mountain and Wishbone 2,3,4 EPMs. Dr Beams has BSc Honours and PhD degrees in geology; he is a Member of the Australasian Institute of Mining and Metallurgy (Member #107121) and a Member of the Australian Institute of Geoscientists (Member # 2689). Dr Beams has sufficient relevant experience in respect of the style of mineralization, the type of deposit under consideration and the activity being undertaken to qualify as a Competent Person within the definition of the 2012 Edition of the AusIMM's "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves".

Laboratory analyses are underway at internationally recognised, independent, commercial laboratories. Internal results reported here for the first time have been accompanied by industry standard QA/QC checks.

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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END

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June 16, 2022 02:00 ET (06:00 GMT)

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