Wishbone Gold PLC Visual Drilling Results at Red Setter Project (3951U)
01 Août 2022 - 8:00AM
UK Regulatory
TIDMWSBN
RNS Number : 3951U
Wishbone Gold PLC
01 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
1 August 2022
Wishbone Gold Plc
("Wishbone" or the "Company")
Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources
/ AQSE: WSBN
Encouraging Visual Drilling Results at Red Setter Project
Patersons Range, Western Australia
Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to
announce drilling is delivering encouraging results (Photos 1-5),
with the intersection of multiple zones of quartz veining,
carbonate and chalcopyrite and pyrrhotite, from drilling targeting
the previously reported 3.4km x 1km magnetic targets modelled at
the Company's Red Setter Gold-Copper Project in the Patersons Range
area in Western Australia.
The current hole (WRSDD0003) is at a depth of 370metres and will
continue until it is out of visible sulphides. The core has not
been fully logged or cut by Terra Search, and will be dispatched
for assay in the coming weeks. The first drill hole drilled in this
programme was a water bore to set the drill programme up for
diamond drilling, with the first diamond drill hole (WRSDD0002), a
vertical hole on the same drill pad. This hole intersected visible
mineralisation but was terminated at 384metres depth to move to the
current hole, which was designed to test the top of the magnetic
signature. After completion of the current hole, WRSDD0002 will be
re-entered and pushed further to test the mineralisation.
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, "It has
taken some time to get the diamond drilling underway at Red Setter,
and I am very pleased to see these encouraging signs of
mineralisation from the drilling thus far. On the strength of what
is being seen to date, Wishbone is now endeavouring to secure an
additional diamond drill rig. I look forward to further positive
results as we target the 3km strike of the magnetic models. This is
an exciting time for Wishbone."
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 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
Photo 1: WRSDD0003, Chalcopyrite and pyrrhotite in quartz vein
350m down hole.
Photo 2: WRSDD0003, Pyrrhotite associated with albite -
carbonate and biotite alteration at 345 metres
Photo 3: WRSDD0003, Brecciation around 280 - 290m. Note local
clots of pyrite
Photo 4: WRSDD0003, Chalcopyrite and pyrrhotite in quartz
carbonate fractures and brecciation at 345 metres
Photo 5: WRSDD0003, Chalcopyrite and pyrrhotite in quartz vein
350 metres down hole.
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