Wishbone Gold PLC Completion of Anketell Project Acquisition (9366G)
18 Novembre 2022 - 12:11PM
UK Regulatory
TIDMWSBN
RNS Number : 9366G
Wishbone Gold PLC
18 November 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
18 November 2022
Wishbone Gold Plc
("Wishbone" or the "Company")
Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources
/ AQSE: WSBN
Completion of Anketell Gold Copper Project Acquisition
and
Issue of Shares
Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to
announce it has exercised the option to acquire the Anketell
Gold-Copper Project as per the agreement announced on 23 August
2022. The Anketell Gold- Copper Project is located 85km north of
the Company's Red Setter Gold-Copper Project in the Patersons Range
area in Western Australia.
Accordingly, the Company will issue 2,170,795 new ordinary
shares of 0.1 pence each (the "Ordinary Shares") at a price of
14.75 pence per share equating to GBP320,192.26. In addition,
Wishbone will pay cash consideration of GBP50,000 as set out in the
acquisition terms.
Application will be made for the new Ordinary Shares, which will
rank pari passu with the existing Ordinary Shares in issue, to be
admitted to trading on AIM and the AQSE Growth Market
("Admission"). Dealings are expected to commence on or around 24
November 2022.
As reported in the announcement of 26 September 2022, the
magnetics of the Anketell property have been modelled using typical
susceptibility numbers. This produced a modelled body of some 1km
diameter that is an obvious target for exploration and drill
targeting. Figure1 shows this magnetic intrusive body.
The Paterson province hosts several other Cu-Au orebodies
including the Winu, Telfer, Havieron and Nifty deposits which are
generally considered to be World-class. These deposits vary in
detail but are likely to all have a genetic link to intrusive
fluids. Hence the Company's interest in discrete magnetic anomalies
such as is present at the Anketell property. Antipa's Citadel
project surrounds the Anketell tenement and has several resources
and prospects with Minyari-WACA, Calibre and Magnum. The Winu
project sits approximately 40km to the north east of the Anketell
tenement and provides a possible comparison model for Cu - Au - Ag
veins within folded sediments above interpreted granitic
intrusives.
Total Voting Rights
The Company's total issued and voting share capital upon
admission of the new Ordinary Shares will consist of 198,912,868
Ordinary Shares. This figure may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, securities of the Company.
For more information on Wishbone, please visit the Company's
website www.wishbonegold.com .
Competent Persons Statement
The information in this report that relates to the reporting of
exploration results has been compiled by Mr David Jenkins, a full
time employee of Terra Search Pty Ltd, geological consultants
employed by Wishbone Gold PLC. Mr Jenkins is a Member of the
Australian Institute of Geoscientists and has sufficient experience
in the style of mineralisation and type of deposit under
consideration and the activity which they are undertaking to
qualify as Competent Persons as defined in the 2012 Edition of the
Australasian Code for Reporting of Exploration Results, Minerals
Resources and Ore Reserves ("JORC Code"). Mr Jenkins consents to
the inclusion in the report of the matters based on the information
in the form and context in which it appears.
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
Figure 1: Modelled intrusive bodies E45/6198
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END
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