Wishbone Gold PLC Drill Rigs Mobilised at Cottesloe then Red Setter (0545K)
August 22 2023 - 2:00AM
UK Regulatory
TIDMWSBN
RNS Number : 0545K
Wishbone Gold PLC
22 August 2023
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
22 August 2023
Wishbone Gold Plc
("Wishbone" or the "Company")
Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources
/ AQSE: WSBN
Drill Rigs Mobilised to Cottesloe then Red Setter
Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to
announce that specialist drill rigs and support trucks have been
mobilised to its Cottesloe Project to start drilling the targets
identified during the research programs undertaken earlier this
year.
After the rigs finish drilling at Cottesloe they will mobilise
to Wishbone's Red Setter Project, 35km to the north, and follow up
to find the source of the mineralisation from last year's drill
program and progress the analytical research previously undertaken
on this property.
Strike Drilling is conducting both drill programs and it has
conducted numerous other campaigns in the Paterson Range with great
success.
As previously announced, the Cottesloe Project contains a
basinal syncline of the Broadhurst Formation. This formation
consists of a package of carbonaceous shales and siltstones with
known pyritic horizons. The pyritic horizons have formed into
gossanous ironstones at the surface and these have returned
extensive base metal anomalism in the 0.1-1.1% Copper (Cu),
0.1-3.8% Lead (Pb), 0.1-0.4% Zinc (Zn), and 2-80g/t Silver (Ag)
ranges. Other anomalous elements include Barium (Ba), Manganese
(Mn), Cobalt (Co), Nickel (Ni), and Lead (Pb). Rotary Air Blast
("RAB") and Reverse Circulation ("RC") drilling in the keel of the
syncline has confirmed extensive anomalies in the oxidized zone.
Base metal anomalies with highest grades over 2 metre samples were
0.25% Copper (Cu), 4.6% Lead (Pb), 0.97% Zinc (Zn), 165g/t Silver
(Ag) and 0.26% Cobalt (Co) with anomalous zones extending up to 34m
as reported on the 17 July 2023.
Richard Poulden, Wishbone Gold's Chairman, commented: " We are
excited to begin the drill program on both Cottesloe and Red Setter
based on the extensive analysis of both properties. We believe we
have the possibility of a major resource and look forward to
proving it up."
The Cottesloe Project:
As previously reported on 3 March 2021, the Cottesloe Project is
located around 55 km south of Newcrest's Telfer Gold Mine and about
35 km south-east of Wishbone's Red Setter Project in the Paterson
Range province of Western Australia. The Project consists of three
tenements totalling 50 blocks covering an area of 165km(2) and is
considered highly prospective for precious and base metals.
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
SP Angel Corporate Finance LLP
(Broker)
Ewan Leggat / Kasia Brzozowska Tel: +44 20 3470 0470
J&H Communications Ltd
(Financial PR)
George Hudson Tel: +44 7803 603130
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