Drilling Contract Signed for Red Setter Project
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.
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For further information, please contact:
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Wishbone Gold PLC |
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Richard Poulden, Chairman |
Tel: +971 4 584 6284 |
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Beaumont Cornish Limited |
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(Nominated Adviser and AQUIS Exchange Corporate Adviser) |
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Roland Cornish/Rosalind Hill Abrahams |
Tel: +44 20 7628 3396 |
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Peterhouse Capital Limited |
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(Broker) |
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Lucy Williams and Duncan Vasey |
Tel: +44 20 7469 0930 |
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