Expansion of drill program at Red Setter
Summary by AI BETAClose X
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
6 October 2025
Wishbone Gold Plc
("Wishbone" or the "Company")
London AIM & Aquis: WSBN
Expansion of drill program at Red Setter Gold Dome Project
in Western Australia
Reverse Circulation to start third week of October
Wishbone Gold Plc is pleased to announce that, as part of the exploration expansion being funded by the recent £4 million raise, a second drill rig from Core Drilling Services ("Core") has been secured for the Company's Red Setter Gold Dome Project, in Western Australia (Figure 2).
The Reverse Circulation ("RC") drill rig will complement the diamond drill rig Core have on site. With its pre-collars which are able to generate more target angles and additional water bores which will supply water for double shift diamond drilling, this now gives Wishbone the ability to target shallower copper gold potential intercepts.
The RC rig has been contracted for an initial 5,000m of drilling. The Schramm T685i (DR21) is a high-capacity, truck-mounted RC rig with 35 tonne pullback, 45°-90° mast, and hands-free rod handling. Capable of drilling to 700m+, it delivers safe, efficient, and reliable RC samples in challenging ground (Figure 1).
Ed Mead, Wishbone Gold WA director, commented: "The addition of this large Reverse Circulation drill rig will speed up getting to target on future drill holes at Red Setter as the diamond drill rig will now not have to core through the overburden which is a very time consuming component of the current deep diamond drilling program. Having both drill rigs on site will also create efficiencies for Core's provision of drilling services at Red Setter and will thus be an integral part of the overall expanded drilling programme we intend to undertake with the recent additional raise. The RC rig will be tasked with pre collars for diamond tail, water bores and following up on the extensive shallower gold mineralisation reported during the 2023 drill programs, where gold and copper mineralisation was intersected at depths starting from 117m down-hole. I look forward to presenting further updates on progress shortly. Drilling continues in the current #25RSDD001 diamond hole and we are able to drill the current hole to a depth of around 1,000m if needed."
Figure 1: Core Drilling Schramm T685i (DR21), and support equipment for the Red Setter project
Figure 2: WSBN Red Setter Project (Red) and Exploration Tenement applications (Blue) immediately surrounding the Telfer Mine.
END
For more information on Wishbone, please visit the Company's website.
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 |
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
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 Fellow of the Australasian Institute of Mining and Metallurgy. Mr Mead is a director of Wishbone Gold WA Pty Ltd and is a consultant to Wishbone Gold Plc 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.
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