Heritage Survey at Red Setter Project Completed
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
Please click the following link to view the figures and illustrations included in the below announcement:
19th May 2022
Wishbone Gold Plc
("Wishbone" or the "Company")
Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN
Heritage Survey Over Additional Targets at Red Setter Project Completed
Patersons Range, Western Australia
Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce that a heritage survey has been completed at the Company's Red Setter Gold-Copper Project located 13 km south-west of the Telfer Gold Mine, in the Patersons Range of Western Australia. The survey did not identify any heritage sites at Red Setter. The additional surveys have increased access to peripheral targets beyond those already cleared, where drilling will start in the next few weeks. The heritage survey team has now moved down to the Cottesloe Project located 55 km south-southwest of the Telfer Gold Mine.
The Company's Red Setter and Cottesloe Projects (Figure 1) are located 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 is for 3,000m at Red Setter, with the second phase of the contract for a further 7,000m of drilling split between WSBN's Red Setter Project which has heritage clearance, and the Company's Cottesloe Project to the south, subject to the ongoing heritage survey.
Richard Poulden, Wishbone Gold's Chairman, commented, "We are very pleased to have the heritage clearance at Red Setter completed for additional peripheral targets. This now gives the company increased capacity to drill further holes based on the success of the first phase of drilling. The drill rig is still on track to start drilling later this month and I look forward to the rig mobilising from Perth."
For more information on Wishbone, please visit the Company's website.
END
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 |
Figure 1: Red Setter and Cottesloe Project location plan - Patersons Range Western Australia - click link above to view
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