Breccia Pipe Intersected at Red Setter Project
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
18 August 2025
Wishbone Gold Plc
("Wishbone" or the "Company")
London AIM & Aquis: WSBN
Significant Breccia Pipe Intersected at Red Setter Gold Project in Western Australia
Over 130 metres of Breccia with Sulphides Intersected from 570 metres
Wishbone Gold Plc is pleased to announce that drilling at the Company's Red Setter Gold Dome Project, located 15km South West of Greatland Gold Plc's (AIM and ASX: GGP) Telfer gold mine in Western Australia (Figure 1), has drilled into the top of a significant breccia pipe with its first hole of this drill program (Figures 2-8). Zones of quartz-carbonate veining and sulphides of chalcopyrite and pyrite were observed from 520m, with increasing intensity towards ~570m. Variable intensity of brecciation has been observed over an interval of more than 130m from ~570m, to current depth of ~700m with drilling still continuing as of this release.
The drill plan for this hole (hole number 25RSDD001) is to now continue down to total depth of ~750m, and then potentially drill deeper later on in this program, when additional drill pipe is mobilised to site by the drilling contractor.
Transport of the core to Perth to be cut and assayed will now be expedited.
As announced on 25 April 2025 the Mobile MT domal target interpreted by Expert Geophysics Limited (EGL), showed the original top of target depth at around 550m.
On completion of the current drill hole, a step out hole will be collared from surface to the south-west of the current hole aimed at assessing the lateral extent of this breccia zone. The step out drill hole will be targeting around 50m to 75m distance from the current down hole position at a depth of 550m.
Ed Mead, Wishbone Gold WA director, commented: "It is outstanding to see the emergence of this mineralised breccia pipe and see the intensity of brecciation and the amount of quartz-carbonate veining and sulphides. This is a fantastic outcome as brecciation typifies a style of gold and copper mineralisation seen at both the nearby Telfer and Havieron deposits. Transportation of the core to Perth to be cut and assayed is a priority. We look forward to updating shareholders as we further test this exciting target."
Figure 1: WSBN Exploration Tenement applications immediately surrounding the Telfer Mine.
Figure 2: Breccia started at ~570 metre with chalcopyrite and pyrite sulphides, Core from ~575-579m.
Figure 3: Breccia with chalcopyrite and pyrite sulphides from ~605-610m.
Figure 4: Breccia including chalcopyrite and pyrite sulphides at around 619-623m
Figure 5: Breccia including chalcopyrite and pyrite sulphides at around 627-632m.
Figure 6: Breccia including chalcopyrite and pyrite sulphides at around 642-646m.
Figure 7: Quartz carbonate veining, breccia including chalcopyrite and pyrite sulphides at around 690-700m.
Figure 8: Selection of Breccia core intercepts from 570m to 650m.
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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