Red Setter Gold Dome Project Exploration Update
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
17 October 2025
Wishbone Gold Plc
("Wishbone" or the "Company")
London AIM & Aquis: WSBN
Red Setter Gold Dome Project Exploration Update
Reverse Circulation to start 21 October
Wishbone Gold Plc is pleased to provide this update to shareholders on activities at the Company's Red Setter Gold Dome Project, located 20km South-West of Greatland Gold Plc's (AIM and ASX: GGP) Telfer gold mine in Western Australia (Figure 6).
Diamond drilling on hole 2 (25RSDD002) was completed at 950m and has now moved to a planned 500m deep drill hole (hole 3) located 1.6km north of holes 1 and 2. The core from hole 2 hit multiple zones of fracturing with pyrite (Figure 1-5). The core will be dispatched to Perth and ALS Laboratories shortly for cutting and assay.
Hole 3 (25RSDD003) is following up on previously drilled WRSDD0008 that intercepted 7m @ 2g/t gold and 0.38 copper from 273m.
As mentioned in the Company's last announcement, the Schramm T685i (DR21) Reverse Circulation ("RC") rig from Core Drilling Services (Core) will be mobilising to site this weekend and start drilling on 21st October.
The RC drill rig will complement the diamond drill rig Core have on site, with pre-collars generating more target angles into the Red Setter Dome, additional water bores to supply water for double shifting diamond drilling and targeting shallower copper gold intercepts from 117m reported in drilling from 2023 around the diorite dyke.
The RC rig has been contracted for an initial 5,000m of drilling.
Ed Mead, Wishbone Gold WA director, commented: "Diamond drilling is now on double shift and with the Reverse Circulation drill rig arriving this weekend we are ramping up activities to expedite exploration. I look forward to the results arriving soon from the first drill hole, and while we await these results, we have sent the diamond rig to nearby hole 3 to investigate past findings. I look forward to presenting further updates on progress shortly."
Figure 1: Pyrite vein at 850.75m
Figure 2: Fracturing of sediments with pyrite at 855.65m
Figure 3: Fracturing of sediments with pyrite at 856m
Figure 4: Fracturing of sediments with pyrite at 866 to 870m
Figure 5: Minor fracturing of sediments with pyrite at 943m to 950m EOH.
Figure 6: 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 |
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Cranborne Communications Ltd |
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George Hudson |
Tel: +44 (0)78 0360 3130 |
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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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