Wide Gold & Copper Zones Identified 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
20 October 2026
Wishbone Gold Plc
("Wishbone" or the "Company")
London AIM & Aquis: WSBN
Wide Gold and Copper Zones Identified at Red Setter
Wishbone Gold Plc is pleased to announce that the latest assay results of the on-going drill programme at its Red Setter project have identified wide zones of gold and copper mineralisation. These are important results and materially support the Company's view that there is significant mineralisation at shallower depths at Red Setter.
Red Setter is located 20km south-west of Greatland Resources Ltd (AIM and ASX: GGP) Telfer gold mine, and 50km east of Cyprium Metals Ltd's (ASX: CYM) Nifty copper mine.
Red Setter is one of multiple gold and copper targets that Wishbone has within its 628km2 tenement package (including the recently registered Havieron South-East E 45/7348 application tenement which covers 118 km2) that lies within a c.45 km radius of the Telfer mine (see Figure 1).
Noteworthy recent assay results received from Red Setter (see Figure 5) include:
· 14.4m @ 0.81 g/t Au following on from 4m @ 1.3g/t Au
· 11.6m @ 0.70 g/t Au with 4.6m @ 1.31 g/t Au
· 9.5m @ 0.77 g/t Au with 3.5m @ 1.27g/t Au
· 7m @ 2.0 g/t Au
· 12m @ 0.15% Cu
· 3m @ 0.51% Cu within a wider 7m @ 0.26% Cu
Wishbone recognises that the publication of these results has taken longer than expected with the main reason for the delay caused by the volume of core being processed, commercial geochemistry laboratory backlogs, and the multi-step processing and rigorous quality control requirements of the assay testing process. There is a large backlog of exploration results to come through and the Company expects more findings to made known in the coming weeks though multi-element assays (which also include the copper assays) are expected back more slowly - these results are key when looking at combined gold and copper intercepts (See Figure 5). For the 2026 drill campaign to date over 11,317 metres of samples have been dispatched for assay testing.
As mentioned in the announcement on 22 June 2026, Wishbone initially designed a 25 hole reverse circulation (RC) and diamond drilling programme of approximately 9,000 metres to follow up on the encouraging 2025 assay results and to test extensions of the mineralised system. Following the shallow gold discovery the programme was extended and modified to target this gold.
In the 2026 drill campaign to date, Wishbone has drilled 40 holes for 12,606 metres, covering 5,109 metres of RC and 7,497 metres of diamond drilling. The team at Red Setter has made significant progress (See Table 1 in Appendix) with drill metre rates averaging 52m per day for diamond drilling, based off a decision to utilise RC for pre-collars, followed by diamond core tails, targeting depths of up to 650 metres. Thus far 35 RC holes as pre-collars for the diamond drilling have been completed, and gold assays have been returned for the first 15 RC holes and 12 diamond tails (see Table 2 for previously announced significant RC gold intercepts and Table 3 for new RC and diamond drilling intercepts and Table 4 for new copper intercepts).
Ed Mead, Wishbone Gold WA director, commented:
"The potential of Red Setter is really starting to come together. These significant gold and copper findings underscore our view that there is significant mineralisation at shallower depths at Red Setter. The results are even more relevant when you consider that Telfer's current production grades are significantly lower than the drilling results we have announced. For comparison purposes, Telfer processed 5.19Mt at a head grade of 0.53 g/t gold and 0.08% Cu in its June 2026 quarter[1], meaning several of our Red Setter intercepts already grade well above Telfer's current plant feed. We still have a very large backlog of exploration results to work through, as we continue to advance what is proving to be a very exciting project."
Figure 1: WSBN Red Setter Project (Red) and Exploration Tenement applications (Blue) immediately surrounding the Telfer Mine, with new access road application to Nifty Copper Mine
Figure 2: Red Setter map of drilling results
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)7803 603130 |
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.
Appendix 1:
Table 1: Current status of the drill program
|
State of program |
Completed |
Backlog/Pending |
|
RC drilled |
5109m |
0 |
|
RC logged |
5109m |
0 |
|
RC sampled |
5109m |
0 |
|
RC dispatched |
5079m |
30 |
|
RC fire assay |
2363m |
2716m |
|
RC multielement |
0m |
2100m |
|
|
|
|
|
Diamond drilling |
7497m |
|
|
Diamond logged |
7397m |
99m |
|
Diamond core cut |
6710m |
688m |
|
Diamond core pending dispatch |
|
1159m |
|
Diamond dispatched for assay |
6238m |
472m |
|
Diamond fire assay received |
5872m |
366m |
|
Diamond Multi Element assays |
3312m |
2926m |
Table 2: Previously Announced significant drill Intercepts from Reverse Circulation drilling at Red Setter. Refer Figure 2 for location of drill holes
|
Hole ID |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Significant Intersection |
|
26RSRD001 |
77 |
78 |
1 |
0.23 |
1m @ 0.23g/t Au from 77m |
|
26RSRD001 |
120 |
122 |
2 |
0.25 |
2m @ 0.25g/t Au from 120m |
|
26RSRD003 |
45 |
48 |
3 |
0.65 |
3m @ 0.65g/t Au from 45m |
|
26RSRD003 |
56 |
60 |
4 |
0.3 |
4m @ 0.3g/t Au from 56m |
|
26RSRD003 |
139 |
150.6 |
11.6 |
0.70 |
11.6m @ 0.70g/t Au from 139m |
|
Inc. |
146 |
150.6 |
4.6 |
1.31 |
4.6m @ 1.31g/t Au from 146m to 150m (EOH) |
|
26RSRD005 |
93 |
94 |
1 |
0.54 |
1m @ 0.54g/t Au from 93m |
|
26RSRD005 |
123 |
127 |
4 |
0.21 |
4m @ 0.21g/t Au from 123m |
|
26RSRD005 |
134 |
135 |
1 |
0.22 |
1m @ 0.22g/t Au from 134m |
|
26RSRD006 |
93 |
94 |
1 |
0.38 |
1m @ 0.38g/t Au from 93m |
|
26RSRD006 |
101 |
105 |
4 |
1.29 |
4m @ 1.29g/t Au from 101m |
|
26RSRD006 |
124 |
125 |
1 |
0.22 |
1m @ 0.22g/t Au from 124m |
Table 3: Significant Gold drill Intercepts from Reverse Circulation and Diamond drilling at Red Setter. Refer Figure 2 for location of drill holes
|
Hole ID |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Significant Intersection |
|
26RSRD001 |
157 |
158 |
1 |
0.21 |
1m @ 0.21 g/t Au from 157m |
|
26RSRD001 |
162 |
163 |
1 |
0.62 |
1m @ 0.62 g/t Au from 162m |
|
26RSRD004 |
292 |
301.5 |
9.5 |
0.77 |
9.5m @ 0.77 g/t Au from 292m |
|
Inc. |
298 |
301.5 |
3.5 |
1.27 |
3.5m @ 1.27 g/t Au from 298m |
|
26RSRD005 |
250.6 |
251 |
0.4 |
0.26 |
0.4m @ 0.26g/t Au from 250.6m |
|
26RSRD005 |
274 |
275 |
1 |
0.37 |
1m @ 0.37g/t Au from 274m |
|
26RSRD005 |
293.1 |
294 |
0.9 |
0.47 |
0.9m @ 0.47g/t Au from 293.1m |
|
26RSRD007 |
227 |
228 |
1 |
0.46 |
1m @ 0.46 g/t Au from 227m |
|
26RSRD007 |
309.6 |
324 |
14.4 |
0.81 |
14.4m @ 0.81 g/t Au from 309.6m |
|
Inc. |
321 |
324 |
3 |
1.3 |
3m @ 1.3 g/t Au from 321m |
|
26RSRD007 |
326 |
330 |
4 |
0.21 |
4m @ 0.21 g/t Au from 326m |
|
26RSRD007 |
455 |
456 |
1 |
0.34 |
1m @ 0.34 g/t Au from 455m |
|
26RSRD008 |
173 |
174 |
1 |
1.22 |
1m @ 1.22 g/t Au from 173m |
|
26RSRD008 |
178 |
179 |
1 |
0.5 |
1m @ 0.5 g/t Au from 178m |
|
26RSRD008 |
207 |
208 |
1 |
0.45 |
1m @ 0.45 g/t Au from 207m |
|
26RSRD008 |
212 |
213 |
1 |
0.82 |
1m @ 0.82 g/t Au from 212m |
|
26RSRD008 |
218 |
219 |
1 |
0.24 |
1m @ 0.24 g/t Au from 218m |
|
26RSRD008 |
306 |
307 |
1 |
1.98 |
1m @ 1.98 g/t Au from 306m |
|
26RSRD008 |
316 |
317 |
1 |
0.23 |
1m @ 0.23 g/t Au from 316m |
|
26RSRD009 |
174.85 |
180 |
5.15 |
0.16 |
5.15m @ 0.16 g/t Au from 174.85m |
|
26RSRD009 |
203 |
204 |
1 |
0.21 |
1m @ 0.21 g/t Au from 203m |
|
26RSRD009 |
237 |
238 |
1 |
0.34 |
1m @ 0.34 g/t Au from 237m |
|
26RSRD010 |
118 |
119 |
1 |
0.21 |
1m @ 0.21 g/t Au from 118m |
|
26RSRD013 |
128 |
130 |
2 |
0.34 |
2m @ 0.34g/t Au from 128m |
|
26RSRD014 |
137 |
138 |
1 |
0.52 |
1m @ 0.52 g/t Au from 137m |
|
26RSRD022 |
90 |
92 |
2 |
0.3 |
2m @ 0.3 g/t Au from 90m |
|
26RSRD025 |
244.2 |
246.1 |
1.9 |
1.19 |
1.9m @ 1.19 g/t Au From 244.2m |
|
26RSRD025 |
250 |
250.8 |
0.8 |
0.21 |
0.8m @ 0.21 g/t Au from 250m |
|
26RSRD025 |
253.4 |
255.1 |
1.7 |
0.36 |
1.7m @ 0.36 g/t Au from 253.4m |
|
26RSRD025 |
260.9 |
263 |
2.1 |
0.32 |
2.1m @ 0.32 g/t Au from 260.9m |
|
26RSRD025 |
277 |
278 |
1 |
0.21 |
1m @ 0.22 g/t Au from 277m |
Table 4: Significant Copper drill Intercepts from Reverse Circulation and Diamond drilling at Red Setter. Refer Figure 2 for location of drill holes
|
Hole ID |
From (m) |
To (m) |
Length (m) |
Cu (percent) |
Significant Intersection |
|
26RSRD002 |
73 |
85 |
12 |
0.15 |
12m @ 0.15% Cu from 73m |
|
Inc. |
82 |
83 |
1 |
0.53 |
1m @ 0.53% Cu from 82m |
|
26RSRD003 |
56 |
60 |
4 |
0.21 |
4m @ 0.21% Cu from 56m |
|
26RSRD005 |
93 |
100 |
7 |
0.26 |
7m @ 0.26% Cu from 93m |
|
Inc. |
93 |
96 |
3 |
0.51 |
3m @ 0.51% Cu from 93m |
|
26RSRD005 |
123 |
127 |
4 |
0.24 |
4m @ 0.24% Cu from 123m |
|
Inc. |
124 |
125 |
1 |
0.53 |
1m @ 0.53% Cu from 124m |
|
26RSRD006 |
101 |
102 |
1 |
0.26 |
1m @ 0.26% Cu from 101m |
|
26RSRD008 |
194 |
196 |
2 |
0.44 |
2m @ 0.44% Cu from 194m |
|
26RSRD008 |
198 |
199 |
1 |
0.31 |
1m @ 0.31% Cu from 198m |
|
26RSRD008 |
218 |
219 |
1 |
0.28 |
1m @ 0.28% Cu from 218m |
|
26RSRD009 |
87 |
90 |
3 |
0.230 |
3m @ 0.23% Cu from 87m |
|
26RSRD009 |
126 |
129 |
3 |
0.29 |
3m @ 0.29% Cu from 126m |
|
26RSRD009 |
174.85 |
180 |
5.15 |
0.17 |
5.15m @ 0.17% Cu from 174.85m |
|
26RSRD009 |
237 |
239 |
2 |
0.23 |
2m @ 0.23% Cu from 237m |
|
26RSRD011 |
91 |
92 |
1 |
0.20 |
1m @ 0.20% Cu from 91m |
|
26RSRD013 |
128 |
131 |
3 |
0.61 |
3m @ 0.61% Cu from 128m |
|
Inc. |
129 |
130 |
1 |
1.53 |
1m @ 1.53% Cu from 129m |
Figure 3: Collar plan for Red Setter
Figure 4: Red Setter drill section
Figure 5: Red Setter drill section
[1] Greatland Resources Limited June 2026 Quarterly Report dated 29 July 2026
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