Wishbone Gold PLC WSBN's filing for Drilling Programme at Red Setter (3723W)
23 Abril 2021 - 1:00AM
UK Regulatory
TIDMWSBN
RNS Number : 3723W
Wishbone Gold PLC
23 April 2021
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ("MAR")
23 April 2021
Wishbone Gold Plc
("Wishbone" or the "Company")
Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources
/ AQSE: WSBN
Wishbone Announces filing for Drilling Programme at Red
Setter
Patersons Range, Western Australia
Highlights:
-- Wishbone has filed its drilling programme for the targets
identified on its Red Setter Project in the Pilbara region of
Western Australia.
-- Red Setter is located 13 km south-west of Newcrest Mining's
Telfer Gold-Copper project with all its associated access and
infrastructure
-- The Programme of Works filed with the Western Australian
Government for up to 100 drill holes to depths of 300 metres over a
4 year period.
-- Designed to test for potential gold and copper mineralisation
on multiple magnetic targets identified over a 3km x 1km area.
-- Depth of cover to targets is estimated to be less than 100m.
London listed Wishbone Gold Plc is pleased to advise that a
Programme of Works ("POW") has now been formally submitted by our
consultants Terra Search Pty Ltd to the Western Australian
Government's Department of Mines, Industry Regulation and Safety
("DMIRS") for up to 100 drill holes to depths of 300 metres for a
total of up to 30,000 metre of drilling over a 48 month period.
Wishbone has worked with Terra Search for many years on all its
Australian assets. In this particular region Terra Search have
worked on nearby projects with Newcrest Mining on the Telfer
project and also with Geatland Gold on the Havieron project. They
thus bring a high level of regional knowledge to the work on Red
Setter in addition to their overall exploration expertise.
The drilling is targeting multiple highly prospective magnetic
targets spanning an area covering a 3km x 1km area. Please refer to
the RNS dated 18 February 2021 for full details on these
targets.
In addition to the government filings on the drilling program
Wishbone has a policy of ensuring that all Aboriginal sacred and
historic sites are treated with proper respect and care. There are
no known such sites on the Red Setter prospect but proper care will
be taken in regard to any artefacts which may be found during
exploration.
Further announcements regarding the timing and scale of the
drilling programme including confirmation that all approvals and
permits are in place will be made in due course.
Richard Poulden, Wishbone Gold's Chairman, commented, "The
submission of the Programme of Works to the DMIRS is an important
step forward to start our maiden drilling programme at Red Setter.
The prospectivity of Red Setter for gold and copper was greatly
improved with our recently flown high-resolution magnetic survey,
as the strength and size of the magnetic targets far exceeded our
original expectations in terms of understanding of the gold/copper
target's geometry and prospectivity. Further updates will be
provided to the market as we move closer to the commencement of the
drills turning."
END
For further information, please contact:
Wishbone Gold PLC
Richard Poulden, Chairman Tel: +44 7551 863830
Beaumont Cornish Limited
(Nominated Adviser and AQUIS Exchange
Corporate Adviser)
Roland Cornish/Rosalind Hill Abrahams Tel: +44 20 7628
3396
Peterhouse Capital Limited
(Broker)
Lucy Williams and Duncan Vasey Tel: +44 20 7469
0930
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END
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