· 3D inversion of the Red Setter ultra-detailed magnetics has delineated 3 highly magnetic bodies over an expanded area now covering 3km x 1km. · Largest individual priority 1 magnetic target has a 1500m strike length with a width of 400m and starts at around 75m from surface. · Magnetic survey reveals that all magnetic targets are much shallower than 150m-250m depth previously modelled. · The relatively shallower target depth is strongly advantageous both from an exploration and future development potential perspective. · The Red Setter Project is located 13km south-west of Newcrest Mining s Telfer Gold-Copper Mine and 60km west of Newcrest and Greatland Gold s Havieron discovery.
RED SETTER PROJECT PATERSON RANGES IN WESTERN AUSTRALIA Wishbone Gold Plc (AIM: WSBN), the London listed precious metals trading and exploration company, advises that it has contracted a detailed and close spaced high resolution aerial magnetic and radiometric survey on its Red Setter Project, in the Paterson Ranges in Western Australia. The 57.4 km
2 Red Setter Project is located only 13 km south-west of Newcrest Mining s Telfer Gold Mine and about 60 km west of Newcrest and Greatland Gold s Havieron discovery. Refer to Figure 1 for location map. MAGSPEC Airborne Surveys Pty Ltd, which specialises in high resolution, ultra-detailed and regional airborne geophysical surveys, will fly the entire tenement area on 100 metre line spacings.