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Wishbone Gold PLC (AIM:WSBN) | RNS | Wishbone Gold PLC - Red Setter Exploration Update and Equity Raise


 
Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), today announces that its Program of Works ( POW ) for Red Setter has been approved by the Western Australian Government s Department of Mines, Industry Regulation and Safety ( DMIRS ). This includes the drilling program outlined in an earlier RNS for up to 100 drill holes to depths of 300 metres that are designed to test for potential gold and copper mineralisation on multiple magnetic targets identified on the Red Setter Project over a 3km
2 area.
Ground analysis will commence forthwith in order to refine the locations of first drill targets. We anticipate being able to announce the commencement of drilling shortly. ....

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Investegate |Wishbone Gold PLC Announcements | Wishbone Gold PLC: New Gold Targets Defined at Red Setter Project


 
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3D inversion of the Red Setter ultra-detailed magnetics has delineated 3 highly magnetic bodies over an expanded area now covering 3km x 1km.
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Largest individual priority 1 magnetic target has a 1500m strike length with a width of 400m and starts at around 75m from surface.
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Magnetic survey reveals that all magnetic targets are much shallower than 150m-250m depth previously modelled.
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The relatively shallower target depth is strongly advantageous both from an exploration and future development potential perspective.
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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. ....

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Investegate |Wishbone Gold PLC Announcements | Wishbone Gold PLC: Red Setter Aerial Magnetic Survey Update


A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
1. Obtains access to the information in a personal capacity;
2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so; ....

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