Wishbone Gold PLC Diamond Drilling Underway at Cottesloe (8009S)

TIDMWSBN

RNS Number : 8009S

Wishbone Gold PLC

08 November 2023

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

8(th) November 2023

Wishbone Gold Plc

("Wishbone" or the "Company")

Diamond Drilling Underway at Cottesloe

Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce that diamond drilling has started at its Cottesloe tenement. Support trucks and camp have been set up and drilling has commenced. (Figure 1 and 2)

Figure 1 - Diamond Rig at Cottesloe

As reported on the 17(th) July 2023, the Cottesloe Project contains a basinal syncline of the Broadhurst Formation. This formation consists of a package of carbonaceous shales and siltstones with known pyritic horizons. The pyritic horizons have formed into gossanous ironstones at the surface and these have returned extensive base metal anomalism in the 0.1-1.1% Copper (Cu), 0.1-3.8% Lead (Pb), 0.1-0.4% Zinc (Zn), and 2-80 g/t Silver (Ag) ranges. Other anomalous elements include Barium (Br), Manganese (Mn), Cobalt (Co), and Nickel (Ni). Rotary Air Blast ("RAB") and Reverse Circulation ("RC") drilling in the keel of the syncline has confirmed extensive anomalies in the oxidized zone. Base metal anomalies with highest grades over 2 metre samples were 0.25% Copper (Cu), 4.6% Lead (Pb), 0.97% Zinc (Zn), 165 g/t Silver (Ag) and 0.26% Cobalt (Co) with anomalous zones extending up to 34 metres.

Figure 2 - Diamond Rig at Cottesloe

Richard Poulden, Wishbone Gold's Chairman, commented: "We are excited that the diamond drilling program has commenced at Cottesloe and we are eager to see the assay results. Cottesloe is a great project with a lot of potential given its geological setting."

The Cottesloe Project:

As previously reported on 3(rd) March 2021, the Cottesloe Project is located around 55 km south of Newcrest's Telfer Gold Mine and about 35 km south-east of Wishbone's Red Setter Project in the Paterson Range province of Western Australia. The Project consists of is three tenements totalling 50 blocks covering an area of 165km(2) and is considered highly prospective for precious and base metals.

For more information on Wishbone, please visit the Company's website.

www.wishbonegold.com .

END

For further information, please contact:

 
 Wishbone Gold PLC 
 Richard Poulden, Chairman               Tel: [phone] 
 
 Beaumont Cornish Limited 
 (Nominated Adviser and AQUIS Exchange 
  Corporate Adviser) 
 Roland Cornish/Rosalind Hill Abrahams   Tel: [phone] 
 
 SP Angel Corporate Finance LLP 
 (Broker) 
 Ewan Leggat / Kasia Brzozowska          Tel: [phone] 
 
 Soho Communications Ltd 
 (Financial PR) 
 George Hudson                           Tel: [phone] 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDBVLFBXFLLFBK

(END) Dow Jones Newswires

November 08, 2023 05:31 ET (10:31 GMT)