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Share Name Share Symbol Market Type Share ISIN Share Description
Wishbone Gold Plc LSE:WSBN London Ordinary Share GI000A2PX455 ORD 0.1P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.15 -1.38% 10.75 10.50 11.00 10.75 10.625 10.625 75,629 08:41:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 6.1 -0.7 -0.1 - 19

Wishbone Gold PLC Drilling Approved for Cottesloe Project

04/06/2021 11:31am

UK Regulatory (RNS & others)


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RNS Number : 8998A

Wishbone Gold PLC

04 June 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 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR")

Please click the following link to view the figures and illustrations included in the below announcement:

https://wishbonegold.com/images/2021/06/WSBN_RNS_210604_Drilling_Approved_for_Cottesloe_Project_la7d.pdf

4 June 2021

Wishbone Gold Plc

("Wishbone" or the "Company")

Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN

Drilling Approved for Cottesloe Silver / Base Metals Project

92km(2) Cottesloe Project - 35 km south-east of Wishbone's Red Setter Project in the Patersons Range province of Western Australia

Wishbone Gold Plc today announces that its initial Program of Works ("POW") for its Cottesloe Silver Project has been approved by the Western Australian Government's Department of Mines, Industry Regulation and Safety ("DMIRS"). This POW provides for the drilling of 20 reverse circulation drill holes to depths of 250 metres that are designed to test for potential precious and base metals mineralisation on multiple targets previous identified from historic exploration.

Richard Poulden, Wishbone Gold's Chairman, commented,

"We see the potential for Cottesloe to host both precious metals and base metals based on historic exploration work. As Cottesloe is very close to Red Setter, the Company's exploration consultants Terra Search will run Cottesloe's exploration concurrently with our work at Red Setter and service the exploration efforts from the Telfer based camp."

The Cottesloe Project:

As previously reported on 3 March 2021, the Cottesloe Project is located around 55 km south of Newcrest Mining's Telfer Gold Mine and about 35 km south-east of Wishbone's Red Setter Project in the Patersons Range province of Western Australia. Cottesloe consists of one granted exploration license E45/4543 and is considered highly prospective for precious and base metals.

Historic Exploration Highlights:

   --    Mineralisation trends interpreted to be over a 12km strike 
   --    Rock chip geochemical sampling results reported up to 298g/t Ag 
   --    Multiple significant drilling results including: 

o SCR225: 5m at 102g/t Ag from 14m

-- Including: 2m at 165g/t Ag

o SCR247: 2m at 73g/t Ag & 4.6% Pb from 8m

o EWP-2: 22m at 42.7g/t Ag from 8m

-- Including 8m at 72.13g/t Ag from 22m

o EWP-3: 18m at 29.3g/t Ag from 6m

o EWP-7: 20m at 35.9g/t Ag from 2m

-- Including 2m at 100g/t Ag from 8m & 4m at 69g/t Ag from 16m

o EWP-11: 4m at 41.25g/t Ag from 14m & 10m at 41.6 g/t Ag from 24m

o EWP-12: 8m at 58.37g/t Ag from 20m

o EWP-24: 8m at 54.87g/t Ag from 40m

Further details on the prospectivity of these tenements and the future exploration plans will be advised to the market in due course.

Figure 1 : Cottesloe Project Location Plan - Patersons Range Western Australia (see PDF link above to view)

END

For further information, please contact:

 
 Wishbone Gold PLC 
 Richard Poulden, Chairman               Tel: +44 7551 863 
                                          830 
 
 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 
 

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 rns@lseg.com or visit www.rns.com.

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END

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June 04, 2021 06:31 ET (10:31 GMT)

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