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Aerial Magnetic Survey in Red Setter Project
Aerial Magnetic Survey in Red Setter Project.
About this update from Wishbone Gold Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9478K\n Wishbone Gold PLC\n 07 January 2021\n \n \n \n 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\")\n \n \n \n \n \n \n \n Please click the following link to view the figures and illustrations included in the below announcement:\n \n \n https://wishbonegold.com/images/2021/01/WSBN_RNS_Red_Setter_AirMag_Survey_01jm210107.pdf\n \n \n \n \n \n \n \n \n \n \n \n 7 January 2021\n \n \n \n \n \n Wishbone Gold Plc\n \n \n (\"Wishbone\" or the \"Company\")\n \n \n Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN\n \n \n \n \n \n HIGH RESOULTION AERIAL MAGNETIC AND RADIOMETRIC SURVEY \n \n \n RED SETTER PROJECT\n \n \n PATERSON RANGES IN WESTERN AUSTRALIA \n \n \n 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. \n \n \n \n \n \n The 57.4 km2 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.\n \n \n \n \n \n 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. \n The survey will cover a total of 666 line km. The overflight will be completed in the next two weeks and analysis will be available during the first quarter of 2021.\n \n \n \n \n \n Previous Government magnetics over Red Setter were on wide line spacings. The MAGSPEC programme is designed to provide a significantly higher resolution survey over the project area. \n \n \n \n \n \n Richard Poulden, Wishbone Gold's Chairman, commented, \n \n \n \n \n \n \"The previous magnetic surveys and interpretation over Red Setter, which identified an untested 2,400m long by 400m wide set of magnetic targets at depths starting at only 150m in depth, were on a regional spacing. This new flight programme is ...