Business
Drilling underway at Red Setter
Drilling underway at Red Setter.
About this update from Wishbone Gold Plc
[{"type":"text","content":"\n\nThis 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\n \n \n20 September 2023\n \nWishbone Gold Plc\n(\"Wishbone\" or the \"Company\")\nWishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN\n \nDrilling underway at Red Setter\nPaterson Range, Western Australia\n \n \nWishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce that the drill rig and support trucks operated by Strike Drilling have arrived at its Red Setter project and that drilling is underway on the newly cleared heritage areas.\n \n\nImage 1: Drill rigs at Red Setter\n\nAs previously reported on the 13th December 2022, initial assay results have confirmed the geological observations of a broad hydrothermal system with gold and copper associated with quartz-carbonate-sulphide veins present within all lithology types, and often with breccia textures.\n \n\nImage 2: Drill rigs and support trucks at Red Setter\n \nFollowing the MT (\"magnetotellurics\") survey undertaken by Expert Geophysics in which they provided the opinion that Red Setter was an analogue of Telfer, the Company changed the exploration program. It now reflects the facts it is looking for broad spreads of mineralisation rather than single high grade bulls eyes. (image 3)\n \nAs previously reported on 16th March 2023, Southern Geoscience Consultants and Expert Geophysics have identified two target areas, MMT - R1 and MMT - R2. At this stage of first phase interpretation efforts the focus has been on the primary MobileMT targets in close proximity to the main Red Setter known mineralised zone and magnetic target, and also those targets that are at a relatively shallow depth (<500m), and adjacent to accessible locations which have been cleared by Aboriginal Heritage. (image 4)\n\n\nImage 3: shows a combined picture of Red Setter and Telfer on close to the same scale.\n \n\nImage 4: MMT Interpretation / Two Primary Targets - MMT_R1 and MMT_R2 with AMAG/Gravity/MMT Isosurfaces, AMAG TMI1VD Imagery and Existing Drillhole Collars\n\nThe Red Setter Project is situate...