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Drilling update for Cottesloe Project
Drilling update for Cottesloe Project.
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 \n18th September 2023\n \nWishbone Gold Plc\n(\"Wishbone\" or the \"Company\")\nWishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN\n \nDrilling update for Cottesloe Project\n \nConfirmation of Sediment Hosted Base Metal Mineralised System\n \nWishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce an update on the findings of the first phase of the drilling program comprising five reverse circulation holes which has taken place at Cottesloe in recent weeks. The drill results reinforce those announced by the company in May, namely that Cottesloe has significant mineralisation potential and is considered highly prospective for precious and base metals.\n \nThe 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 Paterson Range province of Western Australia.\n \nRichard Poulden, Wishbone Gold's Chairman, commented: \"It is great news to have the first stage of the drilling program completed at Cottesloe which has highlighted again the significant mineralisation potential of this asset. The imminent diamond drilling work, part funded by the Western Australian Government, should also reveal the scale of Cottesloe and the merit of the exploration model.\"\n \nHighlights from the Program:\n· Basin stratigraphy has been confirmed to be highly suitable for sediment hosted base metal mineralisation similar to that at nearby Cyprium Metals Nifty (Cu) and Maroochydore (Cu-Co) mines and also the Mt Isa style (Zn-Pb-Ag) deposits.\n· Large sulphidic and pyritic shale zones encountered with widths over 70m\n· Initial onsite XRF (X-ray fluorescence spectroscopy) results show elevated Cu (copper), Pb (lead), Zn (zinc), Co (cobalt), Ni (nickel), K (potassium), V (vanadium), Ti (titanium) present in RC drill chips\n· Highly encouraging thick sulphide zone in hole 23CTRC0001 confirms th...