Business
Exploration Plans for the Red Setter Project
Exploration Plans for the Red Setter Project.
About this update from Wishbone Gold Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3964F\n Wishbone Gold PLC\n 16 November 2020\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 \n https://wishbonegold.com/images/2020/11/WSBN_RNS_Exploration_Plans_for_the_Red_Setter_\n \n Project_nb6e201116.pdf\n \n \n \n \n \n \n 16 November 2020\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 EXPLORATION PLANS FOR THE RED SETTER PROJECT IN THE \n \n \n PATERSONS RANGES IN WESTERN AUSTRALIA \n \n \n Wishbone Gold Plc (AIM: WSBN), the London listed precious metals trading and exploration company, advises that main licence recently acquired in Western Australia has now been named the Red Setter Project, and the Company's Australian consultants, Terra Search Pty Ltd, have been commissioned to commence an exploration programme on the high priority magnetic targets recently identified by Terra Resources, as previously announced. \n \n \n \n \n \n The first phase of exploration will comprise:\n \n \n · \n A close spaced arial magnetic survey over the entire area of the largest tenement in the suite of recently acquired tenements. \n \n \n · \n A selective Mobile Metal Ion (\"MMI\") geochemical sampling programme over the key target zones.\n \n \n · \n The Company plans to implement this initial work programme over the coming months.\n \n \n \n \n \n Exploration efforts will focus on the 57.4km2 tenement EL 45/5297 (now referred to as the \"Red Setter Project\" or \"Red Setter\"), which comprises a major part of the 67km2 tenement package recently acquired by Wishbone. The 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 Richard Poulden, Wishbone Gold's Chairman, commented, \n \n \n \n \n \n \"Wishbone advises that it intends to initiate exploration efforts on our new Red Sette...