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Gold Targets Identified - Havieron/Telfer Project
Gold Targets Identified - Havieron/Telfer Project.
About this update from Wishbone Gold Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2086E\n Wishbone Gold PLC\n 04 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 \n https://wishbonegold.com/images/2020/11/WSBN_RNS_Gold_Targets_Identified_Havieron_Telfer_Project_bf2s201104.pdf\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 4 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 GOLD TARGETS IDENTIFIED - HAVIERON / TELFER PROJECT \n \n \n Wishbone Gold Plc (AIM: WSBN), the London listed precious metals trading and exploration company, advises that it's independent geological consultants in Australia, Terra Search Pty Ltd (\"Terra Search\"), have identified four magnetic targets of considerable size covering 2.4km by 400m on its Patersons Range Project in the Havieron and Telfer region of Western Australia. Significantly, these targets are much shallower than the Havieron discovery, with the top of the magnetic targets ranging from 150m to 250m below surface.\n \n \n \n \n \n In addition, Wishbone advises that it has now completed its legal and technical due diligence on the Patersons Range Project tenements and will now move to close the acquisition on the terms announced on 5th October 2020. \n \n \n \n \n \n Terra Search, who have considerable exploration experience in the nearby Havieron gold discovery, have concluded a technical review on the 57.4km2 tenement EL 45/5297, which comprises a major part of the 67km2 tenement package being acquired. EL 45/5297 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.\n \n \n \n \n \n Terra Search concluded:\n \n \n · \n Modelling of the available Government magnetics by independent geophysics consultants, Terra Resources, shows several north plunging magnetic bodies of equivalent susceptibility (possibly pyrrhotite alteration) to t...