Business
MobileMT Enhanced Processing Results at Cottesloe
MobileMT Enhanced Processing Results at Cottesloe.
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 \n\n26th May 2023\n \nWishbone Gold Plc\n(\"Wishbone\" or the \"Company\")\nWishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN\n \nResults From Enhanced Processing of MobileMT Across All Cottesloe Properties\n \nPaterson Range, Western Australia\n \nWishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce an update on programmes since the release on 27 April 2023 which highlighted significant potential in reprocessed historic drill and exploration data at Cottesloe.\n \nHighlights:\n· 8 priority targets identified from MobileMT\n· Targets are all less than 400 metres below surface\n· Nifty mineralisation style is being targeted at Cottesloe. (Nifty has produced more than 700Kt of copper metal with a further 940Kt in resource)\n· Gravity survey and 3D Inversion of aeromagnetic data to start shortly to assist with refinement of targets\n· Heritage survey to start shortly\n· Drilling to start post heritage survey - timing and details to be announced in due course\n \nRichard Poulden, Wishbone Gold's Chairman, commented;\n\"Historic drill and exploration data we released last month sits mostly outside and peripheral to the new MobileMT anomalies thus this further increases the prospectivity of this precious and base metal project. The next work programme will refine drill targets and the requisite heritage surveys. This forms the basis for an exciting 2023 field season.\"\n \nAbout Cottesloe MobileMT Targets and interpretation:\nThe interpretation of the Cottesloe MobileMT airborne electromagnetic (MMT - passive EM) survey or Wishbone Gold PLC by Expert Geophysics Limited has now been completed. The survey over Cottesloe (E45/4543) comprised of 55 lines spaced 400 m apart and flown in a NE-SW direction. The total size of the survey was 376 line-kilometres (143km2). Wishbone Gold requested that Southern Geoscience Consultants (SGC) revie...