Business
New Tenement Granted in Gold/Copper District
New Tenement Granted in Gold/Copper District.
About this update from Wishbone Gold Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3536I\n Wishbone Gold PLC\n 12 August 2021\n \n \n \n This 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 \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/wp-content/uploads/2021/08/WSBN-RNS-210812-Wishbone-6-Granted-lm2q.pdf\n \n \n \n \n \n \n \n \n \n 12 August 2021\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 \n NEW TENEMENT GRANTED IN HIGHLY ENDOWED GOLD/COPPER DISTRICT\n \n \n \n \n \n \n \n \n \n Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), today announces that the Queensland Government has accepted the Company's proposal to take on additional land under the current Wishbone II EPM. Wishbone II was recently presented by Dr. Simon Beams at the Australasian Institute of Mining and Metallurgy Conference (\"AusIMM\") in Cairns, Australia, drawing comparisons to the geological setting and geochemical associations at the nearby Ravenswood Gold Deposit with its endowment of 5-million-ounces of gold production in Queensland, Australia.\n \n \n \n \n \n This is the latest addition to the Wishbone Project and comes on the back of the recent renewal of the adjoining EPM 18396 for 5 years. Fig 1 shows that the Wishbone Project now consists of 54 sub-blocks amounting to 174 km2 of highly prospective ground in the Charters Towers-Ravenswood district, north Queensland's premier gold province. \n \n \n · \n Key Exploration Targets are:\n \n \n o \n Intrusive-related gold systems, these can be associated with breccias and regarded as having high-level sub-volcanic (porphyry) affinities, e.g., Mt Leyshon and Ravenswood/Mt Wright.\n \n \n o \n Granite hosted vein and alteration systems similar to the nearby Ravenswood district, where the total gold field has an endowment of 5 to 7 million ounces of gold.\n \n \n o \n Granite-hosted mesothermal gold veins often ...