Business
Positive Exploration Update on White Mountain
Positive Exploration Update on White Mountain.
About this update from Wishbone Gold Plc
[{"type":"text","content":"\n \nRNS Number : 1473N Wishbone Gold PLC 04 September 2013 \n \n\nClick on, or paste the following link into your web browser, to view the associated PDF document:\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/1473N_-2013-9-3.pdf\n \nWishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural Resources\n4 September 2013\nWishbone Gold Plc ('Wishbone Gold' or 'the Company')\nPositive Exploration Update on White Mountain Project\n \nWishbone Gold, an exploration and acquisition company focussed on precious metals, is pleased to report the results of its recent exploration programme which has highlighted the significant potential for gold and polymetallic mineralisation at its 100%-owned 4,800ha White Mountain licence (the 'Licence'), its exploration tenement located approximately 300km west-southwest of Townsville in Queensland, Australia. \n \nHighlights \n· White Mountain is located in a region highly prospective for precious metals in line with strategy to acquire and prove up licences located in known areas of gold mineralisation \no Number of small gold and multi-element historic workings occur throughout the tenement\no Several gold prospects drilled nearby to the west including Granite Castle, which has a JORC resource of 847,078t ore @ 2.91g/t gold (79,301oz) and 56.2g/t silver (1,530,803oz)\n· Exploration programme comprising geochemical sampling and ground magnetic surveying demonstrates mineralised trends to the west including Granite Castle extend along strike into the Licence area\n· Geochemical sampling indicates presence of high grade gold - 3.5 g/t gold (Au) and copper (Cu) to 3.8% returned from rock chip samples taken from historical workings at Clement's Copper\n· 1.46 g/t Au returned from single rock chip sample from previously unrecognised zone\n· One rock chip sample returned 3.6% antimony (Sb) taken from Edwards, a historic antimony mineral occurrence \n· Comprehensive exploration programme in development to generate priority drilling targets\n \nRichard Poulden, Executive Chairman of Wishbone Gold said:\n \n\"With gold having previously been recovered from the Licence area, and being located close to historic gold mines and discoveries, ...