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Positive Exploration Update on Wishbone II Project
Positive Exploration Update on Wishbone II Project.
About this update from Wishbone Gold Plc
[{"type":"text","content":"\n \nRNS Number : 3689R Wishbone Gold PLC 25 October 2013 \n \n\nClick on, or paste the following link into your web browser, to view the associated PDF document:\n\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/3689R_-2013-10-24.pdf \n\n \n \nWishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural Resources\n25 October 2013\nWishbone Gold Plc ('Wishbone Gold' or 'the Company')\nPositive Exploration Update on Wishbone II Project\n \nWishbone Gold plc, an exploration company focussed on precious metals, is pleased to announce the latest results of its on-going exploration programme on the 100% owned 6,300 hectare Wishbone II tenement in Queensland, Australia, which has identified new gold and polymetallic mineralisation within the licence area. \n \nHighlights \nHanging Valley Prospect Area\n· Latest results strengthen the Board's conclusion that the Hanging Valley represents a priority target that may contain multiple polymetallic veins located perpendicular to the major Alex Hill Shear Zone\n· Latest work defined extensions to the previously identified polymetallic DAB vein system as well as a parallel vein with grades of 1.25% copper ('Cu'); 0.12g/t gold ('Au'); 476ppm molybdenum ('Mo'); 262ppm arsenic ('As') \n· High grades (including one sample at 25.2 g/t Au) were also returned from rock chip samples on the previously discovered Haughton Bluff Creek West vein system\n· Regional stream sediment sampling returned strongly anomalous results up to 27.7ppb Au in the area\n \nOaky Mill Prospect Area\n· Significant areas of copper and gold mineralisation discovered by soil sampling\n· Samples from 17 outcrops returned grades greater than 1% copper ('Cu') and a further 8 samples returned grades greater than 0.5% with one sample as high as 4.83% Cu and 0.23 g/t Au\n· Stream sediment samples defined elevated gold levels up to 11.7ppb Au\n· High grade rock chip samples of up to 7.32 g/t Au were taken from an area to the west of the prospect that was previously unexplored\n \nWishbone now plans to continue to delineate the surface gold anomalies and define drill targets.\n \nRichard Poulden, Executive Chairman of Wishbone Go...