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Red Setter potential analogue to nearby Telfer
Red Setter potential analogue to nearby Telfer.
About this update from Wishbone Gold Plc
[{"type":"text","content":"\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 \n \n \n \n \n \n 4 April 2023\n \n \n \n \n \n \n Wishbone Gold Plc\n \n \n \n \n (\"Wishbone\" or the \"Company\")\n \n \n \n Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN\n \n \n \n \n \n \n \n \n Red Setter interpreted as potential analogue to the nearby Telfer Gold Mine\n \n \n \n \n \n \n \n \n \n Says Canadian Based Expert Geophysics Group\n \n \n \n \n \n \n Further to the announcement made on 16th March 2023 Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce further analysis by Expert Geophysics (\"EG\") of MobileMT survey of the Red Setter project. Under some geological assumptions yet to be tested, EG have now stated that they interpret the Red Setter structure as a potential analogue of the +26 million ounce Telfer deposit, Newcrest's major gold/copper mine 15 km northeast of Red Setter.\n \n \n \n \n \n \n \n \n \n \n \n Image 1: shows a combined picture of Red Setter and Telfer on close to the same scale.\n \n \n \n \n \n \n The Telfer deposit is described as stratiform to stratabound quartz-carbonate sulphide reefs that have been developed in the Telfer Dome.\n \n \n \n \n \n Expert Geophysics state:\n \n \n \n \n \n \n \"We can see a very prominent dome structure in the south of the Red Setter area, expressed in the corresponding highly resistive anticline in depth and extended in NW-SE direction. Axes of assumed anticlines, projected to the surface, are in the pictures (white and red dash lines). The overall structure is open to SE.\"\n \n \n \n \n \n \n \n \n \n \"The maps, in Image 1, from Red Setter and Telfer, are approximately in the same scale so the dimensions of the structures are comparative, and the direction of the controlling structures is the same. The Telfer epigenetic model emphasizes the importance of structural controls on mineralization within the domes\n \n \n (\n \n \n GSWA Report 97 by\n \n \n K. M Ferguson et al., 2005)\n \n \n . We can ...