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Results of Gravity Survey at Cottesloe Project
Results of Gravity Survey at Cottesloe Project.
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\n \n17th July 2023\n \nWishbone Gold Plc\n(\"Wishbone\" or the \"Company\")\nWishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN\n \nResults of Gravity Survey at Cottesloe Project, Paterson Range,\nWestern Australia\n \n \nWishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to announce the completion of its gravity survey in the Cottesloe Project area, with the results highlighting the prospectivity of this exciting asset:\n \n· The Cottesloe project has a well defined base metal anomaly of 2.5km with an anomalous rockchip and soil results extending the strike to 8km\n· Gravity shows a clearly defined synclinal basin area located around MMT_C1 target area (Figures 1-3) that is the primary target for sediment hosted base metal mineralisation\n· Completed gravity highlights and complements existing data consisting of Mobile Magnetotellurics (MMT), aerial magnetics, geochem and digitalised drill data \n· The coincidence of highly anomalous base metal geochemistry, gravity, resistivity and a favourable structural setting make this area a compelling, high priority drill target\n· The Cottesloe Project contains a basinal syncline of the Broadhurst Formation which hosts the nearby Nifty world class copper deposit\n· The tectonic setting and lithological package are similar to the Mt Isa Formation and other sites in Europe and Canada which have major deposits - this style of deposit contains significant proportions of the world's base metal resources\n· The existing data sets comprising magnetics, gravity, geochem and drill combined with the new gravity information all point to the same area\n \nImagery below highlights the Cottesloe MobileMT targets (resistors) over regional gravity where the station spacing was nominally ~2.5kms (Figure 1) and over recent detailed gravity data (Figure 2) where the station spacing was gr...