Wishbone Gold PLC - Gibraltar-based precious metals trading and exploration company with assets in Australia - Says a second drill rig is now on site and drilling at the Red Setter gold-copper project in Western Australia. The drill is 230 metres from the first drill rig at the project. The Red Setter project is on the company's wholly-owned EL45/5297 licence.
"We are also in the process of extending heritage approved areas at Red Setter with a further survey to start towards the end of August. We are also discussing plans for a gravity survey which can detect mineral composition through varying rock density. This is an exciting time for Wishbone," comments Chair Richard Poulden.
Current stock price: 13.95 pence, up 6.1% in London on Monday morning
12-month change: up 49%
By Heather Rydings; heatherrydings@alliancenews.com
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Wishbone (WSBN)