Wishbone Gold PLC - precious metals trading and exploration company with assets in Australia -
Sets out plans for exploration of Red Setter project. Says Australian consultants Terra Search Pty Ltd commissioned to begin exploration programme on "high priority magnetic targets". "Wishbone advises that it intends to initiate exploration efforts on our new Red Setter Project in the Patersons Ranges, now that the company has acquired this potentially exciting asset," said Chair Richard Poulden. "We also aim to commence an MMI geochemistry survey for gold and base metals, which has been successfully used by other explorers and operators in the Patersons Ranges area where new gold discoveries have been found buried deep below surface."
Current stock price: 11.94 pence
Year-to-date change: up sharply from 1.90p
By Eric Cunha; ericcunha@alliancenews.com
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Wishbone (WSBN)