LONDON (Alliance News) - Wishbone Gold PLC Friday said it has identified new gold and polymetallic mineralisation sites at its 100% owned Wishbone II project In Australia.
The exploration-and-development gold mining company, operating in Australia, said latest tests at its Hanging valley prospect area has defined extensions to its previously identified polymetallic vein system and has uncovered high grades, including one sample at 25.2 grams per tonne of gold.
The company also said soil sampling at its Oaky Mill prospect area has shown significant areas of copper and gold mineralisation with samples from 17 outcrops returning grades greater than 1% copper.
Wishbone Gold said it now plans to delineate the surface gold anomalies and define its future drilling targets.
Wishbone Gold shares were trading down 1.4% at 2.10 pence per share early Friday.
By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1
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Wishbone (WSBN)