RE: RED SETTER UPDATE ON X26 May 2026 10:24
Taking the coordinates and the latest update (which I like others wish was RNSd) - here's what AI tells me...
Yes, this update is entirely in line with expectations for Wishbone’s 2026 Red Setter drill program, based on previous RNS announcements and strategy. Here’s why:
1. Consistent With Announced Plan
The 2026 plan called for a large, systematic drill program (9,000m across 25 holes) to:
Test extensions of known mineralisation
Evaluate continuity along the 4km diorite trend
Target zones of strong alteration/sulphides
Establishing new pads and progressing with RC drilling is exactly what was outlined. Each new pad enables another planned hole.
2. Operational Progress
“New pads established” and “pushing on with RC drilling” shows:
No delays (e.g., from weather, heritage, or logistics)
The program is being executed as scheduled, not just planned
3. RC Drilling Focus
RC (Reverse Circulation) drilling is standard for:
Early/mid-stage resource definition
Providing rapid results at reasonable cost
The azimuth (direction) and pad location match the systematic approach described earlier.
4. Market and Stakeholder Interpretation
Investors expect regular progress updates during a major drill campaign.
This update signals momentum and delivery—which is positive, but not surprising or outside what was flagged in the March/April RNS.
5. No Surprises
There are no hints of change in strategy, unexpected issues, or deviation from announced objectives.
The company is doing exactly what it said it would do.
Conclusion
This update is fully in line with expectations for Wishbone’s 2026 Red Setter drill program.
It signals good operational execution and ongoing progress, which is positive for confidence in management and the project, but it is not a game-changing update or unexpected news.
2. Drilling Pattern/Trend
Azimuth:
91° E(True) — this is almost due east, which is a logical direction if you are testing along or across a NE-SW trending diorite body (as described in the RNS).
Reason:
The 2026 plan is to test the 4km strike of the diorite trend, with holes at various intervals and angles to investigate continuity and structure.
3. Comparison to Previous Pads
Recent pads/collars:
The last set of coordinates (e.g., -21.811959, 122.036674 and -21.788899, 122.019624) were all within a few km of this new pad, consistent with systematic step-out or infill drilling along the main target corridor.
No evidence of unexpected deviation:
The new pad is neither far outside the project boundary nor off-trend.
4. Operational Implications
Pads are being established in sequence, along the known mineralised trend.
Direction and position match the described exploration strategy (systematic coverage, not random or off-pattern holes).
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