Member Info for British_Mike

Yes, I read it.

"Richard Poulden, Wishbone Gold's Chairman, commented, "We are very pleased that drilling has finally started at Red Setter."

Image of the drill rig at Red Setter and nothing more in the RNS to say no drilling took place.

RP - 31/05/22 "I look forward to announcing the start of drilling at Red Setter shortly for the 3,000 metres of the first phase program."

So what was drilled 9th December at Red Setter?

Not followed HBR lately as bottom draw holding after buying way too high.

However, I notice 8.4p /share divi was approved yo be paid 18th May. I've not received any HBR dividend yet - is this the same for others? Just wondered before I contact my nominee broker, thanks.

I still have the photo from WSBN twitter showing the drill rig at Red Setter saved on my phone

9th December 2021 - Drilling underway at Red Setter

3rd May 2022 -
Richard Poulden, Wishbone Gold's Chairman, commented, "We are very pleased to have finally secured this specialist drill rig for our long awaited Red Setter drilling programme. All exploration companies have found it difficult to secure drilling services in Western Australia, especially with the COVID restriction in the State over the last year and the competitive backdrop experienced for miners and explorers in the current mineral exploration boom. We are hopeful of having the rig on site and drilling at Red Setter before the end of May."

I still don't follow as drilling was "underway" at RS 5 months ago?
Did they drill for a bit and find nothing (yet not inform the market) and so then had to clear more ground and have heritage surveys carried out in new locations?

Hopkins you sound like you was one of many who bought ZPHR purely for the CPR news due and the gamble for quick 20% profit backfired and left holding a stock in a company you never really had interest in.

Today's sell-off is one of many in the same boat.

For long-term investors the ZPHR story is progressing nicely. Great interview from CH to support the RNS release.

Fair comments people, exciting times.

HZM have their finance completed and the sp has done very little. Hopefully PXC sp will respond more positive.

Respect ^

Excellent post Kieth. People need to reapect what BT and KAV are doing and have acheived to date.

Wonder what a Paradox JV ZPHR - Whiting would go down? :-)

Commercial copper? Lol

Top Drill Limited have been appointed as drilling contractor and with Western Australian borders having opened on 3 March, and the wet season coming to an end, will be in a position to confirm the start of drilling shortly.

· Drilling is proposed to re-start at Red Setter on previously cleared drill sites, and then continue to the newly cleared areas, with an extensive drilling program at Cottesloe planned for later in the year

So is WSBN now using a different drill operator for Red Setter? Seems to me they starting again (as nothing to report from previous drill of rig on site photo) and new drilling contractor wants the area clearing better. I say this as HE1 tried using a mineral rig for exploring deep helium reservoirs and then realised the cutting corner by not using an oil rig was a bad idea - now looking for new drilling operator after hyping Mitchell drilling up (until it went wrong).

Estimated timeframe based on third-party CPR works. So what if a little delayed - unless you're one to have just bought in for CPR news and hoping to sell straight after

Can't wait for reading CPR on those 8 upper oil layers... Monday my guess :-)

nice, thanks 1plus1

Take 2 weeks out for Christmas - around 65 days of drilling?

Feb RNS
"· Largest individual priority 1 magnetic target has a 1500m strike length with a width of 400m and starts at around 75m from surface"

75m down are we drilling 1-2metre a day? KAV were drilling 20m day at depths of 350m.

Seems weird no update yet from first drill hole. Ok they might be completing the full drill programme and waiting for assay results... but surely any initial visible gold would be RNS'd to raise interest.

At first the quiet was ok for me, yet Red Setter being shallow targets it's now starting to concern me that the drilling is ongoing and nothing good to report so far.
Most companies announce visible gold in the cores during drilling if it's there?

HE1 + BPC both had drill issues and had to pull back up the bore hole and sidetrack off which took much longer to drill. Bogh companies only mentioned the drill issues after they finally finished and result known.
"No news is good news" was mentioned back then on the forums. Not saying this is the case here... although last we heard was challenging drill conditions before xmas.

On the other hand, KAV delayed results of surveys to check with several independent companies the data they had before releasing the good news to the market.

Just a waiting game!

Great work ZPHR, thank you

WSBN was 1.9p before the pandemic hit and everyone rushed to buy gold stocks.

Yes, they have other potential, yet Red Setter has become the company maker potential and is what most are interested in.

When gold was hot property our RP undrtook several very detailed and well discussed interviews on the build up to Red Setter target - hence 20p+ sp. However, gold since has cooled off in interest hence the currrent sp. Also, the commencement if drill RNS was very subdued (after all the hype) showing little interest and no reminder of the drill target details. Most miners have usual paragraphs of reminder facts about the company background and drill target details. This was very flat RNS and a slight red flag with the lack of detail. Imo, this is why the sp has no excitement/hype when the drill started.

Let's hope the Red Setter results impress :-)