RE: Deferred Shares24 Jan 2026 08:30
This statement from Wishbone Gold (December 2025) refers to the exploration of the Red Setter Project in Western Australia. It expresses a transition from visual observation to chemical verification of the project's value.
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Key Terms Explained
"Seen in drill core to date": This refers to the physical rock samples (cylinders) pulled from the ground during diamond drilling. Geologists have visually inspected these cores and found encouraging signs, such as breccia zones, quartz-carbonate veining, and sulphides (like chalcopyrite), which are often associated with gold and copper mineralization.
"Need the assays": An assay is a laboratory test used to determine the exact metal content (e.g., grams of gold per tonne) in the rock. While visual signs are "encouraging," they do not confirm how much actual gold or copper is present.
"Quantify our enthusiasm": This means turning excitement based on visual evidence into hard data. High-quality assay results would provide the specific grades needed to prove the project is economically viable.