"Wishbone Gold unveils Significant Breccia DISCOVERY at Red Setter project."-TipRanks, 18.8.2520 Aug 2025 03:37
"Wishbone Gold unveils Significant Breccia D I S C O V E R Y at Red Setter project."-Tipranks, 18.8.25 https://www.tipranks.com/news/company-announcements/wishbone-gold-unveils-significant-breccia-discovery-at-red-setter-project
Quote: "Wishbone announced a SIGNIFICANT D I S C O V E R Y at its Red Setter Gold Dome Project in Western Australia, where drilling has intersected ___130 metres of breccia with sulphides.__. This D I S C O V E R Y located near the Telfer gold mine, is expected to enhance the co's EXPLORATION PROSPECTS & potentially_____INCREASE ITS MARKET V A L U E. "
"The ongoing drilling program aims to further access the E X T E N T of this __MINERALISED Z O N E__, with plans to EXPEDITE core transport for analysis. This development could strengthen Wishbone Gold's position IN THE MINING SECTOR.
My Comment: Breaking it down to ordinary parlance, it means that it could RE-RATE aka "potentially increase its MARKET VALUE." With 130 metres of breccia sulphides announced on 18.8.25, FURTHER DRILLING means potential for FURTHER mineralisation in the "mineralised zone" & cores sent for analysis aka "this development could strengthen Wishbone's POSITION IN THE MINING SECTOR". Note that the word: "SIGNIFICANT D I S C O V E R Y " is used . Google AI defines "DISCOVERY" as : In mining exploration, a D I S C O V E R Y is the INITIAL SUCCESSFUL DETECTION of a mineral DEPOSIT that suggests the potential for economically recoverable mineralisation. This success marks the culmination of GEOLOGICAL, geochemistry and geophysical surveys, indicating a TARGETED area contains an ore DEPOSIT of sufficient CONCENTRATION & quality to warrant FURTHER, more detailed investigation to define its size, shape & economic viability for future mining."
On a last note, Greatland's Havieron drilled 5 HOLES in its 1st drill program [new] and Hole 5 was the star with its long intersection etc. Gervaise Heddle said he got calls from the mining industry. Then, another further 2nd drill program was done with some 4-5 holes from recall but they were not as good as Hole 5. The rest is HISTORY. Why? It went a bit quiet and suddenly Greatland announced a JV with Newcrest giving Newcrest a potential to earn 70% in Havieron. This is the stages where it later HIT £1.3BN MARKET CAP DESPITE ONLY HAVING 30% INTEREST LEFT in Havieron. I am mentioning this as this is something that will be discussed but Greatland has been the typical example at Paterson, hence why TIPRANKS mentioned : "THIS DISCOVERY is EXPECTED TO ENHANCE THE CO'S EXPLORATION PROSPECTS and POTENTIALLY INCREASE ITS MARKET VALUE - This development could STRENGHTEN WISHBONE's POSITION IN THE MINING SECTOR." Yes, its a well travelled road since Greatland Havieron so breaking down the context? Sorry for caps as want to highlight the operative words. This site doesnt have darkened print and also it is late so just have to type fast with no edits etc. DYOR.