Update for new Investors25 Aug 2025 06:55
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The Red Setter Gold Dome Project, Western Australia
Project Overview and Strategic Location
The Red Setter Gold Dome Project is an active, early-stage exploration venture operated by Wishbone Gold Plc, a mining exploration and development company with a primary focus on gold and copper projects in Australia. The company is listed on the London AIM and Aquis exchanges under the ticker WSBN. The project is situated in a location of significant geological and economic importance: the Paterson Province in Western Australia, a region renowned for its potential to host "tier-one" copper-gold systems.
Its geographic position is a key element of its strategic value. The project is located approximately 13-15 km southwest of the operational Telfer Gold Mine, owned by Newcrest Mining and Greatland Gold Plc. It is also situated about 60 km west of the prolific Havieron discovery, a joint venture between Newcrest and Greatland Gold. The project's close proximity to these well-established, multi-million ounce deposits is not coincidental; it provides a strong geological and economic rationale for the exploration work, suggesting that the mineralisation style at Red Setter could be analogous to the proven systems at Telfer and Havieron.
Geology and Exploration Strategy
The exploration methodology at the Red Setter project is founded on advanced geophysical surveys. A Mobile Magnetotelluric (MT) survey, conducted by Expert Geophysics Limited (EGL), was instrumental in identifying a key geological feature: a domal target at a projected depth of around 550 m. This structure became the primary target for the initial drilling program.
A notable advantage of the Red Setter project's geological setting is the relatively shallow overburden. The geological model indicates that the Permian cover is estimated to be under 100 m in depth in the area. This is significantly shallower than the approximately 400 m of Permian cover at the Havieron discovery, which provides a strong advantage for both exploration and the potential for future development. The exploration strategy has focused on intercepting mineralised zones that have been carried upward through the host rock by hydrothermal fluids, with a specific focus on identifying a breccia pipe, a fragmented rock formation that often acts as a conduit for such fluids and is a key indicator of potential gold and copper deposits.
Timeline of Recent Drilling and Findings (2025)
The initial drilling program in mid-August 2025 provided immediate and highly encouraging results. The first hole, numbered 25RSDD001, successfully intersected the target domal structure. Zones of quartz-carbonate veining and sulphides were observed starting from a depth of 520 m, which was notably close to the geophysical model's predicted target depth of 550
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