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Drilling Approved for Cottesloe Project

4 Jun 2021 11:31

RNS Number : 8998A
Wishbone Gold PLC
04 June 2021
 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR")

 

 

Please click the following link to view the figures and illustrations included in the below announcement:

https://wishbonegold.com/images/2021/06/WSBN_RNS_210604_Drilling_Approved_for_Cottesloe_Project_la7d.pdf

 

4 June 2021

 

Wishbone Gold Plc

("Wishbone" or the "Company")

Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / AQSE: WSBN

 

Drilling Approved for Cottesloe Silver / Base Metals Project

92km2 Cottesloe Project - 35 km south-east of Wishbone's Red Setter Project in the Patersons Range province of Western Australia

Wishbone Gold Plc today announces that its initial Program of Works ("POW") for its Cottesloe Silver Project has been approved by the Western Australian Government's Department of Mines, Industry Regulation and Safety ("DMIRS"). This POW provides for the drilling of 20 reverse circulation drill holes to depths of 250 metres that are designed to test for potential precious and base metals mineralisation on multiple targets previous identified from historic exploration.

Richard Poulden, Wishbone Gold's Chairman, commented,

 

"We see the potential for Cottesloe to host both precious metals and base metals based on historic exploration work. As Cottesloe is very close to Red Setter, the Company's exploration consultants Terra Search will run Cottesloe's exploration concurrently with our work at Red Setter and service the exploration efforts from the Telfer based camp."

 

The Cottesloe Project:

 

As previously reported on 3 March 2021, the Cottesloe Project is located around 55 km south of Newcrest Mining's Telfer Gold Mine and about 35 km south-east of Wishbone's Red Setter Project in the Patersons Range province of Western Australia. Cottesloe consists of one granted exploration license E45/4543 and is considered highly prospective for precious and base metals.

 

Historic Exploration Highlights:

 

· Mineralisation trends interpreted to be over a 12km strike

· Rock chip geochemical sampling results reported up to 298g/t Ag

· Multiple significant drilling results including:

o SCR225: 5m at 102g/t Ag from 14m

§ Including: 2m at 165g/t Ag

o SCR247: 2m at 73g/t Ag & 4.6% Pb from 8m

o EWP-2: 22m at 42.7g/t Ag from 8m

§ Including 8m at 72.13g/t Ag from 22m

o EWP-3: 18m at 29.3g/t Ag from 6m

o EWP-7: 20m at 35.9g/t Ag from 2m

§ Including 2m at 100g/t Ag from 8m & 4m at 69g/t Ag from 16m

o EWP-11: 4m at 41.25g/t Ag from 14m & 10m at 41.6 g/t Ag from 24m

o EWP-12: 8m at 58.37g/t Ag from 20m

o EWP-24: 8m at 54.87g/t Ag from 40m

 

Further details on the prospectivity of these tenements and the future exploration plans will be advised to the market in due course.

 

 

Figure 1: Cottesloe Project Location Plan - Patersons Range Western Australia (see PDF link above to view)

 

END

 

For further information, please contact:

Wishbone Gold PLC

 

Richard Poulden, Chairman

Tel: +44 7551 863 830

 

 

Beaumont Cornish Limited

 

(Nominated Adviser and AQUIS Exchange Corporate Adviser)

 

Roland Cornish/Rosalind Hill Abrahams

Tel: +44 20 7628 3396

 

 

 

 

Peterhouse Capital Limited

 

(Broker)

 

Lucy Williams and Duncan Vasey

Tel: +44 20 7469 0930

 

 

 

 

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UPDBGGDLCDGDGBS
Date   Source Headline
15th Mar 20247:18 amRNSPositive Drilling Results at Cottesloe
2nd Feb 20247:07 amRNSTop-up placing to move Mosquito Creek forward, TVR
19th Dec 20239:42 amRNSExercising option on Crescent East Project and TVR
13th Dec 20237:00 amRNSFurther Encouraging Visual Results at Cottesloe
4th Dec 20237:00 amRNSMineralisation over 3km strike at Red Setter
22nd Nov 202312:13 pmRNSIssue of Shares
22nd Nov 20237:00 amRNSOption to acquire 100% of Lithium and Gold Project
13th Nov 20237:00 amRNSEncouraging Visual Results at Cottesloe
8th Nov 202310:31 amRNSDiamond Drilling Underway at Cottesloe
6th Nov 202310:59 amRNSDirectorate Change
1st Nov 20238:07 amRNSMineralised Base Metal System Confirmed- Cottesloe
12th Oct 20237:00 amRNSDrilling Update for Red Setter and Cottesloe
27th Sep 202312:52 pmRNSUnaudited Interim Results
20th Sep 20237:00 amRNSDrilling underway at Red Setter
18th Sep 20237:00 amRNSDrilling update for Cottesloe Project
1st Sep 20239:30 amRNSTotal Voting Rights
22nd Aug 20237:00 amRNSDrill Rigs Mobilised at Cottesloe then Red Setter
1st Aug 20237:00 amRNSEquity Raise
17th Jul 20237:00 amRNSResults of Gravity Survey at Cottesloe Project
29th Jun 202310:12 amRNSFinal Results for the year ended 31 December 2022
31st May 20237:00 amRNSGovernment Co-Funded Drill program for Cottesloe
26th May 20237:00 amRNSMobileMT Enhanced Processing Results at Cottesloe
23rd May 20237:00 amRNSAppointment of SP Angel as Company Broker
27th Apr 20237:30 amRNSNew analysis shows resource potential at Cottesloe
4th Apr 20237:00 amRNSRed Setter potential analogue to nearby Telfer
16th Mar 202310:07 amRNSUpdate on Red Setter Analysis
1st Feb 20232:05 pmRNSSecond Price Monitoring Extn
1st Feb 20232:00 pmRNSPrice Monitoring Extension
11th Jan 20237:00 amRNSAcquisition of Tenement Contiguous to Cottesloe
10th Jan 20233:26 pmRNSResults of AGM
22nd Dec 20227:00 amRNSStrategy/Company/Ops Update
20th Dec 20224:36 pmRNSNotice of AGM
15th Dec 202212:20 pmEQSWishbone Gold believes mineralised system find vindicates change of strategy
13th Dec 20224:40 pmRNSSecond Price Monitoring Extn
13th Dec 20224:35 pmRNSPrice Monitoring Extension
13th Dec 20228:41 amRNSConfirmation of Hydrothermal Gold & Copper System
1st Dec 20223:22 pmRNSTotal Voting Rights
18th Nov 202211:11 amRNSCompletion of Anketell Project Acquisition
24th Oct 20229:05 amRNSSecond Price Monitoring Extn
24th Oct 20229:00 amRNSPrice Monitoring Extension
21st Oct 20224:41 pmRNSSecond Price Monitoring Extn
21st Oct 20224:35 pmRNSPrice Monitoring Extension
28th Sep 20227:00 amRNSUnaudited Interim Results
26th Sep 202211:25 amRNSAnketell Au Cu Project Magnetic Modelling
8th Sep 202211:15 amRNSHigh Resolution Gravity Survey at Red Setter
6th Sep 20221:56 pmRNSSignificant Cu-Au grades from Drilling at Halo QLD
6th Sep 20229:21 amRNSExploration Expansion, Equity Raise and TVR
23rd Aug 202211:01 amRNSOption to Acquire Anketell Au Cu Project Secured
17th Aug 202211:08 amRNSEncouraging Visual Drilling Results at Red Setter
15th Aug 20229:01 amRNSSecond Drill Rig On Site at Red Setter Project

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