TIDMWSBN
RNS Number : 1355Q
Wishbone Gold PLC
24 June 2022
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR
Please click the following link to view the figure(s) and
illustration(s) included in the below announcement:
https://wishbonegold.com/wp-content/uploads/2022/06/WSBN-RNS-220624-Drilling-Update-at-Halo-Copper-Gold-Project-gak3.pdf
24 June 2022
Wishbone Gold Plc
("Wishbone" or the "Company")
Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources
/ AQSE: WSBN
DRILLING UPDATE AT HALO COPPER GOLD PROJECT
Queensland, Australia
Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to update
the market regarding the Wishbone II Gold-Copper drill program at
its 100% owned Halo Project in North Queensland.
Drilling at Halo is proceeding to plan with Terra Search logging
copper mineralisation in the majority of holes drilled to date in
this phase of drilling. Encouragingly, malachite in oxide sections
and chalcopyrite in primary sulphide sections have been logged over
significant intervals of several metres.
Several composition granitic and dioritic plutonic rocks are
present, most of which are affected to some degree by hydrothermal
alteration associated with intrusive related mineralisation.
Conspicuous red K feldspar alteration is noted accompanied by
disseminated and veined chalcopyrite and also chlorite and probable
magnetite. This mineral assemblage is often present in the higher
temperature core of intrusive related mineral systems such as
higher level porphyry style. The general impression is that Halo
Prospect is possibly at the deeper plutonic level, however given
the proximity to the 5 million ounce Ravenswood Gold Mine, elements
of a similar high level intrusive system may also be present.
Wishbone Gold's Hole # 21 is the most promising hole to date.
Preliminary results indicate an oxide copper section of 20 metres
showing high levels of visible malachite (Fig 1) . An encouraging
high grade primary copper zone occurs at depth in this hole,
particularly prominent at 91m-92m where abundant disseminated
chalcopyrite occurs within a K feldspar altered granitic rock (Fig
2).
Samples from the first holes have been sent to the lab for
analysis.
Wishbone Gold's QLD Exploration properties are situated in the
highly prospective Charters Towers-Ravenswood district in north
Queensland's premier gold province. They consist of 54 sub-blocks
amounting to 174 km(2) of wholly owned licences and located only
10km from 5 million Oz Ravenswood gold mine.
Richard Poulden, Wishbone Gold's Chairman, commented, " The
major copper intercepts are hugely important. Copper is going to
remain one of the key strategic metals globally, possibly the most
important one, in future years as we move to green sources of
electricity. Copper is needed not only for transmission of
electricity but also storage and is key in all these areas."
Fig 1: Hole 22WBRC021 Reverse Circulation drill chips of high
grade oxide copper : prominent malachite stained and fracture
coatings within aplitic granite ,top of hole 12m to 20m. Lab
results awaited - click link above to view
.
Fig 2. Hole #21 : 22WBRC021 91m to 92m . Reverse Circulation
drill chips of high grade primary copper Abundant disseminated
chalcopyrite in red K feldspar , dark chlorite altered granitic
rock . Lab results awaited. - click link above to view
Fig 2. Hole #21 : 22WBRC021 91m to 92m . Close up of Reverse
Circulation drill chips of disseminated chalcopyrite in red K
feldspar , dark chlorite altered altered granitic rock. - click
link above to view
Full technical details and news releases on the Wishbone II
assets can be viewed on the Company's website at
https://wishbonegold.com/projects/wishbone-ii-iv-vi/
For more information on Wishbone, please visit the Company's
website. www.wishbonegold.com
The information in this report that relates to the reporting of
exploration results has been compiled by Dr Simon D. Beams, a
full-time employee of Terra Search Pty Ltd, geological consultants
employed by Wishbone Gold Pty Ltd to carry out exploration over
their Wishbone 2,4 and 6 EPMs. Dr Beams has BSc Honours and PhD
degrees in geology; he is a Member of the Australasian Institute of
Mining and Metallurgy (Member #107121) and a Member of the
Australian Institute of Geoscientists (Member # 2689). Dr Beams has
sufficient relevant experience in respect of the style of
mineralization, the type of deposit under consideration and the
activity being undertaken to qualify as a Competent Person within
the definition of the 2012 Edition of the AusIMM's "Australasian
Code for Reporting of Exploration Results, Mineral Resources and
Ore Reserves".
Laboratory analyses are underway at internationally recognised,
independent, commercial laboratories. Internal results reported
here for the first time have been accompanied by industry standard
QA/QC checks.
END
For further information, please contact:
Wishbone Gold PLC
Richard Poulden, Chairman Tel: +971 4 584
6284
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
Glossary of terms
Malachite - a copper carbonate hydroxide mineral, with the
formula Cu CO (OH) .
Chalcopyrite - a copper iron sulfide mineral and the most
abundant copper ore mineral
Diorite - an intrusive igneous rock formed by the slow cooling
underground of magma
Chlorites - a group of phyllosilicate minerals common in
low-grade metamorphic rocks and in altered igneous rocks
K feldspar - Feldspars are a group of rock-forming aluminium
tectosilicate minerals, containing sodium, calcium, potassium , or
barium.
Porphyry - refers to the texture of the rocks and suffix as
granite-, rhyolite, and basalt-porphyry. The porphyry deposits are
formed by differentiation and cooling of a column of rising magma
in stages
Hydrothermal alteration - is a complex process involving
mineralogical, chemical and textural changes, resulting from the
interaction of hot aqueous fluids
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDFIMMTMTITBTT
(END) Dow Jones Newswires
June 24, 2022 06:43 ET (10:43 GMT)
Wishbone Gold (AQSE:WSBN)
過去 株価チャート
から 11 2024 まで 12 2024
Wishbone Gold (AQSE:WSBN)
過去 株価チャート
から 12 2023 まで 12 2024
