Wishbone Gold PLC Diamond Drilling Underway at Cottesloe (8009S)
2023年11月8日 - 7:31PM
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TIDMWSBN
RNS Number : 8009S
Wishbone Gold PLC
08 November 2023
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
8(th) November 2023
Wishbone Gold Plc
("Wishbone" or the "Company")
Diamond Drilling Underway at Cottesloe
Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN), is pleased to
announce that diamond drilling has started at its Cottesloe
tenement. Support trucks and camp have been set up and drilling has
commenced. (Figure 1 and 2)
Figure 1 - Diamond Rig at Cottesloe
As reported on the 17(th) July 2023, the Cottesloe Project
contains a basinal syncline of the Broadhurst Formation. This
formation consists of a package of carbonaceous shales and
siltstones with known pyritic horizons. The pyritic horizons have
formed into gossanous ironstones at the surface and these have
returned extensive base metal anomalism in the 0.1-1.1% Copper
(Cu), 0.1-3.8% Lead (Pb), 0.1-0.4% Zinc (Zn), and 2-80 g/t Silver
(Ag) ranges. Other anomalous elements include Barium (Br),
Manganese (Mn), Cobalt (Co), and Nickel (Ni). Rotary Air Blast
("RAB") and Reverse Circulation ("RC") drilling in the keel of the
syncline has confirmed extensive anomalies in the oxidized zone.
Base metal anomalies with highest grades over 2 metre samples were
0.25% Copper (Cu), 4.6% Lead (Pb), 0.97% Zinc (Zn), 165 g/t Silver
(Ag) and 0.26% Cobalt (Co) with anomalous zones extending up to 34
metres.
Figure 2 - Diamond Rig at Cottesloe
Richard Poulden, Wishbone Gold's Chairman, commented: "We are
excited that the diamond drilling program has commenced at
Cottesloe and we are eager to see the assay results. Cottesloe is a
great project with a lot of potential given its geological
setting."
The Cottesloe Project:
As previously reported on 3(rd) March 2021, the Cottesloe
Project is located around 55 km south of Newcrest's Telfer Gold
Mine and about 35 km south-east of Wishbone's Red Setter Project in
the Paterson Range province of Western Australia. The Project
consists of is three tenements totalling 50 blocks covering an area
of 165km(2) and is considered highly prospective for precious and
base metals.
For more information on Wishbone, please visit the Company's
website.
www.wishbonegold.com .
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
SP Angel Corporate Finance LLP
(Broker)
Ewan Leggat / Kasia Brzozowska Tel: +44 20 3470 0470
Soho Communications Ltd
(Financial PR)
George Hudson Tel: +44 7803 603130
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(END) Dow Jones Newswires
November 08, 2023 05:31 ET (10:31 GMT)
Wishbone Gold (AQSE:WSBN)
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過去 株価チャート
から 12 2023 まで 12 2024