Expansion of drill program at Red Setter

Reverse Circulation to start third week of October

Wishbone Gold Plc is pleased to announce that, as part of the exploration expansion being funded by the recent £4 million raise, a second drill rig from Core Drilling Services ("Core") has been secured for the Company's Red Setter Gold Dome Project, in Western Australia (Figure 2).

The Reverse Circulation ("RC") drill rig will complement the diamond drill rig Core have on site. With its pre-collars which are able to generate more target angles and additional water bores which will supply water for double shift diamond drilling, this now gives Wishbone the ability to target shallower copper gold potential intercepts.

The RC rig has been contracted for an initial 5,000m of drilling. The Schramm T685i (DR21) is a high-capacity, truck-mounted RC rig with 35 tonne pullback, 45°-90° mast, and hands-free rod handling. Capable of drilling to 700m+, it delivers safe, efficient, and reliable RC samples in challenging ground (Figure 1).

Ed Mead, Wishbone Gold WA director, commented: "The addition of this large Reverse Circulation drill rig will speed up getting to target on future drill holes at Red Setter as the diamond drill rig will now not have to core through the overburden which is a very time consuming component of the current deep diamond drilling program. Having both drill rigs on site will also create efficiencies for Core's provision of drilling services at Red Setter and will thus be an integral part of the overall expanded drilling programme we intend to undertake with the recent additional raise. The RC rig will be tasked with pre collars for diamond tail, water bores and following up on the extensive shallower gold mineralisation reported during the 2023 drill programs, where gold and copper mineralisation was intersected at depths starting from 117m down-hole. I look forward to presenting further updates on progress shortly. Drilling continues in the current #25RSDD001 diamond hole and we are able to drill the current hole to a depth of around 1,000m if needed."

Figure 1: Core Drilling Schramm T685i (DR21), and support equipment for the Red Setter project

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Figure 2: WSBN Red Setter Project (Red) and Exploration Tenement applications (Blue) immediately surrounding the Telfer Mine.

For more information on Wishbone, please visit the Company's website.