Red Setter Gold Dome Project Exploration Update
Wishbone Gold PLC announced an exploration update for its Red Setter Gold Dome Project. Diamond drilling on hole 2 was completed at 950m, revealing multiple zones of fracturing with pyrite, and the core will be sent for assay. Drilling has commenced on hole 3, targeting an area where previous drilling intercepted 7m @ 2g/t gold and 0.38 copper from 273m. A Reverse Circulation drill rig has been contracted for an initial 5,000m of drilling and will mobilize to the site to complement the existing diamond drill rig, targeting shallower copper gold intercepts from 117m reported in drilling from 2023.
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Wishbone Gold Plc is pleased to provide this update to shareholders on activities at the Company's Red Setter Gold Dome Project, located 20km South-West of Greatland Gold Plc's (AIM and ASX: GGP) Telfer gold mine in Western Australia (Figure 6).
Diamond drilling on hole 2 (25RSDD002) was completed at 950m and has now moved to a planned 500m deep drill hole (hole 3) located 1.6km north of holes 1 and 2. The core from hole 2 hit multiple zones of fracturing with pyrite (Figure 1-5). The core will be dispatched to Perth and ALS Laboratories shortly for cutting and assay.
Hole 3 (25RSDD003) is following up on previously drilled WRSDD0008 that intercepted 7m @ 2g/t gold and 0.38 copper from 273m.
As mentioned in the Company's last announcement, the Schramm T685i (DR21) Reverse Circulation ("RC") rig from Core Drilling Services (Core) will be mobilising to site this weekend and start drilling on 21st October.
The RC drill rig will complement the diamond drill rig Core have on site, with pre-collars generating more target angles into the Red Setter Dome, additional water bores to supply water for double shifting diamond drilling and targeting shallower copper gold intercepts from 117m reported in drilling from 2023 around the diorite dyke.
The RC rig has been contracted for an initial 5,000m of drilling.
Ed Mead, Wishbone Gold WA director, commented: "Diamond drilling is now on double shift and with the Reverse Circulation drill rig arriving this weekend we are ramping up activities to expedite exploration. I look forward to the results arriving soon from the first drill hole, and while we await these results, we have sent the diamond rig to nearby hole 3 to investigate past findings. I look forward to presenting further updates on progress shortly."
Figure 1: Pyrite vein at 850.75m
Figure 2: Fracturing of sediments with pyrite at 855.65m
Figure 3: Fracturing of sediments with pyrite at 856m
Figure 4: Fracturing of sediments with pyrite at 866 to 870m
Figure 5: Minor fracturing of sediments with pyrite at 943m to 950m EOH.
Figure 6: 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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.