Drill Rig Mobilising to Red Setter Project

In brief · summary, not quotable

Wishbone Gold Plc is mobilising a Reverse Circulation drill rig to its Red Setter Project in Western Australia, commencing an estimated 3,500 metres of drilling, with a further 4,500 metres of diamond drilling planned to follow in approximately three weeks. This 2026 drilling programme, comprising 25 holes and totalling approximately 9,000 metres, aims to test extensions of known gold-copper mineralisation, evaluate continuity along a 4km trend, and improve understanding of structural controls and alteration zones. A heritage survey for a new access road to the project has also been completed.

Full announcement

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Wishbone Gold Plc is pleased to announce that a Reverse Circulation (RC) rig is mobilising from Perth to the Company's Red Setter Project in the Paterson Province of Western Australia, located 20km south-west of Greatland Gold Plc's (AIM and ASX: GGP) Telfer gold mine, and 50km east of Cyprium Metals Ltd's (ASX: CYM) Nifty copper mine (Figure 1).

The first phase of the 2026 drilling contract is for an estimated 3,500m of RC drilling at Red Setter, with the second phase of the contract for a further 4,500m of diamond drilling planned to start in about 3 weeks.

All drill rigs are tracked mounted which will improve mobility on site.

A heritage survey has also been completed on the proposed new road from Nifty to Red Setter. The final report is due in 3-4 week's time.

Richard Poulden, Wishbone Gold's Chairman, commented:

"We are very pleased to have the RC drill rig and drilling team mobilise from Perth to Red Setter. Apex Geoscience and support teams are on site and ready for their arrival. I look forward to announcing the start of drilling at Red Setter shortly for the estimated 3,500 metres of drilling. A second drill rig, a diamond drill rig, is due on site in about 3 week's time."

2026 drilling programme details

A 25-hole drill programme totalling approximately 9,000 metres has been designed to:

Test extensions of known gold-copper mineralisation
Evaluate continuity along the 4km diorite trend
Improve understanding of structural controls on mineralisation
Target zones of strongest alteration and sulphide mineralisation

Drilling will utilise reverse circulation pre-collars followed by diamond core tails, targeting depths of up to 400 metres.

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.