Wishbone Gold PLC (WSBN.L) Richard Poulden, Chairman Interview
Feb 18, 2021, 05:21 PM
Multiple New Shallow Gold Targets Defined at Red Setter Project
Patersons Range, Western Australia
Please click the following link to view the figures and illustrations included in the below announcement
Highlights:
· 3D inversion of the Red Setter ultra-detailed magnetics has delineated 3 highly magnetic bodies over an expanded area now covering 3km x 1km.
· Largest individual priority 1 magnetic target has a 1500m strike length with a width of 400m and starts at around 75m from surface.
· Magnetic survey reveals that all magnetic targets are much shallower than 150m-250m depth previously modelled.
· The relatively shallower target depth is strongly advantageous both from an exploration and future development potential perspective.
· The Red Setter Project is located 13km south-west of Newcrest Mining’s Telfer Gold-Copper Mine and 60km west of Newcrest and Greatland Gold’s Havieron discovery.
Wishbone Gold Plc is pleased to advise that the detailed high-resolution magnetic survey recently flown over the Company’s Red Setter Project has delineated multiple highly prospective magnetic targets over a much larger 3km x 1km area than previously interpreted. The magnetic inversion modelling completed by Terra Resources on the higher resolution data has indicated that the targets are considerably shallower than previously modelled based on the older regional datasets.
Wishbone Gold Plc is pleased to advise that the detailed high-resolution magnetic survey recently flown over the Company’s Red Setter Project has delineated multiple highly prospective magnetic targets over a much larger 3km x 1km area than previously interpreted. The magnetic inversion modelling completed by Terra Resources on the higher resolution data has indicated that the targets are considerably shallower than previously modelled based on the older regional datasets.
Richard Poulden, Wishbone Gold’s Chairman, commented, “The prospectivity of Red Setter has been greatly improved with this high-resolution magnetic survey, as the strength and size of the magnetic targets has significantly exceeded our original expectations in terms of understanding of the geometry and prospectivity. It is also very encouraging that the indicated target depth to the top of the structures is far shallower than previously modelled. We are now planning a detailed IP to target sulphide mineralisation and prepare for the maiden drilling programme. Further updates will be provided to the market upon finalisation of the program design and contracting of various specialists.”
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