31st May 2023 14:27
Wishbone Gold PLC - Australia-focused mining company - Granted a contribution of AUD220,000, or GBP115,061 by Australian government to go towards a drilling programme for its Cottesloe project in Western Australia. Says drilling will take place later in the year and will target mineralised zones. The co-funded exploration drilling program is a flagship program of the Exploration Incentive Scheme, which offers up to 50% contribution for drilling projects.
Last week, Wishbone announced that eight priority targets were identified at Cottesloe, all less than 400 metres below the surface. Said gravity survey and 3D inversion of aeromagnetic data to assist with target refinement will start shortly, as will heritage survey.
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By Sabrina Penty, Alliance News reporter
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