4th Apr 2023 17:20
Wishbone Gold PLC - Gibraltar-based, Australia-focused mining company - Reports further analysis by Expert Geophysics of MobileMT survey of the Red Setter project. EG states they interpret the Red Setter structure as a potential analogue of the over 26 million ounce Telfer deposit, Newcrest's major gold/copper mine 15 kilometres northeast of Red Setter. Concludes additional drilling should be target zones MMT-R1 and MMT-R2.
Wishbone Chair Richard Poulden says: "We will proceed with additional heritage surveys for the newly defined drill areas and further refine the targets and look to start drilling the major new targets as soon as the extreme summer heat in the area abates."
Current stock price: 3.10 pence, down 7.5% in London on Tuesday
12-month change: down 59%
By Jeremy Cutler, Alliance News reporter
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