22nd Aug 2023 12:35
(Alliance News) - Wishbone Gold PLC on Tuesday said that it has mobilised specialist drill rigs and support trucks to the Cottesloe project to start drilling targets identified earlier this year.
The Cottesloe project is around 55 kilometres south of Newcrest Mining Ltd's Telfer Gold Mine, and about 35 kilometres south-east of Wishbone's Red Setter project in the Paterson Range province of Western Australia.
According to the Australia-focused mining company, once the rigs have finished drilling at Cottesloe they will mobilise to Wishbone's Red Setter project. The firm said it would follow up to find the source of the mineralisation from last year's drill programme and progress the analytical research previously undertaken on this property.
Strike Drilling is conducting both drill programs, and has conducted numerous other campaigns in the Paterson Range.
"We are excited to begin the drill program on both Cottesloe and Red Setter based on the extensive analysis of both properties. We believe we have the possibility of a major resource and look forward to proving it up," said Chair Richard Poulden.
Wishbone Gold shares were trading 1.1% higher at 2.02 pence each in London on Tuesday afternoon.
By Holly Beveridge, Alliance News reporter
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