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PERTH - Wishbone Gold Plc (London AIM & Aquis:WSBN) has completed a pre-drilling site visit at the Red Setter Gold Dome, located 13 kilometers from the Telfer Gold Mine in Western Australia, with promising findings that suggest a cost-effective drilling program. The site visit, conducted by Apex Geoscience Consultants, assessed the conditions of the drill pads and collars for two key holes set to be deepened, finding them in good order for re-entry.
The pre-drill assessment revealed that the water table is at a shallow 15 meters, which will allow the use of cheaper pumps for drilling. Additionally, access tracks require only minor work, and no heritage surveys are needed, further reducing costs and time.
The two drill holes, identified as 23RSRC001 and 003A, are planned to be extended using conventional diamond drilling to reach the main gold target at a depth of approximately 550 meters. This follows the analysis by Expert Geophysics Limited in September 2024 and Southern Geoscience in April 2025, which suggested the main target was not reached by previous reverse circulation drilling that stopped at depths of around 250-300 meters.
Previous drilling by Wishbone Gold intersected significant gold and copper mineralization, with results showing similarities to the nearby Telfer Gold Mine, now owned by Greatland Gold Plc (LON:GGPL) (LSE:GGP). These findings warrant further investigation as they may indicate the presence of substantial mineral resources.
Richard Poulden, Chairman of Wishbone Gold, expressed optimism about the upcoming drilling program, emphasizing the cost and time savings due to the condition of the drill site. The company anticipates providing shareholders with updates on the drilling start date soon.
The information provided in this report regarding exploration results and mineral resources is based on data compiled by Mr. Edward Mead, a Fellow of the Australasian Institute of Mining and Metallurgy, and a consultant to the company employed by Doraleda Pty Ltd. Mr. Mead is recognized as a Competent Person as defined by the JORC Code.
This news is based on a press release statement from Wishbone Gold Plc.
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