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PERTH - Wishbone Gold Plc (AIM & Aquis:WSBN) announced Monday it has secured a second drill rig for its Red Setter Gold Dome Project in Western Australia, expanding operations following a recent £4 million fundraise.
The company has contracted a Schramm T685i Reverse Circulation (RC) drill rig from Core Drilling Services to complement the diamond drill rig already on site. The RC rig is scheduled to begin operations in the third week of October with an initial 5,000 meters of drilling planned.
According to the company’s press release, the truck-mounted RC rig features 35-tonne pullback capability, 45°-90° mast adjustment, and hands-free rod handling. It can drill to depths exceeding 700 meters and is designed to deliver samples in challenging ground conditions.
Ed Mead, Wishbone Gold’s Western Australia director, said the addition will accelerate the drilling process by eliminating the need for the diamond drill rig to core through time-consuming overburden. The RC rig will be used for pre-collars, water bores, and follow-up exploration of shallow gold mineralization identified during 2023 drilling programs, where gold and copper were reportedly intersected at depths starting from 117 meters.
The company stated that drilling continues in the current #25RSDD001 diamond hole, which can be extended to approximately 1,000 meters depth if necessary.
Wishbone Gold’s Red Setter project is located near the Telfer Mine in Western Australia, where the company also holds additional exploration tenement applications.
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