Wishbone Gold (AIM & Aquis: WSBN) has provided an exploration update on its Red Setter Gold Dome Project, located 20km south-west of Greatland Gold’s Telfer gold mine in Western Australia.
Today’s announcement provides investors with little more than an update on which holes the company has been drilling and what’s next for the programme.
The market will have to wait for updates on grades and results of recent drilling.
Diamond drilling on hole 2 has been completed at 950 metres, and operations have now moved to a planned 500-metre deep hole situated 1.6km north of the first two holes.
Core samples from hole 2 revealed multiple zones of fracturing with pyrite and will be dispatched to ALS Laboratories in Perth for cutting and assay.
Hole 3 is targeting the area where previous drilling intercepted 7 metres at 2g/t gold and 0.38% copper from 273 metres depth.
The next phase will kick off from 21st October, targeting shallower copper-gold intercepts from 117 metres.
“Diamond drilling is now on double shift and with the Reverse Circulation drill rig arriving this weekend we are ramping up activities to expedite exploration,” said Ed Mead, Wishbone Gold WA director.
“I look forward to the results arriving soon from the first drill hole, and while we await these results, we have sent the diamond rig to nearby hole 3 to investigate past findings. I look forward to presenting further updates on progress shortly.”