Wishbone Gold submits programme of works for Red Setter

Wishbone Gold announced on Friday that a programme of works has been formally submitted by its consultants Terra Search to the Western Australian Government's Department of Mines, Industry Regulation and Safety (DMIRS), for the Red Setter project on the Patersons Range.

The AIM-traded firm said the programme was for up to 100 drill holes to depths of 300 metres, for a total of up to 30,000 metre of drilling over 48 months.

It said it had worked with Terra Search for a number of years on all of its Australian assets.

Terra Search had also worked on nearby projects with Newcrest Mining at Telfer, and also with Geatland Gold on the Havieron project.

Thus, Wishbone said they were bringing a “high level” of regional knowledge to the work on Red Setter in addition to their overall exploration expertise.

The drilling was targeting multiple highly-prospective magnetic targets spanning an area covering an area of three kilometres by one kilometre.

In addition to the government filings, Wishbone said it had a policy of ensuring that all Aboriginal sacred and historic sites were treated with “proper respect and care”.

It said there were no known sites on the Red Setter prospect, but added that proper care would be taken in regard to any artefacts which might be found during exploration.

“The submission of the programme of works to the DMIRS is an important step forward to start our maiden drilling programme at Red Setter,” said chairman Richard Poulden.

“The prospectivity of Red Setter for gold and copper was greatly improved with our recently flown high-resolution magnetic survey, as the strength and size of the magnetic targets far exceeded our original expectations in terms of understanding of the gold-copper target's geometry and prospectivity.

“Further updates will be provided to the market as we move closer to the commencement of the drills turning.”

At 1603 BST, shares in Wishbone Gold were down 3.24% at 11.37p.