Wishbone Gold Plc (LSE:WSBN) has announced an upcoming drilling campaign targeting the Red Setter Dome, a promising gold prospect located near the well-known Telfer Gold Mine in Western Australia. The initiative follows a detailed geophysical survey by Expert Geophysics Limited, which identified a dome-shaped structure that may contain mineralization patterns similar to those at the nearby Telfer site.
The planned drilling will reach previously untested depths, aiming to uncover valuable gold and copper deposits. If successful, the project could significantly bolster Wishbone’s exploration portfolio and improve its standing within the mining sector, especially given the Red Setter Dome’s geological similarities to one of Australia’s major gold producers.
About Wishbone Gold
Wishbone Gold Plc is an exploration-focused mining company concentrating on gold resource development, particularly in Western Australia. The firm’s strategy centers on identifying high-potential assets and advancing their development to deliver long-term value to investors.
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Year-to-Date Share Performance: -38.42%
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Average Daily Trading Volume: 54,610,832
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Technical Sentiment: Buy Signal
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Current Market Capitalization: £1.59 million
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