Wishbone Gold Plc (AIM: WSBN, AQSE: WSBN) announce the application for 12 new exploration tenements covering approximately 174 square kilometres in Western Australia. The ground was identified by the Company’s geologists as highly prospective and lies in close proximity to Wishbone’s Red Setter Gold Dome Project.
All the new applications are within a 30 km radius of Greatland Gold Plc’s (AIM/ASX: GGP) operating Telfer gold mine, with several located less than 6 km from the mine site itself (see Figures 1 and 2). These tenement applications cover areas of vacant tenure and represent a significant expansion of Wishbone’s regional presence.
Upon granting, the applications will increase Wishbone’s total licence area near the Telfer Mine to approximately 231 square kilometres, marking a ~400% increase in landholding in this highly prospective gold region.
Figure 1: WSBN Exploration Tenement applications immediately surrounding the Telfer Mine.
Figure 2: WSBN Exploration Tenement applications with 100% GGP Tenements and Major Projects.
Ed Mead, Wishbone Gold’s Western Australia Director commented;
“It is extraordinary that we managed to be first in line for these 12 tenements which quadruples our current tenement holding in the area. I am surprised that ground like this, so close to the Telfer Gold Mine, was even available. We applied for these exploration tenements on an exclusive basis for Wishbone Gold and we will now be commencing the process of moving these applications towards granting. These tenement applications significantly expand our existing Telfer land package, where we have our major Red Setter Gold Dome Project, located only 12km SW of the Telfer Mine itself.”
“By way of the Red Setter drilling update, I’m pleased to advise that an earthmoving contractor is due on site on the 11 July and we are expecting the drill rig to be on site for next week. A further news release will be made when drilling commences. The Company plans to deepen two existing RC drill holes to a depth of about 550 metres into the hinge of the Red Setter Dome gold target that was identified by Expert Geophysics Limited (https://expertgeophysics.com) in September 2024 and as announced by Wishbone on 25 April 2025.”
