Wishbone Gold secures government funding for Cottesloe project in Western Australia.

Wishbone Gold PLC (AIM: WSBN, AQSE: WSBN) has received approval from the government for a jointly funded drilling program at the Cottesloe project in Western Australia.

The proposed drilling program will be part of the prominent Exploration Incentive Scheme (EIS), which Wishbone pointed out consisted of a competitive application process for a 50% financial participation from the Western Australian government to promote innovative exploration drilling projects.

In a statement, Wishbone informed shareholders that it had been awarded funding of A$220,000 for its promising program at Cottesloe.

“The government’s substantial contribution to our planned Cottesloe program is something we are proud of, especially as we were chosen to receive this significant grant,” the company expressed.

They added that drilling, which will focus on the mineral-rich zones previously identified, is scheduled to occur later this year.

Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Weekly Newsletter

Sign up to receive exclusive stock market content in your inbox, once a week.

We don’t spam! Read our privacy policy for more info.