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.
