Wishbone Gold has claimed excellent initial results from exploration at White Mountains.
The AIM listed precious metals trading and exploration company (AIM: WSBN) notes that its exploration consultants (Terra Search) have identified initial gold and copper grades at Surface from the the project in Queensland, Australia.
White Mountains is a development completely owned by Wishbone and includes a 4,491-hectare Exploration Licence (EPM 18393).
Among the headline findings were grades up to 44 g/t Au (grams per tonne gold) from NE Workings from stream sediments.
Commenting on the development was Richard Poulden, chairman of Wisbone Gold who noted he now looks forward as drilling preparation begins:
“We announced in September that we were recommencing exploration at both White Mountains and Wishbone II in Queensland. These are excellent initial results from the Terra Search programme at White Mountains and these are only the first results back from the assay laboratory. I look forward to reporting further significant results over the coming weeks as we prepare for a drilling programme at White Mountains.”
The share price of WSBN is currently trading at 9.50p – prior to the opening of the markets.