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Company

Wishbone Gold PLC

LON:WSBN

Wishbone Gold PLC has three major exploration properties in Australia and three minor prospects. Two of these are located in the Pilbara region of Western Australia and the third is in the Mingela-Charters Towers region in Queensland. The company’s flagship project is Red Setter located approximately 13km south west of Newcrest’s Telfer operations. Red Setter is a Havieron/Telfer style gold prospect. Cottlesloe, 35km south east of Red Setter, has deposits visible at surface of silver and lead: metals which are essential for battery and electric car production. In Queensland the Wishbone II project has almost doubled with the addition of Wishbone VI. Simon Beams of Terra Search believes this area could host a Ravenswood style deposit similar to the Ravenswood mine to the south east.

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Mining

Wishbone Gold continues hunt for acquisitions

Australia focused precious metals firm Wishbone Gold said it continues on the hunt for suitable acquisitions, while continuing exploration. The group posted full year 2014 results today, which showed a pre-tax loss of $2.6mln compared to a

By Proactive