LONDON (ShareCast) - (Sharecast News) - Wishbone Gold announced on Friday that drilling is underway at its Red Setter Gold-Copper Project, in the Patersons Range area of Western Australia.
The AIM-traded firm's Red Setter is situated on the 57.4 square kilometre wholly-owned exploration licence EL45/5297, 13 kilometres south west of Newcrest Mining's Telfer Gold-Copper Mine and 60 kilometres west of Newcrest and Greatland Gold's Havieron gold-copper discovery.

It said the first phase of the drilling contract was for 3,000 metres of drilling at Red Setter, with the second phase for a further 7,000 metres of drilling split between Red Setter and the company's Cottesloe Project to the south.

The track-mounted drilling rig is a multi-purpose rig, the board said, capable of 150 metres reverse circulation and diamond core to 1,200 metres.

"We are very pleased for drilling to have started at Red Setter," said chairman Richard Poulden.

"It is exciting to be using DDSR's multi-purpose rigs which should provide a much more efficient programme.

"We will provide updates as the work progresses."

At 1224 BST, shares in Wishbone Gold were up 3.83% at 11.94p.

Reporting by Josh White at Sharecast.com.

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