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Recent News
Recent MAGSPEC Airborne Surveys Pty Ltd recently completed a high resolution and ultra-detailed airborne magnetic survey across the entire Red Setter Project. The survey was completed on 100m line spacing and covered a total of 666 line-kilometres. Processing of the significantly high-resolution magnetic datasets, by VAR, has revealed that the magnetic bodies occur much closer to surface relative to their previous reported 150m-250m depth that was modelled on the wider spaced regional magnetic datasets. The relatively shallower target depth is strongly advantageous both from an exploration and future development potential perspective.
The highest priority magnetic bodies within Red Setter cover an expanded area of 3.5 km in strike length and 1 km in width. The highest order occurs over a strike length of 1500m with a width of 400m and occurs within 50-75m of surface. Results of this modelling shows several north plunging magnetic bodies within this anomaly of equivalent susceptibility (possibly pyrrhotite alteration) to that evident at both Newcrest Mining and Greatland Gold’s Havieron and RioTinto’s Winu discoveries.
Wishbone has filed its drilling programme for the targets identified on its Red Setter Project in the Pilbara region of Western Australia.
Location & Infrastructure
The 57.4 km2 Red Setter Project is located only 13 km south-west of Newcrest Mining’s Telfer Gold Mine and about 60 km west of Newcrest and Greatland Gold’s Havieron discovery.
Previous Exploration
Limited historical work has been completed on the area to date. Any known recorded work predates the recent BHP Winu and Newcrest and Greatland Gold Havieron discoveries.
A majority of the drilling has failed to penetrate the shallow Permian cover in the area, which is estimated to be around 100m in depth on Red setter compared to the ~400m Permian cover at Havieron.
3 deeper RC drillholes, drilled by Encounter Resources with EIS support from the WA Government in the vicinity of, but adjacent to some of the magnetic anomaly, penetrated the Permian in 2 holes indicating an approximate depth of cover under 100m in this area at least.
These holes returned low geochemical response but showed evidence of alteration assemblages of albite and calcite with similarities to the system at the Havieron area.