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.
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.
Recent News Releases on Project
|Red Setter interpreted as potential analogue to the nearby Telfer Gold Mine||April 4, 2023||News||news|
|Update on Red Setter Analysis||March 16, 2023||News||news|
|Magneto Tellurics Survey Underway over Paterson Range||December 22, 2022||News||news|
|Confirmation of Hydrothermal Gold and Copper System at Red Setter||December 13, 2022||News||news|
|High Resolution Gravity Survey to start at Red Setter Project, Drilling Continues||September 8, 2022||News||news|
|Encouraging Visual Drilling Results at Red Setter Project||August 17, 2022||News||news|
|Second Drill Rig On-site at Red Setter Project||August 15, 2022||News||news|
|Second Drill Rig Secured for Red Setter Project||August 3, 2022||News||news|
|Encouraging Visual Results at Red Setter Project||August 1, 2022||News||news|
|Drilling Underway at Red Setter Project||June 17, 2022||News||news|
|Drill Rig Mobilising to Red Setter Project||May 31, 2022||News||news|
|Heritage Survey Over Additional Targets at Red Setter Project Completed||May 19, 2022||News||news|
|Heritage Survey Over Additional Targets at Red Setter Project Underway||May 12, 2022||News||news|
|Drilling Contract Signed for Red Setter Project||May 3, 2022||News||news|
|Cottesloe and Red Setter Project Update||March 7, 2022||News||news|
|Drilling Underway at Red Setter||December 9, 2021||News||news|
|Drilling Preparations Underway at Red Setter||November 19, 2021||News||news|
|Land Access Agreement signed with Martu Native Title Holders||September 6, 2021||News||news|
|Tenement-Wide Red Setter Sampling Programme Underway – Patersons Range, Western Australia||August 10, 2021||News||news|
|Wishbone Gold at Shares Spotlight||June 24, 2021||Media, News||media news|
|Red Setter Exploration Update and Equity Raise||May 20, 2021||News||news|
|Wishbone Announces filing for Drilling Programme at Red Setter, Patersons Range, Western Australia||April 23, 2021||News||news|
|Multiple New Shallow Gold Targets Defined at Red Setter Project||February 18, 2021||News||news|
|Aerial Magnetic Survey Completed at the Red Setter Project||January 13, 2021||News||news|
|Aerial Magnetic Survey Update in Red Setter Project||January 12, 2021||News||news|
|Aerial Magnetic and Radiometric Survey in Red Setter Project||January 7, 2021||News||news|
|Placing to Fund Exploration and Drilling at Red Setter Project – Australia and Total Voting Rights||December 10, 2020||News||news|
|Clarification re: Completion of acquisition – announced 12 November 2020||November 16, 2020||News||news|
|Exploration Plans for the Red Setter Project in the Patersons Ranges in Western Australia||November 16, 2020||News||news|
|Completion of acquisition of Patersons Range Havieron/Telfer Project, TVR||November 12, 2020||News||news|
|Gold Targets Identified – Havieron / Telfer Project||November 4, 2020||News||news|
|Acquisition of option on Significant Havieron / Telfer Region Tenement Package||October 5, 2020||News||news|