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Wishbone Gold ( (GB:WSBN) ) has provided an update.
Wishbone Gold Plc has announced an expansion of its drilling program at the Red Setter Gold Dome Project in Western Australia, facilitated by a recent £4 million funding raise. The company has secured a second drill rig, a high-capacity Reverse Circulation rig, to complement the existing diamond drill rig, enhancing their ability to target shallower copper and gold mineralization. This strategic move is expected to expedite the drilling process and improve operational efficiencies, potentially impacting the company’s exploration success and positioning in the mining sector.
More about Wishbone Gold
Wishbone Gold Plc operates in the mining industry, focusing on the exploration and development of gold and copper resources. The company is actively engaged in projects in Western Australia, with a significant emphasis on the Red Setter Gold Dome Project.
Average Trading Volume: 151,314,143
Technical Sentiment Signal: Buy
Current Market Cap: £35.02M
Find detailed analytics on WSBN stock on TipRanks’ Stock Analysis page.