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Wishbone Gold signs 'crucial' WA land access agreement
6th Sep 2021 15:55
(Sharecast News) - Wishbone Gold announced the signing of the "crucial" land access agreement with the Western Desert Lands Aboriginal Corporation (Jamukurnu-Yapalikunu), or 'WDLAC'. acting on behalf of the Martu People on Monday.
The AIM-traded firm has a group of "highly prospective" properties in the Patterson Ranges area, being the Red Setter project 13 kilometres southwest of Newcrest Mining's Telfer Gold-Copper mine, two smaller tenements to the east of Red Setter being the Golden Retriever and Short-Haired Pointer projects, and the Cottesloe Project, 55 kilometres southwest of the Telfer Gold Mine and about 35 kilometres southeast of Red Setter.
It said the agreement covers all of the properties, and would allow the company to move forward with a Heritage Survey to establish and verify if there are any aboriginal sites of cultural significance on the properties.
Following that, it could finalise access for the drilling programmes with WDLAC, which had already been approved by the Western Australian government's Department of Mines, Industry Regulation and Safety.
"The signing of this milestone agreement is a big step forward for our plans to drill Red Setter and Cottesloe as soon as we can," said chairman Richard Poulden.
"We look forward to working with the Martu People and WDLAC in exploring this recently discovered and highly prospective region."
At 1537 BST, shares in Wishbone Gold were down 2.31% at 9.87p.
The AIM-traded firm has a group of "highly prospective" properties in the Patterson Ranges area, being the Red Setter project 13 kilometres southwest of Newcrest Mining's Telfer Gold-Copper mine, two smaller tenements to the east of Red Setter being the Golden Retriever and Short-Haired Pointer projects, and the Cottesloe Project, 55 kilometres southwest of the Telfer Gold Mine and about 35 kilometres southeast of Red Setter.
It said the agreement covers all of the properties, and would allow the company to move forward with a Heritage Survey to establish and verify if there are any aboriginal sites of cultural significance on the properties.
Following that, it could finalise access for the drilling programmes with WDLAC, which had already been approved by the Western Australian government's Department of Mines, Industry Regulation and Safety.
"The signing of this milestone agreement is a big step forward for our plans to drill Red Setter and Cottesloe as soon as we can," said chairman Richard Poulden.
"We look forward to working with the Martu People and WDLAC in exploring this recently discovered and highly prospective region."
At 1537 BST, shares in Wishbone Gold were down 2.31% at 9.87p.