Wishbone Gold Plc announced results of the pre collar Reverse Circulation ("RC") drilling at its Cotteslo Project. Cotteslo is considered highly prospective for precious and base metals. This announcement follows on from the 18 September announcement and provides further analysis of the RC drilling referred to therein and is a precursor to the Diamond drilling programme as referred to in the 12 October announcement which is expected to commence shortly.

Preliminarily drilling indicates the relevance of Esso's drill data which included 0.25% Copper (Cu), 4.6% Lead (Pb), 0.97% Zinc (Zn) 165 g/t Silver (Ag) and 0.26% Cobalt (Co), as announced by the Company on 27th April 2023. Highlights: Encouraging results from the first stage RC pre-collar drilling program. Results include anomalous zones within pyritic shale horizons up to 4684 g/t Zn and 1880 g/t Cobalt (Co).

Elevated Lead (Pb) to 577 g/t and up to 13 g/t Ag were also returned; Strong Zinc and Cobalt anomalism in pre collar hole 23CTRC0005 within weathered sulphidic shales with 1400 g/t Zn, 243 g/t Co over 78m from 12m depth. This includes 6m at 3500 g/t Zn and 1300 g/t Co from 50m. The above had support of Silver (Ag), Manganese (Mn) and Phosphorus (P) which are all good indicators of a base metal hydrothermal system; The level of anomalous values is consistent with the development of a significant basin related hydrothermal system consistent with a sediment hosted base metal deposit.

The geology includes prospective stratigraphy including thick sulphide rich zones and the presence of anomalous pathfinders such as Mn, Ba and P is also highly encouraging; Diamond drilling to start in the coming weeks; Diamond drilling costs are to be 50% funded by the Western Australian Government's EIS scheme up to a total of $220,000 of direct drilling costs; Nifty mineralization style is being targeted at Cottesloe. Nifty has produced more than 700Kt of copper metal with a further 940Kt in resource.