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Wishbone Gold PLC - Gibraltar-based precious metals trading and exploration company with assets in Australia - Signs exclusive 90 day option to acquire the ‘highly prospective’ Ankell gold-copper project for £320,192. The consideration consists of £50,000 in cash and 2.2 million shares in the company at a deemed issue price of 14.75 pence. The project is located in the Patersons Range area, Western Australia. Agrees to pay vendors an option payment of £25,000. Starts due diligence on the project and will complete it during the option period.
‘We are very pleased to have secured this hotly contested project and to be expanding our presence in the Patersons Range region of Western Australia. We are in the centre of active exploration by large companies which have had success. Anketell has a discrete bullseye magnetic feature, that is similar to other known mineralised features in the district,’ Chair Richard Poulden comments.
Current stock price: 14.85 pence
12-month change: up 58%
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