WSBN White Mountain Property confirms potential
OREANDA-NEWS. Activities within and around Wishbone Gold's White Mountain Property confirms potential. As of September, 2014, Wishbone Gold (WSBN) is pressing forward with their exploration team's evaluation of the White Mountain tenement (EPM 18393) in northeast Queensland, Australia, while continuing to monitor the activities of adjacent and surrounding exploration programs.
Activities continue in the White Mountain area with additional geological mapping and geochemical and ground magnetic surveys, in addition to evaluating new ground radar technologies in geophysics for the purpose of identifying geological anomalies as sites for future drilling.
As indicated in previous announcements regarding the White Mountain tenement by WSBN last year (September 4, 2013), Mantle Mining(Mantle) has extensive properties adjacent to WSBN's western boundary that have focused on drilling along three nearly vertical, mineralized shear zones oriented northwest by southeast.
The results of this drilling have shown gold mineralization along the shear zones with gold grades that could support high-volume, open-pit mining operations. Mantle is well along in the feasibility studies and have applied for six (6) mining development licenses (MDLs) from the Queensland Government.
All of these activities have direct and indirect impact on the value of WSBN's White Mountain property as all three of the clearly mineralized trends on the Mantle properties appear to extend into the White Mountain property. This is supported by the occurrence of historical mines along the projected trends and on the sampling conducted to date, such as at Hackett's Reef, Clements' Copper, the Diecon Mines, and the Edwards antimony historical showing.
The mineralized zones have been located by conducting induced polarization (IP), ground magnetics, and other geophysical methods followed by drilling. An IP line conducted by Mantle is also shown in Figure 1, which illustrates the intensity of the IP response associated with these shear zones and which the WSBN exploration team expects will continue into the White Mountain area. But the team also cautions that the mineralization may not extend with the same mineralizing character as that present on the Mantle Mining properties. However, the latter likely suspects the mineralization does continue because that company has applied for large, new tenement areas that surround WSBN's White Mountain property.
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