Wishbone Gold's drilling at the Red Setter project in Western Australia has revealed wide zones of gold and copper mineralisation with grades comparable to those processed at the nearby Telfer mine, one of Australia's largest gold and copper operations. Notable intercepts include 14.4 meters at 0.81 g/t gold and 12 meters at 0.15% copper, exceeding Telfer's recent head grades. The results suggest significant mineralisation at shallower depths than expected, supporting Wishbone's exploration potential. The company has drilled 40 holes in 2026 but faces assay delays due to lab backlogs. The project, located near Telfer and Cyprium Metals' Nifty copper mine, is advancing with a large backlog of results yet to be analyzed, indicating promising prospects ahead.
Wishbone Gold's drilling results provide context for basic materials investors. As of Oct 20, 2026 17:11 WIB, 23 of 83 Pluang-traded Basic Materials stocks rose while 56 fell. Notable movers include ALM at USD 8.56 (-3.06%), RIO at USD 87.14 (-2.64%) with 85% buy orders, and AU at USD 89.43 (-2.28%) with 76% sell orders.
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