Wishbone Gold (LSE:WSBN) has completed the purchase of the Silver Lake Project, a 422 km2 high‑grade silver tenement in the Carnarvon Basin of Western Australia, by exercising its exclusive option.
The consideration was settled solely by the issue of 3.57m new shares at 29p per share.
The explorer says Silver Lake hosts extensive surface silver mineralisation along a 35 km structural corridor, with historic rock chip assays up to 847 g/t, other chips at 410 g/t and a prior drill intercept of 2m at 150 g/t from 4m depth.
Wishbone has appointed Apex Geoscience to compile and reinterpret historical data, will deploy a field crew in June to validate targets and expects to finalise a drill programme targeting priority zones with auger or air‑core rig activity in Q3 2026.
"We believe Silver Lake has the potential to be a high value opportunity which complements our exploration work at Red Setter and gives us an exciting project that we can work all year round," said Richard Poulden, Chairman.
