Wishbone and Partners Receive Honduras License

RNS Number : 0083L

Wishbone Gold PLC

19 December 2018

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").

19 December 2018

Wishbone Gold Plc

("Wishbone Gold" or the "Company")

Wishbone Gold Plc / Index: AIM: WSBN / Sector: Natural Resources / NEX: WSBN

Wishbone and Partners Receive Honduras License

Wishbone Gold, the gold trading and exploration company announces that our Honduran partners (Sion Honduras SA) have received the license to operate the plant and equipment on the first Honduran mining and processing site under the joint venture announced 31 March 2017.

The site was set up to provide artisanal miners with the correct equipment to process gold bearing ore. The plant will significantly boost the recovery of gold for the miners in the region and also eliminate the use of mercury which can be harmful to people and the environment.

The project was initially delayed by the weather and then due to licensing issues, which Sion Honduras SA were in charge of obtaining.

With all now completed Wishbone Gold is pleased to announce that the site is now licensed and operational. Wishbone Gold will accelerate production over the coming months and expect to be shipping to Dubai in the first quarter of next year.

Chairman of Wishbone Gold Richard Poulden says, "I am pleased that our first plant is licensed and starting production. We are looking forward to producing gold and starting other sites in the future."

Enquiries:

Wishbone Gold PLC

Richard Poulden, Chairman                                         Tel: [phone]

Allenby Capital Limited

(Broker, Corporate Adviser and Nominated Adviser)

Nick Naylor/Nick Harriss                                             Tel: [phone]   

Turner Pope Investments (TPI) Limited                       Tel: [phone]

(Joint Broker)

Andy Thacker   

Damson Communications

(Public Relations)

Abigail Stuart-Menteth/Rosie Quigley                           Tel: [phone]

 

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