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Wishbone Gold stock rockets after Patersons Range target discovery

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(Kitco News) - Wishbone Gold's share price has shot over 62% higher this morning in the London trading session. The firm says they have identified four magnetic targets of considerable size on its Patersons Range project. The area covers 2.4 kilometres by 400 metres (m) and is much shallower than the nearby Havieron discovery, with the top of the magnetic targets ranging from 150m to 250m below the surface.

Wishbone has also confirmed it has now completed legal and technical due diligence on the Patersons Range project, in the Havieron and Telfer region of Western Australia, and will now move to close the acquisition on the previously announced terms.

As you can see from the daily chart below the price has spiked up dramatically. There has also been a decent increase in volume which is a good sign that there is good backing in this company. Since 18th August the price has moved a massive 742% and there there could be some way to go. 

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