Koonenberry Gold Eyes Major Expansion at Enmore Project after High-Grade Drilling Success
Koonenberry Gold (ASX: KNB) is preparing to expand its district scale exploration at the Enmore gold project in NSW after intersecting extensive intervals of gold mineralisation from surface as well as high-grade gold intervals at depth.
The campaign has identified a gold-in-soil anomaly approximately 950 metres long and 300m wide that has highlighted the prospectivity of the greater Enmore project outside of the known mineralisation at the main Sunnyside site.
Highlight rock chip gold assays from the target included 14.05 grams per tonne, 11.09g/t, and 8.77g/t.
Multiple Drill Targets
Koonenberry has also identified multiple drill targets it intends to test in the company’s upcoming drilling program, which it expects to commence by the end of August.
The follow-up drilling will test the continuity and extensions to mineralisation at Sunnyside, perform discovery and growth drilling along the Sunnyside shear zone and investigate an area to the east where Koonenberry has identified a target with a strike length of approximately 2km.
The company is also planning to conduct further soil sampling along the Sunnyside shear zone, Borah fault and other highly prospective targets.
Productive June Quarter
Drilling, soil and rock chip sampling programs at Enmore were Koonenberry’s major focus in the most recent quarter, which ended on June 30, with the company completing 10 holes of diamond drilling for 3,042m at Sunnyside.
Koonenberry intersected gold mineralisation from surface over an estimated true width of 75m, with 300m vertical depth extent and more than 200m strike extent.
Newmont subsidiary Newmont Exploration also completed drilling activities involving more than 100 holes at the Junee and Fairholme projects within the Lachlan operation, where Koonenberry has a minority interest.
New field work at the company’s Prince of Wales gold project successfully identified copper and gold targets along a 2.5km long trend including rock chip results up to 2.41g/t gold and 0.57% copper.
Other Recent Test Work
Koonenberry recently announced two separate areas for follow-up following assays from surface geochemical sampling at Prince of Wales.
The company also identified a 2.5km long gold-in-soil anomaly at its Back Station Creek prospect, with rock chip results from the area highlighting its gold and copper potential.
Koonenberry uncovered an 800m by 300m gold-in-soil anomaly at the Sybil prospect adjacent to two historical mines that produced a total of 26,600 ounces at 8.7g/t gold in the early 1900s to depths of 170m below surface.
With a cash balance of $8.7 million and no debt as at 30 June, the company is well-positioned to advance these prospects to drill-ready status throughout 2025 and into 2026.