Koonenberry Gold Limited Unveils Fully-Funded JV Drilling Success in NSW, Expanding High-Potential Copper-Gold Prospects

Friday, June 27, 2025
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9:51 am
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Koonenberry Gold Limited reported promising results from its fully funded air core drilling at the Junee and Fairholme JV Projects in NSW. Supported by Newmont, the program expanded target areas with encouraging gold, copper, and molybdenum findings, setting the stage for further exploration and enhanced shareholder value.

Koonenberry Gold Limited has released detailed drilling results from its jointly funded projects in New South Wales, outlining significant progress at both the Junee and Fairholme projects. The Junee Copper-Gold JV has seen an extensive air core drilling program, with 94 holes totalling 6,743 metres. Notable results include 33 metres at 0.11 g/t gold and 2 metres at 0.11% copper from the Carters Prospect, as well as additional high-grade intersections with gold, copper, and molybdenum. These outcomes have expanded the lateral extent of the Carters mineralisation to approximately 1.6 kilometres along strike by 0.3 kilometres in width. The drilling has also highlighted potential in the Kurrajong prospect, where an intersection recorded 45 metres with notable molybdenum values and copper indications that may be linked to an undrilled porphyry system. Furthermore, a geochemical review across the project identified areas with geochemical footprints similar to large-scale deposits, adding further impetus to future exploration efforts. In contrast, the Fairholme Copper-Gold JV project completed 10 air core holes over 1,157 metres with no significant gold or copper assays, although pathfinder geochemistry indicated anomalous arsenic and antimony values. These results suggest that the Fairholme area, which targets similar porphyry-style systems, remains in the early stages of evaluation and will require additional work to determine exploration vectors, particularly through further interpretation of its magnetic highs and lows. The company emphasized that Newmont Exploration Pty Ltd fully funded this phase of drilling on both projects. At Junee, the program was strategically aimed at shallow basement sampling to better define structural trends and intrusive complexes. In the Fairholme project, the trial was designed to test whether air core drilling could intercept basement mineralisation, with encouraging signs from arsenic anomalies hinting at the potential of an undrilled intrusive system. Overall, the forward program involves further interpretation of all results before next steps and drill targets are officially announced. There are mixed sentiments following the news. Bullish perspectives point to the significant expansion of mineralised corridors at Junee, solid drill results supporting multiple targets, and a strategic fully funded program by a major industry partner. This underlines the potential for exciting discoveries that could drive long-term shareholder value. On the other hand, some investors may view the lack of significant assay results at Fairholme and the early developmental stage of several targets as cautious indicators. The high level of exploration risk and the need for further drilling to confirm discoveries may temper enthusiasm until more substantial results emerge. Overall, Koonenberry Gold Limited’s latest drilling campaign demonstrates robust exploration activity with promising targets, while also highlighting areas that require additional work, marking a pivotal step in unfolding the full potential of these projects in a renowned mining region of New South Wales.

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