"Koonenberry Gold Uncovers 80.5m @ 1.45g/t Gold Intersection at Enmore, Paving Way for a Funded $10M+ Drilling Expansion"
Monday, June 23, 2025
at
8:24 am
Koonenberry Gold Limited’s sixth drillhole at its Enmore Project in NSW extended gold mineralisation by 40m, including an 80.5m high-grade zone. With robust assay results and strong cash reserves, the company is set to commence over 10,000m of follow-up drilling, highlighting its growing exploration potential.
Koonenberry Gold Limited has reported robust assay results from its sixth diamond drillhole at the Enmore Gold Project’s Sunnyside Prospect in northeast New South Wales. The new data from drillhole 25ENDD006 confirms an extended gold mineralisation zone along the primary structural corridor. The drillhole intercepted 107 metres grading 1.14 grams per tonne gold from 189 metres, which includes a 80.5‑metre interval at 1.45 grams per tonne, a 35.5‑metre interval at 1.94 grams per tonne, and a 9.7‑metre interval at 3.18 grams per tonne gold. These findings extend the mineralisation by approximately 40 metres southwest of a previous drillhole, reinforcing continuity and bolstering confidence in the prospect’s potential.
The results are consistent with previous drillholes that returned significant widths and impressive grades, with intervals such as 170 metres at 1.75 grams per tonne and 172.9 metres at 2.07 grams per tonne from earlier holes. Geological observations confirm multiple phases of mineralisation, with primary gold hosted in quartz-iron carbonate veins observed in the new drillhole. The mineralised zone has an estimated true width of roughly 75 metres across strike along a prominent shear zone in the granite host rock, and the deposit remains open up-dip, down-dip, and laterally. Koonenberry Gold Limited anticipates additional assay results from four more drillholes, including one that has already returned visible gold, expected later this quarter.
Backed by a strong cash position of over $10 million, further exploration is set to commence in August, with more than 10,000 metres of drilling planned to target infill, extensions and additional discoveries. The company’s comprehensive drilling program is designed to test the continuity of mineralisation along a 200‑metre strike length and down to depths of 300 metres, while concurrently integrating structural, alteration and assay data that hint at a robust and multi‐staged gold system.
Market sentiment could view the news with a bullish tilt given the high-grade, continuous intercepts, the extension of the known mineralisation, and the company’s well-funded exploration program. These positive technical indicators and the potential for bulk tonnage deposits provide an encouraging outlook for future resource expansion. However, some caution is warranted as the intrinsic challenges associated with drillhole orientation, potential sampling bias, and early stage deposit definition remain. Investors might therefore balance optimism about the discovery’s long-term potential with the inherent risks typical of exploration-stage projects.