Koonenberry Gold Shares Surge 14.7% on Visible Gold Discovery in NSW

February 19, 2025 11:13 AM AEDT | By Team Kalkine Media

Koonenberry Gold Shares Surge 14.7% on Visible Gold Discovery in NSW — Image source: shutterstock

Breakthrough Drilling Results

Koonenberry’s latest drilling results revealed visible gold across multiple zones in diamond drill hole 25ENDD001, with the most significant intersection occurring between 172.8m and 175.14m.

This drill hole is a twin of historical Reverse Circulation (RC) hole OSSRC006, which had previously returned 174m @ 1.83g/t Au, including a high-grade zone of 3m @ 8.86g/t Au from 172m to end of hole (EOH).

The company’s ongoing 8-10 hole, 3,000m diamond drilling program at Sunnyside is designed to extend known gold mineralisation and test a newly interpreted NNW-SSE structural trend, which has not been optimally drilled in previous exploration campaigns.

A High-Potential Gold Project Near Major Deposits

Koonenberry’s Enmore Gold Project is situated just 20km south of Larvotto Resources’ (ASX:LRV) 1.7Moz Hillgrove Gold-Antimony Mine, placing it in a geologically favorable district for large-scale gold discoveries.

The company's new exploration efforts build on prior drilling by GUE/Okapi Resources (2021-2022), which had returned significant intercepts, including:

174m @ 1.83g/t Au, including 100m @ 2.34g/t Au and 3m @ 8.86g/t Au from 172m (OSSRC006).
119m @ 0.99g/t Au, including 69m @ 1.38g/t Au from 184m (OKDD001).
100.5m @ 1.29g/t Au from 107m to EOH (OKDD002).
30.2m @ 1.95g/t Au from 189m to EOH (OKDD003).

What’s Next for Koonenberry Gold?

With initial assay results expected by late March–early April 2025, Koonenberry Gold is set to generate significant investor interest as it works toward confirming a large, high-grade gold deposit.

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