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Koonenberry Gold Limited ( (AU:KNB) ) has shared an update.
Koonenberry Gold reported an active March quarter, highlighting extensive drilling and sampling at its Enmore Project that extended gold mineralisation at the Sunnyside prospect to a vertical depth of 415 metres, with mineralisation remaining open at depth and along strike. The company also advanced first-pass drilling at the Hand in Hand and Postman’s Gully prospects and ramped up district-scale geochemical work along key fault zones to define additional targets.
At the Lachlan Project, Koonenberry completed an IP geophysical survey at the Dunedoo gold-silver-copper prospect and is planning further IP work and drilling at Wilga Flats, while anticipating Newmont-funded drilling at the Junee joint venture. Backed by a $4.45 million cash balance and no debt, the stepped-up exploration and strong pipeline of programs position the company for sustained news flow and potential resource growth, which may strengthen its standing among NSW-focused gold explorers.
More about Koonenberry Gold Limited
Koonenberry Gold Limited is an Australian mineral explorer focused on gold and copper projects in New South Wales. The company holds a portfolio of highly prospective, strategically located assets, including the Enmore and Lachlan projects, and operates with a strong emphasis on district-scale discovery potential and building a pipeline of drill-ready targets.
Average Trading Volume: 2,149,889
Technical Sentiment Signal: Sell
Current Market Cap: A$25.69M
See more data about KNB stock on TipRanks’ Stock Analysis page.