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An update from Koonenberry Gold Limited ( (AU:KNB) ) is now available.
Koonenberry Gold has defined a 2km mineralised trend at the Hand in Hand prospect within the Enmore Gold Project in NSW, following a first-pass, wide-spaced RC drilling program of 15 holes totaling 1,864m. Eleven of the holes returned significant gold intersections, including broad zones of anomalous mineralisation such as 50m at 0.36 g/t Au from surface and 40m at 0.35 g/t Au from 86m, highlighting the fertility of the Sunnyside Shear Zone. Mineralisation remains open between drill holes, at depth and along strike, particularly in a 500m gap between the established Sunnyside prospect and hole 25ENRC015, which delivered a promising 25m at 0.38 g/t Au. While groundwater limited drilling depths to about 100m vertical—shallower than the intended 250m and below the typical high-grade zones at Sunnyside—the results, alteration signatures and structural setting suggest strong potential for ‘Sunnyside-style’ high-grade repetitions. Koonenberry plans further structural analysis, additional along-strike drilling, and deeper diamond drilling to target high-grade zones, with its fully funded 10,000m diamond program at Sunnyside now resumed and supported by a $7.8m cash balance, positioning the company for substantial exploration news flow and potential resource growth.
The most recent analyst rating on (AU:KNB) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Koonenberry Gold Limited stock, see the AU:KNB Stock Forecast page.
More about Koonenberry Gold Limited
Koonenberry Gold Limited is an Australia-based mineral exploration company focused on gold projects, with a particular emphasis on the Enmore Gold Project in New South Wales. The company targets structurally controlled gold systems, such as the Sunnyside Shear Zone, and is currently advancing its portfolio through reverse circulation and diamond drilling programs, supported by a strong cash position to fund ongoing exploration.
Average Trading Volume: 2,915,749
Technical Sentiment Signal: Buy
Current Market Cap: A$47.26M
For an in-depth examination of KNB stock, go to TipRanks’ Overview page.