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Koonenberry Gold Limited ( (AU:KNB) ) has provided an announcement.
Koonenberry Gold Limited has reported the discovery of visible gold in the first two drill holes of its Phase II diamond drilling program at the Enmore Gold Project in New South Wales. This discovery extends the mineralization system to a depth of 425 meters, with the system remaining open at depth and appearing to widen. The company is well-funded with $7.8 million in cash to continue its exploration efforts, which include testing a 2km shear zone towards the Hand in Hand Prospect. The discovery is significant for Koonenberry Gold’s operations as it confirms the geological model and suggests potential for further gold mineralization, strengthening its position in the gold mining sector.
More about Koonenberry Gold Limited
Koonenberry Gold Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is engaged in identifying and developing gold resources, with a particular emphasis on projects in New South Wales, Australia.
Average Trading Volume: 4,652,185
Technical Sentiment Signal: Hold
Current Market Cap: A$42.13M
See more insights into KNB stock on TipRanks’ Stock Analysis page.