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An announcement from Koonenberry Gold Limited ( (AU:KNB) ) is now available.
Koonenberry Gold Limited has completed an IP Geophysics survey at the Enmore Gold Project in northeast New South Wales, identifying six high-priority drill targets along the Sunnyside Shear Zone. These targets are supported by gold and arsenic soil anomalies and are situated within the preferred granite host rock, indicating potential for significant gold mineralization. The company is well-funded with $8.7 million in cash and plans to commence an additional 10,000 meters of drilling in late August, weather permitting, to further explore and expand on the promising findings at Sunnyside.
More about Koonenberry Gold Limited
Koonenberry Gold Limited operates in the mining industry, focusing on gold exploration and development. The company is involved in identifying and developing gold resources, with a significant focus on projects in New South Wales, Australia.
Average Trading Volume: 14,001,376
Technical Sentiment Signal: Buy
Current Market Cap: A$48.69M
For detailed information about KNB stock, go to TipRanks’ Stock Analysis page.