Koonenberry Gold Limited ( (AU:KNB) ) has issued an announcement.
Koonenberry Gold Limited has identified visible gold in the third and fourth drill holes of its diamond drilling program at the Enmore Gold Project in northeast New South Wales. This discovery, along with previous findings, suggests a significant potential for gold mineralization within a structural corridor measuring 125m by 550m. Despite a temporary pause in drilling due to weather conditions, the company anticipates resuming operations shortly and expects initial drill results in early April 2025. The findings could enhance Koonenberry’s industry positioning by confirming the geological model and expanding the search space for gold deposits.
More about Koonenberry Gold Limited
Koonenberry Gold Limited is a company operating in the mining industry, focusing on the exploration and development of gold resources. The company is primarily engaged in identifying and extracting gold deposits, with a market focus on expanding its gold mining operations.
YTD Price Performance: 123.08%
Average Trading Volume: 3,875,700
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$27.29M
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