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An announcement from Koonenberry Gold Limited ( (AU:KNB) ) is now available.
Koonenberry Gold Limited has announced promising assay results from its fifth diamond drill hole at the Enmore Gold Project’s Sunnyside Prospect in northeast New South Wales. The results indicate significant gold mineralization, extending the mineralized zone and confirming the potential for bulk tonnage. The company is encouraged by the continuity of mineralization and plans to continue its exploration efforts with a fully funded 10,000-meter drilling program, supported by a strong cash position of $10.35 million. This development enhances Koonenberry’s positioning in the gold exploration sector, potentially increasing its attractiveness to stakeholders and investors.
More about Koonenberry Gold Limited
Koonenberry Gold Limited operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in identifying and developing gold deposits, with a particular emphasis on its projects in New South Wales, Australia.
Average Trading Volume: 15,231,655
Technical Sentiment Signal: Buy
Current Market Cap: A$62.51M
For detailed information about KNB stock, go to TipRanks’ Stock Analysis page.
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