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Koonenberry Gold Limited ( (AU:KNB) ) has shared an update.
Koonenberry Gold Limited announced promising assay results from its third diamond drillhole at the Enmore Gold Project’s Sunnyside Prospect in northeast New South Wales. The results revealed significant gold mineralization, including a 102-meter interval at 1.10 grams per tonne of gold, with a high-grade section of 9.7 meters at 3.57 grams per tonne. These findings suggest the potential for broad shallow gold mineralization and high-grade zones at depth, with mineralization remaining open in multiple directions. The company is well-funded with $5.35 million in cash, allowing it to continue its exploration activities and potentially expand its drilling program.
More about Koonenberry Gold Limited
Koonenberry Gold Limited operates in the mining industry, focusing on gold exploration and extraction. The company is engaged in developing its gold projects, with a particular emphasis on the Enmore Gold Project in New South Wales, Australia.
YTD Price Performance: 650.0%
Average Trading Volume: 10,405,006
Technical Sentiment Signal: Sell
Current Market Cap: A$70.57M
Find detailed analytics on KNB stock on TipRanks’ Stock Analysis page.