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An announcement from Koonenberry Gold Limited ( (AU:KNB) ) is now available.
Koonenberry Gold Limited has reported the discovery of visible gold in multiple drill holes during its Phase II diamond drilling program at the Enmore Gold Project in New South Wales. This discovery, along with the completion of additional drilling, underscores the potential for a robust gold system at depth, which remains open for further exploration. The company is well-funded to continue its exploration efforts, with significant cash reserves and potential additional funding from options. The ongoing drilling program aims to extend the known gold mineralization and is expected to provide significant news flow into the new year.
More about Koonenberry Gold Limited
Koonenberry Gold Limited is a company operating in the mining industry, focusing on the exploration and development of gold projects. Its primary market focus is on gold exploration, with significant projects like the Enmore Gold Project in northeast New South Wales, Australia.
Average Trading Volume: 3,779,056
Technical Sentiment Signal: Sell
Current Market Cap: A$40.07M
For a thorough assessment of KNB stock, go to TipRanks’ Stock Analysis page.