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Koonenberry Gold Limited ( (AU:KNB) ) has shared an update.
Koonenberry Gold Limited announced the completion of a fully-funded drilling program by Newmont Exploration Pty Ltd at its Junee and Fairholme JV Projects in New South Wales. The drilling at the Junee Project revealed promising gold, copper, and molybdenum results, expanding the prospective area of the Carters Prospect. Although no significant results were found at the Fairholme Project, the findings suggest potential for a porphyry system, necessitating further exploration. This development could enhance Koonenberry’s positioning in the mining sector by identifying new mineral resources and advancing its exploration projects.
More about Koonenberry Gold Limited
Koonenberry Gold Limited is a company operating in the mining industry, focusing on exploration and development of gold and copper resources. The company’s market focus includes joint venture projects aimed at discovering and developing mineral deposits, particularly in regions with potential for porphyry systems and epithermal gold systems.
Average Trading Volume: 18,600,967
Technical Sentiment Signal: Sell
Current Market Cap: A$33.81M
For detailed information about KNB stock, go to TipRanks’ Stock Analysis page.