Koonenberry Targets 2,000m Drilling at Sunnyside with Historic 174m @ 1.83g/t Au

Koonenberry Gold Commences Drilling at Enmore

Koonenberry Gold Ltd has officially kicked off its maiden diamond drilling program at the Enmore Gold Project in northeastern New South Wales. The program focuses on the Sunnyside Prospect, a priority target identified through a comprehensive technical review following the company’s recent acquisition of the project.

The Enmore Project, covering 134 square kilometres, is strategically located just 20 kilometres south of Larvotto Resources’ Hillgrove Gold-Antimony Mine, which hosts 1.7 million ounces of gold equivalent. This proximity underscores the district’s potential for significant gold discoveries.

Historical Drilling Highlights and Geological Context

Historical drilling at Sunnyside has revealed impressive gold mineralisation, including a standout intercept of 174 metres at 1.83 grams per tonne (g/t) gold, featuring higher-grade zones such as 31 metres at 3.05 g/t and 3 metres at 8.86 g/t gold to the end of hole. Importantly, many of these deeper drill holes ended in mineralisation, indicating that the gold system remains open in multiple directions, along strike, across strike to the northwest, and both up and down dip.

The gold mineralisation at Enmore is orogenic in nature, structurally controlled by northeast-trending shear zones and faults. The Sunnyside Prospect occurs along the Sunnyside fault, where gold is hosted within mylonitic textures at the contact between porphyritic biotite monzogranite and sedimentary rocks. The mineralisation is associated with arsenopyrite and pyrite, with evidence suggesting multiple mineralising events that could yield both bulk tonnage and high-grade shoots.

Drilling Program Objectives and Exploration Strategy

The current drilling campaign plans to complete 5 to 7 diamond holes totaling approximately 2,000 metres. The objectives are to test the extent of the known mineralisation footprint, better understand structural controls, and identify optimal drilling directions to target potential high-grade shoots that previous drilling may have missed due to suboptimal angles.

Concurrent with drilling, Koonenberry will undertake soil sampling across the district to advance other high-grade targets to drill-ready status. This integrated approach aims to leverage the company’s extensive NSW portfolio, which includes multiple gold and copper projects, to maximise exploration value.

District Potential and Broader Portfolio

Beyond Sunnyside, the Enmore Project hosts numerous prospects with historical high-grade gold occurrences, such as Lone Hand, Borah, Queen of Sheba, Ben Evis, and Hand in Hand. These prospects feature underground workings and rock chip samples with grades ranging from several grams per tonne to exceptional bonanza-style values exceeding 200 g/t in some cases.

Koonenberry’s broader NSW portfolio spans over 4,000 square kilometres, including the Lachlan and Koonenberry Projects, positioning the company at a discovery inflection point in a historically underexplored but highly prospective region. The company’s strategy to systematically test these targets could unlock significant shareholder value if exploration success continues.

Management Commentary and Next Steps

Managing Director Dan Power expressed enthusiasm about the drilling program, highlighting the diligent preparatory work by the company’s geologists and timely regulatory approvals. He emphasised the potential for both bulk tonnage and high-grade mineralisation akin to the nearby Hillgrove mine.

Results from this initial drilling campaign will inform follow-up programs aimed at delineating mineralisation continuity and expanding the resource footprint. The company plans to provide regular updates as exploration progresses.