Koonenberry Gold Unveils 102m at 1.10g/t Au in Third Enmore Drillhole
Koonenberry Gold’s third diamond drillhole at the Enmore Project delivers a substantial 102m intercept averaging 1.10g/t gold, including a high-grade 9.7m zone at 3.57g/t, reinforcing the prospect’s broad and shallow gold mineralisation potential.
- Third drillhole (25ENDD003) returns 102m @ 1.10g/t Au including 9.7m @ 3.57g/t Au
- Mineralisation open along strike, up dip, and at depth within a 150m structural corridor
- Screen Fire Assays suggest potential grade upgrades of 35-50%
- Previous holes show consistent high-grade zones increasing with depth
- Company holds $5.35M cash and ongoing drilling with results from holes 4 and 5 expected soon
Significant Gold Intercepts at Sunnyside
Koonenberry Gold Ltd has announced compelling assay results from its third diamond drillhole (25ENDD003) at the Sunnyside Prospect within the Enmore Gold Project in northeast New South Wales. The hole intersected a broad 102-metre interval averaging 1.10 grams per tonne (g/t) gold starting from 184 metres downhole, including a standout 9.7-metre section grading 3.57 g/t Au. This intercept confirms the presence of extensive, relatively shallow gold mineralisation with promising high-grade zones at depth.
Structural Controls and Mineralisation Potential
The mineralisation is hosted within a roughly 150-metre wide structural corridor parallel to the granite-sediment contact, interpreted as a first-order shear zone acting as a long-lived hydrothermal fluid conduit. Geological logging and multi-element geochemistry support the prospectivity of this corridor for both bulk tonnage and high-grade granite-hosted gold mineralisation. Notably, gold grades appear to increase with depth, a trend consistent across all holes drilled to date.
Screen Fire Assay Upgrades and Ongoing Drilling
Importantly, Screen Fire Assays (SFA) were conducted on samples containing visible gold, revealing an average 23% increase in gold values compared to standard fire assays, with increases up to 34% for assays above 3 g/t Au. This suggests the reported grades could be conservative, with potential upgrades of 35-50% anticipated as further SFA results are received. The company is progressing with its drilling program, having completed over 2,100 metres of a planned 3,000 metres, with results from holes 4 and 5 expected in the coming weeks.
Context Within the Enmore Gold Project and Broader Portfolio
The Enmore Gold Project is situated in the highly prospective New England Fold Belt, a region known for significant gold deposits including the nearby Hillgrove Au-Sb Mine. Koonenberry’s exploration strategy targets structurally controlled orogenic gold mineralisation along major shear zones. The company’s broader portfolio includes multiple gold and copper projects across New South Wales, positioning it well for further discoveries. With $5.35 million in cash reserves, Koonenberry is well-funded to advance exploration activities.
Looking Ahead
These latest results reinforce the potential scale and grade of the Sunnyside Prospect and provide a strong foundation for follow-up drilling to delineate mineralisation continuity. The open nature of the system along strike, up dip, and at depth, combined with the possibility of grade upgrades from SFA, makes Enmore a compelling target in Koonenberry’s portfolio. Investors and analysts will be watching closely as further assay results and drilling updates unfold.
Bottom Line?
Koonenberry Gold’s Enmore drilling continues to unlock promising gold mineralisation, setting the stage for a pivotal exploration phase.
Questions in the middle?
- Will Screen Fire Assay upgrades materially increase reported grades and resource potential?
- How will results from holes 4 and 5 influence the understanding of mineralisation continuity and grade distribution?
- What are the next steps for resource estimation and potential development timelines at Enmore?
