Six Consecutive Holes at Enmore Show Visible Gold, Confirming Broad Mineralisation

Consistent Visible Gold Intersections

Koonenberry Gold Limited (ASX: KNB) has reported visible gold in its sixth consecutive diamond drill hole at the Enmore Gold Project in northeast New South Wales. This remarkable streak follows visible gold intersections in each of the first five holes, reinforcing the geological model of a robust and continuous gold system at the Sunnyside Prospect.

Visible gold was observed in multiple zones within hole 25ENDD006, including intervals from 194.02m to 222.68m. The mineralisation is hosted predominantly in the preferred granite rock, associated with iron carbonate quartz-pyrite-arsenian pyrite veins and breccias. This aligns with previous observations that the granite host and structural corridors are key controls on gold deposition.

Broad and High-Grade Mineralisation Confirmed

Earlier drill results have demonstrated broad zones of mineralisation with significant high-grade potential. Highlights include hole 001 returning 170m at 1.75g/t Au, including 18.3m at 9.95g/t Au, and hole 002 delivering 172.9m at 2.07g/t Au, including 25m at 5.23g/t Au. Hole 003 also returned 102m at 1.10g/t Au, including 9.7m at 3.57g/t Au. These results suggest a mineralised footprint extending at least 80m wide and 300m vertically, with indications that grades may increase with depth.

Managing Director Dan Power emphasised the significance of intersecting visible gold in every hole drilled so far, noting the ongoing drilling program aims to systematically test the size and continuity of the system. Hole 007 is underway, stepping out 40m southwest of hole 006 to extend the exploration footprint.

Structural Controls and Geological Setting

The Enmore Gold Project’s mineralisation is orogenic in nature, structurally controlled along the major Sunnyside shear zone and subsidiary structures. The system exhibits complex multi-phase veining and hydrothermal breccias, with gold associated with both early ductile deformation and later brittle events. The granite-sediment contact forms a prospective corridor over 550m in strike length, which remains open for further expansion.

Geological studies confirm that the mineralisation is hosted within quartz veins containing primary visible gold, often accompanied by sulphides such as pyrite and arsenian pyrite. The presence of free gold in later brittle structures suggests potential for high-grade shoots within the system.

Next Steps and Funding Position

Assay results for holes 4 and 5, which also contained visible gold, are expected in early to mid-May and late May to June respectively. These will provide critical data to refine the geological model and guide follow-up drilling. The current diamond drilling program has completed over 2,300m of a planned 3,000m, with further drilling planned to test lateral and depth extensions.

Koonenberry Gold is well positioned financially with $5.35 million in cash as of 31 March 2025, supporting ongoing exploration activities not only at Enmore but across its diverse NSW portfolio. The company is focused on advancing its projects to unlock value for shareholders through systematic exploration and resource definition.