Exploration Upside at Enmore Hinges on Upcoming Drilling Results

Exploration Breakthrough at Enmore

Koonenberry Gold Limited (ASX – KNB) has announced compelling exploration results from its Enmore Gold Project in northeast New South Wales. The company has identified a new high-grade gold target situated on the Borah Fault, a regional structure running parallel to the well-known Sunnyside Shear Zone. This discovery expands the district-scale potential of the project beyond the existing Sunnyside Prospect.

The highlight is a robust gold-in-soil anomaly extending over 950 metres in length and approximately 300 metres wide, with peak gold values reaching 364 parts per billion. Complementing this, rock chip samples from historical workings at the Postman’s Gully Prospect returned impressive assays, including grades as high as 14.05 grams per tonne of gold, with visible gold confirmed in several samples. The mineralisation style, characterised by quartz-sericite-pyrite alteration and multi-stage brecciation, is consistent with that observed at Sunnyside, reinforcing the geological significance of the new target.

Strategic Location and Geological Context

The newly identified target lies along the Borah Fault, a major northeast-trending structure that mirrors the Sunnyside Shear Zone’s orientation and lithology. This parallel positioning suggests a fertile structural corridor that may host significant gold mineralisation. Soil geochemistry also revealed pathfinder elements such as arsenic, antimony, tellurium, and tungsten, which often accompany gold deposits, further validating the prospectivity of the area.

Historical exploration at Postman’s Gully was limited, with only three shallow drill holes totaling 254 metres, none of which fully tested the newly defined soil anomaly. This leaves considerable upside for Koonenberry as it prepares to drill multiple targets in the upcoming campaign.

Upcoming Drilling and Funding Position

Building on the success of its maiden diamond drilling program at Sunnyside, which intersected broad zones of gold mineralisation from surface and high-grade intervals at depth, Koonenberry is poised to commence a new drilling program in late August, weather permitting. This program will test the continuity of mineralisation at Sunnyside and explore the new targets along the Borah Fault.

With a strong cash position of $8.7 million as of June 30, 2025, the company is well funded to advance its exploration agenda across its diverse portfolio of gold and copper projects in NSW. Planned activities include further soil sampling, geophysical surveys such as induced polarization (IP), and extensive drilling exceeding 10,000 metres to delineate and expand mineralisation zones.

District-Scale Potential and Strategic Outlook

The Enmore Gold Project’s expanding footprint, now highlighted by this new parallel shear zone target, underscores the district’s significant gold potential. Koonenberry’s strategic focus on structural corridors like the Sunnyside Shear Zone and Borah Fault aligns with models of orogenic gold mineralisation, where large-scale crustal structures control gold deposition.

Managing Director Dan Power emphasised the importance of leveraging knowledge gained from Sunnyside to accelerate discovery across the district. The identification of multiple drill targets and the robust geochemical signatures provide a promising pipeline for growth, potentially transforming Enmore into a major gold district.