Koonenberry Gold’s Sunnyside Shear Zone Shows Untapped Gold Potential

• Gradient Array Induced Polarisation (GAIP) survey maps Sunnyside Shear Zone
• Six high-priority drill targets identified with coincident gold and arsenic soil anomalies
• Sunnyside Shear Zone extends over +2km strike length within preferred granite host rock
• Phase II drilling program of over 10,000m planned, fully funded with $8.7M cash
• Early drilling results show extensive gold mineralisation open in multiple directions

Geophysical Breakthrough at Enmore

Koonenberry Gold has completed a detailed Gradient Array Induced Polarisation (GAIP) geophysical survey at its Enmore Gold Project in northeast New South Wales, successfully delineating the Sunnyside Shear Zone. This structural feature, extending over 2 kilometres, is now mapped as a linear resistivity low within the granite host rock, a key setting for gold mineralisation in the region.

The resistivity lows identified are interpreted as fluid pathways associated with sericite-iron carbonate alteration, mineralogical signatures commonly linked to gold deposits. This mapping provides a clearer geological framework to understand where gold mineralisation is concentrated and where it might extend.

Targeting New Gold Zones

Importantly, the survey has pinpointed six high-priority drill targets along both first and second order structures. These targets coincide with robust gold and arsenic anomalies detected in soil geochemistry, reinforcing their potential for hosting significant gold mineralisation. The Sunnyside Shear Zone itself is interpreted to 'pinch and swell' along its strike, potentially creating dilational sites where gold can accumulate.

Managing Director Dan Power highlighted the prospectivity to the east of Sunnyside, where these new targets lie within the preferred granite host rock and are supported by high-grade rock chip results. This suggests the possibility of extensions and repetitions of the known mineralisation, a promising sign for resource growth.

Fully Funded Drilling Campaign Ahead

Building on encouraging results from its maiden drilling program, which intersected extensive intervals of gold mineralisation from surface and high-grade zones at depth, Koonenberry Gold is preparing for an ambitious Phase II drilling campaign. The company plans to drill over 10,000 metres starting in late August, weather permitting, to test the continuity of mineralisation at Sunnyside and explore the newly identified targets along the shear zone.

With a strong cash position of $8.7 million, the company is well funded to execute this next phase without financial constraints, underscoring management’s confidence in the project’s potential.

Broader Exploration Context

The Enmore Gold Project forms part of Koonenberry Gold’s extensive portfolio across New South Wales, which includes over 30 kilometres of prospective shear zones. The successful application of GAIP surveys at Enmore demonstrates the utility of this technology in mapping key structural controls on mineralisation, which will aid in prioritising targets across the district scale.

Additionally, soil sampling along a parallel structure, the Borah Fault, has yielded encouraging results, suggesting further exploration upside beyond Sunnyside. The company’s strategic approach combines geophysical mapping, geochemical sampling, and systematic drilling to unlock value across its diverse assets.

Bottom Line?

Koonenberry Gold’s integration of advanced geophysics and robust drilling plans positions Enmore as a compelling emerging gold discovery to watch.

Questions in the middle?

• Will the Phase II drilling confirm continuity and grade improvements along the Sunnyside Shear Zone?
• How might the newly identified targets east of Sunnyside impact the overall resource potential?
• What exploration results can be expected from the parallel Borah Fault and other prospective shear zones?