Enmore Drilling Surge Tests Open Mineralisation Amid High Expectations for Koonenberry
Koonenberry Gold is set to embark on an aggressive 10,000-metre drilling campaign at its Enmore Gold Project in northeast NSW, aiming to expand promising high-grade gold mineralisation and explore new targets along the Sunnyside Shear Zone.
- 10,000m Phase II drilling program commencing imminently at Enmore
- Targets include extensions of high-grade gold mineralisation at Sunnyside Prospect
- Discovery drilling planned along 2km Sunnyside Shear Zone with four priority targets
- Company well funded with $8.7 million cash to support exploration
- Results expected progressively through 2026, highlighting potential scale and grade
A Bold Step Forward at Enmore
Koonenberry Gold (ASX, KNB) is accelerating its exploration efforts with the imminent commencement of a 10,000-metre Phase II drilling program at the Enmore Gold Project in northeast New South Wales. This follows a successful Phase I campaign that delivered broad intervals of gold mineralisation, including some notably high-grade zones, confirming the project's emerging potential.
The upcoming drilling will focus on extending mineralisation at the Sunnyside Prospect, where previous results revealed gold-bearing zones extending from surface to over 300 metres depth, with widths around 75 metres and strike length of approximately 260 metres. Importantly, the mineralisation remains open in multiple directions, offering significant upside for resource expansion.
Targeting Extensions and New Discoveries
The Phase II program aims to test up dip, down dip, and along strike extensions of the Sunnyside mineralised zone, particularly towards the east where the system remains open. Additionally, discovery drilling will explore four priority targets identified along the 2-kilometre Sunnyside Shear Zone, a key structural feature associated with gold mineralisation. These targets are supported by coincident gold and arsenic soil anomalies, favourable geology, and geophysical signatures indicating alteration zones.
Managing Director Dan Power highlighted the significance of the initial drilling results, noting the potential for both bulk tonnage and high-grade gold at depth. He emphasized the strategic importance of the Sunnyside Shear Zone and the exciting prospect of finding repetitions of the mineralised system along this structure.
Strong Financial Position and Broader Portfolio
Koonenberry Gold enters this drilling phase well funded, with $8.7 million in cash reserves, ensuring the company can sustain its aggressive exploration schedule. Beyond Enmore, KNB holds a diverse portfolio of gold and copper projects across New South Wales, including the Lachlan Projects and several joint ventures with major players like Newmont Exploration. This breadth provides multiple avenues for value creation as exploration advances.
The Enmore Gold Project itself benefits from a geological setting comparable to the nearby Hillgrove gold deposit, with mineralisation hosted primarily within granite and structurally controlled along shear zones. The company’s methodical approach, combining soil geochemistry, geophysics, and targeted drilling, aims to delineate a significant gold resource in this underexplored region.
Looking Ahead
The 10,000-metre drilling campaign is scheduled to run into 2026, with assay results to be released progressively. Investors and analysts will be watching closely for confirmation of mineralisation continuity, grade improvements at depth, and potential new discoveries along the Sunnyside Shear Zone. Success here could materially enhance Koonenberry Gold’s resource base and market profile.
Bottom Line?
As Koonenberry Gold embarks on this substantial drilling campaign, the market awaits results that could redefine the scale and grade potential of the Enmore Gold Project.
Questions in the middle?
- Will Phase II drilling confirm and extend the high-grade zones identified in Phase I?
- Can the four priority targets along the Sunnyside Shear Zone yield new significant discoveries?
- How will assay results influence Koonenberry Gold’s resource estimates and development plans?
