Koonenberry Gold has expanded its Enmore mineralised zone to 260m strike and identified new gold targets, backed by a strong $7.8 million cash position to fund extensive drilling.
- Enmore mineralised zone extended to 260m strike with high-grade intervals
- IP geophysics identifies six priority drill targets along 2km Sunnyside Shear Zone
- New gold anomaly discovered at Postman’s Gully with rock chips up to 14.05g/t Au
- Lachlan Projects reveal significant gold-copper soil anomalies at Wilga Flats and Prince of Wales
- Company holds $7.8 million cash, no debt, funding +10,000m drilling program
Exploration Momentum at Enmore
Koonenberry Gold Limited has reported solid progress in its September 2025 quarter, particularly at the Enmore Gold Project in New South Wales. The company extended the mineralised zone at the Sunnyside Prospect to over 260 metres strike length, with drilling results confirming broad intervals of gold mineralisation from surface and high-grade zones at depth. Notably, drillhole 25ENDD007 intersected 60 metres at 0.70g/t gold, including 17 metres at 1.67g/t and 9 metres at 2.74g/t, highlighting the potential scale and grade of the system.
Despite weather-related delays preventing new drilling this quarter, Koonenberry reported on four remaining drillholes from its initial program, reinforcing the continuity of mineralisation. The system remains open along strike and at depth, suggesting further upside potential.
Geophysical Insights and New Targets
Complementing the drilling, an Induced Polarisation (IP) geophysical survey successfully mapped the Sunnyside Shear Zone and identified six priority drill targets along its more than 2-kilometre length. One standout target is the Hand in Hand Prospect, where rock chip samples returned up to 17.55g/t gold, and limited historical drilling showed encouraging results.
In addition, Koonenberry discovered a new gold-in-soil anomaly nearly 1 kilometre long at the Postman’s Gully Prospect, located on the Borah Fault; a parallel structure to Sunnyside. Rock chip samples here yielded grades up to 14.05g/t gold, underscoring the district-scale potential of the Enmore Project.
Encouraging Developments at Lachlan Projects
Beyond Enmore, field activities at the Lachlan Projects have identified compelling gold and copper targets. At the Wilga Flats Project, just 20 kilometres north of Evolution Mining’s 13 million ounce Cowal Gold Mine, soil sampling revealed a 4.2-kilometre gold and base metal pathfinder element trend. The geological and mineralisation characteristics bear strong resemblance to the Cowal deposit, positioning Wilga Flats as a promising exploration frontier.
Similarly, the Prince of Wales Project yielded two significant soil anomalies, a 2.5-kilometre gold-copper trend at Back Station Creek and an 800-metre gold trend at Sybil, the latter associated with historical mining producing 26,600 ounces at 8.7g/t gold. Both targets remain untested by modern drilling, offering substantial exploration upside.
Financial Position and Forward Plans
Koonenberry maintains a robust financial position with $7.8 million in cash and no debt as of 30 September 2025. Operating expenses for the quarter were $700,000, including annual listing and compliance costs expected to decrease in coming quarters. The company is fully funding a second phase drilling program exceeding 10,000 metres, focusing on extensional and discovery drilling along the Sunnyside Shear Zone and other priority targets.
Managing Director Dan Power expressed optimism about the emerging discovery story at Enmore and the broader portfolio, emphasizing the company’s strategy to advance multiple projects to drill ready status. The company also continues to manage joint ventures with Newmont at the Junee and Fairholme Projects.
Outlook
With extensive exploration underway and a strong cash buffer, Koonenberry Gold is well positioned to unlock value across its diverse NSW portfolio. The coming quarters will be critical as assay results from the expanded drilling program and further geophysical surveys refine the understanding of these promising gold and copper systems.
Bottom Line?
Koonenberry’s expanding mineralisation and new targets set the stage for a pivotal drilling campaign that could reshape its growth trajectory.
Questions in the middle?
- How will upcoming drill results from the Sunnyside Shear Zone impact resource estimates?
- What is the potential scale and grade of mineralisation at the newly identified Postman’s Gully Prospect?
- How quickly can the Lachlan Projects’ gold-copper anomalies be advanced to drilling and what might they reveal?