Enmore Expansion Raises Questions on Resource Scale and Development

Expanding the Enmore Gold Project

Koonenberry Gold Ltd has announced a significant breakthrough at its Enmore Gold Project in northeast New South Wales, tripling the potential strike length of gold mineralisation along the newly identified Borah Fault. Recent soil sampling has delineated a robust 3-kilometre-long by 100-300 metre-wide gold-in-soil anomaly, with peak values reaching 1.2 grams per tonne (g/t) gold. Complementary rock chip samples from historical workings have yielded impressive grades up to 16.15g/t Au, underscoring the prospectivity of this parallel structure to the well-known Sunnyside Shear Zone.

Historical Drilling Highlights and Geological Context

The Borah Fault hosts gold mineralisation confirmed by limited historical drilling, including standout intercepts such as 13 metres at 7.1g/t Au from 85 metres depth. Other significant results include 41 metres at 1.28g/t Au and 16.3 metres at 2.83g/t Au, all associated with quartz-sericite-pyrite alteration and multi-stage brecciation within granite host rocks. These geological features mirror those observed at the Sunnyside Prospect, suggesting a consistent mineralisation style across the district.

District-Scale Potential and Exploration Strategy

Managing Director Dan Power highlighted the district-scale opportunity, noting that the Borah Fault anomaly extends from Borah to Sherwood, with additional prospective zones at Postman's Gully and Sunnyside Shear Zone. The company’s fully funded 10,000-metre phase two drilling program is underway, aiming to test the continuity and extensions of mineralisation at Sunnyside and to explore new targets along both major shear zones. The presence of high-grade rock chips and geophysical signatures consistent with Sunnyside further bolster the exploration upside.

Historical Mining and Regional Significance

Gold mining in the Borah area dates back to the late 19th and early 20th centuries, with documented production of high-grade gold from both alluvial and hard rock sources. The Sherwood Prospect also boasts historical open cut workings with recorded grades exceeding 7g/t Au. The Enmore Project’s proximity to the 1.7 million ounce Hillgrove gold-antimony mine, located just 20 kilometres north, adds regional context to the emerging discovery story.

Looking Ahead

With a strong cash position of $7.8 million, Koonenberry Gold is well positioned to advance its exploration programs across its diverse NSW portfolio. The company plans to extend soil sampling and geophysical surveys along the Borah Shear Zone and Sunnyside Shear Zone, targeting untested strike extensions and potential high-grade shoots. The ongoing phase two drilling results will be critical in defining the scale and grade continuity of the mineralisation, potentially setting the stage for a resource estimation in the near future.