10,000m Drilling Program Uncovers Extended Gold Zones at Enmore
Koonenberry Gold Limited has accelerated its drilling activities at the Enmore Gold Project, reporting multiple visible gold zones and promising assay results that extend mineralisation. Concurrently, the company advances exploration across its Lachlan copper-gold portfolio, backed by a solid cash position.
- 10,000m diamond drilling program underway at Sunnyside Prospect
- Visible gold reported in multiple drill holes extending mineralisation depth
- RC drilling at Hand in Hand Prospect reveals extensive gold anomalism
- District-scale airborne geophysical survey completed, identifying new anomalies
- Strong cash balance of $6.3 million with no debt supports ongoing exploration
Accelerated Drilling at Enmore
Koonenberry Gold Limited has intensified its exploration efforts at the Enmore Gold Project in New South Wales, commencing a substantial 10,000-metre diamond drilling program at the Sunnyside Prospect. This phase II drilling aims to test extensions of previously identified mineralisation, with visible gold zones reported in four of the first five holes, suggesting the mineralised system extends vertically to approximately 430 metres below surface.
Alongside this, a reverse circulation (RC) drilling program at the Hand in Hand Prospect targeted a 2-kilometre prospective shear zone east of Sunnyside. Early assay results, released after the quarter ended, indicate widespread gold mineralisation with encouraging intervals such as 50 metres at 0.36 grams per tonne gold from surface and higher-grade zones within these intervals.
Expanding the Prospectivity with Geophysics and Geochemistry
Complementing the drilling, Koonenberry completed a district-scale airborne geophysical survey covering 205 square kilometres. The magnetic and radiometric data acquired will assist in mapping geological structures and alteration zones critical to gold mineralisation. Notably, the survey highlighted antimony-gold-arsenic anomalies near the Chandler Fault, a significant regional structure linked to the nearby Hillgrove antimony-gold mine.
Surface geochemical sampling along the Borah Fault, a parallel structure to Sunnyside, revealed over 4 kilometres of gold and arsenic soil anomalies, effectively tripling the length of prospective shear zones in the district. Historical drilling along Borah has returned high-grade intercepts, underscoring the potential for further discoveries.
Broader Exploration and Financial Position
Beyond Enmore, Koonenberry is advancing its Lachlan copper-gold projects, including Wilga Flats and Breakfast Creek, with geological assessments and planned geophysical surveys aimed at preparing these targets for drilling in early 2026. The company also manages joint venture projects with Newmont, which are fully funded and scheduled for drilling.
Financially, Koonenberry reported a robust cash balance of $6.3 million at the end of December 2025, with no debt, providing a solid foundation to sustain its exploration programs. The company’s recent Annual General Meeting saw all resolutions passed, reflecting shareholder support for its strategic direction.
Outlook
With visible gold zones confirmed and assay results supporting extensive mineralisation, Koonenberry’s Enmore project is entering a critical phase of exploration. The combination of drilling, geophysical surveys, and geochemical sampling is positioning the company to potentially expand its resource base significantly. Meanwhile, the broader portfolio in the Lachlan region offers multiple avenues for value creation as exploration advances.
Bottom Line?
Koonenberry’s expanding drilling footprint and strong financial position set the stage for pivotal assay results and potential resource growth in 2026.
Questions in the middle?
- What will the upcoming assay results from the 10,000m diamond drilling reveal about grade and continuity?
- How might the newly identified Borah Fault anomalies influence the overall resource potential at Enmore?
- What are the timelines and expected outcomes for drilling at the Lachlan copper-gold projects?
