Kuniko Limited has identified a 4-kilometre gold-silver mineralised corridor at its Commonwealth Project in NSW, with multiple high-priority drill targets defined by advanced geophysical modelling. The company is poised to start its maiden diamond drilling program imminently.
- 4km-long structurally controlled gold-silver corridor defined by MobileMT survey
- 3D resistivity modelling reveals deep subsurface architecture and potential concealed intrusives
- Multiple high-priority drill targets identified along major thrust faults
- Elevated silver-in-soil anomalies support geophysical targets
- Maiden diamond drilling program (~1,200m) scheduled to commence imminently
District-Scale Gold-Silver System Emerges
Kuniko Limited (ASX – KNI) has delivered a significant exploration update from its Commonwealth Gold-Silver Project, located within the prolific Lachlan Fold Belt of New South Wales. The company’s recent MobileMT airborne electromagnetic survey has delineated a coherent, approximately 4-kilometre-long mineralised corridor stretching from the Commonwealth Mine through Silica Hill, Coronation Mine, and Collings Prospect. This corridor is interpreted as a structurally controlled, district-scale gold-silver system, marking a major step forward in understanding the subsurface geology of the region.
The MobileMT survey, conducted by Expert Geophysics Surveys Inc., provided the first 3D resistivity model of the area to depths exceeding 1 kilometre. This imaging revealed continuous structural and stratigraphic controls, including large resistive bodies interpreted as silica-altered rhyolitic host rocks and potential concealed intrusive bodies that may have acted as heat and fluid sources for mineralisation. These insights offer a new lens through which to view the mineral system’s architecture and potential.
High-Confidence Drill Targets Identified
Crucially, the geophysical data highlighted multiple high-priority drill targets along the corridor, particularly discrete conductive features associated with major thrust faults and splays. These features are interpreted as zones of enhanced structural permeability and hydrothermal fluid flow, favourable for sulphide accumulation. The presence of a large conductive anomaly near the interpreted Devonian intrusion at Stringers further underscores the potential for new discoveries.
Complementing the geophysical findings, elevated silver-in-soil anomalies coincide spatially with the MobileMT-defined targets, providing independent geochemical validation of the mineralised corridor. Historic drilling at the nearby Welcome Jack prospect, which returned encouraging gold grades, reinforces the prospectivity of this structural trend.
Drilling Imminent as Project Advances
With drill planning and site preparations complete, Kuniko is set to commence its maiden diamond drilling program at Commonwealth–Silica Hill imminently. The initial phase will involve approximately 1,200 metres of drilling targeting extensions of known mineralisation and testing the newly defined geophysical targets. The project benefits from existing permits and strong relationships with local landholders, enabling rapid and responsible exploration progress.
Kuniko’s Managing Director, Maja McGuire, emphasised the importance of the MobileMT results, stating they provide a robust framework to guide systematic drilling and highlight the potential for significant extensions and new discoveries within this district-scale gold-silver system.
Strategic Position in a Tier-1 Mining Belt
The Commonwealth Project lies about 100 kilometres north of Orange, NSW, within the Lachlan Fold Belt; a Tier-1 region hosting major mining operations such as Cadia-Ridgeway and North Parkes. The project encompasses volcanogenic massive sulphide (VMS) and epithermal-style mineralisation, with historical inferred mineral resource estimates at Commonwealth and Silica Hill. While Kuniko has not independently verified these estimates, the company plans to undertake technical validation as exploration advances.
Beyond Commonwealth, Kuniko’s portfolio includes critical mineral projects in Australia and the Nordics, reflecting a strategic focus on metals essential to the global energy transition. The company’s commitment to ethical sourcing and low-carbon operations aligns with broader sustainability goals.
Bottom Line?
As Kuniko prepares to drill, the market will be watching closely for assay results that could unlock a new chapter in Lachlan Fold Belt gold-silver exploration.
Questions in the middle?
- Will the upcoming drilling confirm extensions to known mineralisation and validate geophysical targets?
- What is the potential scale and grade of mineralisation along the newly defined 4km corridor?
- How might these results influence Kuniko’s resource estimates and future exploration strategy?