Kuniko Limited has identified multiple walk-up drill targets at its Gladstone West prospect in NSW, supported by strong gold-silver soil geochemistry and high-grade rock-chip results. Concurrently, Phase 1 drilling is underway at the Commonwealth Project, aiming to extend known mineralisation within a district-scale system.
- Coherent gold-silver soil anomalies define multiple drill-ready targets at Gladstone West
- High-grade rock-chip samples up to 9.9 g/t gold and 4,550 g/t silver confirm system potential
- Phase 1 drilling commenced at Commonwealth targeting extensions of existing mineralisation
- Integrated geochemical, magnetic, and structural data reveal district-scale hydrothermal system
- Joint venture with Impact Minerals advancing exploration with a growing pipeline of targets
Exploration Breakthrough at Gladstone West
Kuniko Limited (ASX – KNI) has reported compelling exploration progress at its Gladstone West prospect, located within the prolific Lachlan Fold Belt of New South Wales. Recent soil geochemical surveys have delineated coherent gold and silver anomalies that align with interpreted structural corridors, indicating a robust hydrothermal system beneath shallow cover. These findings are bolstered by rock-chip sampling that returned high-grade assays, including up to 5.5 grams per tonne (g/t) gold and 823 g/t silver, complementing historical samples with grades as high as 9.9 g/t gold and an extraordinary 4,550 g/t silver.
The integrated approach combining multi-element soil geochemistry, magnetic data, and structural interpretation has defined multiple walk-up drill targets. These targets are readily accessible and poised for near-term drilling, underscoring the district-scale potential of the Gladstone West and nearby Geenobby prospects. The geochemical footprint, marked by gold, arsenic, silver, and lead anomalies, suggests a structurally controlled mineralised system with significant upside.
Advancing Drilling at Commonwealth
Alongside the Gladstone West results, Kuniko has commenced Phase 1 drilling at the Commonwealth Project, targeting extensions to known mineralisation at Silica Hill, Commonwealth Main, and Commonwealth South. This ~1,200-metre program aims to expand the existing mineral resource footprint within a volcanogenic massive sulphide (VMS) and epithermal hybrid system. The Commonwealth Project, held under a joint venture with Impact Minerals Limited, benefits from existing permits and infrastructure, enabling rapid exploration advancement.
Managing Director Maja McGuire emphasised the significance of these developments, noting that the current mineral resource represents an early snapshot of a much larger mineralised system. The company’s recent MobileMT geophysical program has further identified a ~4-kilometre gold-silver corridor extending from the Commonwealth Mine through Silica Hill and other prospects, adding to the growing pipeline of high-priority targets.
Strategic Positioning in a Tier-1 Mining Region
The Lachlan Fold Belt is a globally recognised Tier-1 mining province, hosting major operations such as Cadia-Ridgeway and North Parkes. Kuniko’s exploration focus on this district-scale system aligns with the region’s proven potential for significant gold and silver deposits. The company’s methodical approach, integrating historical data with modern geochemical and geophysical techniques, is rapidly advancing multiple prospects towards drilling and resource definition.
While no new drilling results have yet been released, the groundwork laid by the soil sampling and rock-chip assays provides a strong foundation for upcoming drill campaigns. Kuniko’s commitment to ethical and environmentally responsible exploration further positions it as a credible player in the Australian mining sector.
Looking Ahead
With multiple walk-up drill targets defined and active drilling underway, Kuniko is well placed to unlock the full potential of its Commonwealth and Gladstone West projects. The company’s strategy to validate and expand mineral resources in a highly prospective district could deliver significant value for investors as exploration progresses.
Bottom Line?
Kuniko’s expanding pipeline of high-grade targets and active drilling mark a pivotal step towards unlocking a major gold-silver system in NSW.
Questions in the middle?
- When will assay results from the current Commonwealth drilling program be released?
- How will Kuniko validate and update existing mineral resource estimates at Commonwealth and Silica Hill?
- What are the next steps for advancing the walk-up drill targets at Gladstone West and Geenobby?