Koonenberry Gold’s latest drilling at the Sunnyside Prospect reveals shallow, high-grade gold mineralisation and extends the known mineralised zones, reinforcing the project’s district-scale potential.
- High-grade shallow gold intercepts including 0.5m at 62.3g/t Au
- Visible gold observed in 10 of 12 Phase II drill holes
- Mineralisation extended along strike and up dip at Sunnyside
- Exploration accelerated with new targets at Postman’s Gully and multiple faults
- Strong cash position of $6.3 million supports ongoing drilling and surveys
Encouraging Drilling Results at Sunnyside
Koonenberry Gold (ASX:KNB) has announced compelling results from its Phase II diamond drilling campaign at the Sunnyside Prospect within the Enmore Gold Project in New South Wales. The company reported multiple broad zones of gold mineralisation, highlighted by a standout shallow intercept of 0.5 metres grading 62.3 grams per tonne (g/t) gold from just 71.5 metres depth. This high-grade shallow gold suggests that previously identified deep high-grade zones may extend closer to surface, a positive development for potential mining economics.
Visible gold was observed in 10 out of 12 holes drilled in this phase, underscoring the robustness of the mineralised system. The drilling has extended mineralisation both along strike to the east and up dip, increasing confidence in the continuity of a broad bulk tonnage gold system that remains open at depth and along strike.
District-Scale Potential and Exploration Acceleration
Beyond Sunnyside, Koonenberry has accelerated exploration across the Enmore Project, targeting multiple priority structures including the Borah, Sheba, and Chandler faults. The drill rig has recently moved to the Postman’s Gully Prospect on the Borah Fault, a parallel structure to Sunnyside, where historical workings have returned high-grade mullock samples up to 14.05 g/t gold. This step-out drilling aims to test for high-grade mineralisation beneath these old workings, potentially expanding the district-scale footprint of gold mineralisation.
Geochemical sampling programs are underway along over 30 kilometres of prospective strike length, with the company reporting significant gold-arsenic soil anomalies. These efforts are designed to build a strong pipeline of targets for future drill testing, supporting Koonenberry’s view that Enmore represents a major discovery opportunity in NSW.
Broader NSW Portfolio and Funding Position
In addition to Enmore, Koonenberry is advancing exploration at its Lachlan Project, including recent geophysical surveys at Dunedoo and planned surveys at Wilga Flats, both located near significant existing mines. The company also has a joint venture with Newmont at the Junee Project, where a 3,500-metre reverse circulation drilling program is planned to commence in June targeting large-scale gold systems.
Financially, Koonenberry is well positioned to continue its aggressive exploration strategy, reporting a cash balance of $6.3 million as of December 2025. This funding supports ongoing drilling, geochemical sampling, and geophysical surveys across its portfolio, promising a steady flow of news and results in the coming months.
Geological Context and Next Steps
The Sunnyside Prospect is structurally controlled along a major shear zone with mineralisation hosted predominantly in granite and associated with quartz-carbonate-adularia-sulphide veining. The system shows characteristics similar to the nearby Hillgrove gold-antimony mine, with mineralisation extending from surface to over 415 metres vertical depth and open in multiple directions.
Ongoing drilling aims to better define the geometry and continuity of high-grade shoots, with current drill orientations possibly missing some structural complexities. Assay results from recent holes are expected in April, which will provide further clarity on the extent and grade of mineralisation.
With multiple high-priority targets across its NSW projects and a strong financial base, Koonenberry Gold is poised to deliver significant exploration news flow, potentially reshaping the gold exploration landscape in the region.
Bottom Line?
Koonenberry’s expanding high-grade gold system at Sunnyside and district-scale exploration set the stage for a transformative discovery in NSW.
Questions in the middle?
- Will upcoming assay results confirm the continuity of high-grade gold zones at depth and along strike?
- How will Koonenberry optimise drilling orientations to better target structurally complex high-grade shoots?
- Can exploration at Postman’s Gully and other faults deliver additional high-grade discoveries to support a district-scale gold system?