Koonenberry Gold has identified a third major fault structure at its Enmore Project, with rock chip samples from Queen of Sheba returning up to 87g/t Au and historical samples up to 180g/t Au, underscoring the district-scale potential of the NSW project.
- Third parallel fault structure discovered at Enmore
- Queen of Sheba rock chips up to 87g/t Au
- Doyle’s Prospect shows gold-antimony mineralisation
- Drill permit fast-tracked for Queen of Sheba
- Newmont to start drilling at Junee JV in June
High-Grade Gold Emerges on New Fault at Enmore
Koonenberry Gold Limited (ASX:KNB) has revealed a compelling new chapter in its Enmore Project, NSW, by identifying a third regional-scale fault structure parallel to the Borah and Sunnyside Faults. The Queen of Sheba prospect along this Sheba Fault has produced rock chip samples boasting gold grades as high as 87g/t Au, with a historical sample even hitting 180g/t Au. This discovery extends the known prospective strike length at Enmore to over 30km, amplifying the project’s district-scale potential.
Queen of Sheba: A Rich Vein of Opportunity
Sampling over a 700-metre strike length at Queen of Sheba returned 37 rock chip samples exceeding 1g/t Au, with 19 samples above 5g/t Au. The mineralisation is visually impressive, featuring quartz-sulphide veins with visible gold, suggesting high-grade shoots within the system. Historical shallow drilling, albeit limited to just two holes, returned 0.60m at 7.75g/t Au, indicating the target remains largely untested at depth. The company is now fast-tracking drill permits aiming for Q4 2026 to unlock this potential.
The soil geochemistry further supports the prospect’s promise, with an anomaly spanning approximately 700m by 200m, peaking at 9,230ppb (9.23g/t) Au and 3,330ppm arsenic. For context, this anomaly dwarfs the Sunnyside Prospect’s 500m by 150m soil anomaly, which has a maximum rock chip grade of 18.1g/t Au.
Doyle’s Prospect Adds Gold-Antimony Dimension
Located more than 5km along strike from Borah, Doyle’s Prospect has emerged as a significant new target with rock chip samples up to 11.55g/t Au and 7.12g/t Au accompanied by 0.39% antimony; the highest antimony value recorded at Enmore to date. This geochemical signature mirrors the nearby Hillgrove antimony-gold mine (ASX:LRV), situated just 20km northeast, hinting at a potentially similar mineralising system. Doyle’s soils define a 500m by 50m gold anomaly, with mineralisation appearing sulphide-rich and structurally controlled. Notably, Doyle’s has yet to see any drilling, presenting a near-term exploration upside.
District-Scale Exploration Accelerates
Koonenberry is not resting on its laurels. The company continues to advance exploration across Enmore’s multiple parallel faults, including geophysical Gradient Array IP surveys on the Borah-Sherwood trend and systematic geochemical sampling at Stoney Hill. Recent drilling at Sunnyside has extended mineralisation vertically to 415m and along +200m strike, with high-grade zones confirmed, reflecting the project’s growing stature as a district-scale gold system. This is underscored by the company’s recent high-grade Sunnyside mineralisation extension and visible gold at Sunnyside drilling.
Meanwhile, diamond drilling results from Postman’s Gully and Hand in Hand prospects are pending, with the company securing a drill permit for the high-grade Borah prospect. The Enmore Project’s cumulative strike length of prospective faults now exceeds 30km, a scale rarely seen in NSW gold exploration.
Broader Portfolio and Joint Ventures
Beyond Enmore, Koonenberry is advancing its Lachlan Project with geochemical and geophysical surveys preparing several targets for drill testing. The recent acquisition of the Gundagai Au-Cu project further bolsters its position in the Lachlan Fold Belt. Additionally, Newmont is gearing up to commence a diamond drilling campaign at the Junee Joint Venture in June, where Koonenberry holds a 20% free carried interest, providing exposure to a highly prospective segment of the Macquarie Arc without capital outlay.
Executive Chairman Paul Harris highlighted the significance of the Queen of Sheba results, noting the remarkable grades and the discovery of a new parallel structure that expands Enmore’s exploration frontier. The identification of gold-antimony mineralisation at Doyle’s adds a new dimension to the project’s potential, drawing parallels to the nearby Hillgrove mine’s zonation from antimony-rich upper systems to gold-rich deeper zones.
Bottom Line?
Enmore’s newly identified third fault and exceptional rock chip grades set the stage for a pivotal drill campaign later this year, but the true scale and continuity of mineralisation remain to be proven.
Questions in the middle?
- Will drilling at Queen of Sheba confirm high-grade continuity at depth?
- How might the gold-antimony system at Doyle’s compare to Hillgrove’s zonation?
- What impact will Newmont’s Junee JV drilling have on Koonenberry’s exploration strategy?