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Koonenberry gold Limited (ASX:KNB)

ALERT: Price-sensitive ASX Announcement for KNB
Current share price for KNB : $0.024 -0.019 (-44.19%)+
Announcement
Release
5 Nov 2025 9:37AM
Price at Release
$0.043
Full Release
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Summary
Koonenberry Gold Limited is accelerating its exploration efforts at the Enmore Gold Project in New South Wales by deploying a second drill rig to focus on the 2km shear zone between Sunnyside and Hand in Hand. The company is currently conducting a 2,000m RC drill program targeting this area, which has historically shown potential for significant gold discoveries. With a solid financial position including $7.8 million in cash, Koonenberry Gold is well-prepared to continue its exploration activities, which aim to extend known mineralisation and identify new targets along the shear zones. The company plans a follow-up drill program to further explore the promising results from previous phases, indicating that mineralisation remains open at depth and along strike. The parallel Borah Shear Zone is also being investigated for additional drilling targets. Koonenberry Gold is committed to providing regular exploration updates as these programs progress.
Key Points
  • KNB has mobilized a second drill rig at the Enmore Gold Project in northeast NSW to accelerate the discovery process.
  • A 2,000m Reverse Circulation (RC) drill program is underway targeting the 2km shear zone from Sunnyside to Hand in Hand.
  • Historical drilling in the area has shown encouraging results, indicating potential for additional discoveries.
  • Koonenberry Gold is well funded with $7.8M cash and potential additional funds from options expiring in April 2026.
  • Four target areas have been defined with coincident gold and arsenic soil anomalies.
  • The second drill rig will focus on discovery drilling along the prospective shear zone.
  • The mineralisation remains open at depth and along strike in the preferred granite host rock.
  • A follow-up drill program is planned to test continuity and extensions to mineralisation.
  • Investigation of a parallel shear zone, the Borah Shear Zone, has defined additional targets.
  • Regular exploration updates are planned.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.