InvestSMART

Koonenberry gold Limited (ASX:KNB)

ALERT: Price-sensitive ASX Announcement for KNB
Current share price for KNB : $0.022 -0.018 (-45%)+
Announcement
Release
18 Nov 2025 9:26AM
Price at Release
$0.040
Full Release
download
Summary
Koonenberry Gold Limited (ASX: KNB) has announced a successful extension of its Enmore Gold Project in New South Wales, Australia. Visible gold was intersected in the first two drill holes (25ENDD011 and 25ENDD012) of its 10,000-meter Phase II diamond drilling program, extending the mineral system to a vertical depth of 425 meters. The alteration zone, enriched with quartz-sericite-carbonate minerals, extends approximately 210 meters vertically beneath a previous intersection (25ENDD003), and both drill holes showed multiple zones of visible gold within the alteration zone. The drilling indicates the mineralisation remains open at depth and appears to be widening. The company is well funded with $7.8 million in cash to continue its exploration activities, with additional potential funding from KNBO options. Assays from the first two holes are expected to be available in December 2025 and January 2026.
Key Points
  • Visible gold intersected at two holes in Enmore Gold Project.
  • Mineralisation extends to 425m vertically with visible gold.
  • Alteration zone extended ~210m vertically.
  • Second drill rig is testing a 2km shear zone towards the Hand in Hand Prospect.
  • Assays from drill holes expected in December 2025 and January 2026.
  • Company has $7.8 million in cash for continued exploration.
  • Additional funds may come from ~94 million KNBO options.
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.