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Koonenberry gold Limited (ASX:KNB)

ALERT: Price-sensitive ASX Announcement for KNB
Current share price for KNB : $0.022 -0.008 (-26.67%)+
Announcement
Release
25 May 2026 8:16AM
Price at Release
$0.030
Full Release
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Summary
Koonenberry Gold Limited announced the discovery of a high-grade gold target on a third parallel structure at the Enmore Project, New South Wales. This discovery is part of a broader exploration initiative that has identified over 30 km of prospective faults, highlighting the district-scale potential of the area. Key findings include high-grade gold rock chip results from the Queen of Sheba prospect and significant antimony results from Doyle's Prospect, reinforcing the potential for both gold and antimony mineralization similar to the nearby Hillgrove antimony-gold mine. The company is moving forward with plans to commence drilling at these promising sites.
Key Points
  • Koonenberry Gold Limited (ASX:KNB) has identified a third high-grade gold target at the Enmore Project, NSW, on a structure parallel to the Borah and Sunnyside Faults.
  • The Queen of Sheba prospect, located on the Sheba Fault, returned rock chip samples with high-grade gold including 87g/t Au.
  • Doyle's Prospect also showed potential with significant antimony results, returning 7.12g/t Au and 0.39% Sb, the highest antimony result for the project.
  • Exploration activities at the Enmore Project have identified more than 30 km of prospective faults, highlighting district-scale potential.
  • Surface geochemical sampling at the Enmore Project returned high-grade gold results along the Borah and Sheba faults with geo-structural interpretations underway.
  • Koonenberry Gold is accelerating planning for drilling at the Queen of Sheba and other prospects at the Enmore Project.
  • The Enmore Project is being compared to the nearby Hillgrove antimony-gold mine due to its geological and mineralization similarities.
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.