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Koonenberry gold Limited (ASX:KNB)

ALERT: Price-sensitive ASX Announcement for KNB
Current share price for KNB : $0.027 0.005 (20.45%)+
Announcement
Release
20 Aug 2026 9:31AM
Price at Release
$0.022
Full Release
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Summary
Koonenberry Gold Limited has initiated a drilling program at the Dunedoo Copper-Gold Project located in the Lachlan Fold Belt, NSW. The focus is on the Bolinda Vale copper-gold target and the Hillside gold-silver target. Bolinda Vale shows potential with a large IP chargeability anomaly, while Hillside has shown gold and silver anomalism. This development signifies a move from target generation to direct drill testing, aiming to discover significant mineralization in these geologically promising areas.
Key Points
  • Koonenberry Gold Limited commenced drilling at the Dunedoo Copper-Gold Project, NSW.
  • The drilling is focused on the Bolinda Vale Cu-Au target and Hillside Au-Ag target.
  • Bolinda Vale represents a large-scale copper pathfinder target with a significant IP chargeability anomaly.
  • The drilling program includes four RC/DD holes at Bolinda Vale and RC holes at Hillside.
  • The targets are defined by coincident geophysical, geochemical, and hydrothermal alteration features.
  • Dunedoo Project is within the Lachlan Fold Belt, noted for significant gold and copper mineralization.
  • The commencement of drilling marks a significant step forward in KNB’s exploration efforts.
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.