Visible Gold Found in First Two Phase II Holes at Enmore, System Extended 210m Deeper
Koonenberry Gold’s latest drilling at the Enmore Gold Project reveals visible gold in the first two Phase II holes, extending the mineralised system to 425 metres vertically. The discovery highlights ongoing potential with assays pending and further drilling underway.
- Visible gold intersected in first two Phase II drill holes at Enmore
- Mineralised alteration zone extended approximately 210m below previous drilling
- System remains open at depth and along strike, showing signs of widening
- Second drill rig testing 2km Sunnyside Shear Zone towards Hand in Hand Prospect
- Strong cash position of $7.8 million supports ongoing exploration
Visible Gold Signals Deeper Potential
Koonenberry Gold (ASX, KNB) has reported visible gold in the first two drill holes of its 10,000-metre Phase II diamond drilling program at the Enmore Gold Project in northeast New South Wales. These initial holes, 25ENDD011 and 25ENDD012, have extended the known mineralised system to a vertical depth of 425 metres, approximately 210 metres deeper than previous intersections.
The visible gold was found within quartz veins hosted in granite, confirming the geological model that identifies granite as the preferred host rock. The mineralisation is structurally controlled along the Sunnyside Shear Zone and associated secondary structures, with alteration zones characterized by quartz-sericite-carbonate minerals and sulphides.
Expanding the Enmore Gold System
The alteration zone not only extends deeper but also appears to be broadening with depth, suggesting the system’s potential size is increasing. The mineralised corridor already spans an estimated 75 metres true width, 300 metres vertical extent, and 260 metres strike length, with indications it remains open in multiple directions.
Koonenberry’s Managing Director Dan Power emphasized the significance of these early Phase II results, noting that visible gold zones at depth reinforce the prospectivity of the Sunnyside system. The company is systematically testing for extensions both at depth and along strike, with a second drill rig actively exploring a 2-kilometre shear zone to the east towards the Hand in Hand Prospect.
Robust Funding and Strategic Exploration
Backing this exploration push is a solid financial position, with $7.8 million in cash as of September 30, 2025, and potential additional funds from outstanding options. This financial strength allows Koonenberry to maintain momentum across its portfolio, including other highly prospective gold and copper projects in New South Wales.
The Enmore Project’s structural setting and mineralisation style bear similarities to the nearby 1.7 million ounce Hillgrove deposit, located just 20 kilometres north. This analogy adds weight to the potential scale and economic significance of the discovery, although assay results from the new holes are awaited to quantify grades and continuity.
Looking Ahead
While visible gold is an encouraging indicator, Koonenberry cautions that visual estimates are not substitutes for laboratory assays, which are expected in December and January for holes 25ENDD011 and 25ENDD012 respectively. The company’s ongoing drilling and geophysical surveys aim to refine the understanding of the mineral system and identify high-grade shoots that may have been missed in earlier drilling.
With the system open at depth and along strike, and exploration fully funded, Koonenberry Gold is well positioned to advance the Enmore Gold Project towards defining a significant resource in the months ahead.
Bottom Line?
As assay results approach, Koonenberry’s Enmore Project stands at a pivotal point, with visible gold confirming deeper potential and exploration well funded to unlock further value.
Questions in the middle?
- What grades will the pending assays from holes 25ENDD011 and 25ENDD012 reveal?
- How will further drilling refine the geometry and continuity of the mineralised system?
- Could high-grade shoots analogous to Hillgrove be identified with targeted drilling?
