Visible Gold Intersected 180m Below Previous Drilling at Enmore Project
Koonenberry Gold has intersected visible gold in deep drill holes at its Enmore Gold Project, extending the known alteration zone and confirming a robust mineral system open at depth. The company is well funded and advancing a comprehensive drilling program to unlock further potential.
- Visible gold intersected in fourth and fifth Phase II drill holes
- Alteration zone extended approximately 180m vertically beneath previous drilling
- Five diamond drill holes completed totaling 2,094.9m of planned 10,000m program
- 15 reverse circulation holes testing 2km shear zone completed, results pending
- Strong funding position with $7.8M cash and potential option proceeds
Visible Gold Confirms Depth Potential
Koonenberry Gold (ASX – KNB) has reported encouraging results from its ongoing Phase II diamond drilling program at the Enmore Gold Project in northeast New South Wales. The company intersected visible gold in drill holes 25ENDD014 and 25ENDD015, which extend the mineralised alteration zone approximately 180 metres vertically below previous significant intersections. This confirms the presence of a robust gold system that remains open at depth.
The visible gold was found within quartz-carbonate-pyrite veins hosted in phyllic altered granite, consistent with the geological model that identifies granite as the preferred host rock along the Sunnyside Shear Zone. These findings reinforce the prospectivity of the Enmore Project, which has already demonstrated extensive mineralisation over a strike length of around 260 metres and vertical depth exceeding 300 metres.
Progress on Drilling and Assays
To date, Koonenberry has completed five diamond drill holes totaling 2,094.9 metres out of a planned 10,000 metres for the Phase II program. Additionally, a separate reverse circulation (RC) drilling campaign comprising 15 holes over 1,864 metres has tested a 2-kilometre shear zone east of Sunnyside towards the Hand in Hand Prospect. Assay results from these RC holes and the diamond holes 25ENDD011 and 25ENDD012, which also contained visible gold, are expected in early 2026.
Managing Director Dan Power highlighted the high hit rate of visible gold, noting that 11 of 15 holes drilled at Sunnyside in 2025 have contained visible gold. The company plans to resume diamond drilling early in January 2026 to systematically test for extensions of the gold system both at depth and along strike.
Strong Funding Supports Exploration Momentum
Koonenberry Gold is well positioned financially to continue its aggressive exploration strategy, with $7.8 million in cash and the potential to raise additional funds through the exercise of approximately 94 million options expiring in April 2026. This funding underpins the company’s ability to advance its extensive portfolio of gold and copper projects across New South Wales, with Enmore remaining the flagship discovery focus.
The Enmore Gold Project’s geological setting is structurally controlled orogenic gold mineralisation hosted primarily within granite adjacent to sedimentary rocks. The mineralisation style and alteration assemblages bear similarities to the nearby 1.7 million ounce Hillgrove gold deposit, enhancing the prospectivity of the area. The ongoing drilling aims to delineate the continuity and grade of mineralisation, with particular attention to high-grade shoots that may have been missed by earlier drilling orientations.
Looking Ahead
With visible gold intersections confirming the depth potential and a well-funded exploration program underway, Koonenberry Gold is poised to deliver significant news flow in the coming months. The company’s methodical approach to testing extensions along the Sunnyside Shear Zone and parallel structures could unlock further discoveries, potentially increasing the scale and grade of the resource at Enmore.
Investors and analysts will be watching closely for assay results from the recent drill holes and the outcomes of the RC drilling campaign, which together will provide a clearer picture of the project’s economic potential.
Bottom Line?
Koonenberry Gold’s visible gold hits and strong funding set the stage for a pivotal exploration phase at Enmore in 2026.
Questions in the middle?
- What will the assay results reveal about the grade and economic viability of the new visible gold intersections?
- How will further drilling refine the understanding of the geometry and true width of the mineralised zones?
- Can Koonenberry identify high-grade shoots that significantly enhance the project’s resource potential?
