Koonenberry Gold’s rock sampling hits high notes as Enmore’s district-scale gold potential emerges

• Koonenberry highlights Enmore’s district-scale gold potential with high-grade rock chip samples
• Sampling along the Borah Fault, which is parallel to the Sunnyside Shear Zone, returned assays up to 14.05g/t gold
• Drill program of >10,000m planned to explore multiple targets

Special Report: Koonenberry Gold continues to highlight the district-scale potential of its Enmore project in NSW after rock chip sampling of a parallel shear zone to Sunnyside returned high-grade assays with visible gold.

Sampling of the >950m long and ~300m wide gold-in-soil anomaly along the Borah Fault has returned assays of up to 14.05g/t gold.

The Borah Fault is a parallel regional scale structure to the Sunnyside Shear Zone and is in a similar structural and lithological setting to the Sunnyside prospect.

Adding interest for Koonenberry Gold (ASX:KNB), highlighting Enmore’s prospectivity, the mineralisation is associated quartz-sericite-pyrite alteration, multi-stage brecciation and veining which is consistent with the mineralisation style observed at Sunnyside.

“We are applying the knowledge gained from our successful drilling campaign at Sunnyside and developing a pipeline of targets for drill testing,” managing director Dan Power said.

“This newly defined target sits on a parallel structure to Sunnyside and highlights the untapped district potential of our Enmore Project giving us the ability to advance multiple targets in our next drilling campaign in conjunction with extensional drilling at Sunnyside.”

Enmore’s emergence

The company’s emerging Enmore project is ~20km south of the >1.7Moz gold-antimony Hillgrove Mine.

Exploration to date has grown the Sunnyside gold system to a potential strike length of ~2km, with much of the trend still to be drill tested.

Drilling has also validated KNB’s belief with the very first hole returning a hit of 170m at 1.75g/t gold from 77m, including 18m at 9.95g/t gold.

Subsequent holes have confirmed the continuity of mineralisation with results of 172.9m at 2.07g/t gold in the second hole and 107m at 1.14g/t in the sixth hole.

More from KNB: Koonenberry spots more gold at Enmore

The company plans to test multiple targets in its upcoming drill program that’s expected to start in late August, if weather permits.

This >10,000m follow-up program will test the continuity and extensions to mineralisation at Sunnyside as well as discovery and growth drilling along the Sunnyside Shear Zone.

Particular interest will be paid to the east where KNB has identified ~2km strike of highly prospective granite associated with gold and arsenic soil anomalies, high-grade rock chips and wide-spaced, relatively shallow historical drilling containing anomalous gold.

It will carry out further soil sampling along the Sunnyside Shear Zone, Borah Fault and at other highly prospective targets within the district with results used to plan additional drilling.

Induced polarisation surveying is also on the cards as a tool to help rank district targets and assist with drill targeting at Sunnyside.

This article was developed in collaboration with Koonenberry Gold, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.