Market Alert: Gold and Silver Extend Bull Run Amid Global Uncertainty
Koonenberry Gold Limited (ASX: KNB) has commenced an 10,000-metre Phase II drilling campaign at its Enmore Gold Project in northeast New South Wales, with crews now mobilised to site. The program aims to extend mineralisation at the Sunnyside prospect, focusing on up-dip, down-dip, and eastern strike extensions following strong Phase I results, including standout intercepts such as 170m at 1.75g/t Au and 18.3m at 9.95g/t Au.
The campaign will also undertake discovery drilling along the 2km Sunnyside Shear Zone, where four high-priority targets have been identified, potentially indicating repetitions of the mineralised system. Supported by a solid cash position of AU$8.7 million, Koonenberry Gold Limited is well-funded to advance this significant exploration phase. Managing Director Dan Power highlighted the project’s potential for a substantial standalone gold system, showcasing its impressive scale, grade, and exploration upside as the company continues to build on its emerging gold discovery.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.