Koonenberry Gold advances mineral exploration across NSW projects
Key points
- Koonenberry Gold has progressed multiple exploration programmes across its New South Wales gold-copper portfolio.
- The company's shares last traded at $0.016, giving it a market valuation of roughly $19.7 million.
- Drilling and geophysical mapping aim to define large-scale gold and copper targets in the Lachlan Fold Belt.
Mineral exploration company Koonenberry Gold (ASX:KNB) has advanced active field exploration programmes across its 4,360-square-kilometre gold and copper footprint in New South Wales.
The fresh operational update follows recent drilling at the Dunedoo Project and expanded campaign activity at Wilga Flats.
The targeted exploration efforts are designed to test deep porphyry and epithermal targets across the company's prospective Lachlan Fold Belt tenements.
KNB Executive Chairman Paul Harris commented, “At Wilga Flats, the ~450m deep diamond hole is nearing its planned depth, and a second rig has commenced drilling four additional RC/DD holes as we await the results from the initial holes.”
Additionally, the exploration work includes systematic soil sampling, mapping, and diamond core drilling.
Following the announcement, the Koonenberry Gold share price was unchanged at $0.016.
The company holds extensive exploration licences covering several mineral systems in New South Wales.
Koonenberry Gold remains focused on advancing early-stage discoveries towards defined resource targets across its regional tenure.
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