Koonenberry Gold (ASX:KNB) announced financial results for the quarter ended 30 September 2022.

Drilling commenced at Lucky Sevens Prospect with the program designed to test the widest and highest tenor gold in soil anomaly at the Prospect as well as geophysical resistivity features interpreted to represent multiple, stacked quartz reefs.

Remaining results from multielement soil geochemical data received. The data shows similar geochemical signatures to multi-million ounce gold deposits in Victoria and therefore adds additional confidence to targets within the project pipeline.

Received allocation of $1,2500,000 in Junior Minerals Exploration Incentive (?JMEI) credits for FY23.

Preparations advanced for the first ever drilling campaign at Atlantis, Four Queens and Vegas Prospects.

Following the announcement the company?s share price unchanged.