Koonenberry Gold reported the completion of drilling and downhole electromagnetic surveys at its Atlantis Cu-Au prospect.
Despite a significant rain event in July forcing an early termination of the drill program, the company achieved substantial progress in understanding the site's potential.
The rain event hampered the original plan to drill 16 holes, with only six holes (792m) completed.
One hole penetrated two of the three modelled EM conductive plates and existing mineralisation, allowing for DHEM geophysical work to be conducted in August.
No significant copper or gold assays were returned, although trace amounts of chalcopyrite and sphalerite were observed in thin sections.
Managing Director Dan Power stated, "These results have not explained the source of the high-grade copper mineralisation observed at surface at Atlantis. Importantly, the petrological work confirms that the right fluids have passed through the rocks and significant potential remains along the 6.5km long soil anomaly in structurally prospective zones and at depth."
The inability of the DHEM survey to identify conductive zones or off-hole conductors suggests that any associated sulphides are likely farther than 50-100m from the drill holes, potentially at depth.
The insight, alongside the geological evidence, indicates the right conditions for mineralisation are present and warrant further exploration efforts.
Looking ahead, Koonenberry's geologists are planning additional ground geophysical work to refine and prioritise drill targets.
The company is also awaiting approvals for testing newly identified targets along the Royal Oak Fault, continuing its strategic focus on unlocking the potential of its extensive project portfolio.
Koonenberry Gold is a mineral explorer focused on the exploration of its 100%-owned Koonenberry Gold Project.
The project is located in north-western New South Wales, approximately 160km northeast of the major mining and cultural centre of Broken Hill and 40km west of the opal mining town of White Cliffs.