Kuniko (ASX:KNI) announced the commencement of its Phase 1 diamond drilling program at the Commonwealth Gold–Silver Project in New South Wales, scheduled to start in January 2026.
The program, marking Kuniko's first drilling campaign at the historically drilled and well-endowed Commonwealth–Silica Hill system, will target high-priority areas including Commonwealth Main, Silica Hill, and Commonwealth South.
Approximately 1,200m of diamond drilling is planned to test extensions of known gold–silver mineralisation and evaluate targets identified through recent airborne electromagnetic surveys, surface geochemistry, and detailed geological interpretation.
Durock Drilling has been appointed as the preferred contractor, with all necessary drilling permits and land access approvals already secured.
Managing Director Maja McGuire stated, "This Phase 1 program represents a key step in re-establishing drilling at Commonwealth and advancing a high-grade gold–silver system. The drilling is designed to deliver high-quality geological and structural data, providing a foundation for follow-up exploration and potential resource growth."
The Commonwealth Project lies within the prolific Lachlan Fold Belt, a Tier 1 mineral province hosting major operations such as Cadia–Ridgeway, North Parkes, and Cowal, and offers multiple untested targets with significant exploration upside.
At the time of reporting, Kuniko's share price was $0.061.