Koonenberry Gold Says Drilling at New South Wales Gold Project Returned Significant Mineralization, Shares Fall 27%

MT Newswires Live

2025/06/06

Koonenberry Gold (ASX:KNB) said a diamond drilling hole at the Enmore gold project's Sunnyside prospect in New South Wales returned significant gold mineralization over extensive widths, according to a Friday Australian bourse filing.

The results included an intercept of 150 meters at 0.71 grams per tonne grade of gold from 230 meters. Gold mineralization remains open up-dip and at depth as well as along strike.

Results from another drill hole, which contained visible gold, are expected in mid to late June.

The firm's shares fell 27% in recent trading on Friday.

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