Koonenberry Gold (ASX:KNB) said assays from surface geochemical sampling at its Prince of Wales Project in the Lachlan Fold Belt, New South Wales, highlighted two separate copper and gold targets, according to a Tuesday Australian bourse filing.
The company has found a 2.5-kilometer-long gold-in-soil anomaly, which is open to the north, with rock chip results highlighting gold and copper potential of up to 2.41 grams per tonne of gold and 0.06% copper.
The company said that the results, combined with observed geology and alteration, indicate the potential for large-scale epithermal gold and porphyry copper-gold targets or both, which have never been drill tested.
The company plans to advance targets to drill-ready status within the year and is funded to continue exploration across its projects with about AU$10.4 million in cash.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。