Koonenberry Gold (ASX:KNB) completed an induced polarization geophysics program at the Enmore gold project in New South Wales, and it identified six high-priority drill targets along first and second-order structures with coincident gold and arsenic in soil anomalism, according to a Tuesday Australian bourse filing.
It plans to begin a phase two drilling program of over 10,000 meters in late August.
Its shares jumped 5% in recent trading on Tuesday.