Major New Gold Discovery Enhances Enmore's District-Scale Potential
Results from recent exploration at the Postman's Gully Prospect have revealed a substantial gold anomaly on a parallel regional structure to the well-established Sunnyside Shear Zone. The Koonenberry Gold high-grade target discovery represents a significant advancement in KNB's understanding of the broader gold system at Enmore.
The newly identified target features:
- A robust gold in soil anomaly extending over 950 meters in length and approximately 300 meters in width, with peak values reaching 364 ppb gold
- High-grade rock chip samples including values of 14.05 g/t, 11.09 g/t, 8.77 g/t, and 6.63 g/t gold, with visible gold observed in multiple samples
- Mineralisation hosted in a structural and lithological setting similar to Sunnyside, along the parallel Borah Fault zone
- Limited historical drilling (only three shallow holes totaling 254 meters)
This discovery demonstrates that significant gold mineralisation at Enmore extends beyond the previously known zones, with two major parallel structures now confirmed to host high-grade gold intercepts.
"We are applying the knowledge gained from our successful drilling campaign at Sunnyside and developing a pipeline of targets for drill testing. This newly defined target sits on a parallel structure to Sunnyside and highlights the untapped district potential of our Enmore Project," says KNB Managing Director Dan Power.
Understanding Orogenic Gold Systems: Why This Matters for Investors
The Enmore Gold Project displays characteristics of a classic orogenic gold system – a type of deposit formed during mountain-building events when gold-bearing fluids migrate along major fault systems.
What makes this Koonenberry Gold high-grade target discovery particularly significant is that orogenic gold systems often host multiple parallel structures with similar mineralisation styles. The identification of high-grade gold along the Borah Fault – parallel to the Sunnyside Shear Zone – is exactly the pattern investors should want to see.
In orogenic gold provinces worldwide, including the Victorian Goldfields and the Abitibi Belt in Canada, parallel structures frequently host multiple economic deposits. This "district-scale" potential is what separates minor gold occurrences from major gold camps.
Detailed Exploration Results Point to Significant Potential
The new target was identified through systematic exploration:
| Sample Type | Number of Samples | Peak Gold Value | Feature |
|---|---|---|---|
| Soil Samples | 181 | 364 ppb Au | >950m anomaly |
| Rock Chips | 19 | 14.05 g/t Au | Visible gold in samples |
Gold mineralisation at Postman's Gully is associated with quartz-sericite-pyrite alteration, multi-stage brecciation and veining – consistent with the style observed at Sunnyside. This geological signature is important as it suggests a genetic relationship between the two areas, potentially part of the same large mineralising system.
The Koonenberry Gold high-grade target discovery occurred along the Borah Fault, a regional scale structure parallel to the Sunnyside Shear Zone. The mineralisation is located at the contact between metasediments of the Girrakool Beds and the Enmore Monzogranite, a similar structural and lithological setting to the nearby Sunnyside Prospect.
Fully Funded Exploration Program on Track
With $8.7 million in cash as of June 30, 2025, Koonenberry Gold is well-positioned to advance exploration across its project portfolio. The company is preparing for its next phase of drilling, scheduled to commence in late August 2025 (weather permitting).
The upcoming program will include:
- Testing of multiple targets identified at Enmore, including the newly discovered Postman's Gully Prospect
- Follow-up drilling at Sunnyside, where previous drilling intersected extensive intervals of gold mineralisation
- Further soil sampling along the Sunnyside Shear Zone, Borah Fault and other prospective targets
- IP geophysics at Sunnyside to refine targeting
Why Investors Should Follow Koonenberry Gold
Koonenberry Gold presents a compelling investment case for gold investors seeking exposure to advanced exploration opportunities:
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Emerging Discovery Potential: The company has now identified two parallel gold-bearing structures at Enmore, significantly expanding the project's resource potential
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Systematic Exploration Approach: KNB is building on successful results at Sunnyside to develop a pipeline of targets across its extensive 4,360 km² NSW portfolio
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Strong Cash Position: With $8.7 million in the bank, the company is fully funded to advance its exploration programs
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Strategic Location: The Enmore Project is located just 20km south of the 1.7Moz Hillgrove Gold-Antimony Mine in a proven gold district
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Experienced Team: Management has demonstrated a methodical approach to exploration, building value through the drill bit
The Koonenberry Gold high-grade target discovery at Postman's Gully highlights the substantial district potential of the Enmore Project. As the company advances its exploration at both Sunnyside and now Postman's Gully, investors should watch closely for upcoming drill results that could further validate the district-scale potential of the Enmore Gold Project.
This discovery follows a trend of significant gold discoveries at Hurricane and other projects in the region. Furthermore, recent new gold targets announced by other companies in Australia show the continuing strength of the gold exploration sector. In addition, similar high-grade gold discoveries have demonstrated significant potential for expanding existing resources in comparable geological settings, which bodes well for Koonenberry's exploration efforts. The company's systematic approach mirrors successful strategies that have led to expanded gold potential at other Australian gold projects.
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