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Koonenberry Gold Limited ( (AU:KNB) ) has shared an announcement.
Koonenberry Gold Limited has accelerated its exploration efforts at the Enmore Gold Project in northeast New South Wales by deploying a second drill rig. This initiative aims to expedite the discovery process along a 2km shear zone, targeting areas with promising gold and arsenic soil anomalies and high-grade rock chips. The company is well-funded with $7.8 million in cash, allowing it to continue its exploration activities without financial constraints. The drilling program is expected to enhance the company’s resource base and potentially lead to significant gold discoveries, reinforcing its position in the gold exploration sector.
More about Koonenberry Gold Limited
Koonenberry Gold Limited is a company operating in the mining industry, focusing on gold exploration and development. It is engaged in identifying and developing gold deposits, with a market focus on expanding its resource base through strategic exploration activities.
Average Trading Volume: 4,901,268
Technical Sentiment Signal: Hold
Current Market Cap: A$45.72M
See more insights into KNB stock on TipRanks’ Stock Analysis page.