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An announcement from Koonenberry Gold Limited ( (AU:KNB) ) is now available.
Koonenberry Gold Limited has announced significant findings from soil sampling at its Enmore Gold Project, revealing a 3km long gold anomaly along the Borah Fault. This discovery highlights the potential for substantial gold mineralization in the area, with historical drilling already indicating promising results. The company is well-funded, with $7.8 million in cash, to continue its exploration efforts, including a fully funded 10,000m phase two drilling program. These developments suggest a strong potential for expanding the company’s gold resources and enhancing its position in the gold mining sector.
More about Koonenberry Gold Limited
Koonenberry Gold Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is engaged in identifying and developing gold projects, with a particular emphasis on the Enmore Gold Project located in northeast New South Wales, Australia.
Average Trading Volume: 4,983,852
Technical Sentiment Signal: Buy
Current Market Cap: A$53.43M
For detailed information about KNB stock, go to TipRanks’ Stock Analysis page.