The Koonenberry Gold Project is considered prospective for large scale intrusive gold mineralisation and has geological similarities to the Stawell Zone of the Delmarian Orogen², located in western Victoria, which has recorded gold production that exceeds 163t.
The existence of a substantial gold field overlying the exploration targets is considered to enhance this as an exploration target and further encouragement is provided by the felsic host of some of the mapped and previously mined mineralisation.