- Reprocessing of Geoscience Australia seismic datasets have provided valuable insights into the sub-surface geology.
- Viable source rocks, major fluid transport zones and favourable geological traps are recognised in the datasets.
- Similarities to the Victorian Goldfields further strengthened.
- Team on site reviewing new prospects.
Koonenberry Gold Ltd (ASX:KNB) is pleased to share the analysis of reprocessed seismic data collected by Geoscience Australia. Such data will assist in compiling the geological model of the Koonenberry Gold Project and inform the drill programme due to begin in March 2022.
The reprocessing work and interpretation has identified on current evidence that there is a viable and voluminous source for the gold, there are numerous fluid transport mechanisms to transport the gold, and there are definable trap mechanisms where the gold can be concentrated. All are key ingredients for forming large gold deposits.
“A very positive structural analysis supporting our interpretation that the Project has the geological ingredients for a major new discovery,” said Koonenberry Gold CEO Karen O’Neill.
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