Koonenberry Gold Project update

HIGHLIGHTS

  • 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.

To read more, please click here.

Related

Successful infill results from soils progress report

December 21, 2021

Koonenberry Gold Ltd (ASX:KNB) is pleased to provide another progress report from its soil sampling campaign. Results from the remaining 219 out of the 441 soil samples taken, (previous results reported in ASX Announcement 23 November 2021), have been received.   

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