• 4.2km gold +Pb-Zn-Cu ±Ag-Bi-Te pathfinder element trend, consistent with Cowal-style mineralisation
• 0.8km long gold-in-soil anomaly (32ppb peak Au) with 1.2km x ~0.5km copper-in-soil anomaly
• Identification of high K calc-alkaline Macquarie Arc rocks supports exploration rationale

Koonenberry Gold has completed initial field work at the Wilga Flats Project within the Lachlan Fold Belt, NSW, with encouraging geochemical results returned from Olaf's trend. The work has defined a 4.2km gold +Pb-Zn-Cu ±Ag-Bi-Te pathfinder element trend, consistent with a gold-rich epithermal carbonate base metal deposit model and indicating potential for Cowal-style mineralisation. The Olaf's trend is located only 20km north of Evolution Mining's 13Moz Cowal Gold Mine, which contains five deposits along a 4.5km gold + base metal trend. Koonenberry has defined a strong +0.8km long gold-in-soil anomaly (32ppb peak Au) with a semi-coincident +1.2km x ~0.5km copper-in-soil anomaly on magnetic stratigraphy within the broader trend at Olaf's. The identification of outcropping high K calc-alkaline affinity basaltic-andesite volcanics confirms the potential for prospective Macquarie Arc stratigraphy. These newly identified soil anomalies remain untested by drilling, and Koonenberry plans to advance these targets to drill-ready status.

Koonenberry is planning follow-up field investigation of the Olaf's trend anomalies and the geology, with potential infill sampling and IP geophysics to delineate drill targets.