KNB to acquire High-Grade Gold-Copper Project, NSW
| Stock | Koonenberry Gold Ltd (KNB.ASX) |
|---|---|
| Release Time | 19 May 2026, 8:42 a.m. |
| Price Sensitive | Yes |
Koonenberry Gold Acquires High-Grade Gold-Copper Project in NSW
- Acquisition of Gundagai Gold-Copper Project from Gilmore Minerals
- High-grade gold and copper rock chip results up to 386g/t Au and 27.05% Cu
- Four contiguous tenements with near-term drill targets
- Acquisition supports KNB’s NSW exploration strategy
Koonenberry Gold Ltd (ASX:KNB) has entered into a binding agreement to acquire the Gundagai Gold-Copper Project from Gilmore Minerals Pty Ltd. The acquisition includes four contiguous tenements with high-grade gold and copper rock chip results, including up to 386g/t Au and 27.05% Cu. The project has multiple target domains, including the Johnstons Hill Gold Domain and the Big Ben & Princess Marina Gold Trends. The acquisition supports KNB's NSW exploration strategy and is contiguous with KNB's existing projects, providing a commanding ground position in the Lachlan Fold Belt. The acquisition also brings an experienced exploration team to KNB, enhancing the company's ability to explore and accelerate programs across its portfolio.
No high-importance, price-sensitive financial metrics provided.
Koonenberry Gold anticipates a steady stream of results from surface geochemical and geophysical surveys before drill testing. Continued drilling and surface geochemical results from the Enmore Project are also eagerly anticipated.