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Koonenberry Gold Limited ( (AU:KNB) ) has provided an announcement.
Newmont Exploration has initiated a fully-funded generative air core drilling program at the Junee JV Project in New South Wales, where Koonenberry Gold holds a 20% interest. The program targets potential copper-gold mineralization associated with buried intrusive complexes in structural corridors analogous to Newmont’s Cadia Mine, aiming to build on previous findings of promising porphyry systems. This drilling initiative could enhance Koonenberry Gold’s position in the industry by potentially expanding its resource base, thereby impacting its operational growth and offering substantial implications for its stakeholders.
More about Koonenberry Gold Limited
Koonenberry Gold Limited operates in the mining industry, focusing on gold exploration and development. The company is involved in joint ventures to explore and potentially produce copper and gold resources, with a significant interest in projects located in Australia.
YTD Price Performance: 50.0%
Average Trading Volume: 2,104,366
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$13.11M
See more data about KNB stock on TipRanks’ Stock Analysis page.
