KNB - Koonenberry Gold

[System]

The Koonenberry Gold Project is located in North-western NSW, approximately 160km northeast of the major mining and cultural centre of Broken Hill and 40km west of the opal mining town of White Cliffs. Good access is available via main roads connecting Broken Hill, White Cliffs and Tibooburra.

Koonenberry’s 100% owned subsidiary company, Lasseter Gold Pty Ltd, owns a 100% interest in twelve (12) granted tenements associated with the Koonenberry Gold Project. All tenements are in good standing. This is a significant lease position of approximately 1,339 km2 in an emerging major mineral province which holds excellent potential for a number of different styles of gold mineralisation.

The Project area is centred on a major gold nugget field which is sourced from outcropping nuggety quartz reefs that have had until recently been limited by land access. Koonenberry has one land access agreement in place, one in the process of being renewed and one to be negotiated.

It is anticipated that KNB will list on the ASX during August 2021.

Home - Koonenberry Gold

Belt scale greenfields discovery opportunity in NSW The Koonenberry Gold Project is an exciting belt scale discovery opportunity covering 2,060km2 in an underexplored and emerging province. The Project has abundant evidence for gold and is regarded as being highly prospective for Victorian style...

koonenberrygold.com.au

 

[Dona Ferentes]

Listing date	30 August 2021 11:30AM AEST ##
Company contact details	https://koonenberrygold.com.au/ Ph: +61 8 6245 9869
Principal Activities	Australian Mineral and exploration development company
GICS industry group	TBA
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	KNB
Capital to be Raised	$10,000,000
Expected offer close date	30 July 2021
Underwriter	Not underwritten. Ventnor Securities Pty Ltd (Lead Manager)

 

[Dona Ferentes]

another spec miner, late to list by a month and not a particularly auspicious start to life on the ASX

KNB opened at 21c but quickly dropped to trade most of the day on the 16c-17c range.

 

[noirua]

Koonenberry Gold (ASX:KNB) completes RC drilling at Lucky Sevens

Koonenberry Gold (ASX:KNB) has completed reverse circulation at the Lucky Sevens high-grade gold prospect in NSW.

themarketherald.com.au

Koonenberry Gold (KNB) has completed reverse circulation (RC) at the Lucky Sevens high-grade gold prospect in NSW.

A total of 11 holes, for 2258 metres, were drilled to target a 400-metre section of the four-kilometre-long gold in soil anomaly.

Limited drilling has been undertaken at Lucky Sevens with previous work intersecting five metres at 25.1 grams per tonne (g/t) gold from zero metres, demonstrating the high-grade potential of the mineralised structures.

 

[debtfree]

ASX Announcement - Approval to commence maiden drilling program at Atlantis was supported with a 45% increase in price today.

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[Garpal Gumnut]

This is a dart pick of mine for the May comp 24. It is a gold explorer out past in Western and Northern NSW.

Slowly, slowly catching the monkey with holes for gold, none so far magnificent. So much so that they only had 0.84 of dosh measured in quarters in their 30/4 report and had to do a capital raise. It may win from the outside.

Who knows?

gg