This is what interpretation of these result look like...not a financial advise or otherwise
The gold drill results in this report from Koonenberry Gold's Enmore Project (Sunnyside Prospect) are very positive by industry standards. Here's a breakdown of what makes them strong:
Headline Results
✅ Why These Results Are Strong
- 172.9m @ 2.07g/t Au from 171m depth
↳ includes 25m @ 5.23g/t Au from 195m
↳ includes 5m @ 11.09g/t Au from 213m
↳ includes 1m @ 28.7g/t Au from 217m
Comparison to Industry Benchmarks
Metric Interpretation 1 Grade (g/t Au) Anything over 1 g/t is considered solid. 5+ is high-grade. 28.7 is very high. 2 Width (metres) 172.9m is a very broad zone of mineralisation — this is ideal for bulk tonnage mining. 3 Continuity Mineralisation remains open at depth and along strike — meaning more may be found. 4 Visible Gold Presence of visible gold (confirmed by photo evidence) is rare and a bullish sign. 5 Screen Fire Assay (SFA) Upgraded results by an average of 38–50% — indicating coarse gold which can boost value.
The 172.9m @ 2.07g/t and 25m @ 5.23g/t intervals are well above average.
Type of Deposit Typical Grade (g/t) Enmore (Sunnyside) Result 1 Open-pit (bulk tonnage) ~0.7 – 1.5 g/t 2.07 g/t over 172.9m 2 High-grade veins 5 – 30 g/t 5.23–28.7 g/t in intervals
Other Positives
Any Red Flags?
- Strong host rock (granite): well-suited to hold gold mineralisation.
- Second hole was better than the first — showing increasing grade and consistency.
- Mineralised corridor is wide (125m) and still open — hints at a larger system.
- Upcoming assays (holes 3 & 4) may extend the mineralised zone even more.
Not really, but a few standard exploration caveats:
Bottom Line
- Still early-stage: No JORC resource yet — further drilling is needed.
- Results based on selective zones — we await full assays for total context.
- “Visible gold” is great, but not a substitute for full lab analysis (as the report rightly notes).
- Metallurgical recovery isn’t discussed yet — which will eventually affect economics.
These are excellent exploration results — both in terms of grade and width. The project shows real potential for both:
- A bulk tonnage deposit (for open-pit mining), and
- High-grade zones (which could be mined selectively or underground).
- Forums
- ASX - By Stock
- Ann: Enmore 2nd hole returns 172.9m @ 2.07g/t Au inc 25m @5.23g/t
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This is what interpretation of these result look like...not a...
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