KNB koonenberry gold limited

Ann: Sunnyside gold system expanded to more than 230m strike, page-3

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    Key Highlights

    Gold system extended to more than 230m strike, 80m wide, and 300m depth along the Sunnyside Shear Zone.

    Visible gold found in 7 of 9 holes, with gold-indicative alteration in the other 2.

    Mineralisation remains open to the NE, SW, at depth, and up-dip, with early signs that gold grades may increase with depth.

    Total drilling completed: 3,041.8m, exceeding the 3,000m plan. Another 1,000m of drilling is planned.

    KNB is well-funded with $5.35M cash to continue drilling.

    Hole 4 assays are due mid-May, with hole 5 and 6 (which also had visible gold) expected later in May and June.

    Geological Notes

    Gold is hosted in granite near a granite-sediment contact, within a shear zone structure.

    Mineralisation includes multi-stage breccias and sulphide veins with visible gold and strong alteration (phyllic, carbonate, and sericite).

    Two mineralisation phases:

    An early ductile sulphide-rich system

    A later brittle phase with higher grades and more visible/free gold.

    Next Steps

    Additional drilling to extend the mineralised footprint beyond current boundaries.

    Assays will guide follow-up drill targeting along a 550m long prospective corridor.

    Soil programs are also underway to support regional targeting.


 
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