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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