The market will be looking for confirmation of three key things in the assay results from Hole 5:
1. Consistency with Hole 4’s Broad Mineralisation
Hole 4 returned:
•149.5m @ 0.94g/t Au, including 91.5m @ 1.15g/t and 2m @ 13.52g/t.
•Hosted in granite, which is the preferred host rock.
The market expects Hole 5 to show:
•Similar or stronger widths and grades.
•Continuation of bulk-tonnage style mineralisation, which supports the potential for a large, scalable deposit.
2. Confirmation of Visible Gold at Depth
Visible gold was reported at ~262.6m in Hole 5, which could signal:
•A new high-grade zone at depth.
•Potential for increasing grade with depth, which was hinted at in Hole 4.
Investors will be looking for:
•Assay results to back up the visual gold.
•Grades possibly exceeding 10g/t in narrow intervals, which would boost the overall weighted average.
3. Strike Continuity
Hole 5 is a step-out ~65m from Hole 4. If mineralisation continues:
•It strengthens confidence in a >260m strike length and the ~75m true width model.
•Supports a path to resource definition.
Market wants to see:
•No gaps in mineralisation.
•Clear support for extending the mineralised envelope both laterally and at depth.
What Happens If Hole 5 Underperforms?
If the assays show:
•Weak mineralisation, or
•Lack of continuity with Hole 4,
Then market sentiment could soften, especially since Hole 4 raised expectations. But even modest results could still be tolerated if interpreted as part of a complex but growing system.
If Results Are Strong:
Expect a price rally on:
•Validation of broad mineralisation across multiple holes.
•Emergence of repeat high-grade zones (e.g., >10g/t intervals).
•Evidence the system is open and expanding, especially with visible gold involved.
In short: The market expects Hole 5 to confirm Hole 4’s mineralisation, support continuity, and ideally add new high-grade depth potential. Strong results here would be a de-risking milestone for the Sunnyside system and KNB’s valuation.
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KNB
koonenberry gold limited
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3.4¢

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Last
3.4¢ |
Change
-0.002(5.56%) |
Mkt cap ! $34.83M |
Open | High | Low | Value | Volume |
3.9¢ | 3.9¢ | 3.2¢ | $523.6K | 15.14M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 472714 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 1808646 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 372714 | 0.033 |
7 | 670477 | 0.032 |
9 | 724255 | 0.031 |
3 | 620000 | 0.030 |
4 | 630033 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 1808646 | 8 |
0.035 | 493377 | 3 |
0.036 | 26000 | 1 |
0.037 | 27777 | 1 |
0.038 | 240500 | 2 |
Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
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KNB (ASX) Chart |