Koonenberry Gold has defined a series of high-priority copper-gold and gold drill targets at its wholly owned Wilga Flats Project in the Lachlan Fold Belt of New South Wales, Australia. The targets occur along the 4.2-km Olaf’s Trend, approximately 20 km north of Evolution Mining’s Cowal gold operation. The company said preparations for drilling are underway, with a drill rig secured and a permit application submitted.
The principal copper-gold target is supported by a 1.2 km by 500 m copper-in-soil anomaly, coincident with a gold anomaly measuring roughly 600 m by 100 m. Rock-chip sampling within the broader target returned copper grades of up to 1.37% and 1.27%. Koonenberry integrated soil geochemistry and rock-chip sampling with geological mapping, 3D magnetic modelling and a 15.6 line-km dipole-dipole induced-polarisation survey to identify priority drill positions along Olaf’s Trend.
A separate epithermal and base-metal target is also being evaluated using historical drilling and re-assayed core. Historical drilling returned 11.33 m at 2.05% combined lead and zinc from 190.52 m, while Koonenberry’s re-assaying of historical material returned 32 m at 0.10 g/t gold from 65 m. The company has also re-logged historical core dating back to 1977 to refine its geological interpretation and drill planning.
The latest update moves Wilga Flats into a more defined drill-preparation stage, with surface geochemistry and geophysical work identifying several copper-gold targets for testing. However, the project remains at an early exploration stage, and drilling will be required to determine whether the surface anomalies correspond to meaningful copper mineralisation at depth. The next key milestone will be commencement of the planned drilling programme and release of initial assay results.
