Koonenberry Gold: Shares tumble on Lucky Sevens drill results, NSW

Koonenberry Gold Shares tumble on Lucky Sevens drill results, NSW

• Koonenberry Gold (KNB) says its latest results from maiden reverse circulation drilling at its Lucky Sevens prospect fell “below expectations”
• Drilling at the prospect, which lies within its namesake gold project in New South Wales, targeted a 400-metre portion of a four-kilometre gold-in-soil anomaly at Lucky Sevens
• The drilling intersected quartz veins with zones up to 30 metres in width over a two-kilometre strike, along with “low-tenor” gold results, with peak assays of two metres at 0.13 grams per tonne (g/t) gold
• KNB Managing Director Dan Power says the company has “barely scratched the surface” of the project, with many more targets to be tested
• KoonenberryGold is down 14.3 per cent and trading at 6 cents at 1:10 pm AEDT