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Asia

Gorilla Gold Mines Says Drilling at Western Australia Project Continues to Extend High-Grade Lodes

Gorilla Gold Mines (ASX:GG8) said recent drilling at its Comet Vale gold project in Western Australia delivered "outstanding results" and continued to extend high-grade lodes at the Sovereign deposit, according to a Tuesday filing with the Australian bourse.The latest results include 7.6 meters at 5.1 grams per tonne grade of gold from 251.3 meters; 1.2 meters at 31.5 g/t from 69.1 meters; 2.8 meters at 7.8 g/t from 190.8 meters; 2 meters at 9.6 g/t from 40.2 meters; and 2 meters at 6.3 g/t from 110.1 meters, per the filing.The Comet Vale project is part of Gorilla's North Kalgoorlie Hub, which hosts mineral resources of 1.2 million ounces at 3.7 g/t gold and is "expanding rapidly with ongoing drilling," the company said.

ASX:GG8
Asia

Gorilla Gold Mines' Drill Results from Western Australia Project Continue to Show Scale of Mineralization, Euroz Hartleys Says

Gorilla Gold Mines' (ASX:GG8) drill results from its Comet Vale gold project in Western Australia continued to show the scale and repeatability of high-grade mineralization at the Sovereign deposit, Euroz Hartleys said in a May 29 note.The company recently found further high-grade gold mineralization at the deposit, with results of up to 3.8 meters at 21 grams per tonne (g/t) grade of gold from 374 meters and 2.1 meters at nearly 25 g/t gold from 329 meters.The results indicate several high-grade intercepts within and around the current resource, suggesting potential for resource growth and grade improvement, the financial services firm said.Sovereign remains the largest and highest-grade individual deposit at the project, currently hosting 410,000 ounces at 4.3 g/t grade of gold over a strike length of 1.3 kilometers.Four rigs are currently operational at the project, following up on discoveries at Diddy Kong, Donkey Kong, and Magilla deposits, as well as high-grade footwall lodes at Sovereign.Euroz Hartleys has a speculative buy rating and a price target of AU$0.80 on Gorilla Gold Mines.

ASX:GG8
Asia

Gorilla Gold Mines Identifies Further High-Grade Gold Mineralization at Western Australia Project

Gorilla Gold Mines (ASX:GG8) identified further high-grade gold mineralization at the Sovereign deposit within its Comet Vale project in Western Australia, expanding the deposit's high-grade gold zone, according to a Friday Australian bourse filing.The results were up to 3.8 meters at 21 grams per tonne grade of gold from 374.3 meters and 2.1 meters at 24.8 g/t gold from 328.8 meters.An additional reverse circulation rig has started drilling at Comet Vale to follow up four recent discoveries, bringing the total number of rigs operating at the North Kalgoorlie Hub to five, with drilling also underway at the Vivien Project targeting new high-grade discoveries, the filing added.The company's shares rose 8% on market close.

ASX:GG8
Asia

Gorilla Gold Mines Identifies Further High-Grade Gold Mineralization at Western Australia Project

Gorilla Gold Mines (ASX:GG8) said it identified further high-grade gold mineralization during a recent drilling at the Diddy Kong prospect of its Comet Vale project in Western Australia, according to a Monday Australian bourse filing.The results were of up to four meters at 2.1g/t gold from 91 meters and eight meters at 3.2g/t gold from 14 meters.The company said mineralization at Diddy Kong is open along strike with associated soil anomalism extending for more than one kilometer, with an RC drill rig mobilizing to Comet Vale in May to follow up the shallow Diddy Kong, Magilla, and Donkey Kong discoveries.Drilling continues across all three Gorilla gold projects, with six drill rigs operating during the current month, targeting high-grade resource growth and new discoveries, it added.

ASX:GG8
Asia

Gorilla Gold Mines Finds New Footwall Lode at Western Australia Deposit; Shares Up 8%

Gorilla Gold Mines (ASX:GG8) found a new high-grade footwall lode at the Sovereign deposit, within its Comet Vale project in Western Australia, according to a Monday filing with the Australian bourse.Drilling showed 9.3 meters at nearly 21 grams per tonne grade of gold from about 415 meters, with the mineralization occurring 50 meters into the footwall of the main lode, the filing said.A resampling and new diamond drilling program will assess the scale potential of the discovery, per the filing.Shares rose 8% in afternoon trade on Monday.

ASX:GG8
Asia

Gorilla Gold Mines' Drill Results Show Potential for "Significant" Western Australia Project Resource Growth, Says Euroz Hartleys

Gorilla Gold Mines' (ASX:GG8) newly identified mineralization at its Comet Vale project in Western Australia points to a "strong potential for further significant resource growth," according to a Tuesday Euroz Hartleys note.The research firm noted that the drill results were up to 16 meters at 4.2 grams per tonne from 36 meters and eight meters at 3.6 grams per tonne from 96 meters.The note said that while these are early-stage, first-pass results, the ability to intersect similar mineralization in wide-spaced drilling "materially" de-risks the broader target pipeline.Euroz Hartleys maintained a speculative buy rating on Gorilla Gold Mines with a price target of AU$0.80.

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