-- 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.