12m at 9.2 g/t Gold Highlights Growth Potential at Comet Vale Project
Gorilla Gold reports significant high-grade gold intercepts at its Lakeview Prospect within the Comet Vale Project, revealing multiple parallel mineralised structures and advancing resource growth with ongoing drilling.
- 12m at 9.2 g/t gold intercept on new Jambo structure
- Over 10 east-west parallel mineralised structures identified
- Ongoing drilling with multiple rigs targeting resource expansion
- Environmental and permitting studies progressing
- Imminent completion of remaining 49% Comet Project acquisition
Strong New Gold Intercepts at Lakeview
Gorilla Gold Mines Ltd (ASX: GG8) has announced compelling results from recent reverse circulation drilling at the Lakeview Prospect, part of its Comet Vale Project located 97km north of Kalgoorlie, Western Australia. The standout intercept came from hole LVEX046, which returned 12 metres at 9.2 grams per tonne gold starting from 60 metres depth on a newly identified parallel structure dubbed "Jambo." This intercept closely mirrors the tenor of mineralisation seen on the nearby King Kong structure, situated 200 metres to the south.
Expanding the Mineralised Footprint
Beyond the Jambo and King Kong structures, Gorilla Gold has identified more than 10 east-west trending mineralised structures each extending over one kilometre in length. These parallel trends, interpreted from geophysical data and supported by anomalous rock chip samples, represent a significant expansion of the known mineralised system at Lakeview. The company is actively drilling these targets with three rigs, aiming to delineate resource growth and new discoveries across this underexplored corridor.
Strategic Project Development and Permitting
Environmental baseline studies and soil sampling programs have been completed, supporting ongoing permitting efforts necessary for expanded drilling activities. These foundational steps are critical as Gorilla Gold prepares for a comprehensive drilling campaign designed to test the full extent of the mineralised structures. Metallurgical test work and hydrogeological studies are also underway to support future mine development planning.
Advancing Towards Full Ownership
In parallel with exploration progress, Gorilla Gold is poised to complete the acquisition of the remaining 49% interest in the Comet Vale Project from its joint venture partner, Vale. This move to full ownership is expected within weeks and will give the company complete control over one of the region’s most promising gold assets. Historical production exceeding 200,000 ounces at grades above 20 grams per tonne underscores the project’s high-grade potential, which Gorilla Gold is now systematically unlocking.
Looking Ahead
Gorilla Gold plans to deliver updated resource estimates for Lakeview in the second half of 2025, alongside ongoing drilling results from Sovereign and other prospects within the Comet Vale Project. With a robust pipeline of exploration targets and a clear path to resource growth, the company is positioning itself for a transformative phase of development in this prolific gold district.
Bottom Line?
Gorilla Gold’s expanding high-grade intercepts and imminent full ownership of Comet Vale set the stage for a pivotal resource update later this year.
Questions in the middle?
- How will the new parallel structures impact the overall resource size and grade at Comet Vale?
- What are the timelines and potential hurdles for permitting and mine development?
- How might completion of the acquisition influence Gorilla Gold’s strategic and funding plans?
