Gorilla Gold has expanded the King Kong gold lode at its Lakeview Prospect by 100 metres down dip and identified several new parallel mineralised structures through soil geochemistry, setting the stage for intensified drilling at Comet Vale.
- King Kong gold lode extended 100m down dip with high-grade intercepts
- Multiple parallel mineralised structures identified via soil geochemistry
- Drilling ramping up to five rigs at Lakeview and ongoing at Mulwarrie
- Resource update for Sovereign targeted in Q2-Q3 2025; maiden Lakeview resource expected Q3-Q4
- Environmental surveys and metallurgical testwork progressing to support permitting
Significant Growth at Lakeview Prospect
Gorilla Gold Mines Ltd (ASX, GG8) has reported a substantial extension of gold mineralisation at its Lakeview Prospect within the Comet Vale Project, located 97 kilometres north of Kalgoorlie, Western Australia. Recent reverse circulation drilling has extended the King Kong gold lode by 100 metres down dip, confirming thick, high-grade gold zones that remain open in all directions. Notably, intercepts include 16 metres at 3.8 grams per tonne gold from 216 metres depth and 16 metres at 3.5 grams per tonne from 280 metres, underscoring the prospect’s growing significance.
New Targets Revealed by Soil Geochemistry
Complementing the drilling success, an ultra-fine soil geochemistry survey has delineated multiple parallel mineralised structures across the Lakeview area. These anomalies, particularly west of the King Kong and Koko structures and along the Silverback trend, present immediate targets for follow-up drilling. The survey’s results have prompted plans to extend soil sampling across the entire Comet Vale project area, potentially unlocking further zones of mineralisation that have yet to be tested.
Accelerated Drilling and Project Development
Gorilla Gold is intensifying its exploration efforts, with drilling at Lakeview ramping up to five rigs within the coming weeks. Concurrently, two diamond drilling rigs continue resource definition work at the Mulwarrie Project, with a resource update anticipated shortly after completion. The company is also advancing environmental baseline studies and metallurgical testwork at Lakeview, essential steps toward future mine permitting and development.
Historical Context and Strategic Location
The Comet Vale Project has a rich mining history, with over 200,000 ounces produced at grades exceeding 20 grams per tonne gold, primarily from the Sovereign Prospect. Gorilla Gold’s recent discoveries, including the high-grade Lakeview lode and new lodes at Sovereign, highlight the project’s significant growth potential. Situated on granted mining leases adjacent to the Goldfields Highway and near multiple operational mills, Comet Vale benefits from excellent infrastructure and logistical advantages.
Looking Ahead, Resource Updates and Exploration Plans
Gorilla Gold aims to deliver a resource update for the Sovereign Prospect in the second to third quarter of 2025 and a maiden resource estimate for Lakeview by the third to fourth quarter. Further exploration drilling is planned to test the numerous east-west parallel structures identified across the project, with a focus on areas closest to Lakeview. The company’s methodical approach, combining drilling, geochemistry, and environmental groundwork, positions it well to unlock the full potential of Comet Vale.
Bottom Line?
With Lakeview’s mineralisation expanding and new targets emerging, Gorilla Gold is poised for a pivotal phase of resource growth and project advancement.
Questions in the middle?
- What are the true widths of the newly extended mineralised zones at Lakeview?
- How will the upcoming resource updates impact Gorilla Gold’s valuation and development timeline?
- What are the potential challenges in permitting and environmental approvals for expanded drilling and mining?