Gorilla Gold Mines (ASX:GG8) reported a surge in exploration success during the June 2026 quarter, highlighting four new shallow, high-grade gold discoveries near Kalgoorlie and a new footwall lode at Sovereign that expands resource potential.
- Four new shallow, high-grade gold discoveries at Comet Vale
- New high-grade footwall lode discovered at Sovereign Deposit
- North Kalgoorlie Hub resource exceeds 1.2 million ounces
- Outstanding high-grade intercept at Vivien’s Vince Prospect
- Six rigs active with 150,000m drill program underway
Multiple New Discoveries Boost North Kalgoorlie Hub
Gorilla Gold Mines Ltd (ASX:GG8) has delivered one of its most prolific quarters yet, announcing four new gold discoveries at its Comet Vale Gold Project, located about 100km north of Kalgoorlie. These shallow, high-grade finds at Donkey Kong, Magilla, Diddy Kong, and Lady Margaret lie within a tight 1-2km radius of the Goldfields Highway and share geological traits with the 350,000-ounce Lakeview deposit. This cluster of discoveries reinforces the North Kalgoorlie Hub’s standing as a burgeoning gold district.
Growth drilling at the Sovereign Deposit, the cornerstone of Comet Vale, continues to impress with high-grade hits extending beyond the existing 410,000-ounce resource estimate at 4.3 grams per tonne (g/t) gold. Notably, drill-hole STEX172 intersected 9.3 meters at 20.6 g/t Au in a previously untested footwall lode, geologically distinct from the main mineralisation and representing a significant new target. This discovery opens the door to potential multi-kilometre strike extensions and substantial down-dip mineralisation, signalling that Sovereign’s mineralised system remains far from fully delineated.
Vivien Project Delivers High-Grade Breakthrough
Beyond Kalgoorlie, the Vivien Project near Leinster also produced a standout result with a new high-grade intercept of 2.1 meters at 55.4 g/t Au from the Vince Prospect, located 400 meters north of the Vivien Main underground mine. This discovery complements ongoing drilling success at the nearby Val Prospect, which returned multiple significant intercepts within 70 meters of existing underground workings. Vivien’s 2.1 million tonne resource at 4.1 g/t Au and historical production exceeding 250,000 ounces underpin its potential as a key growth asset for Gorilla Gold.
Gorilla has secured an agreement with a subsidiary of Gold Fields Ltd to commence de-watering of the Vivien underground mine, enabling underground access for further drilling, mapping, and assessment of redevelopment opportunities. This operational move could accelerate project advancement and unlock additional value.
Aggressive Drilling Program and Portfolio Focus
During the quarter, Gorilla operated six rigs across its Western Australian projects, aggressively pursuing a 150,000-meter drill program in 2026. The company plans to continue follow-up drilling at new discoveries, including infill and extensional work at Comet Vale’s new prospects and the Sovereign footwall lode. At Mulwarrie, follow-up drilling is underway after high-grade step-out results expanded the resource beyond its initial 350,000-ounce estimate.
In parallel, the company is considering divestment of its Canadian assets, Labyrinth and Denain, to sharpen focus on its high-grade Western Australian portfolio. The Labyrinth project, located in Quebec’s prolific Abitibi Greenstone Belt, hosts a 500,000-ounce inferred resource at 5 g/t Au and historical tungsten mineralisation. However, exploration for tungsten has been dormant for decades, and the company is reviewing historical data to assess potential by-product opportunities.
Financial Position and Outlook
Gorilla Gold ended the quarter with a cash balance of $19.7 million, having spent $9.6 million primarily on exploration and development activities. The company received $144,000 in Exploration Incentive Scheme funding related to the Vivien drilling campaign, with further funds pending.
CEO Charles Hughes emphasised the exceptional prospectivity across multiple targets and the company’s capacity to convert drilling success into resource growth. With ongoing engineering, permitting, and development work complementing exploration, Gorilla Gold appears well positioned to sustain momentum in the second half of 2026.
Bottom Line?
Gorilla Gold’s string of discoveries and resource extensions at North Kalgoorlie and Vivien set the stage for a pivotal second half of 2026, with drilling and mine redevelopment poised to test the scale and grade potential of these emerging gold hubs.
Questions in the middle?
- How will follow-up drilling refine the scale of the new Sovereign footwall lode?
- What impact will Vivien’s underground de-watering have on project timelines and resource definition?
- Will divesting Canadian assets accelerate capital allocation to Western Australian growth projects?