Gorilla Gold Extends High-Grade Mineralisation as Multi-Rig Campaign Ramps Up in WA Goldfields

Labyrinth Resources Limited ( (AU:GG8) ) has issued an announcement.

Gorilla Gold Mines has restarted a major multi-rig drilling campaign across its Mulwarrie and Comet Vale gold projects in Western Australia, reporting strong high-grade extensional assay results from late-2025 drilling at Mulwarrie that sit outside the current 350,000-ounce mineral resource estimate. The new intercepts, including 3.4 metres at 12.5 g/t gold and other notable down-dip and shallow hits, confirm that mineralisation continues beyond the existing resource envelope, reinforcing the scale and continuity of the multi-lode system and supporting the company’s push for a significant resource upgrade in 2026. Concurrent in-fill and step-out drilling, along with engineering, geotechnical and metallurgical studies at Mulwarrie and a three-rig program at Comet Vale, are aimed at accelerating both resource growth and development planning across the portfolio in a record gold price environment, while a reassessment of the Vivien project adds further optionality for future growth.

The most recent analyst rating on (AU:GG8) stock is a Hold with a A$0.56 price target. To see the full list of analyst forecasts on Labyrinth Resources Limited stock, see the AU:GG8 Stock Forecast page.

More about Labyrinth Resources Limited

Gorilla Gold Mines Ltd is an Australian gold exploration and development company focused on its 100%-owned projects in Western Australia’s Goldfields, notably Mulwarrie and Comet Vale. The company targets high-grade, multi-lode gold systems located on or near granted mining leases and existing processing infrastructure north of Kalgoorlie, positioning its portfolio to benefit from strong prevailing gold prices.

Average Trading Volume: 1,266,886

Technical Sentiment Signal: Buy

Current Market Cap: A$383.3M

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