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Labyrinth Resources Limited ( (AU:GG8) ) has provided an announcement.
Gorilla Gold Mines Ltd has announced a significant update to the Mineral Resource Estimate (MRE) for its Mulwarrie Gold Project in Western Australia, showing a 340% increase in contained gold ounces and a 29% increase in grade. This update, achieved at a low discovery cost, marks a major milestone in the company’s exploration efforts and positions Gorilla Gold to further capitalize on the high-grade potential of the Mulwarrie Project. The company is also advancing its exploration strategy at the Comet Vale Project, with plans for a major resource update by the end of 2025.
More about Labyrinth Resources Limited
Gorilla Gold Mines Ltd is a company operating in the gold mining industry, focusing on exploration and resource development. The company is engaged in projects located in the Goldfields region of Western Australia, with a primary focus on high-grade gold deposits.
Average Trading Volume: 1,331,124
Technical Sentiment Signal: Buy
Current Market Cap: A$271.4M
Learn more about GG8 stock on TipRanks’ Stock Analysis page.