tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Gorilla Gold Mines Announces Significant Resource Update at Mulwarrie Project

Story Highlights
Gorilla Gold Mines Announces Significant Resource Update at Mulwarrie Project

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1