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An update from Labyrinth Resources Limited ( (AU:GG8) ) is now available.
Gorilla Gold Mines Ltd has announced significant progress in its exploration efforts at the Lakeview Prospect within the Comet Vale Project. Recent drilling results have extended the King Kong gold lode by 100 meters at depth, revealing high-grade mineralization over a 600-meter strike and 350-meter depth, with potential for further expansion. The discovery of multiple parallel mineralized structures through soil sampling provides immediate targets for further exploration. The company plans to increase drilling activity with five rigs at Lakeview and continue efforts at the Mulwarrie Project, aiming for a resource update soon. These developments enhance Gorilla Gold’s position in the gold mining sector, promising substantial growth and opportunities for stakeholders.
More about Labyrinth Resources Limited
Gorilla Gold Mines Ltd (ASX: GG8) is a company operating in the mining industry, focusing on gold exploration and development. The company is actively engaged in projects such as the Comet Vale Project, located near Kalgoorlie, Western Australia, where it is exploring and expanding its gold resources.
Average Trading Volume: 1,797,368
Technical Sentiment Signal: Hold
Current Market Cap: A$329.7M
See more data about GG8 stock on TipRanks’ Stock Analysis page.