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Labyrinth Resources Limited ( (AU:GG8) ) has provided an update.
Gorilla Gold Mines Ltd has announced significant high-grade gold assay results from its ongoing exploration at the Comet Vale Project. The latest drilling at the Sovereign deposit has extended the mineralization down-dip and along strike, revealing new potential for resource expansion. This development has prompted a reevaluation of the geological model, suggesting further opportunities for discovery. With five rigs in operation, the company is rapidly advancing its exploration efforts, aiming for a comprehensive Mineral Resource Estimate update by Q4 2025, which could enhance its strategic positioning in the gold mining sector.
More about Labyrinth Resources Limited
Gorilla Gold Mines Ltd (ASX: GG8) is a company engaged in the exploration and development of gold projects. The company operates the Comet Vale Project, located in Western Australia’s Goldfields, focusing on high-grade gold deposits and leveraging existing infrastructure and operating mills.
Average Trading Volume: 1,159,796
Technical Sentiment Signal: Hold
Current Market Cap: A$258.5M
For a thorough assessment of GG8 stock, go to TipRanks’ Stock Analysis page.