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An update from Labyrinth Resources Limited ( (AU:GG8) ) is now available.
Gorilla Gold has ramped up its 2026 exploration program in Western Australia, running six rigs across Comet Vale, Mulwarrie and Vivien as it targets another major increase in high-grade resources at its North Kalgoorlie Hub. The company completed 21,200 metres of drilling in the March quarter and plans more than 150,000 metres for the year, with over three-quarters directed at growth-focused targets.
Step-out drilling at the Mulwarrie project intersected high-grade gold up to 700 metres beyond the existing 350,000-ounce resource, signalling strong potential to expand the mineral inventory. At Comet Vale’s Sovereign deposit, Gorilla reported its thickest mineralised intercept to date alongside multiple high-grade hits, reinforcing the hub’s role as the centrepiece of its Western Australian portfolio and underlining its ambitions to be one of the ASX’s most active gold explorers in 2026.
The most recent analyst rating on (AU:GG8) stock is a Buy with a A$1.00 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 company focused on high-grade assets in Western Australia, particularly its North Kalgoorlie Hub. The ASX-listed group is building a portfolio of gold resources through aggressive drilling campaigns at projects including Comet Vale, Mulwarrie and Vivien in one of the world’s premier mining jurisdictions.
Average Trading Volume: 1,370,308
Technical Sentiment Signal: Sell
Current Market Cap: A$260.1M
Learn more about GG8 stock on TipRanks’ Stock Analysis page.