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Labyrinth Resources Limited ( (AU:GG8) ) just unveiled an update.
Gorilla Gold has announced a significant new high-grade footwall lode discovery at the Sovereign Deposit within its Comet Vale Gold Project in Western Australia. The newly identified zone, intersected with 9.3 metres at 20.6 grams per tonne gold from 414.8 metres, lies 50 metres into the footwall of the main lode in a largely untested position and displays visually distinct mineralisation, with its scale potential now under evaluation.
The company also reported a series of strong high-grade intercepts from ongoing growth drilling at Sovereign, including multiple multi-gram intersections over meaningful widths that underscore the continuity and quality of mineralisation. These results support the rapid expansion of the North Kalgoorlie Hub resource base and reinforce Gorilla Gold’s operational momentum as drilling continues across all three of its gold projects.
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 a Western Australia-focused gold exploration company, operating the 100%-owned Comet Vale Gold Project about 100km north of Kalgoorlie. The project forms part of the North Kalgoorlie Hub, which currently hosts a 1.2-million-ounce gold resource at an average grade of 3.7 grams per tonne and is being expanded through ongoing drilling across three projects.
Average Trading Volume: 1,268,456
Technical Sentiment Signal: Sell
Current Market Cap: A$263.8M
For a thorough assessment of GG8 stock, go to TipRanks’ Stock Analysis page.