Gorilla Gold Unveils Fourth Shallow Discovery at North Kalgoorlie Hub

The latest update is out from Labyrinth Resources Limited ( (AU:GG8) ).

Gorilla Gold has reported a new shallow gold discovery at the newly named Diddy Kong prospect within its Comet Vale Gold Project, about 100km north of Kalgoorlie in Western Australia. The prospect lies 1km south of the recent Magilla and Donkey Kong finds and has delivered multiple encouraging intercepts, including 8m at 3.2g/t gold from 14m depth, with mineralisation open in all directions and soil anomalies extending for more than 1km.

The Diddy Kong discovery is the third shallow find in the Lakeview area in recent weeks and follows identification of a high-grade footwall lode at the nearby Sovereign deposit, underscoring momentum in Gorilla’s exploration program. An RC rig is being mobilised to aggressively follow up Diddy Kong, Magilla and Donkey Kong, while six rigs will be active across the company’s three projects in May, highlighting an accelerated push to grow resources and potentially enhance the company’s regional footprint.

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 its 100%-owned North Kalgoorlie Hub in Western Australia, which currently hosts a 1.2-million-ounce resource at 3.7g/t gold. Its key assets include the Comet Vale Gold Project and nearby deposits such as Lakeview and Sovereign, where the company is targeting shallow, high-grade resource growth through intensive drilling campaigns.

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Technical Sentiment Signal: Hold

Current Market Cap: A$315M

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