High Grade Growth Results & Comet Vale Discovery Drilling

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Stock GG8.ASX (GG8.ASX)
Release Time 23 Jun 2026, 9 a.m.
Price Sensitive Yes
 GG8.ASX Announces High-Grade Gold Results at Comet Vale
Key Points
  • Significant high-grade gold intercepts at Sovereign deposit
  • New shallow gold discovery at Lady Margaret Prospect
  • Ongoing exploration drilling across the North Kalgoorlie Hub
Full Summary

Gorilla Gold Mines Ltd (GG8.ASX) has reported significant high-grade gold intercepts from its ongoing drilling at the Comet Vale Gold Project in Western Australia. The drilling at the Sovereign deposit continues to extend high-grade mineralisation beyond the current resource footprint. Notable intercepts include 7.6m @ 5.1g/t Au and 1.2m @ 31.5g/t Au. Additionally, initial scout drilling at the newly identified Lady Margaret Prospect, located 1km west of Sovereign, has intersected significant shallow gold mineralisation with an intercept of 2.0m @ 5.9g/t Au. The company is executing one of the largest exploration programs in its history, with multiple drill rigs active across the North Kalgoorlie Hub, targeting resource growth and following up recent discoveries.

Outlook

The company is optimistic about the potential for further growth at the North Kalgoorlie Hub, with ongoing exploration expected to underpin future resource updates.