Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | GG8.ASX (GG8.ASX) |
|---|---|
| Release Time | 31 Jul 2026, 4:34 p.m. |
| Price Sensitive | Yes |
GG8.ASX Announces New Gold Discoveries and Exploration Success
- Four new gold discoveries at Comet Vale, including a new high-grade footwall lode at Sovereign
- Outstanding new high-grade discovery at Vivien
- Ongoing growth drilling extends the existing 410,000oz @ 4.3g/t Au Sovereign Mineral Resource Estimate
- Six rigs operating across all WA projects for most of the quarter
- $19.7 million of cash on hand as at 30 June 2026
Gorilla Gold Mines Ltd (ASX: GG8) reports significant exploration success with four new gold discoveries at Comet Vale, including a new high-grade footwall lode at Sovereign. The discoveries, Donkey Kong, Magilla, Diddy Kong, and Lady Margaret, are located within 1-2km of the Goldfields Highway and geologically comparable to the 350,000oz Lakeview deposit. The new high-grade footwall lode at Sovereign, with an assay of 9.3m @ 20.6g/t Au, demonstrates the mineralised system remains open and capable of delivering additional high-grade lodes. Ongoing growth drilling has continued to deliver high-grade hits and extend mineralisation beyond the current resource envelope. Additionally, an outstanding new high-grade discovery was made at the Vince Prospect at Vivien, with an assay of 2.1m @ 55.4g/t Au. The company had $19.7 million of cash on hand as at 30 June 2026, with operating and investing cash outflows totalling $9.6 million, primarily related to exploration and development activities.
Gorilla Gold Mines Ltd is not providing any high-importance, price-sensitive financial guidance.
Gorilla Gold Mines Ltd anticipates further exploration success and resource growth in the second half of the year, with an aggressive 150,000 metre drill program underway across its key WA project hubs.