InvestSMART

Gorilla Gold Mines Ltd (ASX:GG8)

ALERT: Price-sensitive ASX Announcement for GG8
Current share price for GG8 : $0.285 -0.08 (-21.92%)+
Announcement
Release
29 May 2026 9:58AM
Price at Release
$0.365
Full Release
download
Summary
Gorilla Gold Mines Ltd has reported ongoing exploration efforts at the Comet Vale and Mulwarrie Projects, highlighting significant mineral resource growth and high-grade gold mineralization at the Sovereign deposit. Drilling continues to intersect high-grade gold within quartz veins, particularly at the Sovereign shear-zone. The company's projects are situated within strategic mining leases in Australia with robust historical production figures. Further exploration and drilling are planned, focusing on extending known mineralization zones. The company is actively addressing native title claims and securing necessary agreements for continued exploration and development.
Key Points
  • Gorilla Gold Mines Ltd owns 100% of the projects through its subsidiaries.
  • The Comet Vale Project has a Mineral Resource Estimate of 0.86Moz @ 3.7g/t Au.
  • High-grade gold mineralization found at Sovereign deposit within quartz veins.
  • Ongoing exploration and drilling to expand mineral resource zones.
  • Projects are located within strategic mining leases with historical gold production.
  • Addressing native title claims and securing agreements for exploration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.