Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Gorilla Gold Mines Ltd (ASX: GG8) has reported additional high-grade gold mineralization from ongoing drilling at the Lakeview and Sovereign Prospects within the Comet Vale Project, located 97km north of Kalgoorlie, WA. Notable intercepts include 14m @ 7.2 g/t Au at Lakeview and 13m @ 5.1 g/t Au at Sovereign, reinforcing the continuity of mineralization. With historical production exceeding 200koz @ >20g/t Au, Comet Vale remains a high-potential gold asset. Drilling is ongoing, with an additional RC rig expected at Lakeview and diamond drilling planned for April.
The company is advancing its growth strategy with environmental and heritage surveys, metallurgical testwork, and a Mineral Resource Estimate update for the Vivien deposit. The Comet Vale region, situated near key infrastructure and operational gold mills, presents significant upside potential. Further exploration results, including maiden findings from Mulwarrie, are expected in the coming weeks.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.