Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Labyrinth Resources Limited ( (AU:GG8) ) has provided an announcement.
Gorilla Gold Mines Ltd has announced promising high-grade assay results from its Mulwarrie Gold Project, indicating significant growth potential beyond the current Mineral Resource Estimate of 350,000 ounces at 3.6g/t Au. The recent drilling results, which include notable intercepts, suggest extensive mineralization over a 2.5km strike length and to a depth of 500m, with plans for a new growth drilling program aimed at doubling the resource base. This development positions Gorilla Gold for a substantial resource update in Q4 2025, enhancing its industry standing and potential value for stakeholders.
More about Labyrinth Resources Limited
Gorilla Gold Mines Ltd, also known as GG8, operates in the gold mining industry, focusing on exploration and development of gold projects. The company owns the Mulwarrie Gold Project and the Comet Vale Project, both located in the Goldfields region of Western Australia, near multiple gold processing facilities.
Average Trading Volume: 917,416
Technical Sentiment Signal: Buy
Current Market Cap: A$277.9M
Find detailed analytics on GG8 stock on TipRanks’ Stock Analysis page.