Market Alert: Fed Cut Hopes Lift ASX After Rough Week
Gorilla Gold Mines Ltd (ASX: GG8) has announced strong progress from its ongoing multi-rig drilling campaign at the 100%-owned Comet Vale Gold Project, located north of Kalgoorlie in Western Australia. Recent step-out diamond drilling at the Lakeview Prospect successfully extended the King Kong lode 150 metres down-dip, returning standout assays such as 6m at 10.3g/t Au, alongside new mineralised hanging-wall and footwall structures. Additional shallow RC drilling along the 5km Silverback Trend intercepted 2m at 4.8g/t Au and 4m at 1.4g/t Au, demonstrating continuity of mineralisation between the Cheer and Happy Jack prospects.
These results highlight the scale and growth potential of Comet Vale, which lies within a 10km by 3km structurally mineralised zone. With four rigs active, ongoing drilling across Lakeview, Sovereign, Cheer, and Happy Jack is expected to deliver a significant pipeline of assays in the coming weeks. The company aims to release an updated Mineral Resource Estimate for Comet Vale in Q4 2025.
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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.