Gorilla Gold Mines reports strong gold intercepts, expanding Lakeview prospect

Gorilla Gold Mines has reported its most significant drilling results yet at the Lakeview Prospect drilling, a key exploration area within the Comet Vale Project in Western Australia. Recent exploratory drilling has confirmed high-grade gold intercepts, extending the mineralised system beyond 400 metres. With results showing strong continuity and the system remaining open in all directions, the company has signalled plans to accelerate exploration activities at the site.

The latest drilling program has delivered some of the most compelling assays recorded at Lakeview Prospect drilling, reinforcing its potential as a major gold deposit. The strongest intercepts include a 19-metre section grading 18.1 grams per tonne (g/t) gold from 80 metres depth, as well as an 11-metre section grading 24.8 g/t from 145 metres. These results build upon previous findings and indicate that the mineralisation extends both eastward and westward.

The Lakeview Prospect drilling is located approximately 97 kilometres north of Kalgoorlie, within granted mining leases and just 1.2 kilometres from the Goldfields Highway. This strategic positioning offers logistical advantages, particularly with multiple gold processing facilities in the region that could support future production efforts.

What Does the Latest Drilling Reveal About Lakeview’s Geological Potential?

Gorilla Gold Mines’ latest exploration success at Lakeview Prospect drilling stems from its location within a major fault zone that transects ultramafic rock formations near a granite contact. Gold mineralisation in the area is associated with quartz veining, sulphide development, and biotite alteration, a geological signature found in several prolific gold deposits across Western Australia.

The structural setting at Lakeview Prospect drilling shares similarities with known high-grade gold systems, further strengthening confidence in its potential for resource expansion. This prospect has remained largely underexplored due to historically fragmented ownership, with small-scale mining operations primarily focusing on near-surface gold extraction. Geological assessments suggest that previous mining may have been limited to the water table, leaving significant untested depths that could host further mineralisation.

Exploration at Lakeview Prospect drilling is still in its early stages, but the continuity of gold intercepts suggests the presence of a larger mineralised system. With drilling ongoing, the company aims to refine its understanding of gold distribution, grade continuity, and structural controls.

How Does Lakeview Prospect Fit Into Gorilla Gold Mines’ Broader Strategy?

The Lakeview Prospect drilling is one of several key exploration targets within the Comet Vale Project, which has a well-established history of high-grade gold production. The region has historically yielded over 200,000 ounces of gold, with grades exceeding 20 g/t. The project’s flagship deposit, the Sovereign Prospect, currently holds a resource estimate of 96,000 ounces at an average grade of 4.8 g/t gold.

Beyond Lakeview Prospect drilling, Gorilla Gold Mines has also identified additional mineralisation at the Cheer Prospect, which is situated along a major east-west shear zone. The company is employing a strategic exploration model that focuses on expanding known high-grade resources while simultaneously identifying new targets with strong geological potential.

Drilling efforts are not only focused on expanding the mineralised footprint at Lakeview Prospect drilling but also on evaluating deeper extensions. By targeting previously untested areas, Gorilla Gold Mines aims to unlock further high-grade zones that could contribute to a larger, more economically viable gold resource.

What Are the Next Steps for the Lakeview Prospect?

Drilling is set to continue at Lakeview Prospect drilling, with one reverse circulation (RC) rig currently in operation. The company has indicated plans to accelerate exploration given the promising results. Alongside continued drilling, work is underway to better understand the geological controls on high-grade gold mineralisation, which will be critical in defining the potential scale of the deposit.

At a broader level, Gorilla Gold Mines is advancing multiple initiatives within the Comet Vale Project, including ongoing drilling at the Mulwarrie Prospect and resource evaluation at the Vivien deposit. The company’s focus remains on systematically growing its high-grade gold inventory while leveraging existing infrastructure and proximity to operating gold mills in the region.

With strong assay results, strategic location, and growing geological evidence supporting further upside, the Lakeview Prospect drilling is emerging as a key driver for Gorilla Gold Mines’ future exploration success. Investors and industry stakeholders will be closely watching as additional drill results are released in the coming months.

What Does This Mean for Investors and the Broader Gold Market?

The expansion of Lakeview Prospect drilling reinforces Gorilla Gold Mines’ position as an active explorer in Western Australia’s highly prospective Goldfields region. High-grade discoveries of this nature are increasingly valuable in a market where the demand for quality gold assets remains strong.

For investors, the ongoing drilling success adds momentum to Gorilla Gold Mines’ exploration program. The company’s ability to define a significant high-grade gold resource at Lakeview Prospect drilling could serve as a catalyst for future valuation growth. Moreover, the project’s proximity to multiple operational gold processing facilities enhances its potential development pathways.

With further drilling results expected, market participants will be looking for continued high-grade intercepts and potential resource upgrades. If Lakeview Prospect drilling continues to deliver strong results, it could position Gorilla Gold Mines as a key player in Australia’s next wave of high-grade gold discoveries.