What's Happening?
Gorilla Gold Mines has reported a 97.5% gold recovery from a sample at the Lakeview prospect, part of the Comet Vale Gold Project in Western Australia's Goldfields. The company plans to release a resource estimate for the project in Q4 2025. Gorilla Gold is focusing on metallurgical testing across Lakeview and other prospects, deploying diamond and reverse circulation rigs to explore mineralization.
Why It's Important?
The high gold recovery rate at Lakeview is a promising development for Gorilla Gold Mines, potentially enhancing the economic viability of the Comet Vale Gold Project. This discovery supports the company's exploration efforts and could lead to increased investor confidence and funding opportunities. The project's success may also contribute to the growth of Western Australia's gold mining sector, which is a significant part of the region's economy.
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What's Next?
Gorilla Gold Mines is set to present at the Diggers & Dealers Mining Forum, where it will discuss its findings and future plans. The company aims to continue its exploration and testing efforts, with results from extensional drilling expected soon. The upcoming maiden resource estimate will be crucial for assessing the project's potential and attracting further investment.
