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. The discovery is considered a 'game changer' by CEO Charles Hughes, as it confirms the potential for conventional gold milling processes. Gorilla Gold is focusing on metallurgical testing across Lakeview and other prospects, with ongoing drilling efforts to extend mineralization.
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Why It's Important?
The high gold recovery rate at Lakeview is significant for Gorilla Gold Mines, as it enhances the project's economic viability and supports the upcoming maiden resource estimate. This discovery could attract further investment and interest in the Comet Vale Gold Project, potentially boosting the company's market position. The use of conventional milling processes simplifies extraction, reducing costs and increasing efficiency, which is crucial for the project's success.
What's Next?
Gorilla Gold Mines is presenting at the Diggers & Dealers Mining Forum, where it will discuss its findings and future plans. The company expects to return results from extensional drilling at the Mulwarrie Project, which could further enhance its resource base. Stakeholders will be keen to see how these developments impact Gorilla Gold's strategic direction and potential partnerships.
