Gorilla Gold (ASX:GG8) expands exploration at Comet Vale with new drilling permits

Gorilla Gold’s latest announcements signal significant forward momentum at the Comet Vale Gold Project, which has the potential to drive future resource growth and exploration upside.

Securing critical drilling permits and expanding the project’s footprint through new tenure acquisitions, the company is advancing its strategy to unlock high-priority targets that could lead to further resource upgrades.

With a current Mineral Resource Estimate (MRE) of 860koz at 3.7 g/t Au, the project is poised for another step-change in its resource base, underpinned by ongoing drilling and exploration activities.

Highlights:

• Drilling permits granted for high-priority targets at Comet Vale, with exploration drilling now underway.

• Addition of new tenure to the north, potentially expanding the project’s mineralisation footprint.

• Significant discoveries in 2025, including Lakeview, Sovereign North, and Cheer, which added 750koz to the resource base.

• New soil sampling defines further targets with similar geological and geochemical signatures to past discoveries.

• Drilling activities have commenced with three rigs operating at Comet Vale, along with two rigs at Mulwarrie.

Gorilla Gold’s Comet Vale project is situated in a prime gold-producing region 100km north of Kalgoorlie, an area with strong logistical advantages and proximity to existing mills.

The 860koz MRE, established from past work and ongoing drilling, reflects the project’s high potential, especially in light of its historical production exceeding 200,000oz at remarkable grades.

In 2025, the company’s resource grew significantly, thanks to new discoveries like Lakeview, which contributed substantially to the increase in gold ounces.

The company’s exploration approach hinges on targeting high-grade structures with strong surface geochemical anomalies, and the identification of additional growth targets continues to support Gorilla’s strategy.

“We are very excited to have secured the grant of these POW’s, clearing the way for us to drill some of the best targets we have yet identified at Comet Vale,” said CEO Charles Hughes.

This marks a pivotal moment for the company, as it now has the green light to drill largely untested targets that exhibit the same high-potential geological signatures seen in its recent discoveries, offering the promise of similar resource expansion as seen in 2025.

The new permits open up multiple exploration avenues, including drilling at Sovereign East, Lakeview South, and Lady Margaret, prospects all characterized by strong geochemical signatures and minimal previous drilling.

The company has also secured new tenure north of Comet Vale, which hosts interpreted extensions of mineralised structures.

Once fully granted, geochemical sampling and drilling of these newly acquired areas are planned, further enhancing the project’s growth potential.

Gorilla Gold’s exploration philosophy has been underpinned by a simple yet effective strategy—focus on geochemical anomalies, structural continuity, and historically underexplored areas.

This approach, validated by the significant resource additions in 2025, continues to drive confidence in the project’s future potential, with drilling now in full swing and the coming months crucial for confirming the validity of these new targets and further expanding the resource base.

As Gorilla Gold looks ahead, its work at Comet Vale represents a strong value proposition in the context of a rapidly developing gold sector in Western Australia.

The company’s ability to rapidly identify and drill high-potential targets, combined with its strategic landholding near Kalgoorlie, positions it well for continued success in the coming years.

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