Gorilla Gold (ASX:GG8) Comet Vale Gold Project update at Sovereign Deposit

Gorilla Gold outlines results from the Comet Vale Gold Project, where drilling at the Sovereign Deposit intersected 9.3m @ 20.6g/t Au from 414.8m in a new footwall position. The project is 100%-owned and located 100km north of Kalgoorlie in WA.

Highlights

• 9.3m @ 20.6g/t Au from 414.8m in STEX172
• mineralisation occurs 50m into the footwall of the main lode at Sovereign
• 4.2m @ 13.0g/t Au from 360.3m in STEX163
• 2.3m @ 14.8g/t Au from 54.3m in STEX158
• 6.1m @ 4.2g/t Au from 246.7m in STEX139
• Drilling continues across all three Gorilla gold projects

Comet Vale Gold Project

The Gorilla Gold ASX GG8 Comet Vale drilling update confirms that diamond drillhole STEX172 intersected 9.3m @ 20.6g/t Au from 414.8m within a new footwall position at the Sovereign Deposit.

This position is located approximately 50m into the footwall of the main lode and represents a previously unrecognised mineralised zone. The mineralisation differs from typical Sovereign lodes, which are typically hosted in mafic or intermediate intrusive rocks with quartz veining and sulphides.

In this case, mineralisation is hosted in ultramafic stratigraphies with no quartz veining and only a small amount of sulphide development.

Gorilla Chief Executive Officer, Charles Hughes, commented:
“This is a standout result, one of the best intercepts we’ve delivered at Sovereign, and it’s exciting
to get this in a discovery hole in a new high-grade lode position that has seen very little effective drill testing.

Importantly, this mineralisation is geologically distinct from the main Sovereign lodes – in fact, if it
wasn’t for the presence of some very coarse gold, it could have been missed! There is no quartz
veining and only a tiny amount of sulphides associated with the new lode, which means it would be
very easy to overlook.”

Drilling activities remain ongoing across the Company’s three gold projects.

The Comet Vale Gold Project forms part of the North Kalgoorlie Hub, which has a resource base of 1.2Moz @ 3.7g/t Au.

The project is located 100km north of Kalgoorlie in WA and lies within granted Mining Leases, adjacent to the Goldfields Highway and within a region with multiple operational gold mills within a 100km radius.

The Comet Vale Project has a Mineral Resource Estimate of 0.86Moz @ 3.7g/t Au and has recorded historical gold production of >200koz @ >20g/t Au.

Gorilla Gold Mines Ltd 100% owns the project.

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