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$GG8 Comet Vale Gold Project Scales Up in Western Australia

The Comet Vale gold project in Western Australia, once a quiet and largely forgotten mine, is back in focus as drilling activity ramps up across the site. What was previously a small resource has now grown significantly following a year of sustained ...
Comet Vale Gold Project Scales Up in Western Australia

The Comet Vale gold project in Western Australia, once a quiet and largely forgotten mine, is back in focus as drilling activity ramps up across the site. What was previously a small resource has now grown significantly following a year of sustained exploration.

Major resource increase confirmed

Gorilla Gold has announced that the gold resource at Comet Vale has increased almost nine-fold. The update adds approximately 765,000 ounces of gold, marking one of the company’s most significant milestones to date.

The growth comes after an intensive drilling campaign that expanded known mineralisation and improved confidence across multiple areas of the project.

Timing aligns with strong gold prices

The upgrade arrives at a favourable time, with gold prices sitting above $6,000 an ounce in Australia. Higher prices improve the potential economics of gold projects and can increase investor interest in juniors that successfully grow their resource base.

What comes next for Comet Vale?

With drilling ongoing and early development studies underway, attention now turns to how large Comet Vale could ultimately become. While further work is needed, the latest results suggest the project has moved beyond early exploration and into a new phase of growth.
ASX:GG8 — ASX Mining News & Discussion | GORILLA GOLD MINES LTD