Earlier this week, Gorilla reported more assays from infill and extensional drilling at Mulwarrie.

New results included 0.9m at 11.9 grams per tonne gold from 181.2m; 7.4m at 4.9g/t gold from 187.1m; and 0.9m at 29.2g/t gold from 214.1m outside the boundaries of the current resource.

The intercepts were 50m along strike from an earlier hit of 7m at 12.9g/t gold.

The results build on previous hits, which include 5m at 95g/t gold from 73m, which equates to 475 gram metres.

Multiple parallel lodes have been defined from surface, extending over a strike length of more than 1.3km and to a depth of at least 350m.

Mulwarrie, which sits on granted mining leases just 10km from Ora Banda Mining’s Davyhurst mill, has a resource of 78,000 ounces at 2.8g/t gold.

A resource update is understood to be due any day now, targeting a “significant upgrade in contained ounces and grade”.

Euroz Hartleys sees potential for the resource to grow to more than 150,000oz at around 4g/t gold in the coming update.

Comet Vale

About 60km from Mulwarrie is Gorilla’s flagship project, Comet Vale.

The company recently moved to 100% ownership of the project, which has a resource of 96,000oz of gold at 4.8g/t.

Comet Vale has historically produced more than 200,000 ounces of gold at over 20g/t, with the most recent production in 2018.

In February, Gorilla announced the Lakeview discovery, covering more than 1.2km of strike from surface to a depth of at least 300m.

High-grade results have included 19m at 18.1g/t gold from 80m; 11m at 24.8g/t gold from 145m; 24m at 10.3g/t gold from 200m; 96m at 2.5g/t gold from 125m; 40m at 4g/t gold from 128m; 22m at 6.8g/t gold from 138m; and 13m at 10g/t gold from 123m.

A maiden resource for Lakeview is targeted for the December quarter.

Gorilla believes the project has camp-scale potential and it still has more than 10km of targets to follow up.

The company recently ramped up to five drill rigs working at Comet Vale, with the aim to define a resource large enough to justify a standalone mining operation.

Other projects

Gorilla also owns the Vivien project, near Leinster, which produced more than 250,000oz of gold at 5.8g/t.

The underground mine was recently operated by Ramelius Resources, which was trucking the ore so far for milling that exploration and growth activities were not a consideration.

Vivien has a resource of 278,000oz at 4.2g/t gold and sits on granted mining leases.

There’s been no real exploration at the project for 15 years.

After picking up the project in September 2024, Gorilla sees the potential to rapidly grow the resource and will resume drilling in the December quarter.

The company also holds the Labyrinth gold project in Quebec, Canada, which has a high-grade resource of 500,000oz at 5g/t gold.

In its quarterly report released this week, Gorilla said it was actively remodelling and assessing the growth potential of the Canadian projects.

Coming in hot

Gorilla will make its debut presentation at Diggers & Dealers next week, with CEO Charles Hughes set to speak after lunch on Tuesday.

The company will maintain that momentum by hosting a Hard “Core” Breakfast at the Kalgoorlie Hotel on Wednesday morning.

The breakfast gives delegates the opportunity to look at the company’s high-grade drill core over a bacon and egg roll.

Gorilla drilled 40,000m in the June quarter alone, as part of a broader 150,000m program.

The company remains well-funded for the work, with A$25.1 million cash at the end of June after raising A$25 million in March.

The big high-grade drilling push should be no surprise, given Simon Lawson is on the board of Gorilla.

The geologist ended his successful reign as executive chairman of Spartan Resources yesterday and is now deputy chairman of Spartan’s new owner, ASX 200 producer Ramelius Resources.

Alex Hewlett, who was behind the sale of the Penny project to Ramelius several years ago, is also a director and holds 9%.

Rounding out the board is Vault Minerals director Kelvin Flynn, while lawyer Dean Hely is chairman.

Mid-tier producer Genesis Minerals, which sold Gorilla the Mulwarrie project, is a substantial shareholder with around 7% and has participated in the last two capital raisings.