Gorilla Gold Mines' Resource at Mulwarrie Gold Project Expected to 'Easily' Grow, Says Euroz Hartleys

MT Newswires Live

2025/10/03

Gorilla Gold Mines (ASX:GG8) is expected to "easily' grow its resource base at its Mulwarrie gold project in Western Australia, said Euroz Hartley in a note after the company stated an aim to double the existing resource base in a Friday drilling update.

The company on Friday said it found drilling results of up to 13.2 meters at 8.5 grams per tonne gold from 359 meters.

The research firm noted that the company is also targeting to release a mineral resource estimate for Comet Vale in the December quarter, and it expects a maiden resource for the company's Lakeview prospect to be over 400,000 ounces at 4 grams per tonne gold.

Euroz Hartleys maintained a speculative buy rating on Gorilla Gold Mines with a price target of AU$0.75.

The company's shares fell past 2% in recent Friday trade.

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