Gorilla Gold Expands Sovereign Drilling After High-Grade Hits

• Four rigs focus on Comet Vale, including follow-up on recent discoveries such as Diddy Kong, Donkey Kong, and Magilla.
• One rig targets new high-grade discoveries at the Vivien Project.
• Additional diamond drilling is testing high-grade footwall lodes at Comet Vale.

The ramp-up in drilling density increases the probability of intercepting further mineralisation. It also raises operational risk: assay turnaround times are slower than usual due to higher laboratory demand, which could delay reporting of future results.

District-Wide Resource Base

The North Kalgoorlie Hub hosts a combined Mineral Resource of 1.2Moz @ 3.7g/t Au. Comet Vale alone accounts for 0.86Moz @ 3.7g/t Au. The company has also reported high-grade intercepts at its Mulwarrie Project, extending beyond that project's existing resource boundary. The district scale means every successful intercept at Sovereign or nearby prospects adds optionality for a future mine plan.

Assay Delays and True Width Add Execution Risk

Gorilla Gold is executing an aggressive exploration program. Several factors could delay or degrade the value of the results.

Slow Assay Turnaround and True Width Uncertainty

• Assay turnaround is slower than usual due to higher laboratory demand. This could delay reporting of future results and slow the cadence of market updates.
• True width of the reported intercepts has not been determined. Down-hole lengths overstate true thickness unless the intersection angle is known. If the true width is significantly less than 70% of the reported interval, the contained ounces will be overstated.
• Definition drilling at depth and along strike is still early. The 2.5km potential strike is a target, not a defined resource.

Resource expansion ultimately hinges on drilling success and the conversion of exploration targets into defined, economic mineral resources.

Signals That Confirm or Weaken the Thesis

Confirmation signals:

• True widths close to down-hole lengths (e.g., >70%) in follow-up sections.
• Step-out holes 500m+ from the current resource boundary returning similar grades.
• Assay turnaround normalising, allowing a steady flow of results.

Risk signals:

• True widths less than 50% of reported intervals.
• Step-out holes returning sub-economic grades or narrow widths.
• Continued assay delays beyond two quarters.

Investors monitoring ASX: GG8 should weigh the district-wide potential against the definition risk that remains at Sovereign. The next batch of assays from the expanded drilling program will either confirm the strike extension or reveal the limits of the current high-grade zone. Distributed gold resources across the North Kalgoorlie Hub provide optionality, the path to a resource upgrade runs through reliable assay data and geological confirmation of continuity.

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