Ann: Lakeview Update, page-2

.

Lakeview mineralisation grows by

100m at depth, soil geochemistry

demonstrates multiple parallel targets

• Further results from exploration and growth drilling by Gorilla has extended the King

Kong gold lode down dip at the Lakeview Prospect, Comet Vale Project:

o16m @ 3.8 g/tfrom 216min LVEX051, 100m down dip of LVEX008

(13m @ 10 g/t Au)

o16m @ 3.5 g/tfrom 280min LVEX069, 100m down dip of LVEX027

(96m @ 2.5 g/t Au)

o6m @ 4.4 g/tfrom 8min LVEX048, 100m up plunge of LVEX018 (19m

@ 18.1 g/t Au)

o4m @ 6.2 g/tfrom 148min LVEX061, 500m west along strike of

LVEX018 (19m @ 18.1 g/t Au)

• At the Lakeview Prospect, thick, high grade gold mineralisation was discovered in

February 2025 and has been defined over 600m in strike to a depth of 350m and is

open in all directions, with multiple untested mineralised structures present.

• Lakeview is 97km North of Kalgoorlie WA, situated on granted mining leases at the

Comet Vale Project, 1.2km from the Goldfields Highway.

• New soil sampling results have clearly demonstrated multiple parallel mineralised

structures at Lakeview, provide immediate targets for exploration drilling, with soil

sampling planned to extend over the entirety of the project area.

•Drilling is ongoing at the Lakeview Prospect, Comet Vale Project, ramping up to 5

rigs in the coming weeks.

•Drilling at the Mulwarrie Project is ongoing with 2 DD rigs, scheduled to finish the

maiden resource drilling program in 3-4 weeks’ time with a resource update scheduled

to be delivered after this.

Gorilla Gold Mines Ltd (ASX: GG8) (‘Gorilla’ or ‘the Company’), is pleased to announce further drilling

results from Reverse Circulation (‘RC’) drilling at the Lakeview Prospect, Comet Vale Project located

97km North of Kalgoorlie.

Charles Hughes, Chief Executive Officer commented:

“Gorilla is really ramping up exploration and growth at Lakeview and continuing to deliver great

results. We’ve extended mineralisation on the King Kong structure 100m down dip in this round of

drilling and returned a strong result 500m to the west of the main zone on the King Kong structure.

Gorilla Gold 292 Barker Road, Subiaco, Western Australia 6008 [email protected] 1

+61 8 6149 1550 PO Box: PO Box 1473, Subiaco WA 6904 gorillagold8.comWe’ve also had a great intercept from 8m in depth demonstrating that mineralisation comes to

surface and is still present even in previously mined areas.

The King Kong structure alone is now a very significant zone of mineralisation, with thick high grade

hits over 600m in strike, 350m down dip and completely open in all directions. The western zone on

the King Kong structure is starting to show some very promising gold intercepts and there is only

light drilling in the 500m between this zone and the main zone.

Our recently completed soil geochemistry survey has very successfully defined known mineralised

structures at King Kong and Jambo, correlating well elsewhere to interpreted structures and known

mineralisation, and has produced some very strong anomalies, especially west of drilling on the King

Kong and Koko structures and on the Silverback trend. This soil survey will be expanded to the rest

of the project area at Comet Vale, whilst drill planning is underway to test anomalies delivered so

far.

GG8 continues to drill the King Kong and Jambo structures with 5 rigs expected to be onsite in 3-4

weeks’ time.

”

Figure 1Overview map, Comet Vale project

Gorilla Gold 292 Barker Road, Subiaco, Western Australia 6008 gorillagold8.com 2Growth and Exploration activities at Comet Vale

The Comet Vale Project has seen historical production of >200koz @ >20g/t Au, with underground

operations occurring as recently as 2018. The bulk of historical production comes from the Sovereign

Prospect which also hosts a Mineral Resources Estimate (‘MRE’) of 96koz @ 4.8 g/t Au (including a

lower grade potential open pit component). A significant high grade gold discovery has been made

at the Lakeview Prospect by GG8 in February 2025, with new lodes discovered at Sovereign in

January 2025. The project lies within granted mining leases, adjacent to the Goldfields Highway, in

a region with multiple operational gold mills within a 100km radius. GG8 has now identified more

than 10 parallel east-west structures at Comet Vale, greater than 1km long with either historical

mining workings or anomalous rock chips on these structures.

Previous operators of the Project employed strategies to get the Comet Vale mine into production

as quickly as possible which has left the Project with significant growth upside. Gorilla’s immediate

objective is to grow the high-grade gold resource base at the Comet Vale Project.

Update from the Lakeview Prospect

Minimal work has been completed historically at the Lakeview Prospect. Historical workings from the

early 1900’s are present over 2km of strike and vary from open stoping at surface to small exploratory

pits and shafts, with only 3 RC drill holes drilled by Reed Resources in the early 2000’s. A major

East-West fault system is developed in ultramafic lithologies adjacent to a granite contact.

Gorilla targeted coincident major structures, surface geochemistry and historic gold mining efforts in

a scout drilling program in February 2025 and intercepted significant thick and high-grade gold

mineralisation.

Mineralisation intercepted has been associated with quartz veining, pyrrhotite and chalcopyrite

sulphide development within quartz-carbonate veins and surrounding biotite-chlorite-actinolite

altered and strongly deformed ultramafic units associated with the Lakeview fault structure.

Drilling in this release has extended high grade gold mineralisation at King Kong down dip by 100m

in LVEX051 and LVEX069. This drilling has the shallowest intercept to date, being 6m @ 4.4 g/t au

from 8m in LVEX048 and also intercepted 4m @ 2.2 g/t Au 150m down plunge of LVEX034

demonstrating the system is still present at depth in the east (Figure 4).

An ultra fine soil Geochemistry program was conducted over part of the Lakeview area and has

returned very positive results (Figure 2), clearly demonstrating multiple mineralised parallel

structures, and clearly demonstrating another 500m of anomalous strike west of drilling on the King

Kong structure. A strong anomaly also appears on the Silverback structure, which has recorded gold

mineralisation 500m west along strike of the current soil anomaly at the Happy Jack gold mine. The

Happy Jack gold mine is the second largest historical gold mine at Comet Vale after Sovereign and

hasn’t been drilled, and a further 1km along strike to the west of this at Cheer, which has high grade,

shallow gold results over 500m and completely open along strike and at depth (see figure 2 for

details). These anomalies are open along strike and the survey will be expanded to test for

extensions to anomalism.

Gorilla Gold 292 Barker Road, Subiaco, Western Australia 6008 gorillagold8.com 3Figure 2 Map showing recently completed ultrafine soil geochemistry anomalies at Lakeview,

interpreted structures, selected drillholes on aeromagnetic image

Hole ID From To interval Au g/t Comment

LVEX051 216 232 16 3.8

LVEX069 280 296 16 3.5

LVEX048 8 14 6 4.4

LVEX061 148 152 4 6.2

LVEX056 299 303 4 2.2

Table 1 New intercepts, Lakeview prospect

Gorilla Gold 292 Barker Road, Subiaco, Western Australia 6008 gorillagold8.com 4Figure 3 Cross section showing LVEX069

Gorilla Gold 292 Barker Road, Subiaco, Western Australia 6008 gorillagold8.com 5Figure 4 Long section showing recent results

Gorilla Gold 292 Barker Road, Subiaco, Western Australia 6008 gorillagold8.com 6Significant gold drilling intercepts have been returned from Lakeview on the King Kong Structure

since its discovery in late February 2025 including;

▪19m @ 18.1 g/tAu from 80m in LVEX018

▪11m @ 24.8 g/t Au from 145m in LVEX017

▪96m @ 2.5 g/t Au from 153m in LVEX027

▪13m @ 10 g/t Au from 123m in LVEX008

▪14m @ 7.2 g/t Au from 122m in LVEX012

▪24m @ 10.3 g/t Au from 200m in LVEX034

Figure 5 Cross section at Lakeview

Gorilla Gold 292 Barker Road, Subiaco, Western Australia 6008 gorillagold8.com 7Next steps at Comet Vale

Phase 1 environmental surveys are complete at the Comet Vale Project. These are the baseline

studies not only for future drilling permits but also for mine permitting work at the Project.

Metallurgical testwork is underway for Lakeview. Other mine study and permitting work including

hydrogeology and hydrology is being planned.

Comprehensive mapping and rock chip sampling is planned to commence in the coming weeks to

help target discovery drilling in the Lakeview area, as rock chip sampling has proven to be effective

in the discovery of Lakeview. It is notable that a large swarm of highly anomalous rock chips are

present in the centre of the project in a north-south orientation across multiple of the east-west

parallel structures which, other than on the King Kong structure, has seen very limited to no drilling.

Resource discovery drilling programs are being planned for each east-west structure, with a focus

on structures nearest Lakeview first whilst Resource growth drilling programs are being carried out

at Sovereign North and Lakeview on multiple structures. Resource growth drilling programs are

planned for Cheer and Happy Jack to commence once environmental survey and POW permits are

received.

Once current drilling programs at Mulwarrie have finished, further rigs will be added to Lakeview to

boost production as this is currently the priority target for the Company. This is expected to occur in

the next 3-4 weeks.

Gorilla is targeting a Resource update for the Sovereign Prospect in Q2-Q3 2025 and a Maiden

Resource for the Lakeview Prospect Q3-Q4 2025.

This announcement has been authorised and approved for release by the Board.

Investor Enquiries

Charles Hughes

Chief Executive Officer

[email protected]

Competent Person’s Statement:

The information in this announcement relates to exploration results for the Comet Vale Project which

Mr. Charles Hughes has reviewed and approves. Mr. Hughes, who is an employee of Gorilla Gold

Mines Ltd, a professional geoscientist and a Member of the Australian Institute of Geoscientists. Mr.

Hughes has sufficient experience relevant to the style of mineralisation and type of deposits under

consideration, and to the activities which have been undertaken to qualify as a Competent Person

as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for

Reporting of Exploration results, Mineral Resources and Ore Reserves. Mr. Hughes consents to the

inclusion in this announcement of the matters based on this information in the form and context in

which it appears.

Gorilla Gold 292 Barker Road, Subiaco, Western Australia 6008 gorillagold8.com 8Specific exploration results referred to in this announcement were originally reported in the following

Company announcements in accordance with ASX Listing Rule 5.7:

Title Date

Paralell Structure Discovered at Lakeview 19 May 2025

Lakeview Update 8 May 2025

Lakeview Extended 125m Along Strike 17 April 2025

Further Intercepts from Lakeview Prospect 21 March 2025

Further High Grade Hits from Lakeview & Sovereign Prospects 17 March 2025

Lakeview High-Grade Intercepts Grow Mineralisation 28 February 2025

Gold Intercepts from New Prospects at Comet Vale and Vivien 24 February 2025

Maiden Gold Drilling Results at Cheer 6 November 2024

LRL Set to Acquire Vivien Project and 100% of Comet Vale 17 July 2024

Comet Vale Mineral Resource Estimate 11 April 2023

The Company confirms that it is not aware of any information or data that materially affects the

information included in the said original announcements and the form and context in which the

Competent Persons’ findings are presented have not materially modified from the original market

announcements.

The current Mineral Resource Statement for the Comet Vale Project:

Comet Vale Depleted Resource as of 03/09/2020, Au>=0.5g/t (OP) and Au>=2.5g/t (UG)

Category Tonnage Au Grade (g/t) Au Ounces

Indicated 310,868 5.61 56,027

Inferred 308,620 4.00 39,683

Total 619,489 4.81 95,710

The Company is not aware of any new information or data that materially affects the information as

previously released on 11 April 2023 and all material assumptions and technical parameters

underpinning the estimates continue to apply and have not materially changed.

Gorilla Gold 292 Barker Road, Subiaco, Western Australia 6008 gorillagold8.com 9APPENDIX 1 NEW COLLAR INFORMATION COMET VALE

Prospect Hole_ID Depth Hole_Type Grid East North RL dip azi

Lakeview LVEX051 300 RC GDA94 Z 51 320982 6685215 381 57 38

Lakeview LVEX069 360 RC GDA94 Z 51 321178 6685418 375 67 192

Lakeview LVEX048 140 RC GDA94 Z 51 320815 6685361 402 68 26

Lakeview LVEX061 300 RC GDA94 Z 51 320340 6685503 381 65 35

Lakeview LVEX056 312 RC GDA94 Z 51 321392 6685325 365 65 212

APPENDIX 3 JORC TABLES

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

CriteriaJORC Code explanationComments

Sampling

techniques

▪Nature and quality of sampling (eg cut

channels, random chips, or specific

specialised industry standard

measurement tools appropriate to the

minerals under investigation, such as

down hole gamma sondes, or handheld

XRF instruments, etc). These examples

should not be taken as limiting the broad

meaning of sampling.

▪Include reference to measures taken to

ensure sample representivity and the

appropriate calibration of any

measurement tools or systems used.

▪Aspects of the determination of

mineralisation that are Material to the

Public Report. In cases where ‘industry

standard’ work has been done this would

be relatively simple (eg ‘reverse

circulation drilling was used to obtain 1 m

samples from which 3 kg was pulverised

to produce a 30 g charge for fire assay’).

▪In other cases, more explanation may be

required, such as where there is coarse

gold that has inherent sampling problems.

Unusual commodities or mineralisation

types (eg submarine nodules) may

warrant disclosure of detailed information.

▪GG8 conducted a Reverse Circulation (RC) drilling

program with samples collected as 4m composites and

in areas where interesting lithology, alteration,

mineralisation or veining was encountered, 1m splits

were taken. Composite samples are collected from

samples piles, 1m splits are taken for every metre from

the cyclone with duplicate samples taken at the

instruction of the field geologist from the second chute

on the cone.

▪Samples collected by GG8 field crew and submitted to

ALS Laboratory in Kalgoorlie, WA.

▪The samples were analysed using the photon assay

method which used 0.5kg sample and requires minimal

handling. The samples are crushed to ensure

homogeneity as uniform sample distribution is

important to a quality analysis.

Soils

▪Soil samples were collected by contract samplers

(OZEX Exploration Services) on a 100x20m grid.

▪Samples were collected by digging a 30x30x10cm pit,

homogenising and then sieving to collect ~250g dry

sample at -177µm or 2mm for a limited number of

samples where collecting -177µm was difficult.

Samples were submitted to Labwest in Malaga, WA for

Ultra Fine Fraction (UFF) separation (<2 µm) and analysis

by Aqua Regia ICP-MS and ICP-OES for determination of

Au and 52 other elements.

Drilling

techniques

▪Drill type (eg core, reverse circulation,

open-hole hammer, rotary air blast,

auger, Bangka, sonic, etc) and details (eg

core diameter, triple or standard tube,

depth of diamond tails, face-sampling bit

or other type, whether core is oriented

and if so, by what method, etc).

▪All holes reported in this release by Gorilla Gold are

RC, drilling was completed by several contractors

using multiple modern RC rigs capable of significant

drill depths.

Drill sample

recovery

▪Method of recording and assessing core

and chip sample recoveries and results

assessed.

▪RC sample recovery was qualitatively assessed by the

field geologists. Good recoveries were had.

Gorilla Gold 292 Barker Road, Subiaco, Western Australia 6008 gorillagold8.com 10▪Measures taken to maximise sample

recovery and ensure representative

nature of the samples

▪Sample depths were cross-checked regularly. The

cyclone was regularly cleaned to ensure no material

build up and sample material was checked for any

potential downhole contamination. The drilling sample

recoveries/quality are acceptable and are appropriately

representative for the style of mineralisation.

▪Whether a relationship exists between

sample recovery and grade and whether

sample bias may have occurred due to

preferential loss/gain of fine/coarse

material.

▪No obvious sample recovery biases or biases related

to loss or gain of fines have been identified.

Logging ▪Whether core and chip samples have

been geologically and geotechnically

logged to a level of detail to support

appropriate Mineral Resource estimation,

mining studies and metallurgical studies.

▪Logged for geology on the 1m intervals with chips

collected, washed and stored in chip trays by the

geologist. Logging was inputted directly into the onsite

laptops using suitable Company logging.

▪Logging is of a qualitative nature.

▪Whether logging is qualitative or

quantitative in nature. Core (or costean,

channel, etc) photography.

▪RC chips were logged for lithology, colour, weathering,

texture and minerals present.

▪The total length and percentage of the

relevant intersections logged.

▪All intersections have been logged

Sub-sampling

techniques and

sample

preparation

▪If core, whether cut or sawn and whether

quarter, half or all core taken.

▪NA

▪If non-core, whether riffled, tube sampled,

rotary split, etc and whether sampled wet

or dry.

▪RC drilling single 1 metre splits were automatically

taken at the time of drilling by a cone splitter attached

to the cyclone. 4m composite samples were taken by

scooping from the sample piles. Samples have been

dry.

▪For all sample types, the nature, quality

and appropriateness of the sample

preparation technique.

▪The technique was appropriate for the work

undertaken. During logging samples that showed

mineralisation, veining or alteration had 1m split

sample collected. 4m composite samples are taken

elsewhere and are re-split if assay return >0.2g/t gold.

Soils

In-field sieving followed by UFF in-lab sample

preparation has been shown to be an effective technique

for a wide range of material types and terrains.

▪Quality control procedures adopted for all

sub-sampling stages to maximise

representivity of samples.

▪QAQC reference samples, blanks and duplicates were

submitted by GG8. In house standards and blanks

were inserted by ALS.

▪Measures taken to ensure that the

sampling is representative of the in-situ

material collected, including for instance

results for field duplicate/second-half

sampling.

▪1m samples are automatically bagged from the

cyclone, field duplicates are taken in suspected

mineralised zones from a second chute on the splitter..

Soils

Field duplicates are collected by digging a second pit ~1m

away from the primary pit to ensure the sampling is

representative of the material being collected.

▪Whether sample sizes are appropriate to

the grain size of the material being

sampled.

▪All RC samples are collected to approximately 1-5 kg.

The sample sizes taken are appropriate relative to the

style of mineralisation and analytical methods

undertaken.

Soils

250g sample provides sufficient material to prepare

multiple samples for UFF method requirements..

Quality of assay

data and

laboratory tests

▪The nature, quality and appropriateness

of the assaying and laboratory

procedures used and whether the

technique is considered partial or total.

▪All samples were sent to ALS laboratory in Kalgoorlie.

Photon Assay method has shown to provide quick

turnaround times and high accuracy.

Soils

▪Samples were sieved in the field to collect ~250g dry

sample at -177µm or 2mm for a limited number of

samples where collecting -177µm was difficult.

▪Labwest then takes a <2 µm sub-sample for analysis.

Results show good correlation with historical soil assay

data indicating UFF is an appropriate technique for the

area.

Gorilla Gold 292 Barker Road, Subiaco, Western Australia 6008 gorillagold8.com 11▪For geophysical tools, spectrometers,

handheld XRF instruments, etc, the

parameters used in determining the

analysis including instrument make and

model, reading times, calibrations factors

applied and their derivation, etc.

▪All analytical results listed are from an accredited

laboratory using photon assay method.

▪Nature of quality control procedures

adopted (eg standards, blanks,

duplicates, external laboratory checks)

and whether acceptable levels of

accuracy (ie lack of bias) and precision

have been established.

▪Certified Reference Materials (CRMs) are included in

each batch to ensure the reliability of the assay. These

CRMs, such as OREAS254C, OREAS230, and

OREAS241, are specifically chosen for photon assay

to maintain quality standards and were evaluated

against published certificates. The standard deviation

was minimal for samples. OREAS241 shows strong

precision in analysis values; however, is not accurate

with the certified value and therefore is being switched.

Soils

Field duplicates were submitted at a ratio of ~1:50 and

show good correlation with primary samples.

Verification of

sampling and

assaying

▪The verification of significant intersections

by either independent or alternative

company personnel.

▪External verification has not been carried out, but

values were checked against logging and photographs

to ensure the intersected Au values are in line with

logged alteration, mineralisation or veining. Significant

intercepts have been verified by the Exploration

Manager, the CEO and Principal Geologist.

▪The use of twinned holes ▪Holes have not been twinned at lakeview yet.

▪Documentation of primary data, data

entry procedures, data verification, data

storage (physical and electronic)

protocols.

▪Data has been captured directly into specific logging

software. Assay files have been sent directly from the

lab to the database administrator to avoid operator

errors. All physical sampling sheets are filed and

scanned electronically and submissions to the lab

checked to ensure that no samples are missing or

incorrect IDs.

Soils

Sample data is recorded electronically in the field, sent to

GG8 personnel for QC an then uploaded to the company

database.

▪Discuss any adjustment to assay data. ▪No adjustments were made to the assay data.

Location of data

points

▪Accuracy and quality of surveys used to

locate drill holes (collar and down-hole

surveys), trenches, mine workings and

other locations used in Mineral Resource

estimation.

▪Samples were located using handheld Garmin GPS,

the GPS is accurate within 3-5m. DGPS surveys are

undertaken in collar locations every quarter for

accuracy down to 10cm

Soils

▪Sample coordinates, notes and track files are

recorded digitally using handheld GPS and

tablets.

Sample data is entered into spreadsheets before loading

into the database.

▪Specification of the grid system used. ▪All collar locations and maps quoted in this Report are

using the GDA1994 MGA, Zone 51 coordinate system.

▪Quality and adequacy of topographic

control.

▪Topography based on satellite and Lidar data

Data spacing

and distribution

▪Data spacing for reporting of Exploration

Results.

▪Data spacing is varied

Soils

Soil sample spacing was on a nominal 100x20m grid

suitable for target definition.

▪•Whether the data spacing and

distribution is sufficient to establish the

degree of geological and grade continuity

appropriate for the Mineral Resource and

Ore Reserve estimation procedure(s) and

classifications applied.

▪N/A

▪Whether sample compositing has been

applied.

▪A nominal cut off of 0.5 g/t is used for reporting

intercepts, within which 3-5m of waste material would

be allowed depending on the size of the intercept.

Gorilla Gold 292 Barker Road, Subiaco, Western Australia 6008 gorillagold8.com 12Orientation of

data in relation

to geological

structure

▪Whether the orientation of sampling

achieves unbiased sampling of possible

structures and the extent to which this is

known, considering the deposit type.

▪The relationship between the drilling orientation and

the orientation of mineralised structures is not

considered to have introduced a sampling bias. Most

holes have been drilled perpendicular to the main

orientation of the interpreted structures.

▪If the relationship between the drilling

orientation and the orientation of key

mineralised structures is considered to

have introduced a sampling bias, this

should be assessed and reported if

material.

▪No drilling orientation related sampling bias has been

identified at the Project. Some orientation changes

were made to historic holes and the main structure was

intersected at the interpreted depth.

Sample security ▪The measures taken to ensure sample

security.

▪All samples are delivered directly to the lab from the

field by GG8 employees or approved freight company.

Soils

Samples were collected, bagged and sealed by OZEX

personnel before being delivered directly to Labwest.

Audits or

reviews

▪The results of any audits or reviews of

sampling techniques and data.

▪The company continuously audits and reviews all field

practices.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

CriteriaJORC Code explanationCommentary

Mineral

tenement

and land

tenure

status

▪Type, reference name/number, location and

ownership including agreements or material

issues with third parties such as joint ventures,

partnerships, overriding royalties, native title

interests, historical sites, wilderness or national

park and environmental settings.

COMET VALE

Gorilla Gold Mines Ltd is in a Joint Venture with Sand Queen

Gold Mines Pty. LRL carries 51% and SQGM carries 49% of

all Mining Leases at Comet Vale listed below. An overriding

royalty by Reed Resources is maintained for 1% of the gold

mined at Comet Vale. In July 2024 the Company announced

the option for the remaining 49% for a deferred $3M to be paid

within 12 months, the option agreement was completed in

September 2024.

Kakara Part A has just been granted Native Title over the project

area. The Company does not at present have any agreements

with Kakara part A but are in the process of engagement.

M29/197,M29/198,M29/199,M29/200,M29/201,M29/232,M29/2

35,M29/233,M29/185,M29/270,M29/52,M29/35,M29/85,M29/1

86,M29/321

▪The security of the tenure held at the time of

reporting along with any known impediments to

obtaining a licence to operate in the area.

▪No known impediments exist with respect to the exploration

or development of the tenements.

Explorati

on done

by other

parties

▪Acknowledgment and appraisal of exploration by

other parties.

▪See previous announcements. In particular ASX

announcement, 13 September 2024, Review of Historical

Vivien and Comet Vale Databases.

Geology ▪Deposit type, geological setting and style of

mineralisation.

COMET VALE

Archean orogenic gold mineralisation associated with major

structures and mafic-ultramafic stratigraphy with intermediate

intrusives adjacent to intracratonic monzogranites, gold

mineralisation is associated with quartz veining, pyrrhotite

chalcopyrite, galena, sphalerite, and actinolite-biotite-chlorite

alteration

Gorilla Gold 292 Barker Road, Subiaco, Western Australia 6008 gorillagold8.com 13Drill hole

Informati

on

▪A summary of all information material to the

understanding of the exploration results including

a tabulation of the following information for all

Material drill holes:

▪easting and northing of the drill hole collar

▪elevation or RL (Reduced Level – elevation above

sea level in metres) of the drill hole collar

▪dip and azimuth of the hole

▪down hole length and interception depth

▪hole length.

▪Tables reported in the announcement.

▪If the exclusion of this information is justified on

the basis that the information is not Material and

this exclusion does not detract from the

understanding of the report, the Competent

Person should clearly explain why this is the

case.

▪No information material to the understanding of the

exploration results has been excluded.

Data

aggregati

on

methods

▪In reporting Exploration Results, weighting

averaging techniques, maximum and/or minimum

grade truncations (eg cutting of high grades) and

cut-off grades are usually Material and should be

stated.

▪Assay results reported here have been length weighted.

▪No metal equivalent calculations were applied.

▪Where aggregate intercepts incorporate short

lengths of high-grade results and longer lengths

of low grade results, the procedure used for such

aggregation should be stated and some typical

examples of such aggregations should be shown

in detail.

▪All samples were 1m or 4m samples were reported as

returned.

▪The assumptions used for any reporting of metal

equivalent values should be clearly stated.

▪No weighting used.

Relations

hip

between

mineralis

ation

widths

and

intercept

lengths

▪These relationships are particularly important in

the reporting of Exploration Results.

▪All samples reported are downhole width.

▪If the geometry of the mineralisation with respect

to the drill hole angle is known, its nature should

be reported.

▪Mineralization is generally perpendicular to drilling

orientation.

▪If it is not known and only the down hole lengths

are reported, there should be a clear statement to

this effect (eg ‘down hole length, true width not

known’).

▪All intercepts are down hole lengths, true widths not yet

determined.

Gorilla Gold 292 Barker Road, Subiaco, Western Australia 6008 gorillagold8.com 14Diagrams ▪Appropriate maps and sections (with scales) and

tabulations of intercepts should be included for

any significant discovery being reported These

should include, but not be limited to a plan view of

drill hole collar locations and appropriate sectional

views.

▪Plans and sections are located in the body of the

announcement.

Balanced

reporting

▪Where comprehensive reporting of all Exploration

Results is not practicable, representative

reporting of both low and high grades and/or

widths should be practiced to avoid misleading

reporting of Exploration Results.

▪All samples were reported for Au and their context

discussed.

Soils

▪This document is a balanced report with appropriate

cautionary note.

▪Figures included in this announcement show the location of

all UFF soil samples within the project area.

▪Statistics for the UFF soils (Au) data (n = 905) at Comet

Vale includes:

Minimum: 3.3 ppb

Maximum: 2767.3 ppb

Median: 28.8 ppb

Mean: 49.9 ppb

S.D: 131.3

90%: 78.2 ppb

95%: 112.2 ppb

98%: 185.1 ppb

Other

substanti

ve

explorati

on data

▪Other exploration data, if meaningful and

material, should be reported including (but not

limited to): geological observations; geophysical

survey results; geochemical survey results; bulk

samples – size and method of treatment;

metallurgical test results; bulk density,

groundwater, geotechnical and rock

characteristics; potential deleterious or

contaminating substances.

▪All other relevant data has been included within this report.

Further

work

▪The nature and scale of planned further work (eg

tests for lateral extensions or depth extensions or

large-scale step-out drilling).

COMET VALE

Drilling is ongoing, refer to end of text for more comprehensive

updatre.

▪Diagrams clearly highlighting the areas of

possible extensions, including the main geological

interpretations and future drilling areas, provided

this information is not commercially sensitive.

▪Maps plans and sections are all found in the body of the

text.

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