Considering the drilling results, dimensions, and comparison with analogs, a rough estimate for an Inferred MRE at Lakeview is likely in the range of 200,000 to 500,000 ounces of gold at grades around 2-3 g/t Au. This range accounts for:
The possibility of higher-grade zones contributing significantly (e.g., 20m @ 6.1 g/t Au, 19m @ 18.1 g/t Au).
The need for further drilling to confirm continuity and extent, especially given the system's openness in all directions.
The company's investment ($25 million) suggesting expectations of a resource in the hundreds of thousands of ounces, aligning with regional analogs like Tower Hill.
Table: Summary of Key Drilling Intercepts at Lakeview
Note: "Other" refers to additional intercepts reported, not necessarily from LVEX027.
Future Outlook
Gorilla Gold Mines is actively expanding drilling at Lakeview, with plans for additional rigs and a target of 10,000 meters of exploration . This suggests that an initial MRE could be forthcoming, potentially upgrading the resource to Indicated or Measured categories with denser drilling. Investors and stakeholders should monitor ASX announcements for updates, as the company has indicated that further results will be released over the coming months . Conclusion
The GG8s Lakeview deposit, based on current drilling results, likely has an Inferred MRE in the range of 200,000 to 500,000 ounces of gold at grades around 2-3 g/t Au. This estimate is speculative and subject to significant uncertainty, reflecting the early exploration stage and limited data. Further drilling and detailed analysis are essential for a precise MRE, but the deposit's high-grade intercepts and open-ended nature suggest substantial potential for resource growth, aligning with Gorilla Gold Mines' strategy to expand its resource base in Western Australia's goldfields.
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