Gorilla Gold: Growth, Discovery, Recognition

Key Concepts

• Lake View Drilling: A specific drilling program or area of focus.
• King Kong Trend: A geological trend or zone of mineralization.
• Jambo Load: A specific mineralized body or zone within the King Kong trend.
• Hanging Wall Load & Footwall Load: Geological terms referring to mineralized zones above and below a main fault or shear.
• Comet Vale Mine / Sovereign Prospect: A historical producing gold mine with significant past production.
• Sovereign Trend: A major geological trend associated with the Comet Vale Mine.
• HappyJack Prospect: A newly discovered prospect.
• Cheer Prospect: Another prospect mentioned in relation to HappyJack.
• Silverback Shear Zone: A significant geological structure hosting mineralization.
• Undercover: Refers to areas of the project covered by younger, unconsolidated material, obscuring the underlying geology.
• Resource Estimate: A calculation of the quantity and grade of mineralized material.
• Exploration: The process of searching for mineral deposits.
• Mineralization: The process by which a mineral is formed or deposited.
• Prospectivity: The likelihood of a particular area containing mineral deposits.
• Strike: The horizontal extent of a mineralized zone.
• Down Dip: The vertical extent of a mineralized zone.
• Outcrop: Exposed rock at the surface.

Lake View Drilling and King Kong Trend

The discussion highlights a primary zone of continuous, high-grade gold mineralization at Lake View Drilling. This zone has a central core extending 700 meters along strike, with exploration reaching across a larger, incompletely explored strike of 1,200 meters. The mineralization averages 10 meters in width and approximately 5 grams per tonne (g/t) of gold. This zone has been drilled down to 350 meters down dip.

A recent drill hole, located over 100 meters down plunge from the previous deepest hole in the eastern part of the King Kong load, intersected both a hanging wall load and a footwall load. Notably, this hole also intersected mineralization outside of the Jambo load, indicating that the Jambo load itself was not intercepted. This discovery further emphasizes the growth prospectivity of the King Kong trend, the Lake View prospect, and the broader geological package.

Comet Vale Project: Historical Context and New Discoveries

The project's initial focus was on the Comet Vale Mine, also known as the Sovereign Prospect, which historically produced 200,000 ounces of gold at an average grade of 20 g/t. In the current year (2025), three new discoveries have been made outside of the historical Sovereign trend: Sovereign North, Lake View, and HappyJack. This marks one of the first major exploration programs conducted outside the Sovereign trend.

HappyJack and Cheer Prospects on the Silverback Shear Zone

The HappyJack and Cheer prospects are situated on a northwest-striking shear zone, referred to as the Silverback shear zone. This shear zone is approximately 5 kilometers long and has seen very little exploration due to limited outcrop. A significant characteristic of the project is that 75% of it is undercover, meaning the underlying geology is obscured. The project has also not experienced the same level of exploration as other projects located closer to Calgary.

The interception of gold mineralization on the Silverback shear zone between the HappyJack and Cheer prospects raises critical questions about the extent of mineralization along this structure and what other mineralized zones might exist. This shear zone is part of a larger system of interrelated structures spanning over 10 kilometers of strike and approximately 3 kilometers in width. This broader system includes the Sovereign Trend and the Lake View Discovery, indicating a significant area of interconnected mineralized structures within the Comet Vale project.

Resource Estimate and Exploration Success

An updated resource estimate for Comet Vale is anticipated in Q4 of the current year. The company has already added over 600,000 ounces of gold at an average grade of 4 g/t through exploration efforts on other projects this year. The upcoming Q4 update (expected in November-December) is projected to be the most significant to date.

Conclusion and Future Outlook

The speaker expresses confidence that their current exploration strategy is effective and that they are on the right track. The internal perspective is that the company is still at the beginning of its journey, focused on building value along the way and continuing to do so.