Labyrinth Resources reports promising drilling results

Labyrinth Resources (ASX:LRL) has announced positive results from its maiden reverse circulation (RC) drilling at the Cheer Prospect, part of the Comet Vale Project in Western Australia. The drilling has verified the presence of extended shallow, high-grade gold mineralization, demonstrating the project's potential.

Labyrinth Resources' strategic exploration update

Labyrinth Resources has announced significant results from its initial RC drilling at the Cheer Prospect, Comet Vale Project. The drilling has confirmed the presence of high-grade gold and extended mineralization. The company plans further drilling to enhance its understanding and expand its gold resources in the Goldfields region. The ongoing exploration aligns with Labyrinth's strategy to develop high-quality gold resources near existing infrastructure, with a focus on both current and historical data to guide its efforts. Future drilling will target high-grade intercepts at the Sovereign Trend, with further results anticipated in the coming weeks.

CEO commentary on promising gold finds

The results from our maiden drilling program at Cheer are encouraging and highlight the untapped potential of the Comet Vale Project. The high-grade and shallow nature of the gold deposits reinforces our strategy to develop significant gold resources near existing infrastructure,' said Charles Hughes.