Labyrinth Resources Ramps Up Comet Vale Exploration

Labyrinth Resources Limited (AU:LRL) has released an update.

Labyrinth Resources Limited has successfully negotiated the divestment of its Labyrinth Gold Project to Gold Projects WA Pty Ltd, with a settlement due by mid-May 2024. Meanwhile, the company is intensifying exploration activities at their Comet Vale project in Western Australia, motivated by high gold prices and the project’s considerable potential for gold and base metal deposits. This renewed focus follows promising assay results and the updated Mineral Resource Estimate, highlighting the project’s resource growth potential.

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