The All Ordinaries Index (ASX: XAO) is up 2.7% today, with this ASX All Ords gold stock racing ahead of those gains.
The fast-rising stock in question is Gorilla Gold Mines Ltd (ASX: GG8).
Gorilla Gold shares closed yesterday trading for 34.5 cents. In late morning trade on Wednesday, shares are changing hands for 37.5 cents apiece, up 8.7%.
The ASX All Ords gold stock looks to be catching tailwinds on two fronts today.
First, the gold price is up 2.4% overnight to US$4,819 per ounce. This follows news that US President Donald Trump has delayed the threatened escalation of the war in Iran amid renewed negotiations.
Gorilla Gold is also catching ASX investor interest after reporting on new high-grade gold intercepts at its Comet Vale Gold Project, located in Western Australia.
Here's what's happening.
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ASX All Ords gold stock leaps on results
Gorilla Gold's 100% owned Comet Vale Project is part of the North Kalgoorlie Hub, which the miner noted currently hosts 1.2 million ounces at 3.7 grams of gold per tonne (1.2Moz at 3.7g/t Au).
The ASX All Ords gold stock currently has five drill rigs operating across the North Kalgoorlie Hub as part of its program aimed at growing Gorilla's high-grade resource base and supporting future studies.
In this morning's release, the miner reported on the latest drill assays from its cornerstone Sovereign Deposit, within Comet Vale.
Top results included 10.6 metres at 7.1 grams of gold per tonne from 353 metres, with another hole returning 1.1 metres at 60.2g/t Au from 261 metres.
Gorilla Gold also has a drill rig operating at its Vivien Project, targeting new high-grade discoveries.
What did management say?
Commenting on the results helping lift the ASX All Ords gold stock today, Gorilla Gold CEO Charles Hughes said, "Our 2026 exploration campaign is now really moving up a gear as the flow of assay results begins to accelerate, with the cornerstone Sovereign Deposit at Comet Vale delivering multiple impressive high-grade hits."
Hughes added:
Sovereign is the largest and highest-grade individual deposit at Comet Vale. It currently hosts 410,000oz @ 4.3g/t Au over a strike length of 1.3 kilometres – with clear potential to grow this resource out well past 2.5 kilometre in length.
Importantly, we're seeing multiple parallel lodes developing at Sovereign around the contact of two major lithological units with no real indication of where the lodes finish as we get further into the footwall of this contact. That means there is plenty of growth upside here.
Looking to the year ahead, Hughes concluded:
With 150,000 metres of drilling planned across our three key projects in 2026, investors can look forward to what we hope will be a transformational period for Gorilla Gold in the coming months.
