Great Pacific Gold Stock Price, News & Analysis

Great Pacific Gold Corp. (OTCQX: FSXLF) is a mineral exploration company focused on gold and copper projects in Papua New Guinea ("PNG"). The company is listed on the TSX Venture Exchange under the symbol GPAC and trades on the OTCQX market in the United States under FSXLF, with a Frankfurt Stock Exchange listing under V3H. Great Pacific Gold describes itself as holding a portfolio of exploration-stage gold-copper projects in PNG, concentrated in highly prospective geological belts.

Core Focus and Exploration Strategy

According to multiple company news releases, Great Pacific Gold is focused on developing gold-copper resources from its land packages in PNG. Its approach centers on systematic exploration, including helicopter-borne MobileMT geophysical surveys, road refurbishment, baseline environmental work, and multi-phase drilling programs. The company emphasizes high-grade epithermal systems and copper-gold porphyry targets, with work programs that include reverse circulation (RC) drilling and diamond drilling.

Flagship Wild Dog Project

The company identifies the Wild Dog Project, located on the island of New Britain in East New Britain Province, PNG, as its flagship asset. Wild Dog is described as a brownfield exploration project with a history of small-scale gold mining and numerous epithermal and porphyry hydrothermal-magmatic targets. A MobileMT geophysics survey flown over the project highlighted an apparent conductivity trend along the Wild Dog structural corridor extending for approximately 15 km in strike length and to depths exceeding 1,000 meters.

Within Wild Dog, Great Pacific Gold is conducting a Phase 1 diamond drill program focused on the Sinivit target, a portion of the epithermal vein system. News releases report that drilling has intercepted high-grade gold-copper-silver mineralization over multiple intervals. The company notes that mineralization at Sinivit and along the corridor remains open along strike and at depth. The MobileMT data also defines a potential copper-gold porphyry target at Magiabe, adjacent to the epithermal structure, with indications of large diameter and vertical extent.

Kesar Project in Eastern Highlands Province

The Kesar Project is located in the Eastern Highlands Province of PNG and is described as a greenfield exploration project. It is contiguous with the mine tenements of K92 Mining Inc. and hosts several high-priority targets near or in close proximity to the property boundary with K92. Company disclosures state that multiple epithermal veins at Kesar are on strike and share the same orientation as key K92 deposits such as Kora.

Exploration work at Kesar has included soil geochemistry, mapping and a diamond drill program on key target areas. Great Pacific Gold reports that veins at Kesar show high grades of gold in outcrop and elevated gold in soil coincident with aeromagnetic highs. The company has carried out an initial phase of drilling and has referenced planning for follow-up programs.

Arau Project and Mt. Victor Target

The Arau Project, also in the Eastern Highlands Province of PNG, contains the Mt. Victor exploration target. Company descriptions characterize Mt. Victor as having potential for a high sulphidation epithermal gold-base metal deposit. A Phase 1 reverse circulation drilling program has been completed at Mt. Victor with what the company calls encouraging results. The Arau Project also includes the Elandora licence, which hosts various epithermal and copper-gold porphyry targets according to Great Pacific Gold.

Additional PNG Project: Tinga Valley

In addition to Wild Dog, Kesar and Arau, Great Pacific Gold states that it also holds the Tinga Valley Project in PNG. Public disclosures identify Tinga Valley as part of the company’s broader portfolio of exploration-stage projects, though fewer technical details are provided in the cited news releases compared with the other core projects.

Australian Assets and Walhalla Spin-Out

Beyond PNG, the company has held exploration assets in Victoria, Australia. News releases describe the Walhalla Project as a district-scale land package of more than 1,400 km², with multiple areas of historic gold production and a high-priority greenfield target known as Pinnacles. Pinnacles is characterized as a gold-mineralized aplitic dyke with disseminated sulphides and surface outcrop, and is stated to be fully permitted and drill-ready.

Great Pacific Gold has announced a 1:1 spin-out of the Walhalla Project into a separate company, Walhalla Gold Corp., with GPAC shareholders to receive one Walhalla share for each GPAC share as of a record date to be determined. The company reports receiving a cash payment in connection with this arrangement and retaining a 2% net smelter return on the Walhalla Gold Project. Additional Australian assets, such as the Golden Mountain and Lauriston Projects, have been described as non-core and sold, with the company assigning associated consideration to an investor.

Exploration Programs and Technical Oversight

Across its projects, Great Pacific Gold emphasizes structured exploration programs. At Wild Dog, the company has described a Phase 1 drill program targeting high-priority zones along a 3 km segment of the mineralized corridor, with drilling beneath historic oxide pits and step-outs along strike. At Kesar, the company has conducted diamond drilling on key targets following surface work and geophysical surveys. At Arau, reverse circulation drilling has been used to test the Mt. Victor target.

Technical content in the company’s news releases is stated to be reviewed and approved by a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. The company also outlines its quality assurance and quality control (QAQC) procedures, including the use of certified reference materials, blanks, and submission of samples to an ISO 9001-certified laboratory in Lae, PNG, for fire assay and multi-element analysis.

Trading and Corporate Context

Great Pacific Gold’s common shares trade on the TSX Venture Exchange under the symbol GPAC, on the OTCQX market in the United States under FSXLF, and on the Frankfurt Stock Exchange under V3H. The company’s public communications highlight a focus on gold-copper exploration in Papua New Guinea, supported by divestiture of non-core Australian assets and a proposed spin-out of the Walhalla Project into a separate vehicle. Corporate updates have also included annual general meeting results and changes to senior management roles.

Key Projects Summary

• Wild Dog Project (East New Britain, PNG) – Brownfield gold project with epithermal and porphyry targets, 15 km structural corridor indicated by MobileMT geophysics, active Phase 1 diamond drilling at Sinivit and related targets.
• Kesar Project (Eastern Highlands, PNG) – Greenfield gold project contiguous with K92 Mining tenements, multiple epithermal veins on strike with Kora-style deposits, diamond drilling completed on priority targets.
• Arau Project (Eastern Highlands, PNG) – Hosts Mt. Victor high sulphidation epithermal gold-base metal target, Phase 1 RC drilling completed; includes Elandora licence with epithermal and copper-gold porphyry targets.
• Tinga Valley Project (PNG) – Additional exploration-stage project held by the company.
• Walhalla Project (Victoria, Australia) – District-scale historic gold district with the Pinnacles target; subject to a planned spin-out into Walhalla Gold Corp., with Great Pacific Gold retaining a net smelter return.

Risk Profile and Stage of Development

Based on the company’s own descriptions, Great Pacific Gold is an exploration-stage issuer. Its projects are characterized as exploration-stage or greenfield/brownfield exploration, and the company reports drill results, geophysical interpretations and early-stage target evaluations rather than production metrics. As with many exploration companies, outcomes depend on the results of ongoing and future drilling, geological interpretation, permitting and financing, as reflected in the company’s news releases.

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