Great Pacific Gold Corp Stock Price, News & Analysis

Great Pacific Gold Corp (OTCQX: FSXLF) has initiated its Phase I drilling program at the Wild Dog Project in Papua New Guinea. The program includes up to 16 diamond drill holes totaling approximately 2,500 meters, focusing on a 3km length of the Wild Dog epithermal vein structure. A recently completed MobileMT helicopter-borne survey covered 187km² (1,646 line-km) and revealed that the mineralized system extends over 15km with depth potential exceeding 1,000 meters.

The drilling campaign, scheduled from May through August 2025, marks the first modern, systematic drill program at Wild Dog in over a decade. The initial drilling targets sulfide mineralization below historic oxide mining pits, with historic drilling indicating a mineralized structure 6-10 meters in width, 15-20 meters below surface. Samples will be processed at the Intertek Lab in Lae.

Great Pacific Gold has partnered with ICP Securities for automated market making services. The agreement, starting April 30, 2025, includes the use of ICP's proprietary algorithm, ICP Premium™, and will run for an initial four-month term with automatic monthly renewals thereafter.

The company will pay a monthly fee of C$7,500 plus taxes for these services. Either party can terminate the agreement with 30 days' notice. The arrangement focuses on correcting temporary supply and demand imbalances in GPAC's shares, with ICP bearing all trading costs.

No performance factors, stock options, or additional compensation are included in the agreement. While ICP and its clients may acquire company securities in the future, they currently hold no positions in Great Pacific Gold.

Great Pacific Gold continues to monetize its Australian assets, receiving $1.45 million in recent proceeds. The company obtained $1 million from selling its Reedy Creek and Providence Projects to Golden Cross Resources, plus $450,000 from selling 2 million Golden Cross shares.

GPAC retains 4 million Golden Cross shares valued at $1.48 million and could receive up to $3 million in milestone-based payments. The company is advancing the sale of its Lauriston Project through Agentis Capital Mining Partners, with a definitive agreement expected soon.

The company's remaining Australian asset, the Walhalla Gold Project, spans 1,400km² and features historic production of 1.51 million ounces at 33.59 g/t gold. The project includes the promising Pinnacles target, a fully permitted site ready for drilling, featuring a 400m x 1,100m gold mineralized zone.

Great Pacific Gold Corp (TSXV: GPAC) (OTCQX: FSXLF) has completed the sale of its Reedy Creek and Providence Projects in Australia to Golden Cross Resources. The transaction includes:

- $1 million total cash payment ($500,000 previously paid, $500,000 at closing)
- 6 million Golden Cross common shares with varying resale restrictions
- Potential future payments up to $3 million tied to:

• $1 million upon publication of technical report showing 1,000,000+ ounces gold resource
• $2 million upon commercial production

The deal was executed through Golden Cross' acquisition of BC Subco, which owns Providence Gold Pty , the holder of the Property interests. Company insiders participated in the transaction for $65,000 through Fundco, which was later acquired by Golden Cross.

Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) has announced key updates for its Wild Dog Project in Papua New Guinea. A MobileMT geophysics helicopter survey is 30% complete, covering 187km² with 1,030 line-km. Drilling is set to begin in early May 2025, with a contract signed with Zenex Drilling.

The Phase I drill program includes 10 diamond drill holes totaling 3,000 meters along the Wild Dog epithermal vein structure, plus 4 additional holes (1,800 meters) testing north-northwest-trending structures. A NI 43-101 technical report has been completed, highlighting significant potential with historical results of up to 127 g/t Au in trench samples at Kavasuki.

The project features both epithermal gold-copper targets and porphyry Cu-Au prospects at Magiabe and Mt Regess. A successful community celebration was held with over 5,000 attendees, including local and government officials. Camp and core storage facilities have been established in Rieit, with technical team and support staff in place.

Great Pacific Gold Corp. (FSXLF) has provided an update on its exploration activities at the Kesar Project in Papua New Guinea, adjacent to K92 Mining's Kainantu Mine. The company has completed a MobileMT geophysical survey across the entire tenement, revealing large-scale structures similar to K92 Mining's.

At the Anteruno target, drilling produced gold-bearing intervals in all holes, with notable intersections including 3.13 meters @ 3.67 g/t gold and 0.23 meters @ 6.61 g/t gold. The company has completed four holes at the Hampore target totaling 943.9 meters, with a fifth hole underway. Drilling at Hampore has intercepted hydrothermal breccia with quartz-carbonate vein and semi-massive pyrite, visually similar to K92 Mining deposits.

The company plans to continue drilling with one diamond drill rig at Kesar through April to expand upon the initial results. A 1,200-metre drill program at Fufunambi has been designed based on MobileMT data, mapping, high-grade rock chip results, and evidence of artisanal mining.

Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) has announced the execution of a binding purchase agreement with Adelong Gold (ASX: ADG) for the sale of its Golden Mountain Project in Victoria, Australia. The transaction involves the sale of a 100% interest in Exploration Licence 6430 (EL6430).

The deal terms include:

• A cash payment of AUD$350,000 to be paid within five business days of meeting conditions precedent
• AUD$350,000 worth of Adelong Gold shares to be issued six months after completion, with pricing based on the five-day VWAP

The sale aligns with Great Pacific Gold's strategy to unlock value from its portfolio while focusing on advancing its core assets in Papua New Guinea. Adelong Gold plans to rename the project to Apollo Gold Project, which remains open at depth and along strike.