Great Pacific Gold Corp Stock Price, News & Analysis

Great Pacific Gold Corp. (OTCQX: FSXLF) held its Annual General Meeting on June 23, 2025, where shareholders approved all proposed motions. The meeting resulted in the re-election of four directors: Gregory McCunn, Robert McMorran, Charles Hethey, and Christopher Muller. Additionally, shareholders approved the appointment of BDO Canada LLP as auditors and the company's 10% rolling stock option plan.

Notable changes include the retirement of director Iain Martin, who did not stand for re-election. The company expressed gratitude for Mr. Martin's service.

Great Pacific Gold Corp. (GPAC) has entered into a definitive arrangement agreement for a 1:1 spin-out of its Walhalla Gold Project in Victoria, Australia, through a new company called Walhalla Gold Corp. GPAC shareholders will receive one Walhalla Gold share for each GPAC share held. The company has received a $1.5 million cash payment as part of the transaction. The Walhalla Gold Project encompasses a 1,400 km² land package with historical production of 1.51 million ounces at 33.59 g/t Au. The spin-out includes a planned $3 million private placement financing and Walhalla's intended listing on the CSE. GPAC will retain a 2% net smelter return on the project. This strategic move allows GPAC to focus on its Wild Dog Project in Papua New Guinea while giving shareholders exposure to a district-scale gold project in Australia.

Great Pacific Gold Corp. reported significant drilling results from its Wild Dog Project in Papua New Guinea. Key highlights include WDG-04 intercepting 6 meters at 8.6 g/t AuEq (8.3 g/t Au and 0.21% Cu) from 62m, including 2.4 meters at 20.2 g/t AuEq. Previously announced WDG-02 results showed 7.0 meters at 10.3 g/t AuEq. The company has completed four drill holes in its 2,500-meter Phase 1 program, with the fifth hole nearing completion. The program targets high-priority areas within a 3km strike length, supported by MobileMT geophysics that identified a strong conductivity trend extending over 15km and to depths exceeding 1,000 meters. The drilling demonstrates significant gold-copper mineralization potential across the Wild Dog corridor.

Great Pacific Gold Corp. (FSXLF) has reported significant drilling results from its Wild Dog Project in Papua New Guinea. The company's first phase drill program intercepted high-grade mineralization, with hole WDG-02 yielding 7.0 meters at 10.3 g/t gold equivalent (5.5 g/t Au and 3.1% Cu) from 65.0m, including 2.0 meters at 14.3 g/t gold equivalent. The program is designed to test high-priority targets over a 3km strike length within a mineralized corridor, with approximately 2,500 metres of diamond drilling planned across 16 holes. The company has completed three drill holes to date, with a fourth in progress. Recent MobileMT geophysics identified a strong conductivity trend extending over 15km in strike and to depths exceeding 1,000 metres. Despite initial challenges with ground conditions in the first hole, subsequent holes showed improved core recovery rates.

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 Corp. (GPAC) has announced the sale of its Lauriston Project in Victoria, Australia to Adelong Gold Limited for a total consideration of A$6 million, comprising: • A$2.5M in non-contingent cash payments • A$1.5M in Adelong shares • A$2M in contingent cash payments • 2% NSR royalty retention This sale is part of GPAC's broader Australian asset divestiture strategy, which includes the recently announced 1:1 spin-out of Walhalla Gold Corp. The company will receive C$3.7M in cash by May 2025, with additional payments structured over 18 months. GPAC maintains strategic positions in the region through: • 6.7% stake in Golden Cross Resources • 9.7% stake in Adelong Gold • Royalties and contingent payments on multiple projects The proceeds will fund exploration at GPAC's Kesar and Wild Dog projects in Papua New Guinea.

Great Pacific Gold Corp (OTCQX: FSXLF) has announced a 1:1 spin-out transaction of its Walhalla Gold Project in Victoria, Australia, creating a new company called Walhalla Gold Corp. Shareholders will receive one Walhalla share for each Great Pacific share owned. The company will receive $1.5 million in cash and retain a 2% Net Smelter Royalty on the project. The Walhalla Gold Project is a significant 1,400 sq km land package with historic production of 1.51 million ounces at 33.59 g/t gold. The project includes the high-priority Pinnacles target, featuring a 400m x 1,100m gold mineralized zone ready for drilling. The transaction involves Finco completing a $4.5 million private placement and Walhalla plans to list on the CSE. The deal is expected to close by May 30, 2025, subject to regulatory and shareholder approvals.

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.