Great Pacific Gold Corp Stock Price, News & Analysis

Great Pacific Gold Corp. (GPAC) has commenced drilling at its Arau Project in Papua New Guinea. The company has completed road rehabilitation and constructed nine drill pads. A reverse circulation (RC) drill rig has been mobilized to the site, marking GPAC's first drilling on its PNG projects. Concurrently, GPAC is preparing the Kesar Creek Project for a drilling program, with an ongoing phase 2 soil program nearing completion. The company has also started road rehabilitation work at the formerly producing Wild Dog Project in East New Britain Province.

The Arau Project includes the Mt. Victor Prospect, where previous drilling found a multiple phase intrusion complex hosting copper and gold mineralization. GPAC plans to drill approximately 2000 meters to confirm copper-gold porphyry mineralization. Additionally, an extensive soil sampling program of 377 samples has been completed in the southern exploration licence, EL2715, with assays expected in the coming weeks.

Great Pacific Gold Corp. (TSXV: GPAC, OTCQX: FSXLF) has provided an update on its gold-copper projects in Papua New Guinea, covering approximately 2500 sq km. Key developments include:

Arau Project: Located in the Kainantu region, the Arau Project, which includes the Mt. Victor Prospect, is preparing for a 2000-meter reverse circulation drilling program starting in early July. Recent activities include road access rehabilitation and soil sampling in the southern exploration area, EL2715.

Kesar Creek Project: Situated next to K92 Mining Inc.’s tenements, the project has returned high-grade assays from rock chip and soil sampling, with notable results such as 244 g/t Au. The company is tightening its soil program and preparing for the initial drilling phase.

Wild Dog Project: Located on New Britain Island, the project involves two exploration licenses, with EL 2516 granted in April 2024. Environmental assessments and road rehabilitation work are underway, which are important for local access and the exploration program.

Great Pacific Gold has announced promising high-grade gold assays from its recent drilling at the Comet discovery within the Lauriston Gold Project in Victoria, Australia. Key results include a 4m intersection at 22.3 g/t gold from 101.9m in drill hole CDH10. Additional deep high-grade intervals were found, including 0.35m at 55.6 g/t gold from 130.4m in CDH09. These findings highlight the significant potential of the Comet system. The drill results indicate stacked zones of mineralization, with geological structures suggesting further exploration potential. The assays cover nine diamond drill holes totaling 1,380m and include a variety of high-grade gold intervals, showcasing the promising nature of this discovery.

Great Pacific Gold Corp. (GPAC) (OTCQX: FSXLF) has engaged Tetra Tech Coffey Pty as the environmental consultant for its Wild Dog Project in Papua New Guinea. The project, located in East New Britain Province, received its license on April 22, 2024. Tetra Tech Coffey will start with a site assessment, collecting water and sediment samples once access road rehabilitation is complete. This consultancy firm has over 40 years of experience in Papua New Guinea, providing various environmental and social management services. GPAC's CEO, Bryan Slusarchuk, emphasized the company's commitment to environmental responsibility and collaboration with local stakeholders. The project's work program includes employment creation, road rehabilitation, and potential equity participation for the Landowners Association if the project advances to production.

Great Pacific Gold announced the completion of its acquisition of Tinga Valley Copper & Gold, thereby adding a substantial land position in Papua New Guinea. The Tinga Valley Property, spanning 347 sq km, shares a similar geological setting with the renowned Ok Tedi Copper-Gold Mine. The property is highly prospective for porphyry copper-gold and skarn mineralization, with historical exploration revealing significant copper and gold grades. GPAC issued 12.5 million common shares to Tinga shareholders and 600,000 shares to its financial advisor, Clarus Securities, in connection with the transaction. The exploration is set to begin in 2024, aiming to unlock major copper and gold potential.

Great Pacific Gold Corp. has reported multiple high-grade gold assays from the Kesar Creek Project in Papua New Guinea. The project is near other significant deposits and targets, showing promising results in rock chip and soil samples. The CEO praised the team's efforts in the successful execution of the program.

Great Pacific Gold Corp. has received the Wild Dog Exploration License in Papua New Guinea, covering a significant project with high-grade drill hole intercepts and multiple targets for gold and copper. The project includes two ELs totaling 1424 sq. km on New Britain island. The company aims to advance the project at depth and along strike to unlock its full potential. With this recent grant, all Exploration License Applications have been converted into Exploration Licenses, totaling approximately 2500 sq. km.