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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.
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