Great Pacific Gold Expands Exploration at Kesar Project Significantly
Great Pacific Gold Expands Its Kesar Project Drilling Program
Great Pacific Gold Corp. (TSXV: GPAC) continues to make headlines with its ambitious Kesar Project. This project is located in the Eastern Highlands province of Papua New Guinea, close to K92 Mining’s tenements, where exploration has revealed multiple high-priority targets.
Significant Increases in Drilling Program
The company recently announced an increase in its drilling program from an initial 2,700 meters to an impressive 5,000 meters. This expansion underscores the potential for high-grade gold deposits, particularly at the Anteruno prospect.
Previous Exploration Successes
Earlier exploration efforts at Kesar have yielded remarkable results. Notably, soil samples returned extremely high grades, including 47.6 grams per tonne (g/t) and 36.7 g/t of gold. Additionally, one artisanal working showed a stunning 224 g/t of gold, and outcrops recorded assays of up to 116 g/t.
Drilling Operations Commence
With two diamond drill rigs mobilized to the site, drilling is expected to commence imminently. Preparations include four operational drill pads with an additional four planned. The initial phase aims to drill four holes, totaling approximately 1,900 meters from the first two pads.
Insights from Surface Mapping
A thorough surface mapping program conducted in September 2024 has provided valuable insights into the structure of the Anteruno prospect. Geologists have identified gold-bearing structures that primarily strike east-west to north-west. The veins form subparallel or sheeted vein sets, indicating a promising setting for future mineralized intersections.
Geology, Alteration, and Mineralization of the Kesar Project
The geological setting of the Kesar Project consists predominantly of granodiorite. Phyllic alteration characterized by quartz-pyrite-sericite is largely confined to structures and vein walls, while granodiorite found away from these structures remains unaltered.
Understanding the Mineralization Process
Mineralized veins primarily consist of quartz and coarse pyrite, with lesser amounts of other sulphides like molybdenite and arsenopyrite. The highest assay recorded from rock samples is an impressive 116.0 g/t, sourced from an oxidized quartz-pyrite-dark sulphide vein.
Expansion Beyond Initial Plans
The initial drilling program was expected to take approximately two months for completion, but the expansion to 5,000 meters might extend operations into the following year. Each bore sampled is sent for assay at various intervals to monitor the program's progress and efficiency.
Local Infrastructure Development
The progress made by the company over the last month is commendable. Local contractors have established essential facilities such as a drillers camp, a new helipad, and an efficient core processing and logging facility at the nearby Gusap airstrip, which positions the company for streamlined operations.
Future Outlook for Great Pacific Gold
As Great Pacific Gold moves forward with its Kesar Project, the focus on high-grade mineral targets aims to attract investors and stakeholders alike. The company is actively working on other exploration projects in Papua New Guinea and Australia, including Arau, Wild Dog, Lauriston, and Walhalla, which are anticipated to deliver promising results.
Conclusion: The Path Ahead
The increased drilling program, coupled with robust preliminary results and local development initiatives, paints a positive picture for Great Pacific Gold. With ongoing efforts and strategic planning, the company looks to solidify its position as a key player in the gold and copper exploration sectors.
Frequently Asked Questions
What is the Kesar Project?
The Kesar Project is an exploration site located in the Eastern Highlands province of Papua New Guinea, known for its high-grade gold and copper resources.
Why has Great Pacific Gold expanded its drilling program at Kesar?
Great Pacific Gold expanded its drilling program to 5,000 meters following strong preliminary results that indicate significant potential for high-grade deposits.
What geological features characterize the Kesar Project?
The Kesar Project is primarily hosted in granodiorite with phyllic alteration and notable gold-bearing structures that have been mapped across the site.
How does the company manage quality control during assays?
The company employs rigorous quality control measures, including using duplicates, blanks, and standards to validate results from their reconnaissance rock chip sampling.
What other projects is Great Pacific Gold involved in?
In addition to Kesar, Great Pacific Gold is exploring several other projects in Papua New Guinea and Australia, including Arau, Wild Dog, Lauriston, and Walhalla.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Shell plc Expands Share Buy-Back Initiative for Growth
- Exploring Advancements in Prostate Cancer Clinical Trials
- Baffin Celebrates Grit with CFL in Innovative Advertising
- Albuquerque Economic Alliance Celebrates Major Achievements
- Automated Cell Culture Market: Growth Opportunities Ahead
- Discover Poomb Creatures: The Future of Gaming and NFTs
- Baxter International's Recovery Progress After Hurricane Damage
- BJ’s Restaurants Unveils Q3 Earnings Release and Call Date
- Voltalia Expands Solar Solutions Tailored for Agriculture Needs
- Exploring Heart Failure and Cancer: A New Era of Treatment Insights
Recent Articles
- Atlas Analytics Revolutionizes GDP Forecasting with AI Insights
- Doughlicious Brings Irresistible Frozen Treats to Target Stores
- Transforming Wedding Industry Through Inclusivity and Diversity
- OIC and MidCentral Join Forces to Innovate Power Generation
- Join the Joy: GKTW Village to Host Holiday Soiree 2024
- ChromaDex's Yasmeen Nkrumah-Elie Wins Trailblazing Woman Award
- Celebrate the Holidays with Incredible Gifts from Five Below
- Tandoori Pizza Expands with Eight New Locations in 2024
- Bridging the Technological Divide: Insights from Omnia's Report
- Jeeves and KLAS Arch Collaborative Enhance EHR Solutions
- American Battery Factory Partners with Tinci for Growth
- Vitreus Token (wVTRS) Launch on MEXC Global: A New Era
- Carbliss Unveils Expansion Plans in Major City Markets
- Complete Solar Welcomes Dan Myers as EVP of New Homes Division
- Housing Market Update: Inventory Rises Amid Sales Slump
- Rani Therapeutics Secures $10M in Direct Offering Funds
- Alzamend Neuro Achieves Nasdaq Compliance: A New Chapter Ahead
- Primary Care Center of Clear Lake Expands Obesity Medicine Team
- 89bio to Showcase Pegozafermin Trial Insights at Major Conference
- Olive My Pickle Celebrates Launch of The Pickle Factory Store
- Immuneering Gains Orphan Drug Status for Groundbreaking Cancer Therapy
- Discover Godiva's Premium Heritage Collection of Chocolates
- Workhorse W56 Launches into Production with Key Certifications
- BioVie Advances Terlipressin Patents and Clinical Innovations
- DeepHow Enhances Workforce Training via SAP Store Integration
- Join scPharmaceuticals' KOL Webinar to Learn About FUROSCIX
- RTI International Collaborates with Codetta Bio for Healthcare Advancements
- Junee Limited Secures $100M Partnership for AI Advancement
- ETC's Strong Sales Growth in Latest Fiscal Quarter
- Carmela Coffee Expands with New Café Location in Florida
- Newton Golf's Strategic Expansion into Japan's Golf Market
- Hudson Technologies Plans Conference Call for Q3 Financial Insights
- Vir Biotechnology Set to Share Groundbreaking Hepatitis Trial Results
- Galecto Enhances Leadership with Dr. Amy Wechsler's Appointment
- BMO Elevates S&P Global's Stock Target Amid Strong Performance
- HeartCore Teams Up with NTT Data for Enhanced Website Solutions
- Comprehensive Overview on Celsius Holdings' Market Position
- CVR Partners Plans to Unveil Third Quarter Financials Soon
- Alto Ingredients Reports Exciting Developments in Production
- Needham Adjusts ViaSat Stock Target Amid Competition and Supply Issues
- Yoshiharu Global Partners with Chengdu Octaday for Growth
- BMO Adjusts Constellation Brands Target Price, Maintains Rating
- Banzai Partners with MZ Group to Enhance Investor Relations
- Expion360 Gears Up for LD Micro Main Event with New Insights
- Apple's Ambitious Car Project Ends Amidst Competition Shifts
- UnitedHealth Group's Q3 Performance: Insights and Analysis
- Citigroup Faces Challenges as Profit Declines in Recent Quarter
- Progressive Insurance Reports Impressive Q3 2024 Financials
- Statkraft AS Advances Sustainability with New Green Bonds
- Ciena Corp's Future Looks Bright Despite Recent Downgrade