Great Pacific Gold Begins Drilling Operations at Kesar
Great Pacific Gold Corp. (TSXV: GPAC, OTCQX: FSXLF, Frankfurt: V3H), headquartered in Vancouver, is thrilled to report significant advancements at the Kesar Project. This project, located in the Eastern Highlands of Papua New Guinea, has recently seen the initiation of a 5,000-meter drilling program at its Anteruno target. This represents a pivotal step in the exploration endeavors of the Company as it seeks to uncover mineral resources in this promising area.
Key Highlights of the Drilling Program
The Kesar Project is strategically positioned near K92 Mining's Kainantu mine concessions, making it a competitive site for exploration. The program will include thirteen planned drill holes designed to explore the Anteruno target, characterized by a unique vein-set and stockwork zone measuring approximately 1,000m x 200m.
Drilling Targets and Strategy
Two drill holes, KDH-01 and KDH-03, will mark the commencement of this exciting phase. KDH-01 aims to investigate the northern vein stockwork identified through prior geochemistry and mapping studies, while KDH-03 will target the eastern extension of the vein stockwork. In tandem with drilling, detailed surface mapping exercises are underway, covering the entire 5km x 5km area to highlight additional potential drill targets for future assessments.
CEO's Perspective on the Progress
Greg McCunn, CEO of Great Pacific Gold, expressed his pride in the swift progression of the drill rig setup and operational establishment at Kesar. 'The team has done a remarkable job of getting the drill rigs up and running and establishing our camp and operations base at Kesar in a very short period of time,' he noted. The drill program's initiation heralds a promising opportunity to excavate high-priority targets, while ongoing fieldwork will bolster exploration at other sites within Kesar.
Geology and Mineralization at Kesar
Exploration conducted at the Kesar Project has revealed several high-grade gold-bearing structures, particularly in proximity to K92 Mining properties. These veins display similar orientation to key K92 deposits like Kora, as shown by initial sampling indicating elevated gold their presence in soil and rock samples.
Sampling Results and Future Exploration Plans
Throughout 2024, extensive soil and rock sampling efforts have yielded remarkable results, including assays of up to 94.3 g/t Au from rock samples. Based on these findings, a reconnaissance mapping program was initiated to analyze structural data across areas with significant gold presence. This thorough investigation ensures the project team is equipped with valuable data as they move forward with drilling.
The Broader Vision for Great Pacific Gold
Great Pacific Gold is not solely focusing on Kesar; the Company boasts a diverse portfolio of exploration projects across Papua New Guinea and Australia, catering to its strategy of developing gold-copper resources. Their exploration endeavors encompass several promising projects, including Arau, Wild Dog, Lauriston, and Walhalla, each with unique characteristics and potential for resource development.
Investor Relations and Ongoing Updates
The management team at Great Pacific Gold remains dedicated to keeping investors informed about the advancements at Kesar and other projects. They invite interpretation and engagement from investors on their journey of exploration and development. For further information, interested parties can reach out to the investor relations team via the provided contact details.
Frequently Asked Questions
What is the Kesar Project?
The Kesar Project is a significant exploration site for Great Pacific Gold, located in the Eastern Highlands of Papua New Guinea, aimed at discovering high-grade mineral resources.
What recent developments occurred at the Kesar Project?
Great Pacific Gold has commenced a 5,000-meter drilling program at the Anteruno target within the Kesar Project, marking an exciting milestone for exploration efforts.
How many drill holes are planned for the Anteruno target?
Thirteen drill holes are planned to explore the Anteruno target, with the intention of intersecting multiple mineralized zones based on geological assessments.
What are the assay results from the sampling at Kesar?
Recent sampling yielded impressive results, including rock samples assaying up to 94.3 g/t Au, indicating the high potential of the project for gold mineralization.
How can investors stay informed about Great Pacific Gold's activities?
Investors can stay updated through the company's communications and by reaching out to their investor relations team for the latest information on project developments and opportunities.
