Great Pacific Gold's Strategic Exploration Focus
Great Pacific Gold Corp. ("Great Pacific Gold," "GPAC," or the "Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: V3H) is entering a new phase in its exploration strategy. This updated approach focuses on enhancing the development of gold-copper resources, particularly in its key projects located in Papua New Guinea and Victoria, Australia.
Key Assets and Projects
Let’s take a closer look at some of the Company’s major mining projects:
Kesar Project
Located in the Eastern Highlands province of Papua New Guinea, the Kesar project is adjacent to K92 Mining’s mine tenements. This site is recognized as a prime greenfield exploration area with several high-priority targets nearby. Recent exploration efforts have uncovered high-grade gold within epithermal veins that resemble the configurations of K92's significant deposits. A phase two sampling initiative has recently concluded, and assay results are expected soon.
Arau Project
The Arau project, also situated in Papua New Guinea, features the promising Mt. Victor exploration target, which suggests the presence of a high-sulfidation epithermal gold-base metal deposit. Following a successful Phase 1 Reverse Circulation drilling program, there are strong expectations for discovering substantial mineralization at Mt. Victor.
Wild Dog Project
The Wild Dog project, located in New Britain's province, has a history of small-scale gold mining, evident from its various epithermal and porphyry hydrothermal-magmatic targets. The Company has recently improved access roads, allowing essential baseline environmental assessments to begin alongside exploration activities.
Lauriston Project
In Victoria, Australia, the Lauriston project is strategically located near Agnico Eagle’s mining operations and includes the Comet-Trojan target, which features a significant epizonal orogenic system. The drilling results so far, including a notable intersection of gold, have generated optimism for this project.
Walhalla Project
The Walhalla project covers an extensive area of 1,400 km² of concessions, showcasing a significant historical mining operation, along with the newly acquired Woods Point land package. It includes a high-priority greenfield target known as Pinnacles, where extensive geochemical analysis has identified a promising gold mineralized structure, and drilling permissions are already in place.
Company's Vision and Future Plans
CEO Greg McCunn expressed excitement about shifting from merely acquiring high-quality assets to actively developing them into measurable mineral resources. The Tinga project, though recently acquired, holds long-term value potential that the Company aims to capitalize on, alongside its primary focus on more established assets.
Moreover, Great Pacific Gold is currently assessing its non-core assets in Australia with the goal of maximizing value. This may involve strategic actions such as asset sales or potential project spinouts.
Contact Information
For more information, Great Pacific Gold welcomes inquiries through:
Adam Ross, Investor Relations,
Direct: (604) 229-9445
Toll Free: 1(833) 923-3334
Email: info@greatpacificgoldcorp.com
Frequently Asked Questions
What is Great Pacific Gold's main business focus?
Great Pacific Gold focuses on exploring and developing gold-copper resources in Papua New Guinea and Australia.
What recent changes has Great Pacific Gold made to its strategy?
The Company is now prioritizing the advancement of its core exploration projects rather than seeking new property acquisitions.
Where are the Company’s key projects located?
Major projects are situated in Papua New Guinea and Victoria, Australia, with notable assets including Kesar, Arau, and Lauriston.
What makes the Lauriston project significant?
Lauriston is strategically located near prominent mining operations and has shown promising drilling results in gold intersections, highlighting its potential.
How can investors reach out for more information about Great Pacific Gold?
Investors can contact Adam Ross, Investor Relations, by phone or email for detailed inquiries regarding the Company.
