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GREAT PACIFIC GOLD CORP (FSXLF) is a progressive precious metals exploration company with a focus on gold exploration in North America. The company is committed to sustainable and responsible mining practices to ensure long-term success and environmental preservation. With a dedicated team and a portfolio of promising projects, GREAT PACIFIC GOLD CORP continues to strive for excellence in the mining industry.
Great Pacific Gold Corp (TSXV: GPAC) (OTCQX: FSXLF) has identified a new high-priority drill target at its Kesar Project through mapping of the East Vein Zone. The company discovered a mineralized hydrothermal breccia system exposed by artisanal miners, located approximately 2 km NE of the Anteruno target where current drilling operations are ongoing.
The Anteruno drilling program has completed ~1,400 meters across three drill holes, with a fourth hole in progress and a fifth planned for early January. The newly discovered East Vein Zone features multiple artisanal adits and significant mineralized structures, suggesting it may represent the core of a large-scale mineralized system spanning approximately 3 by 4km. The company believes Kesar represents the north-west extension of the Kainantu Mine deposits, located about 8 km from the Project.
Great Pacific Gold Corp (TSXV: GPAC) has announced its 2025 exploration program for the Wild Dog Project in Papua New Guinea. The company has engaged several partners including RSC Mining for historical data consolidation, Expert Geophysics for MobileMT geoelectrical mapping, and Tetra Tech for environmental studies.
Key developments include road improvements, hiring a full-time site geologist, and plans to mobilize a diamond drill rig with Quest Exploration Drilling in Q2 2025. The company will begin trenching and mapping work in the Gorocha area in Q1 2025.
The program focuses on consolidating historical drilling data, mapping, surface sampling, and developing a preliminary 3D geological model to guide diamond drill targeting.
Great Pacific Gold Corp (TSXV: GPAC) (OTCQX: FSXLF) has entered into a definitive agreement with Zincore Metals Corp. to sell its non-core Reedy Creek and Providence tenements in Victoria, Australia. The transaction includes:
- $500,000 cash within 5 days of signing (Dec 5, 2024)
- $500,000 cash on closing (expected Apr 1, 2025)
- 6 million Zincore shares on closing
- $1,000,000 cash upon publishing a NI 43-101 resource estimate exceeding 1M oz gold equivalent
- $2,000,000 cash upon commercial production
The divestiture aligns with GPAC's strategy to focus on core projects in Papua New Guinea, including Kesar and Wild Dog Projects. The company will maintain 10% shareholding in Zincore, ensuring continued exposure to the land package near Southern Cross's Sunday Creek Project.
Great Pacific Gold (GPAC) provided updates on multiple projects and its AGM results. At Kesar Project, diamond drilling is progressing with ~1,000 meters completed using two rigs, targeting completion of 2,500 meters across five holes by year-end. The program will continue into January 2025. At Wild Dog Project, following executive team site visits, GPAC plans a 2025 exploration program focusing on a 3km corridor with historical mining operations. The site shows high-grade gold-copper system potential with intense alteration and brecciation. At the AGM, shareholders approved all resolutions, including director re-elections and appointment of BDO Canada LLP as auditors. The company also approved a new securities-based compensation plan and granted 775,000 restricted share units.
Great Pacific Gold (TSXV: GPAC) (OTCQX: FSXLF) has appointed Callum Spink as Vice President, Exploration, as the company focuses on its Papua New Guinea (PNG) projects. Spink brings 15 years of mining and exploration expertise, including senior roles at Barrick Gold's Porgera and Newcrest's Lihir operations in PNG. The appointment coincides with GPAC's ongoing 5,000-meter diamond drill program at the Kesar Project and preparations for 2025 field work at the Wild Dog Project. The company also announced the immediate resignation of COO and Director Neil Motton and Director Liza Gazis, marking a shift in focus from Victoria, Australia to PNG operations.
Great Pacific Gold (TSXV: GPAC) (OTCQX: FSXLF) announces preparations for its 2025 field program at the Wild Dog Project in Papua New Guinea. The project spans 1,424 km² and features an 11km-long epithermal vein target within the Nengmukta Fault System. Historical drilling highlights include intersections of 11.3m @ 16.8 g/t AuEq and 13.5m @ 9.0 g/t AuEq. The project hosts multiple high-grade epithermal gold-copper deposits and promising copper-gold porphyry targets. Selected historical stockpile samples showed exceptional grades up to 242 g/t Au and 11.0% Cu. The company plans to begin preparatory exploration work following road access re-establishment in Q3.
Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) has appointed Ron Gawi as Country Manager for Papua New Guinea, effective immediately. Mr. Gawi brings over 20 years of experience from the Papua New Guinea Department of Minerals and Energy and Mineral Resources Authority (MRA), where he reached the position of Manager, Project Coordination. His extensive background in permitting and managing social license to operate in PNG is considered critical for the company's long-term success.
Mr. Gawi's experience includes overseeing seven operating mines, negotiating Integrated Benefits Package Agreements, and managing government and diplomatic relations. He has also served as Country Manager for Highlands Pacific for a decade and is a member of the mining committee of the PNG Chamber of Resources and Energy (CORE).
The appointment coincides with Great Pacific Gold's maiden drill program at Kesar, highlighting the company's increased focus on exploration activities in Papua New Guinea. Benjamin Trotsky, the previous Country Manager, will transition to an advisory role to ensure a smooth handover.
Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) has increased its drilling program at the Kesar Project in Papua New Guinea from 2,700 meters to up to 5,000 meters. The company has mobilized two diamond drill rigs to the site, focusing on the Anteruno prospect. Key highlights include:
- Identification of a main vein-set/stockwork zone (~1,000m x 200m)
- High-grade gold-bearing structures forming subparallel/sheeted vein sets
- Four drill pads prepared with four more planned
- Initial four holes planned for 1,900 meters from two operating pads
- Total program of up to 13 holes for 5,000 meters
The expansion follows high-grade geochemistry results reported earlier this year, including 47.6 g/t and 36.7 g/t gold in soils, 224 g/t gold in an artisanal working, and 116 g/t gold in an outcrop. Drilling is expected to commence imminently.
Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) has provided an update on its 100% owned Reedy Creek Project in Victoria, Australia, which is now considered a non-core asset. The company is evaluating its non-core Australian assets to maximize value, as part of its focused exploration strategy announced on September 5, 2024.
Highlights of Reedy Creek include:
- Two exploration tenements covering 445km2 of historic workings
- Located adjacent to Southern Cross Gold's Sunday Creek Project
- Permits and key land access agreements in place
- Previous drilling results include 8.0m at 42.4 g/t Au from 68 meters
- Recent shallow RAB drilling intercepted 4.0m at 30.4 g/t from 20 meters
CEO Greg McCunn stated that the company aims to monetize Reedy Creek to fund increased activity in Papua New Guinea, where drilling is set to commence at the Kesar Creek Project, adjacent to K92 Mining.
Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) has announced high-grade Phase 2 soil sampling results and a focused drilling program at its Kesar Project in Papua New Guinea. The project, contiguous with K92 Mining's tenements, has shown promising results, including soil samples assaying 47.6 g/t Au and 35.7 g/t Au, and rock samples of 94.3 g/t Au and 56.5 g/t Au. GPAC plans to commence a Phase 1 diamond drill program in October, targeting high-grade epithermal vein style gold-copper mineralization with 2,000 to 3,000 meters of planned drilling using two diamond drill rigs for two months.
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