Great Pacific Gold Announces Focused Exploration Strategy
Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) has announced a focused exploration strategy for its core projects in Papua New Guinea (PNG) and Victoria, Australia. The company aims to develop gold-copper resources on five key assets:
- Kesar in PNG's Eastern Highlands, adjacent to K92 Mining's tenements
- Arau in PNG's Eastern Highlands, including the Mt. Victor target
- Wild Dog in PNG's East New Britain province
- Lauriston in Victoria, Australia, near Agnico Eagle's Fosterville operations
- Walhalla in Victoria, Australia, including the Pinnacles target
GPAC has completed various exploration activities across these projects and plans to publish NI 43-101 compliant technical reports for Lauriston and Walhalla. The company is also evaluating options for its non-core Australian assets.
Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) ha annunciato una strategia di esplorazione mirata per i suoi progetti principali in Papua Nuova Guinea (PNG) e Victoria, Australia. L'azienda mira a sviluppare risorse di oro-rame su cinque asset chiave:
- Kesar nelle Highlands Orientali della PNG, adiacente ai permessi di K92 Mining
- Arau nelle Highlands Orientali della PNG, inclusi gli obiettivi di Mt. Victor
- Wild Dog nella provincia di East New Britain della PNG
- Lauriston in Victoria, Australia, vicino alle operazioni Fosterville di Agnico Eagle
- Walhalla in Victoria, Australia, incluso l'obiettivo Pinnacles
GPAC ha completato varie attività di esplorazione su questi progetti e prevede di pubblicare rapporti tecnici conformi allo standard NI 43-101 per Lauriston e Walhalla. L'azienda sta anche valutando opzioni per i suoi asset australiani non strategici.
Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) ha anunciado una estrategia de exploración enfocada para sus proyectos principales en Papua Nueva Guinea (PNG) y Victoria, Australia. La empresa tiene como objetivo desarrollar recursos de oro-cobre en cinco activos clave:
- Kesar en las Highlands Orientales de PNG, adyacente a los permisos de K92 Mining
- Arau en las Highlands Orientales de PNG, incluyendo el objetivo Mt. Victor
- Wild Dog en la provincia de East New Britain, PNG
- Lauriston en Victoria, Australia, cerca de las operaciones Fosterville de Agnico Eagle
- Walhalla en Victoria, Australia, incluyendo el objetivo Pinnacles
GPAC ha completado diversas actividades de exploración en estos proyectos y planea publicar informes técnicos conformes a la norma NI 43-101 para Lauriston y Walhalla. La empresa también está evaluando opciones para sus activos australianos no centrales.
그레이트 패시픽 골드 주식회사 (TSXV: GPAC) (OTCQX: FSXLF)는 파푸아뉴기니 (PNG)와 호주 빅토리아의 핵심 프로젝트를 위한 집중 탐험 전략을 발표했습니다. 이 회사는 다섯 개의 주요 자산에서 금-구리 자원을 개발하는 것을 목표로 하고 있습니다:
- Kesar는 PNG 동부 고원에 위치하며 K92 Mining의 허가 구역과 인접해 있습니다.
- Arau는 PNG 동부 고원에 위치하며, Mt. Victor 목표를 포함합니다.
- Wild Dog는 PNG의 동부 뉴브리튼 주에 위치합니다.
- Lauriston는 호주 빅토리아에 있으며, Agnico Eagle의 Fosterville 운영 근처에 있습니다.
- Walhalla는 호주 빅토리아에 있으며, Pinnacles 목표를 포함합니다.
GPAC는 이러한 프로젝트 전반에 걸쳐 다양한 탐사 활동을 완료했으며, Lauriston과 Walhalla에 대한 NI 43-101 준수 기술 보고서를 발표할 계획입니다. 또한, 회사는 비핵심 호주 자산에 대한 옵션을 평가하고 있습니다.
Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) a annoncé une stratégie d'exploration ciblée pour ses projets principaux en Papouasie-Nouvelle-Guinée (PNG) et en Victoria, Australie. L'entreprise vise à développer des ressources en or-cuivre sur cinq actifs clés :
- Kesar dans les Hauts-Plateaux de l'Est de la PNG, adjacent aux permis de K92 Mining
- Arau dans les Hauts-Plateaux de l'Est de la PNG, y compris l'objectif Mt. Victor
- Wild Dog dans la province de East New Britain en PNG
- Lauriston en Victoria, Australie, près des opérations Fosterville d'Agnico Eagle
- Walhalla en Victoria, Australie, incluant l'objectif Pinnacles
GPAC a complété diverses activités d'exploration sur ces projets et prévoit de publier des rapports techniques conformes à la norme NI 43-101 pour Lauriston et Walhalla. L'entreprise évalue également les options pour ses actifs australiens non stratégiques.
Die Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) hat eine fokussierte Explorationsstrategie für ihre Kernprojekte in Papua-Neuguinea (PNG) und Victoria, Australien, angekündigt. Das Unternehmen plant, Gold-Kupfer-Ressourcen in fünf Schlüsselprojekten zu entwickeln:
- Kesar in den östlichen Highlands von PNG, angrenzend an die Konzessionen von K92 Mining
- Arau in den östlichen Highlands von PNG, einschließlich des Ziels Mt. Victor
- Wild Dog in der Provinz East New Britain von PNG
- Lauriston in Victoria, Australien, in der Nähe der Fosterville-Betriebe von Agnico Eagle
- Walhalla in Victoria, Australien, einschließlich des Ziels Pinnacles
GPAC hat verschiedene Explorationsaktivitäten in diesen Projekten abgeschlossen und plant, NI 43-101-konforme technische Berichte für Lauriston und Walhalla zu veröffentlichen. Das Unternehmen prüft auch Optionen für seine nicht strategischen Vermögenswerte in Australien.
- Focus on developing gold-copper resources in five core projects
- Strategic land positions adjacent to established mining operations
- Completion of recent exploration activities (drilling, sampling, road refurbishment)
- Plans to publish NI 43-101 compliant technical reports for Lauriston and Walhalla projects
- Potential for asset sales or spin-outs of non-core Australian assets
- Results from recent exploration activities still pending
- No defined mineral resources mentioned in the press release
- Potential dilution of focus with multiple projects across two countries
VANCOUVER, British Columbia, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Great Pacific Gold Corp. ("Great Pacific Gold,” “GPAC,” or the "Company") (TSXV: GPAC) (OTCQX: FSXLF) (Germany: V3H) is providing an update on its short-term exploration strategy. After a thorough review of its dominant land position in both Papua New Guinea (“PNG”) and Victoria, Australia, the Company has developed a short-term plan which is focused on developing gold-copper resources on its core projects.
Core Projects:
- Kesar – located in the Eastern Highlands province of PNG and contiguous with K92 Mining’s mine tenements, Kesar is a greenfield exploration project with several high priority targets in close proximity to the property boundary with K92. Multiple epithermal veins at Kesar are on strike and have the same orientation of key K92 deposits such as Kora. Exploration work to date by GPAC at Kesar has shown that these veins have high grades of gold present in outcrop and very elevated gold in soil grades, coincident with aeromagnetic highs. A phase two sampling program in support of initial drilling has recently been completed, with results pending.
- Arau – located in Eastern Highlands province of PNG, the Arau Project contains the highly prospective Mt. Victor exploration target with potential for a high sulphidation epithermal gold-base metal deposit. A Phase 1 Reverse Circulation drilling program was completed at Mt. Victor in August 2024. The Arau project includes the Elandora licence which also contains various epithermal and copper-gold porphyry targets.
- Wild Dog – located in the East New Britain province of PNG, Wild Dog is a brownfield exploration project with a history of small-scale gold mining. The project contains numerous epithermal and porphyry hydrothermal-magmatic targets evidenced by previous exploration and operations. The Company completed a road refurbishment in August 2024 and access to the project has been established for baseline environmental and exploration work.
- Lauriston – located in the state of Victoria, Australia, the Lauriston project is located on the southern extension of the Fosterville Goldfield Belt and is adjacent to Agnico Eagle’s extensive Fosterville tenements and mine operations. Lauriston contains the Comet-Trojan target, a 4.5km long epizonal orogenic system. The discovery hole at Comet intersected 8m at 105 g/t gold and a follow-up drilling program was completed in Q3 2024. The Company is consolidating its information on the Lauriston project and expects to publish an NI 43-101 compliant technical report.
- Walhalla – located in the state of Victoria, Australia, the Walhalla project consists of over 1,400km2 of concessions including the numerous historical mining operations and the recently acquired Woods Point land package. The Company is consolidating its information on the Walhalla project and expects to publish an NI 43-101 compliant technical report. Walhalla contains a high-priority greenfield target called Pinnacles. Extensive soil geochemistry has highlighted a 400m x 1,100m gold mineralized aplitic dyke which contains disseminated sulphides and outcrops at surface. The Pinnacles target is fully permitted and ready for drilling.
“The Company has spent the last four years compiling an extensive portfolio of high-quality exploration assets” stated Greg McCunn, CEO of Great Pacific Gold. “After this period of acquisition, it is now time for the Company to focus on developing one or more of its core projects into a mineral resource. While focus will be on these five assets in the short-term, the recently acquired Tinga project also has the potential to create significant shareholder value longer term and is an important part of the Great Pacific Gold’s future.”
The Company is undertaking a process of evaluating its non-core assets in Australia and will be looking to maximize value from these assets. As part of the process, the Company may consider asset sales, project spin outs and/or other such transactions.
On behalf of Great Pacific Gold
Greg McCunn
Chief Executive Officer and Director
For further information visit greatpacificgoldcorp.com or contact:
Adam Ross, Investor Relations,
Direct: (604) 229-9445
Toll Free: 1(833) 923-3334
Email: info@greatpacificgoldcorp.com
Qualified Person
The technical content of this news release has been reviewed, verified and approved by Rex Motton, AusIMM (CP), COO of Great Pacific Gold, a Qualified Person under the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Motton is responsible for the technical content of this news release.
About Great Pacific Gold
Great Pacific Gold has a portfolio of exploration stage projects in Papua New Guinea (“PNG”) and Australia. The Company is focused on developing gold-copper resources from its highly prospective land packages.
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Great Pacific Gold cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by many material factors, many of which are beyond their respective control. Such factors include, among other things: risks and uncertainties relating to Great Pacific Gold's limited operating history, its exploration and development activities on its mineral properties and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Great Pacific Gold does not undertake to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FAQ
What are the five core projects Great Pacific Gold (FSXLF) is focusing on?
Has Great Pacific Gold (FSXLF) completed any recent exploration activities?
What are Great Pacific Gold's (FSXLF) plans for its non-core assets in Australia?
When did Great Pacific Gold (FSXLF) complete its recent exploration activities?
