Great Pacific Gold Announces High-Grade Gold Samples from Kesar's East Vein Zone, Drilling to Commence
Great Pacific Gold Corp. (GPAC) has announced significant high-grade gold discoveries at its Kesar Project's East Vein Zone, specifically in the Hampore and Fufunambi targets. The company completed ~2,000 meters of diamond drilling at Anteruno and is relocating drilling operations to Hampore.
At Hampore, 28 rock and chip samples taken in Q4 2024 averaged 24.5 g/t gold, with peak samples reaching 110.0 g/t, 93.3 g/t, and 74.2 g/t gold. The Fufunambi target yielded 14 samples averaging 16.2 g/t gold, with highest grades of 58.8 g/t, 43.8 g/t, and 42.3 g/t gold.
The company plans to complete approximately 1,800 meters of diamond drilling in Q1 2025. Dr. Joseph O. Espi, an expert on the Kainantu Mineral District, noted similarities between the East Vein Zone samples and K92's nearby Kora deposit, suggesting potential for a significant discovery.
Great Pacific Gold Corp. (GPAC) ha annunciato importanti scoperte di oro ad alta legge nella zona East Vein del suo progetto Kesar, in particolare nei target Hampore e Fufunambi. La società ha completato circa 2.000 metri di perforazione a diamante ad Anteruno e sta trasferendo le operazioni di perforazione a Hampore.
Presso Hampore, 28 campioni di roccia e chip prelevati nel quarto trimestre del 2024 hanno mostrato una media di 24,5 g/t di oro, con campioni di picco che hanno raggiunto 110,0 g/t, 93,3 g/t e 74,2 g/t di oro. Il target Fufunambi ha fornito 14 campioni con una media di 16,2 g/t di oro, con i massimi gradi di 58,8 g/t, 43,8 g/t e 42,3 g/t di oro.
La società prevede di completare circa 1.800 metri di perforazione a diamante nel primo trimestre del 2025. Il Dr. Joseph O. Espi, esperto del distretto minerario di Kainantu, ha notato somiglianze tra i campioni della zona East Vein e il vicino deposito Kora di K92, suggerendo un potenziale per una scoperta significativa.
Great Pacific Gold Corp. (GPAC) ha anunciado importantes descubrimientos de oro de alta ley en la zona East Vein de su proyecto Kesar, específicamente en los objetivos Hampore y Fufunambi. La compañía completó aproximadamente 2,000 metros de perforación con diamante en Anteruno y está trasladando las operaciones de perforación a Hampore.
En Hampore, 28 muestras de roca y chip tomadas en el cuarto trimestre de 2024 promediaron 24.5 g/t de oro, con muestras máximas alcanzando 110.0 g/t, 93.3 g/t y 74.2 g/t de oro. El objetivo Fufunambi produjo 14 muestras que promediaron 16.2 g/t de oro, con las calidades más altas de 58.8 g/t, 43.8 g/t y 42.3 g/t de oro.
La compañía planea completar aproximadamente 1,800 metros de perforación con diamante en el primer trimestre de 2025. El Dr. Joseph O. Espi, un experto en el distrito mineral de Kainantu, notó similitudes entre las muestras de la zona East Vein y el cercano depósito Kora de K92, sugiriendo un potencial para un descubrimiento significativo.
그레이트 퍼시픽 골드 Corp. (GPAC)는 케사르 프로젝트의 이스트 베인 존에서 험포르와 푸푸남비 목표지점에서 고품위 금 발견을 발표했습니다. 회사는 안테루노에서 약 2,000미터의 다이아몬드 드릴링을 완료했으며 드릴링 작업을 험포르로 옮기고 있습니다.
험포르에서 2024년 4분기에 수집된 28개의 암석 및 칩 샘플은 금 평균 24.5 g/t를 기록했으며, 최고 샘플은 110.0 g/t, 93.3 g/t 및 74.2 g/t의 금 함량에 도달했습니다. 푸푸남비 목표는 평균 16.2 g/t의 금을 가진 14개의 샘플을 제공했으며, 최고 등급은 58.8 g/t, 43.8 g/t 및 42.3 g/t의 금 함량이었습니다.
회사는 2025년 1분기에 약 1,800미터의 다이아몬드 드릴링을 완료할 계획입니다. 카이난투 광물 지구의 전문가인 조셉 O. 에스피 박사는 이스트 베인 존 샘플과 가까운 K92의 코라 광상 간 유사성을 지적하며 중요한 발견 가능성을 제안했습니다.
Great Pacific Gold Corp. (GPAC) a annoncé d'importantes découvertes d'or de haute teneur dans la zone East Vein de son projet Kesar, spécifiquement dans les cibles Hampore et Fufunambi. La société a complété environ 2 000 mètres de forage à diamant à Anteruno et déplace ses opérations de forage vers Hampore.
À Hampore, 28 échantillons de roche et de morceaux prélevés au 4e trimestre 2024 ont montré une moyenne de 24,5 g/t d'or, avec des échantillons de pointe atteignant 110,0 g/t, 93,3 g/t et 74,2 g/t d'or. La cible Fufunambi a donné 14 échantillons avec une moyenne de 16,2 g/t d'or, les plus élevés atteignant 58,8 g/t, 43,8 g/t et 42,3 g/t d'or.
La société prévoit de compléter environ 1 800 mètres de forage à diamant au 1er trimestre 2025. Le Dr Joseph O. Espi, expert sur le district minier de Kainantu, a noté des similitudes entre les échantillons de la zone East Vein et le dépôt Kora de K92 à proximité, suggérant un potentiel pour une découverte significative.
Great Pacific Gold Corp. (GPAC) hat bedeutende hochgradige Goldentdeckungen in der East Vein Zone seines Kesar-Projekts, insbesondere bei den Zielen Hampore und Fufunambi, angekündigt. Das Unternehmen hat etwa 2.000 Meter Diamantbohrungen in Anteruno abgeschlossen und verlagert die Bohraktivitäten nach Hampore.
In Hampore lagen 28 Gesteins- und Chipproben, die im 4. Quartal 2024 entnommen wurden, im Durchschnitt bei 24,5 g/t Gold, wobei Spitzenproben 110,0 g/t, 93,3 g/t und 74,2 g/t Gold erreichten. Das Ziel Fufunambi lieferte 14 Proben mit einem Durchschnitt von 16,2 g/t Gold, wobei die höchsten Gehalte bei 58,8 g/t, 43,8 g/t und 42,3 g/t Gold lagen.
Das Unternehmen plant, im 1. Quartal 2025 etwa 1.800 Meter Diamantbohrungen abzuschließen. Dr. Joseph O. Espi, ein Experte für den Kainantu-Mineralbezirk, bemerkte Ähnlichkeiten zwischen den Proben der East Vein Zone und dem nahe gelegenen Kora-Vorkommen von K92, was auf das Potenzial für eine bedeutende Entdeckung hindeutet.
- Exceptional high-grade gold samples from Hampore averaging 24.5 g/t gold
- Strong gold grades from Fufunambi averaging 16.2 g/t gold
- Strategic location near K92 Mining's successful Kainantu operations
- Expert validation from Dr. Espi comparing samples to K92's Kora deposit
- Planned 1,800-meter diamond drilling program for Q1 2025
- Anteruno drilling results still pending
- Early-stage exploration project with no defined resource yet
Vancouver, British Columbia--(Newsfile Corp. - January 15, 2025) - Great Pacific Gold Corp. (TSXV: GPAC) (OTCQX: FSXLF) (FSE: V3H) ("Great Pacific Gold," "GPAC," or the "Company") is pleased to provide an update on its Kesar Project ("Kesar" or the "Project").
In Q4 2024, while drilling the Anteruno drill target at Kesar, the Company identified a previously unknown high-priority target in the East Vein Zone (see news release dated December 12, 2024). Located approximately 2km north-east of Anteruno the East Vein Zone has since been delineated into two drill ready targets: Hampore and Fufunambi. Hampore lies along strike approximately 6km from K92 Mining's Kainantu operations (Figure 1). Recent chip and rock sampling from both Hampore and Fufunambi has returned exceptionally high-grade gold results (Tables 1 and 2), further underscoring their potential as significant exploration targets.
Highlights
- Anteruno diamond drilling program complete
- ~2,000 meters of diamond drilling completed in five drill holes (assays pending)
- 1,000 meters of structural corridor tested
- Drill being relocated to high-priority target at Hampore
- East Vein Zone - Hampore hosts multiple artisanal mining sites (Figure 2)
- 28 rock and chip samples taken in Q4 2024, average grade 24.5 g/t gold
- Sample 24120 (outcrop) = 110.0 g/t gold
- Sample 24119 (outcrop) = 93.3 g/t gold
- Sample 24139 (outcrop) = 74.2 g/t gold
- Drill hole KDH-06 expected to commence this week
- East Vein Zone- Fufunambi represents an anomaly 2km west of Hampore
- 14 samples taken in Q4 2024, average grade 16.2 g/t gold
- Sample 24135 (outcrop) = 58.8 g/t gold
- Sample 24136 (outcrop) = 43.8 g/t gold
- Sample 24107 (outcrop) = 42.3 g/t gold
- 1,800 meter diamond drill program underway and expected to be complete in Q1 2025
- Dr. Joseph O. Espi, published expert on the Kainantu Mineral District, recently highlighted the similarity between the East Vein Zone samples and the metasediments in K92's nearby Kora deposit
"The exploration work at Kesar has revealed a highly promising geological setting indicative of a large-scale mineralized system extending from Anteruno in the south to the North-East target," said Callum Spink, Vice President of Exploration for Great Pacific Gold. "Hampore and Fufunambi have emerged as top-priority targets, with the broader footprint now covering an impressive 25 km². The area hosts multiple high-grade artisanal workings, hydrothermal breccias, and veins, all pointing to a well-established and mineral-rich corridor. The exceptional grades, extensive sulphide mineralization, and complex structural geology strongly suggest that Hampore and Fufunambi could represent the core feeder zone of this extensive system. These exciting results reinforce our confidence in Kesar's potential to host a world-class deposit."
Figure 1: Kesar Area Targets
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Kesar East Vein Zone Background
In April 2024, a soil sampling program was initiated at the Kesar project at the Anteruno and Central Vein Zone targets. During the April campaign, a field supervisor became aware of several local artisanal mining sites to the north of the Central Vein Zone and collected a sample from one of the adits which returned 244 g/t gold.
In general, the April 2024 field campaign was focused on the Anteruno area and a follow up campaign was carried out in June 2024. As part of the June program, a small grid of samples was taken over the East Vein Zone. While the results from the East Vein Zone were very encouraging, including a sample of an outcrop returning 38.6 g/t gold and an adit sampling returning 94.3 g/t gold, there was insufficient work done to initiate drilling. As such, Anteruno, with advanced mapping and sampling, was chosen as the starting point for the maiden drilling program at Kesar.
With a camp established and drilling underway at Anteruno in November 2024, a field team was dispatched to the East Vein Zone to undertake further soil, rock and chip sampling as well as carry out mapping in the area.
Multiple active artisanal workings were observed (Figure 2). A further forty-two rock and chip samples were taken with gold grades averaging 21.77 g/t (Tables 1 and 2). The results of all three phases of soil, rock and chip sampling are shown in Figure 3.
Associate Professor Dr. Joseph O. Espi-head of the Earth Sciences Division at the University of Papua New Guinea in Port Moresby and a published expert on the Kainantu Mineral District-recently examined the East Zone's hand specimens and delivered an encouraging assessment very supportive of the Project, concuring with GPAC's in-house technical team. Drawing on his extensive background, Dr. Espi believes the East Vein Zone has exceptional potential for a high-bonanza grade gold mineralization system, extending along strike from K92 Mining's renowned Kora deposit. He points to the striking similarity between the East Zone's high-grade gold found in the metasediments and the nearby K92 Mining property's own sediment-hosted high-grade gold, fueling excitement that this could be the region's next major discovery.
Planned Q1 Drill Program
The diamond drill rig is in the process of being moved from Anteruno to Hampore. The Company expects to complete about 1,800 meters of diamond drilling in Q1 to test these target areas.
Long Term Incentive Plan Grants
In accordance with the Company's long term incentive plans, the Company announces that it has granted a total of 2,401,000 restricted share units and 1,618,000 stock options to its officers, directors, employees and consultants. The restricted share units will vest as follows:
Table 1 Significant Gold Results from Q4 2024 Outcrop Sampling Program, Hampore (East Vein Zone)
No | Sample_ID | Gold Grade (g/t) |
1 | KCRX24120 | 110.0 |
2 | KCRX24119 | 93.3 |
3 | KCRX24139 | 74.2 |
4 | KCRX24113 | 69.6 |
5 | KCRX24121 | 68.9 |
6 | KCRX24110 | 35.2 |
7 | KCRX24126 | 32.4 |
8 | KCRX24129 | 30.9 |
9 | KCRX24125 | 29.9 |
10 | KCRX24109 | 29.8 |
KCRX24120 - 110 g/t Au – Monomictic, matrix-clast supported Breccia with >
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Table 2 Significant Gold Results from Q4 2024 Outcrop Sampling Program, Fufunambi (Ease Vein Zone)
No | Sample_ID | Gold Grade (g/t) |
1 | KCRX24135 | 58.8 |
2 | KCRX24136 | 43.8 |
3 | KCRX24107 | 42.3 |
4 | KCRX24138 | 15.8 |
Figure 2 Location map showing the current and collapsed artisanal workings in the East Vein Zone.
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Figure 3 Gold values from soil and rock samples from Hampore and Fufunambi sampled by GPAC.
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On behalf of Great Pacific Gold
Greg McCunn, Chief Executive Officer and Director
For further information visit gpacgold.com or contact:
Email: info@gpacgold.com
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. Its core projects include:
- 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 expects to begin and extensive exploration program in Q1 2025 at Wild Dog.
- 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.
- 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, with results pending. The Arau project includes the Elandora licence which also contains various epithermal and copper-gold porphyry targets.
- 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 also holds a number of other exploration projects including the recently acquired Tinga Valley Project.
Quality assurance/quality control
All assays were subject to quality control measures appropriate for reconnaissance rock chip sampling with duplicates, blanks and commercially available standards with the expected results from the samples submitted. All assays were conducted by Intertek Minerals Ltd. (ISO: 9001), located in Lae, Papua New Guinea, using fire assay techniques with a 30-gram charge and ICP-OES finish. The quality control results are consistent.
Qualified Person
The technical content of this news release has been reviewed, verified and approved by Callum Spink, the Company's Vice President, Exploration, who is a member of the Australian Institute of Geoscientists, MAIG, and a Qualified Person as defined by National Instrument NI 43-101 Standards of Disclosure for Mineral Projects. Mr. Spink is responsible for the technical content of this news release.
Mineralization at K92s Kora deposit is not necessarily indicative of mineralization at the Kesar Creek Property.
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.
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FAQ
What are the latest gold sampling results from FSXLF's Hampore target?
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