Great Pacific Gold Identifies Additional High Priority Drill Targets at Kesar
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) (OTCQX: FSXLF) ha identificato un nuovo obiettivo di perforazione ad alta priorità presso il suo Kesar Project attraverso la mappatura della East Vein Zone. L'azienda ha scoperto un sistema di breccia idrotermale mineralizzata esposto da minatori artigianali, situato a circa 2 km a nord-est del target Anteruno dove sono in corso operazioni di perforazione.
Il programma di perforazione Anteruno ha completato circa 1.400 metri attraverso tre pozzi, con un quarto in corso e un quinto programmato per inizio gennaio. La recentemente scoperta East Vein Zone presenta molteplici aperture artigianali e strutture mineralizzate significative, suggerendo che potrebbe rappresentare il nucleo di un sistema mineralizzato su larga scala che si estende per circa 3 km per 4 km. L'azienda crede che Kesar rappresenti l'estensione nord-ovest dei depositi della Miniera Kainantu, situata a circa 8 km dal progetto.
Great Pacific Gold Corp (TSXV: GPAC) (OTCQX: FSXLF) ha identificado un nuevo objetivo de perforación de alta prioridad en su Kesar Project a través del mapeo de la East Vein Zone. La empresa descubrió un sistema de brecha hidrotérmica mineralizada expuesta por mineros artesanales, ubicada aproximadamente a 2 km al noreste del objetivo Anteruno donde se están llevando a cabo operaciones de perforación.
El programa de perforación de Anteruno ha completado aproximadamente 1,400 metros a través de tres pozos de perforación, con un cuarto pozo en progreso y un quinto planificado para principios de enero. La recién descubierta East Vein Zone presenta múltiples adiciones artesanales y estructuras mineralizadas significativas, sugiriendo que podría representar el núcleo de un sistema mineralizado a gran escala que se extiende aproximadamente 3 por 4 km. La empresa cree que Kesar representa la extensión noroeste de los depósitos de la Mina Kainantu, ubicada a unos 8 km del Proyecto.
그레이트 태평양 골드 주식회사 (TSXV: GPAC) (OTCQX: FSXLF)는 케사르 프로젝트의 동맥대역을 매핑하여 새로운 고우선 순위 드릴 타겟을 확인했습니다. 이 회사는 약 2km 북동쪽에 위치한 안테루노 타겟에서 현재 퍼포레이션이 진행 중인 지역에서 아르티잔 광부들이 노출한 광물화된 열수 혼합체 시스템을 발견했습니다.
안테루노 드릴링 프로그램은 세 개의 드릴 홀을 통해 약 1,400 미터를 완료했으며, 현재 네 번째 홀 진행 중이며 다섯 번째 홀은 1월 초에 계획되어 있습니다. 새로 발견된 동맥대역은 여러 아르티잔 아디트와 상당한 광물화 구조를 특징으로 하며, 약 3x4km에 걸쳐 있는 대규모 광물화 시스템의 핵심을 나타낼 수 있음을 시사합니다. 회사는 케사르가 카이나투 광산 광상의 북서쪽 연장을 나타낸다고 믿습니다. 이 광상은 프로젝트에서 약 8km 떨어져 있습니다.
Great Pacific Gold Corp (TSXV: GPAC) (OTCQX: FSXLF) a identifié un nouvel objectif de forage prioritaire dans son Kesar Project grâce à la cartographie de la zone East Vein. L'entreprise a découvert un système de brèche hydrothermale minéralisé exposé par des mineurs artisanaux, situé à environ 2 km au nord-est de la cible Anteruno où les opérations de forage sont en cours.
Le programme de forage Anteruno a complété environ 1 400 mètres à travers trois trous de forage, avec un quatrième trou en cours et un cinquième prévu pour début janvier. La nouvelle zone East Vein présente plusieurs galeries artisanales et des structures minéralisées significatives, suggérant qu'elle pourrait représenter le cœur d'un système minéralisé à grande échelle s'étendant sur environ 3 par 4 km. L'entreprise estime que Kesar représente l'extension nord-ouest des dépôts de la mine Kainantu, située à environ 8 km du projet.
Great Pacific Gold Corp (TSXV: GPAC) (OTCQX: FSXLF) hat durch die Kartierung der East Vein Zone ein neues Bohrziel mit hoher Priorität in seinem Kesar Project identifiziert. Das Unternehmen entdeckte ein mineralisiertes hydrothermales Breccia-System, das von artisanal arbeitenden Bergleuten freigelegt wurde, und das sich etwa 2 km nordöstlich des Anteruno-Ziels befindet, wo derzeit Bohrarbeiten durchgeführt werden.
Das Bohrprogramm Anteruno hat etwa 1.400 Meter in drei Bohrlöchern abgeschlossen, ein viertes Loch ist in Bearbeitung und ein fünftes ist für Anfang Januar geplant. Die neu entdeckte East Vein Zone weist zahlreiche artisanale Stollen und bedeutende mineralisierte Strukturen auf, was darauf hindeutet, dass sie den Kern eines großflächigen mineralisierten Systems darstellen könnte, das sich über etwa 3 mal 4 km erstreckt. Das Unternehmen glaubt, dass Kesar die nordwestliche Erweiterung der Lagerstätten der Kainantu-Mine darstellt, die etwa 8 km vom Projekt entfernt ist.
- Discovery of new high-priority drill target at East Vein Zone
- Successful progress in Anteruno drilling program with ~1,400 meters completed
- Secured $5 million financing for 2025 work program
- Identification of potential large-scale mineralized system core
- None.
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2024) - 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").
Highlights
- East Vein Zone mapping has identified a previously unknown high-priority drill target
- Mineralized hydrothermal breccia system exposed by artisanal miners
- Multiple artisanal adits indicate significant mineralized structure
- Wide zones of alteration and brecciation to be targeted with upcoming January drilling
- Anteruno diamond drilling program progressing well:
- ~1,400 meters of drilling completed to-date in three drill holes
- Hole KDH-04 is in progress with a fifth hole planned to be complete by early January
Recent mapping and sampling has focussed on the East Vein Zone, located approximately 2 km NE of the Anteruno target (Figure 1), where a 5 hole drill program is currently underway. Ongoing drilling at Anteruno has confirmed mineralized veins and structures hosted in granodiorite.
The mapping and sampling program at the East Vein Zone has encountered numerous artisinal underground workings and adits within outcropping hydrothermal breccia (Figures 2 and 3). Closer inspection found sulphide mineralization within brecciated granodiorite and metasedimentary rocks (Figures 4 and 5).
"Importantly, this degree of brecciation has not previously been observed elsewhere within the Kesar project," commented Chris Muller, Director of Great Pacific Gold. "This suggests that the East Vein Zone may represent the core or feeder to a large-scale mineralized system defined by Anteruno and the Eastern and Central Vein Zones over an area of approximately 3 by 4km. To have identified this is a potential game changing development and we are fortunate this has occurred so early in the initial drill program."
"This recent work continues to support the thesis that Kesar represents the north-west extension of the Kainantu Mine (K92 Mining) deposits, located approximately 8 km from the Project," said Greg McCunn, CEO of Great Pacific Gold. "With the recently announced
Figure 1: Kesar area targets Anteruno and East Vein Zone
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Figure 2: Underground workings and adits within hydrothermal breccia outcrop
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Figure 3: Artisanal workings
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Figure 4: Sulphide mineralization within brecciated granodiorite
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Figure 5: Sulphide mineralization with the matrix of brecciated granodiorite
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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:
- 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.
- 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 also holds a number of other exploration projects including the recently acquired Tinga Valley Project.
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.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233479
FAQ
What new discovery has FSXLF made at the Kesar Project?
How much drilling has FSXLF completed at the Anteruno target as of December 2024?
How much financing has FSXLF secured for its 2025 work program?
What is the size of the mineralized system identified at FSXLF's Kesar Project?
How far is FSXLF's Kesar Project from the Kainantu Mine?
